US EditionQuarter of UK employers plan to cut jobs before tax rises bite, survey finds
- Chancellor Rachel Reeves faces potential spending cuts due to economists questioning the Office for Budget Responsibility's forecasts after productivity declined.
- Citigroup's UK economist Ben Nabarro warned that a slight reduction in productivity growth could create a significant financial gap of £7 billion to £8 billion.
- Labour productivity shrank by 2.4 percent in the third quarter of 2024, based on official data.
- Economist Andrew Wishart noted that the OBR's prediction of a sustained productivity rebound is 'starting to look insane' amid sluggish economic performance.
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19 Articles
19 Articles
All
Left
3
Center
2
Right
5
Coverage Details
Total News Sources19
Leaning Left3Leaning Right5Center2Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 30%
C 20%
R 50%
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