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UK could be heading for recession in 2025 | LBC analysis
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December 18, 2024
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YouTube Description
as posted by the channelA recession is 'likely in the first half of next year', former NatWest chairman tells Tonight with Andrew Marr.
Sir Howard Davies told Andrew that there is the 'prospect of a flatlining economy over the next 12 months', however he went on to say that he 'doesn't attach a fantastically high degree of importance' to being in a recession.
This comes after one of the UK’s biggest recruiters warned that the UK is heading towards recession, blaming the chancellor’s National Insurance hike for a slump in the jobs market.
The chairman of recruitment giant Reed told LBC that its data showed a 13% month-on-month decrease in job listings since October, and a 26% decline in comparison with November 2023, figures which, historically, have resulted in the UK entering a recession.
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