Along with its interest rate decision the Bank of England has downgraded its growth projections for the UK. Unemployment resulting from tax hikes and the minimum wage hike are to blame…
Growth forecasts are down this year to 0.9% from 1.2% in November and 1.5% in 2027 compared to 1.6% in November. Downgrades all round…
The Bank said employment growth is “zero… due to cost pressures from higher employer national insurance contributions and the national living wage.” What more damage will Reeves and Torsten Bell be able to inflict if they make it to the next Budget?
