The UK is entering one of its most uncertain economic periods in years. Growth is slowing, unemployment has risen to 5%, and the number of Universal Credit claimants not required to work has surged past four million — a 50% increase since July 2024. Businesses are cutting back, vacancies are falling, and economic output is barely moving, with GDP growing just 0.1% last quarter and even contracting in September. These pressures are not yet a recession, but together they form the kind of early warning signs economists watch closely. The question now is whether the UK stabilises — or slips closer to a downturn.
Credit to : EUREKA UK