Though the UK economy has done better than expected in H1 2025, domestic weakness may persist and slow the economy in H2, S&P Global Ratings said.
Firms’ adjustment to a labour-cost shock via job cuts and a resurgence of inflation is hitting purchasing power and consumption recovery, it noted.
Consumer and business confidence has remained weak this year, despite better-than-expected economic performance.
Firms’ adjustment to a labour-cost shock via job cuts and a resurgence of inflation is hitting purchasing power and consumption recovery, it noted.
Consumer and business confidence has remained weak this year, despite better-than-expected economic performance.
