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The strikes in the auto industry impacted job growth this month, as the labor market added 150,000 jobs and the unemployment rate ticked up to 3.9%.

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What You’ll Find: Coverage on the UK labour market, and insights on the tumultuous economy shaping it.

All #UK Stories

The UK Labor Market Does Not Reward Graduates 

21 Nov 23
Though more and more people are graduating from college, the U.K. labor market has a troubling graduate skill premium.
5 minutes

The BoE is Sacrificing the Labor Market… Blindly? 

09 Nov 23
BoE officials have made it clear that they are now willing to sacrifice the labor market to bring down inflation, but the official numbers are unreliable.
5 minutes

The Bank of England’s Next Policy Blunder? The QE Time Bomb 

18 Oct 23
The risks to quantitative easing are benign during anemic recoveries. In this period of high inflation, it could results in bad losses.
5 minutes

“Greedflation” Isn’t to Blame for High Inflation

29 Sep 23
Corporate greed has been wrongly blamed for this bout of inflation. Greedflation isn't the problem. Excess growth and labor shortages are.
5 minutes

UK Economy: No Longer Underperforming?

14 Sep 23
The story of the United Kingdom's economy lately has been one of disaster, but recent revisions may have changed the narrative.
4 minutes

Housing is Swallowing the UK Economy 

25 Aug 23
The dysfunctional housing market in the United Kingdom prevents workers from moving to highly productive cities, leading to underperformance.
4 minutes

The Dire State of National Healthcare in the UK

13 Jul 23
The UK's National Health System is stretched dangerously thin, with waiting lines so long people's lives are at risk. The lack of health services is also hurting the labor market.
5 minutes

The State of Global Manufacturing: US Slowing and Europe Stalled

30 Jun 23
The global manufacturing industry is being hurt by a shift in consumer preferences, especially in Europe.
5 minutes

UK Migration has Picked Up After Brexit 

20 Jun 23
Despite Brexit, the U.K. will remain a popular immigration destination, but the housing market will be a constraint moving forward. 
5 minutes

The Upcoming UK Mortgage Crunch

05 Jun 23
Higher interest rates are about to send U.K. mortgage rates soaring, aggravating the current cost-of-living crisis and the housing market.
5 minutes

The Bank of England Flips: Recession Averted in 2023 

23 May 23
The recession that was revised away: new economic projections from the BoE no longer show an upcoming downturn in the United Kingdom.
3 minutes

The Wage-Price Spiral: A Uniquely British Problem? 

02 May 23
Unlike other advanced economies, the U.K. is experiencing particularly sticky inflation and the real possibility of a wage-price spiral.
5 minutes

BoE and Treasury at Odds About the UK’s Long-Run Capacity to Grow 

29 Mar 23
The difference between the central bank and the OBR reflects diverging assumptions about employment, worker productivity, and business investment.
4 minutes

Demography is Destiny

16 Mar 23
The post-pandemic labor market has been extremely tight with many vacancies left unfilled.
5 minutes

In the United Kingdom, Consumers Perk Up

28 Feb 23
In the UK, consumer confidence and business sentiment are gradually increasing, as the economy continues to evade a massive downturn.
4 minutes

The United Kingdom Is Missing Workers

23 Feb 23
Economic growth in the United Kingdom depends on the strength of the labor force. But Brexit, demographic declines, and long-term health issues threaten that strength.
4 minutes

Unfortunately, Hard And Soft Data Agree In The UK 

10 Feb 23
While soft and hard data are disconnected in other countries, the United Kingdom is doing just as poorly as workers and businesses believe.
5 minutes

The BoE’s Renewed “Optimism” About the Economic Outlook

02 Feb 23
The Bank of England's new economic projections show much less pessimism about the labor market and economic growth in the short term.
3 minutes

Will the Bank of England Engineer a Long-Lasting Recession? 

25 Jan 23
While a U.K. recession is highly likely, there is a lot of uncertainty on how deep and prolonged the economic downturn will be.
5 minutes

Is the UK Headed for a White-Collar Recession? 

20 Jan 23
Even though the British economy is in a downturn, the labor market might hold up better this time than during the typical recession, especially since there is still a shortage of blue-collar jobs due to Brexit.
4 minutes

Turbulence in the United Kingdom

30 Sep 22
It’s been a turbulent week for the United Kingdom. Puzzling financial policy and political drama latched onto an ongoing energy crisis and a tight labour market, triggering volatility not seen in at least 20 years. 
6 minutes

Economic Storm Clouds Gathering Around the World

16 Aug 22
Countries across the world are facing high inflation, economic fallout from a pandemic, and an energy crisis caused by the war in Ukraine.
3 minutes

Anarchy in the U.K.: Labour Shortages Amid Soaring Inflation

19 May 22
Demand for workers is about 60% above its pre-COVID level. The paradox is that while the U.K. labour market is extremely ‘tight’ – a good thing for workers – those same workers are suffering from a cost of living crisis.
3 minutes

The Looming Economic Challenge Most People Aren’t Aware Of

11 May 22
How does economic growth happen? It’s a hard question to answer but economists have tried for centuries. Perhaps the most famous model came from MIT economist Robert Solow in 1956. The Solow growth model specifies three factors that fuel growth: productivity, capital, and labor. 
2 minutes

UK Labour Shortages Persist, As Inflation Outruns Wage Gains

18 Feb 22
Employers face stiff competition for workers amid labour shortages.
1 minute read

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