UK could be heading for recession in 2025 | LBC analysis

A 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.

Listen to the full show on Global Player: https://app.af.globalplayer.com/Br0x/...

#andrewmarr #economy #bankofengland #rachelreeves #chancellor #ukpolitics #uknews #news #LBC

LBC is the home of live debate around news and current affairs in the UK.

Join in the conversation and listen at https://www.lbc.co.uk/
Sign up to LBC’s weekly newsletter here: https://l-bc.co/signup