UK Faces Recession Risk, 250,000 Jobs Feared Lost by 2027
A new analysis warns that the UK is 'flirting with recession,' with forecasts suggesting up to a quarter of a million jobs could be lost by mid-2027. The report attributes these economic challenges partly to global events like the fallout from the Iran war.
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Quarter of a million people could lose job by middle of 2027 as UK ‘flirts with recession’, analysis says
Twin reports from top accounting firms underline scale of economic threat as Iran war shatters business confidence A quarter of a million people could lose their jobs by the middle of next year as Britain “flirts with recession”, analysis suggests, after business confidence was shattered by the US-Israel war on Iran. As the chancellor, Rachel Reeves, summoned bank chiefs for talks aimed at containing the fallout, twin reports from top accounting firms underlined the scale of the economic thre...
By Rob Davies
Read full article →UK to ‘flirt’ with recession and 250,000 to lose jobs amid Iran war fallout, warn forecasters
The job market will endure its ‘biggest hit since the pandemic’
By Athena Stavrou
Read full article →UK on brink of recession, 250,000 jobs could be lost by 2027: Report
The U.K. economy is on the brink of recession, with up to 250,000 jobs at risk by mid-2027, according to a report by the British daily The Guardian on Monday, citing projections of...
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