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Data shows little sign that tax increase on employers is leading to mass layoffs | Heather Stewart
No dramatic shakeout so far, but jobs data may yet look like a snapshot of the calm before the storm of Trump’s tariffs
The UK jobs market continues to cool but Rachel Reeves will be relieved that there is little sign as yet in the latest data that her tax increase on employers is leading to mass job losses.
Targeting employer national insurance contributions (NICs) to raise an extra £25bn in October’s budget sparked a furious business backlash and dire warnings about the impact for workers.
Low-deposit mortgage deals highest for 17 years
Choice of home loans requiring small deposits of 5% or 10% reaches levels last seen in the 2008 financial crisis.
Off-the-run credit liquidity is the worst since March 2020
But fresh credit remains weirdly healthy
A UK-US deal sounds good but it is all about the detail
Britain is being taxed by US despite having no trade deficit but the UK may have some leverage.
Canadian oil producers see opportunity in Donald Trump’s trade war
US tariffs on its northern neighbour have renewed calls for pipelines and fast-tracking oil and gas projects