{"id":317257,"date":"2025-12-15T13:45:12","date_gmt":"2025-12-15T13:45:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/317257\/"},"modified":"2025-12-15T13:45:12","modified_gmt":"2025-12-15T13:45:12","slug":"budget-hits-hiring-market-as-economy-feels-pinch","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/317257\/","title":{"rendered":"Budget hits hiring market as economy feels pinch"},"content":{"rendered":"<p>\t\t\tMonday 15 December 2025 6:50 am<br \/>\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n<p>\t\t\tMonday 15 December 2025 7:27 am\n\t<\/p>\n<p>\t\t\tShare<\/p>\n<p>\t\t\t\t\t\tFacebook\t\t\t\t\t\tShare on Facebook\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tX\t\t\t\t\t\tShare on Twitter\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tLinkedIn\t\t\t\t\t\tShare on LinkedIn\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tWhatsApp\t\t\t\t\t\tShare on WhatsApp\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tEmail\t\t\t\t\t\tShare on Email\t\t\t\t\t<\/p>\n<p><img width=\"742\" height=\"495\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/12\/Live-blog-holding-image.jpg\" class=\"media \" alt=\"Live blog placeholder image for a general news article on a business website, featuring a neutral background and subtle de...\" fetchpriority=\"high\" loading=\"eager\" decoding=\"sync\"  \/>\t\tWelcome back to the City AM FTSE 100 liveblog.\t<\/p>\n<p>Good morning and welcome back to the City AM liveblog.<\/p>\n<p>On Friday, the Labour government\u2019s mission for economic growth proved to be not just sluggish but in free fall.<\/p>\n<p>The latest figures published by the Office for National Statistics (<a href=\"https:\/\/www.ons.gov.uk\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">ONS<\/a>) dealt another blow to Rachel Reeves as new data showed production output shrank 0.5 per cent in October whilst construction contracted 0.3 per cent.<\/p>\n<p>The all-important services sector, which is estimated to make up over 80 per cent of the economy, did not grow at all.<\/p>\n<p>This led to a headline 0.1 per cent contraction in the economy.<\/p>\n<p>Economists quickly sounded the alarm with a number warning the UK was on \u201crecession watch\u201d.<\/p>\n<p>Those at Deutsche Bank believes that Britain\u2019s stuttering services sector \u2013 often viewed as the engine room of the UK economy \u2013 and the slower than expected recovery in auto making after the JLR cyberattack, makes a quarterly contraction likely.<\/p>\n<p>Neil\u00a0Birrell, chief investment officer at Premier Miton Investors, said the figures should encourage a dovish cut from the Bank of England on Thursday, when the Monetary Policy Committee makes their next interest rates decision.<\/p>\n<p>\u201cIt\u2019s time to worry about recession, not inflation,\u201d Birrell said. <\/p>\n<p>The latest reading for inflation sat at 3.6 per cent, falling slightly from 3.8 per cent though remaining well above the Bank\u2019s two per cent target.\u00a0The next set of data will be due on Wednesday, following unemployment figures on Tuesday.<\/p>\n<p>We\u2019ll be bringing you the biggest news and analysis of the day as we get it.<\/p>\n<p>Here\u2019s a few of our top stories from the last few days<\/p>\n<p>\t\t\t\t\tRead more<\/p>\n<p>\t\t\t<a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/budget-tax-rumours-holding-back-uk-economic-growth\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Budget tax rumours holding back UK economic growth<\/a><\/p>\n<p>The liveblog has ended.<\/p>\n<p>No liveblog updates yet.<\/p>\n<p>Load more<\/p>\n<p>\t\tSimilarly tagged content: <\/p>\n<p>\t\t\tSections\t\t<\/p>\n<p>\t\t\tCategories\t\t<\/p>\n<p>\t\t\tPeople &amp; Organisations\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Monday 15 December 2025 6:50 am \u00a0|\u00a0\u00a0Updated:\u00a0 Monday 15 December 2025 7:27 am Share Facebook Share on Facebook&hellip;\n","protected":false},"author":2,"featured_media":317258,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,125802,62,4229,1294,12897,2016,42027,105843,105844,2923,84484,124311,125803,125804,420,1634,69200,2053,53651,467,50,1445,4767,105848,37556,56,1893,735,54,55],"class_list":["post-317257","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economic-confidence","tag-economic-growth","tag-economics","tag-economy","tag-ftse","tag-ftse-100","tag-ftse-250","tag-ftse-350","tag-ftse-aim","tag-growth","tag-growth-agenda","tag-growth-fund","tag-growth-mandate","tag-growth-plan","tag-keir-starmer","tag-labour","tag-labour-conference","tag-labour-party","tag-london-stock-exchange","tag-markets","tag-news","tag-rachel-reeves","tag-stock-market","tag-stock-market-float","tag-stock-market-update","tag-uk","tag-uk-economy","tag-uk-government","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/317257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=317257"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/317257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/317258"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=317257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=317257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=317257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}