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, https://www.theguardian.com/business/2026/apr/19/bank-bosses-meeting-rachel-reeves-impact-iran-war-uk-economy">Rachel Reeves, summoned bank chiefs for talks aimed at containing the fallout, twin reports from top accounting firms underlined the scale of the economic threat facing the UK.
https://www.theguardian.com/business/2026/apr/20/250000-could-lose-job-2027-uk-recession-analysis-economy-iran-war">Continue reading...- 250,000 UK job losses predicted as Britain faces 'biggest hit since Covid' Liverpool Echo —
- Unemployment to peak at 5.8 per cent as jobs market faces ‘biggest hit’ since pandemic City AM —
- UK to ‘flirt’ with recession and 250,000 to lose jobs amid Iran war fallout, warn forecasters The Independent —
- Britain set to 'flirt with recession' this summer amid turmoil over Iran: Doom-laden report predicts economy will flatline for six months Daily Mail —
- 250,000 people in UK to lose jobs in next year, new report says Mirror —