Unemployment to peak at 5.8 per cent as jobs market faces ‘biggest hit’ since pandemic

City AM — Apr 20, 07:00 AM

Reeves is set to be handed an unemployment blow. https://www.cityam.com/wp-content/uploads/2026/04/Rachel-Reeves-is-set-to-oversee-low-growth-this-year-e1776161265960.jpg?w=1107" />

Britain is set to be “pushed to the brink of a technical recession” in the coming year as the economic fallout of the war in Iran dampens growth prospects and sends unemployment soaring.

The latest Item Club report sees the UK economy flatlining in the second and third quarters as it digests the consequences of https://www.cityam.com/unemployment-to-peak-at-5-8-per-cent-as-jobs-market-faces-biggest-hit-since-pandemic/">[...]

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UK unemployment set to surge

250,000 UK job losses predicted as Britain faces 'biggest hit since Covid' Liverpool Echo — Apr 20, 10:16 AM
Quarter of a million people could lose job by middle of 2027 as UK ‘flirts with recession’, analysis says The Guardian — Apr 20, 05:00 AM
UK to ‘flirt’ with recession and 250,000 to lose jobs amid Iran war fallout, warn forecasters The Independent — Apr 19, 23:01 PM
Britain set to 'flirt with recession' this summer amid turmoil over Iran: Doom-laden report predicts economy will flatline for six months Daily Mail — Apr 20, 00:15 AM
250,000 people in UK to lose jobs in next year, new report says Mirror — Apr 20, 05:31 AM