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19th Feb 2025 11:04UKDaily Monitor

  • Firms are adjusting to payroll-tax hikes across several dimensions, rather than just slashing employment.
  • More firms say they will raise prices than cut employment in response to increased NICs.
  • Accordingly, we think the weakest surveys of job growth are exaggerating the employment slowdown.

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Keywords for: 21 February 2025 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence