UK unemployment is now at 5.1%… here’s what’s going on.

Описание: UK unemployment has now risen to 5.1% the highest level since pre-pandemic times.
When Labour Party came into government in 2024, the rate was sitting at 4.1%. So what changed?

📉 Slow economic growth across 2025
💸 Higher interest rates = higher borrowing costs
🏗️ Construction sector redundancies
🚪 Business closures across the country

When businesses struggle with rising costs, investment slows.
When investment slows, hiring freezes.

And when borrowing becomes expensive, expansion plans disappear.
For individuals, this doesn’t just mean job uncertainty, it can impact income tax, National Insurance contributions, benefits eligibility, and overall financial stability.

If you’ve been affected by redundancy, reduced hours, or business slowdown, it’s more important than ever to understand your tax position and what support may be available.

We’re here to break it down simply.

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#UKUnemployment #UKEconomy #TaxTalk #MoneyMatters