Professor David Spencer Comments as UK Unemployment Hits Four-Year High Amid US Tariff Pressures
Professor David Spencer links rising UK unemployment to taxes, policy uncertainty, and tariffs, warning of growing risks to economic growth.
A recent report from CGTN highlights that the UK unemployment rate has risen to 4.7 per cent, marking a four-year high, as industries face declining job vacancies, weak business investment, and pressure from imposed US tariffs.
Professor David Spencer, from Leeds University Business School, offered insight into the broader forces affecting the labour market:
Higher employment taxes, policy uncertainty, and tariff pressures are limiting employment growth and raising the risk of economic stagnation.
His commentary emphasises the importance of considering external trade shocks in analysing domestic employment dynamics, underlining the complexity of current economic challenges.
