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11th Aug 2025 17:31UKDaily Monitor

  • Payrolls declined by 8K month-to-month in July, the smallest drop in six months.
  • Redundancies fell and vacancies look to have stabilised; the worst of the job slowdown is over.
  • Private-sector pay growth was below the MPC’s call in Q2, but it remains too high to cut rates rapidly.

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Keywords for: 13 August 2025 UK Monitor

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