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28th Jul 2025 10:37UKDaily Monitor

  • We expect payrolls to be revised up to an 8K fall in June, and to drop by 7K in July.
  • Vacancies leading indicators suggest the labour market is stabilising after-payroll-tax-hike disruption.
  • We expect another solid private-sector ex-bonus AWE gain, at 0.4% month-to-month in June.

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Keywords for: 29 July 2025 UK Monitor

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