Kelvin MacKenzie: Barclays expects U.K. unemployment to rise to 2.1 million

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Kelvin MacKenzie: Barclays expects U.K. unemployment to rise to 2.1 million — Barclays sees U.K. unemployment reaching 2.1 million

Barclays forecasts that unemployment in the U.K. will increase to 2.1 million, with the rate rising from 4.9% to 5.7% over the next 18 months, citing factors such as the Iran war and rising interest rates.

Kelvin MacKenzie also commented that he doubts Burnham will wait that long and predicts a general election by March.

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Kelvin MacKenzie previously reported that billionaire David Reuben has left the U.K. for Monaco, citing an increasing number of wealthy individuals relocating abroad. In a separate article, MacKenzie noted that Abu Dhabi’s investment in the U.K. has doubled to £20 billion over five years, spanning sectors such as real estate and infrastructure. These developments come as investors and business leaders adjust to changing economic conditions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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