KPMG’s recent UK Economic Outlook for September 2025 explores how escalating global trade tensions, potential tax increases, persistent inflation, and shifting interest rates could shape the UK’s fiscal and monetary landscape.
The report highlights that the prospect of higher taxes in the upcoming Autumn Budget is dampening confidence among both businesses and households. Combined with stubbornly high inflation and slowing wage growth, household incomes are likely to be further strained, pointing to subdued consumer spending in the coming months.
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