Who in the labour market loses under tariffs?
It’s become a commonplace to hear that the consumer will lose out by paying higher prices for goods under new protectionism. It’s harder to ascertain what groups in the labour market might have problems now that tariffs have become part of the US administration’s international relations toolkit.
Summary Reflections on the Spring Statement
The budget marks a shift towards investment in skills, health, and infrastructure, addressing low productivity, labour shortages, and regional disparities.