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When job security falls, it means more people are worried about losing their jobs or finding new ones. This can make you think twice about big spending, like buying a new car or going on an expensive holiday, as you might want to save more in case your income changes.
Stories that explain this
UK job security falls to lowest level since April 2023Related explainers
Global impact: less UK spending? Why save more now? How does this affect interest rates? UK economy: what's the mood? Is my job safe? What is an actor's job? Will AI make my job cheaper? Will AI make my job disappear?The full catalogue
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