Analysis of the Impact on the Labour Market after the British Prime Minister and Government Policy Change

Guangyu Lin

doi:10.54097/wqrwav33

Authors

Guangyu Lin

DOI:

https://doi.org/10.54097/wqrwav33

Keywords:

Macroeconomics; Labour market; Politics; British prime minister

Abstract

Britain's economic situation is facing severe challenges following the failure of Liz Truss's mini-budget policy, and a series of fallouts is affecting the UK. After taking office, the Rishi Sunak government's policy direction should be necessary for workers' lives. This article focuses on the Labour market and analyses the factors contributing to the current state of the UK labour market. Economic development and labour interests should be balanced. The article is mainly based on qualitative analysis and economics theories. Data are sourced from the UK’s Office for National Statistics, mainstream press institutions, the Institute for Fiscal Studies, etc. In conclusion, the policies are suggested to ensure the interest and basic living standard of laborer’s as it is better for long-term development and future construction.

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