West Midlands Economic Impact Monitor

Apr 2025

Insights West Midlands

Working with City Redi, this monitor aims to pull together information across regional partners to understand local economic developments and disseminate local research. Where possible it will utilise all forms of quantitative and qualitative intelligence. However, we urge caution in the use of the contents as this is an emerging data and policy.

Concerns about geopolitical risks and further fragmentation of the global economy are leading to policy uncertainty and a weakening of business and consumer sentiment. In the Spring Statement the UK Chancellor of the Exchequer announced welfare reforms and civil service cost cuts, alongside an increase in defence spending. Businesses and households are facing increasing bills from April 2025. The West Midlands Employment Index is showing the fastest rate of job shedding in over four years but the West Midlands Future Business Activity Index displays an increase in confidence.

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