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[ON DEMAND] - July economic update from Experian's Managing Economist

Rising inflation and the subsequent interest rate hikes are impacting households of all income sizes across the UK. So what exactly is going on, and how will this effect the financial wellbeing support that you offer to your employees? Experian's Managing Economist, Rebecca Snow, provides an update on the state of the UK economy as of 13th July 2023.

Watch this 15-minute webinar presented by Rebecca Snow, Experian's Managing Economist, on the state of the UK economy and how it will impact the support you provide to your employees.

Key takeaways:

  • Parts of the UK economy are doing really well, well above pre-pandemic levels. Others (such as consumer-facing services) are still vulnerable
  • A recession has been avoided until now, but slow, tepid growth is expected
  • Inflation has not come down as expected
  • Households of all income sizes are being squeezed

Watch the full video to learn more about:

  • How higher earnings and vacancies are impacting the wider economy
  • What can we expect from inflation rates for the remainder of the year
  • The impact of the current economy on your employee wellbeing initiatives

See how data can help you to understand where the vulnerabilities are in your workforce

Register for the 2023 Payroll Services Summit

How PayDashboard can help

PayDashboard's interactive cloud payday experience supports your financial wellbeing initiatives by giving employees the power to maximise their net pay. Enjoy up to 40% more engagement with your employees at a time when they are most engaged...on payday! We will soon be launching our mobile payday app which will enable you to bring employees their remuneration, pay, credit scores and access to government benefits together into one simple app. Whether your employees are office-based, remote or gig workers, the PayDashboard mobile app will boost engagement and financial resilience across your workforce.

If you are looking for ways to support your employees across the pay spectrum, get in touch with us to find out how we can support you. Want to see the platform in action? Book a demo at a time that is suitable for you and we'll do the rest.

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