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Recent Editions
Human Times
North America
U.S. services activity slowed in December, with the S&P Global Services PMI falling to 52.5 – its weakest reading since April, but above the 50-mark separating expansion from contraction – as new business inflows and hiring momentum faded. Export demand contracted sharply, and employment growth stalled for the first time in nine months. Rising input costs and tariffs drove the fastest increase in service prices since August, while business confidence softened amid growing concerns over policy, affordability, and economic resilience heading into 2026.
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Human Times
UK
Employers are preparing for layoffs as payroll costs rise, according to the Institute of Directors' monthly business confidence survey. Headcount expectations fell from -17 in November to -21 in December, indicating a potential increase in unemployment. Anna Leach, chief economist at the IoD, commented: "Hiring freezes remain widespread, amidst concern over further cost increases." Business confidence remains low, with a score of -66, reflecting ongoing economic challenges. When asked what would have the greatest impact on business confidence in 2026, Leach said "top of the list were a lower tax burden and scaling back the proposed changes to employment law." She added: "More promisingly, improvements in regulation, trade deals with the EU, lower tax complexity and lower business costs were also high up the list – areas where the government has stated ambitions and where tangible progress could begin to rebuild confidence."
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Human Times
Europe
Research for the Telegraph suggests that a number of high-paid workers in the UK are turning down promotions, cutting hours or donating to charity to avoid a £100,000 (€115,000) tax threshold. The analysis saw 43% of managers say they or their employees have deliberately reduced income to avoid punitive tax rates. Frozen thresholds and growing awareness of a tax trap which removes childcare benefits and tapers the personal allowance - creating effective marginal tax rates of 62% - have led many to boost pension contributions, use salary sacrifice schemes, cut hours, turn down promotions, retire early or donate to charity. Economists, tax experts and NHS leaders warn the cliff edge is irrational and damaging productivity. Petra Wilton, from the Chartered Management Institute, said: "When employees make those decisions, organisations lose experience and valued leaders, and teams feel the impact immediately."
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Human Times
Middle East
The UAE's Ministry of Health and Prevention (MoHAP) has published the National Health and Nutrition Survey 2024-2025, revealing critical insights into the health of the UAE population. The survey, endorsed by the World Health Organization, assessed health behaviours, dietary patterns, and risk factors for non-communicable diseases. Ahmed Ali Al-Sayegh, Minister of Health and Prevention, said: "These findings provide a clear, evidence-based picture of population health trends." The survey aims to inform health policies and enhance preventive care, and contribute to the UAE's Sustainable Development Goals. Data was collected from 20,000 households, so ensuring broad representation.
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