In this week's market wrap, Merryn Somerset Webb and John Stepek unpack Next’s half-year report to reveal what falling vacancies, rising applications, and higher labor costs say about jobs, productivity, and AI. They also break down the Bank of England’s rate hold, the Fed’s cut, and what diverging policies mean for growth, inflation, and investors.

https://www.nextplc.co.uk/~/media/Files/N/next-plc-v4/documents/2025/half-year-results-july2025.pdf