Services sector cuts jobs and hikes prices after Reeves’ tax raid Economics The UK’s services sector has turned to hiking prices and shedding workers in an effort to balance the books in the face of rising cost pressures from government policy. Businesses activity picked up for the tenth-consecutive month in February, according to the latest Purchasing Manager’s Index (PMI) from S&P, but came amid a “solid” amount [...]
City veteran Lord Rose: UK is ‘at the edge of a crisis’ News Lord Stuart Rose has launched a scathing attack on the government’s economic strategy, claiming the UK is “at the edge of a crisis.” The City veteran told Times Radio: “I think we should all be worried about the state of Britain today. “Now, I am absolutely an optimist in my life. I’ve been working for [...]
Rachel Reeves told to ‘get out of the way’ ahead of Autumn Budget Business Chancellor Rachel Reeves has been told to “let businesses get on with it and get out of the way” ahead of delivering her second Autumn Budget in the coming months. A group of 1,500 private business leaders surveyed by KPMG said the Chancellor should focus on promoting higher wages and lower costs for companies. They [...]
The death of deep thinking: What generative AI is doing to your future team May 27, 2025 AI is reshaping education at a structural level, but the implications are beginning to show beyond lecture halls. Tools like ChatGPT become embedded in academic routines, students are increasingly outsourcing the work of ideation, synthesis and long-form writing to machines. What used to be learned slowly, through the hard graft of writing and revising, is [...]
The Debate: Should companies publish salaries on job ads? February 26, 2025 Is salary transparency an obvious help for jobseekers, or are there hidden downsides? Our writers to hash it out in this week’s Debate.
Autumn Budget 2024: Taxes rocket by £40bn as employers told to pay more October 30, 2024 Rachel Reeves has hiked employers’ national insurance contributions (NICs) by 1.2 per cent, as she delivered the Labour government’s first Autumn Budget in office, which saw taxes rise by a record £40bn and government borrowing increase. The Chancellor unveiled the rise – which is set to see the levy hit 15 per cent for firms [...]
Reynolds refuses to rule out raising employer national insurance rate October 13, 2024 Jonathan Reynolds has refused to rule out raising employers’ National Insurance (NI) contributions in the Budget.
The jobs market is already in trouble – loading employers with new regulations won’t help September 25, 2024 Jobs postings have declined for the 26th month in a row. This isn't the time to disincentivise hiring, writes Reed CEO James Reed.
‘Strike right balance’ on flexible working, business groups urge Labour September 17, 2024 Ministers must allow firms to “strike the right balance” on flexible working, business lobby groups have urged. It comes after business secretary Jonathan Reynolds told The Times alternative work schedules “contribute to productivity” and could be “significant” in tackling regional inequality issues, amid debate over the government’s proposed plans for workers’ rights reforms. He said, [...]
PwC UK orders staff to spend more time in office and meet clients in person September 5, 2024 PwC UK has ordered staff to spend more time in the office and meet clients in person, as the accounting giant becomes the latest firm to adopt tighter rules on working from home. The Big Four firm told its employees and partners on Thursday that its new hybrid working policy would require them to spend [...]