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employment costs

  • Specialist tech recruiter sees hiring slump across UK and Europe

    June 16, 2026

    A specialist recruiter in science, technology and maths has posted a slump across its UK operations as the hiring market continues to cool. Workforce consultant SThree recorded a 19 per cent drop in net fees across the UK, which refer to costs paid by an employer to fill a vacancy. Total takings in the UK [...]

  • Government should fix ‘stubbornly weak’ growth with policy test, industry body argues

    June 15, 2026

    The British Chambers of Commerce (BCC) is calling on the government to break decades of low economic growth by introducing a new delivery test, as businesses continue to slash investment under the burden of mounting costs. In the BCC diagnoses, the UK’s growth problem is not a lack of potential but a failure to turn [...]

  • Jobs slump as economy ‘held up by uncertainty’

    June 8, 2026

    The UK jobs market has been handed another blow as businesses ditch permanent hires as the economy battles against domestic and international uncertainty. The latest jobs report from KPMG and REC, the professional body for recruiters, showed hiring for permanent places dropped to a reading of 44.1 in May, which sits below the neutral 50 [...]

  • Zero-hour crackdown could wipe out seasonal work, Labour warned

    June 2, 2026

    Labour has been warned that its controversial crackdown on zero-hour contracts could eradicate seasonal work and put even 20-hour contracts under threat. The government has said it could class 20-hour weeks as a low-hour contract and force firms to offer permanent terms after as little as 12 weeks of work. Retail and hospitality firms have [...]

  • If Labour can’t cut taxes it could at least make them simpler

    May 12, 2026

    Britain’s tax code is now among the most complicated in the world and businesses are left grappling with arbitrary distinctions that consume time and money. The King’s speech is a chance to reset the conversation, says Alan Vallance Ahead of the King’s Speech, the government faces a stark choice. It can continue layering new rules [...]

  • ‘Devastating’ tube strikes: Pubs brace for 40 per cent sales hit

    April 20, 2026

    London’s pubs and restaurants are bracing for a knock of as much as 40 per cent of daily sales from this week’s tube strikes as industry leaders warn of the “devastating” impact on hospitality. The capital’s hospitality industry is set to be the hardest-hit from the industrial action, which is due to begin at noon [...]

  • Easter boosts high street footfall but retailers hold their breath

    April 10, 2026

    Retail footfall jumped in March as Easter boosted shopping activity, but business leaders fear tax and employment costs could yet cause havoc. Total footfall in the UK increased by 2.4 per cent last month, according to trade body the British Retail Consortium (BRC), offering a welcome boost for retailers after wet weather drove shoppers away [...]

  • Energy bills threat recedes but retail and hospitality remain on brink

    April 8, 2026

    Retail and hospitality leaders are optimistic that the Iran-US ceasefire could spare them from the worst energy bill shocks, but are urging the government to address an array of other cost pressures. British businesses had warned that the soaring energy prices caused by the war in the Middle East could be devastating if the conflict [...]

  • ‘I fired the board that fired me’: TGI Fridays boss on restaurant turnaround

    April 8, 2026

    TGI Fridays had its heyday in the 1980s but slumped into administration last year. Its new boss Ray Blanchette tells Felix Armstrong the nostalgic chain can win back Britain after a period in turmoil. “I land at Heathrow and jump in a cab. The plane got in late,” says Ray Blanchette, recalling the day he [...]

  • Two-thirds of hospitality firms to cut jobs as April tax rises ‘suffocate’ sector

    April 1, 2026

    Two-thirds of hospitality businesses will be forced to cut jobs and one in seven will shut altogether as a direct result of “suffocating” April tax rises, leading trade bodies have found.  More than half (51 per cent) of hospitality firms will cancel investment plans and 42 per cent will reduce trading hours, according to a [...]

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