Close Brothers to axe fifth of jobs after motor finance ‘wipeout’ warning March 17, 2026 Close Brothers has warned it will cull as much as a fifth of its headcount as the bank continued its aggressive cost-cutting strategy following mounting losses linked to the motor finance scandal. The FTSE 250 bank said it would axe a staggering 600 full-time roles by the end of the 2027 financial, which represents around [...]
Robert Walters ditches dividend after swinging to loss March 11, 2026 Robert Walters has ditched its final dividend after the recruitment firm’s bottom line took a major hit amid a cautious global sentiment around hiring. Revenue at the London-listed firm fell 12 per cent to £781.1m over the 2025 financial year – a drop from £892.1m. The group reported an operating loss of £14.9m, reversing a [...]
Private sector axes more jobs amid Reeves’ tax and wage pressures February 20, 2026 The UK’s private sectors culled jobs for the seventeenth consecutive month in February led by a significant drop in the services sector as businesses were still digesting the impact of Labour’s 2024 Autumn Budget. The latest flash Purchasing Managers Index (PMI) from S&P Global described the rate of job shedding in February as at a [...]
Political uncertainty leaves British businesses only planning year-to-year February 4, 2026 Businesses are seeing political change and regulatory uncertainty as a barrier to long-term workforce planning, making it harder for leaders to implement effective workforce strategies. Nearly 80 per cent of employers find themselves unable to look beyond a 12-month horizon, according to a survey of nearly 700 employers by law firm Lewis Silkin. Lucy Lewis, [...]
UK job applicants double amid AI-driven squeeze January 9, 2026 Britain’s hiring market has become more competitive than any major economy, City AM understands, as workers and recruiters struggle to adapt to AI in recruitment. Britain’s job market is entering an AI-driven bottleneck, with the number of applicants per open role having more than doubled since Spring 2022, according to data shared by LinkedIn. The [...]
Who still gets hired in the 2026 workplace? December 28, 2025 Britain’s labour market has probably never felt more precarious than it does now, as the struggling economy and the rapid rise of AI take effect. Redundancies are at their highest since the pandemic, unemployment has risen to 5.1 per cent, and entry-level opportunities, the traditional stepping stones for grads and young workers, have all but [...]
Tech hiring set to spike despite dire UK job market December 22, 2025 The UK labour market may be flashing warning signs, but demand for IT and tech professionals seems to be moving in the opposite direction. Over half of British businesses plan to expand their permanent IT and tech teams in the first half of next year, according to new research from recruitment firm Robert Half, a [...]
AI powers UK’s startup surge as founder numbers soar December 3, 2025 While Britain is trudging through another tax-heavy Budget, LinkedIn data has revealed signs of a founder boom, with AI doing much of the heavy lifting. As Rachel Reeves attempted to boost startup and scale-up appetite in her Budget, LinkedIn revealed that the number of UK professionals adding ‘founder’ to their profile has jumped 69 per [...]
Labour hopes AI will save UK economy from jobs crisis November 20, 2025 The government has announced a sweeping package of AI investment intended to create thousands of new jobs across the UK, at a time when businesses warn that rising employment costs and rapid advances in AI are already driving workforce reductions. Ministers have confirmed billions of pounds of private and public AI investment, including a new [...]
ICO urges transparency as AI transforms UK recruitment November 12, 2025 AI is rapidly reshaping recruitment in the UK, yielding companies unprecedented efficiency gains; however, regulators are warning that these benefits must be balanced with fairness and transparency to maintain public trust. William Malcolm, executive director of regulatory risk and innovation at the Information Commissioner’s Office (ICO), explained at Tuesday’s AI regulation summit: “We want organisations [...]