‘Own goal’ – City chiefs warn Healey higher bank taxes hurt jobs outside London Economics Top City chiefs are launching last-ditch attempts to stop a punishing tax raid on banks at the Budget, warning the move will hurt jobs and growth outside of London. Rain Newton-Smith, the chief executive of the CBI, is set to warn Chancellor John Healey that increasing taxes on banks would be an “own goal for [...]
Tories call for urgent action on youth unemployment in Budget Politics Shadow work and pensions secretary Helen Whately has said the government needs to “take action in the Budget” to “back businesses to employ more young people”, referring the one million young people who are not in employment, education or training (Neets). Talking to the BBC’s Laura Kuenssberg on Sunday, Whately said the Labour party have [...]
City finance jobs shrink as Budget fears add to cautious mood Economics Finance jobs in London shrunk in September as employers weighed up the raft of economic pressures and uncertainty around the forthcoming Budget. City vacancies tumbled 30 per cent to 1,200 by the end of the third quarter, compared with 1,719 in July at the start of the three-month window according to recruiter Morgan McKinley. Jobs [...]
Employers yearn for growth as jobs market stages ‘fragile recovery’ October 8, 2026 The UK jobs market is beginning to “flicker back to life,” a new report has said, after permanent and temporary placings inched up in the last month. The latest jobs report from KPMG and recruiter REC showed permanent hiring grew for the second consecutive month to a four-year high of 50.9. Meanwhile, temporary billings also [...]
I helped found Shazam, now I write crime novels: Job hopping is a joy October 7, 2026 Long gone are the days of life-long jobs and thank goodness – job-hopping is a joy, writes Shazam-investor-turned-play-director Ajay Chowdhury.
Close Brothers raises cost-cutting target as job cuts begin September 29, 2026 Close Brothers has dialled up its cost-cutting plans and said it was “well into next stage of restructuring” after revealing it would slash its headcount by around 20 per cent earlier this year. The FTSE 250 bank said on Tuesday it had delivered £36m of savings in its latest financial year, coming ahead of the [...]
Legal & General to cut 1,000 jobs by middle of 2027 September 23, 2026 Legal and General plans to cut 1,000 jobs by the middle of next year as part of a push from chief executive Antonio Simoes to create a “leaner operation”. The UK’s largest asset manager informed staff on Wednesday on email that it has begun moves to eliminate 10 per cent of its workforce. The programme [...]
Tech the only bright spot as job security fears climb to highest level since 2023 September 21, 2026 Job security for British workers has fallen to a three-and-a-half year low across all sectors other than IT and telecoms, according to new data from S&P Global’s UK consumer index. The findings, based on a panel of 1,500 UK households, show the level of job insecurity was at its highest since February 2023 as consumers continue to [...]
James Watt: Andy Burnham blames everyone but himself for the NEETs crisis September 17, 2026 Telling young people they’ve been let down by ‘the system’ is a narrative of despair that removes all agency from young people. If Andy Burnham really wants to help NEETs he should get out of employers’ way, says James Watt Andy Burnham’s recent comments about the growing number of young people not in education, employment [...]
The NEET crisis is a failure of the state, not the individual September 16, 2026 The first step in solving the NEET crisis is honesty about why so many young people are now trapped in the benefits system.