Close Brothers raises cost-cutting target as job cuts begin Banking 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 Investing 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 Business 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.
Shadow Chancellor: 200,000 jobs have already been lost under Labour September 16, 2026 Labour’s economic policies are damaging the UK economy and driving up unemployment – only Conservatives can restore growth, says Andrew Griffith If the UK economy were a malfunctioning car, the dashboard would be lit up like a Christmas Tree. This morning’s labour market figures are the latest set of accounts for Labour’s economy, and I [...]
Stop hiring on ‘instinct’ September 11, 2026 Relying on your gut to make hiring decisions isn’t bold or gutsy, it’s lazy and negligent, writes Filip Pesek.
FTSE boss calls on City businesses to hire former offenders September 9, 2026 Beazley chief executive Adrian Cox has encouraged City business leaders to hire ex-offenders as he believes in “looking beyond convictions and recognising potential”. The boss of the FTSE specialist insurer, which agreed to be acquired by Zurich Insurance for approximately £8.14bn earlier this year, said: “City employers can transform lives while strengthening their organisations’ access [...]
UK jobs seekers rise despite recovery in permanent hiring September 7, 2026 Rising redundancies and heightened employment insecurity drove a sharp increase in UK job seekers in August despite the permanent hiring market showing its first signs of recovery in nearly four years. Total staff availability rose at its fastest rate in three months as Brits hunting for roles flooded the market. This influx was triggered by [...]
Sorry Elon, universal basic income won’t solve the AI jobs apocalypse August 28, 2026 Traditionally left-wing economists, universal basic income has now found unlikely support in Silicon Valley as AI threatens to wipe out jobs.