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      City sounds alarm on £40bn foreign M&A offensive targeting ‘cheap’ UK firms

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Labour market

  • Airport jobs at risk as Iran conflict hits flights

    Transport & Infrastructure

    Thousands of UK airport jobs are at risk as airlines cut schedules amid disruption linked to the Iran conflict, as the government is urged to support to protect workers. Ground handling firms and unions have warned ministers that the impact on employment could rival, or even exceed, the pandemic, as reduced flight volumes threaten a [...]

    The UK arm of VistaJet has fallen into the red.
  • Hiring freezes loom as business confidence remains near record low

    Business

    British business leaders are bracing for hiring freezes as headcount expectations dropped into negative territory again, according to new data from the Institute of Directors. The IoD’s economic confidence Index edged up to -64 in April from -76 in March, remaining close to historic lows.  But headcount expectations slipped to minus three from zero in [...]

    Employers remain pessimistic about hiring new staff as businesses ‘hoped for more’ from the Spring Statement, according to the REC.
  • McDonald’s targets jobless Gen Z with ‘UK’s largest work experience programme’

    Hospitality

    McDonald’s has launched the UK’s largest ever work experience programme in a major recruitment drive that will specifically target the ballooning number of young Brits that are neither working nor in full-time education. The fast-food chain will hand out some 2,500 paid placements to young workers over the age of 16 as part of a [...]

    Kemi Badenoch, Conservative leader, visiting a McDonalds restaurant, engaging with staff and patrons, highlighting leaders...
  • UK economy ‘too weak’ to suffer from sky high inflation

    April 17, 2026

    The UK economy will not suffer from a return of persistent high inflation because its labour market is too weak for staff to demand pay rises, a top investment bank has said. In a research note, Berenberg said that the government’s tighter grasp on the public finances and its rapidly deteriorating jobs market mean households [...]

  • UK suffered biggest unemployment surge in G7 

    April 16, 2026

    UK unemployment rose at a faster pace than any country in the G7, the OECD has said, with a sharp rise in joblessness particularly damaging for the youngest people.  Unemployment levels across the country rose sharply by 0.8 percentage points over the year to 5.2 per cent between the last three months of 2024 and [...]

  • Firms slash jobs at fastest pace this year and pay growth slows 

    April 13, 2026

    Businesses slashed jobs at the fastest pace in 2026 as employers also resisted giving staff big pay increases over March, research has suggested, exposing the Iran war’s damaging effects on all sides of the UK economy.  Research by the Recruitment and Employment Confederation (REC) and KPMG said there was a steeper rise in the number [...]

  • Chief executives blame sleepless nights on their own senior team

    April 1, 2026

    An angry board, a languid share price, mutiny in the junior ranks. All things you would expect the fiduciary-responsibility-bound chief executives of major listed companies to worry about. But new research suggests bosses at the helm of the world’s largest firms have a more immediate source of sleepless nights: their own leadership team. According to [...]

  • Sunak urges rethink on taxing jobs as AI begins to reshape hiring

    March 22, 2026

    Rishi Sunak has called for a rethink of how work is taxed, warning that AI is beginning to shift hiring patterns as companies weigh the cost of people against automation. Writing in The Times, Sunak said employers face immediate costs when hiring through national insurance contributions (NIC), while deploying AI carries no equivalent tax burden, [...]

  • Ex-Google executive puts AI hiring under scrutiny

    March 18, 2026

    A former Google Cloud executive has put AI hiring and its consequences under renewed scrutiny in a US courtroom. The unnamed ex-Big Tech employee’s testimony revolved around how automated, agentic systems are increasingly shaping recruitment decisions, not at the final interview stage, but much earlier, where candidates are filtered, ranked and, in many cases, excluded. [...]

  • Why this oil shock isn’t like the last one

    March 17, 2026

    The new surge in oil prices will be shaped more by political responses than by monetary policy, due to a crucial shift in the economic backdrop from the tight labor markets of 2022 to the current looser conditions, says Helen Thomas This week, six major central banks meet in quick succession, including the big four: [...]

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