Wage growth hits five per cent as more jobs shed August 12, 2025 Wage growth hit five per cent June as more jobs were shed due to higher labour costs introduced by Chancellor Rachel Reeves, official data has revealed. Pay growth excluding bonuses in the three months to June was the same as the month before, according to the Office for National Statistics (ONS), in a caution to [...]
UK economy expected to rebound August 11, 2025 The UK economy is expected to have returned to growth in June after two consecutive months of declines amid concerns about the impact President Donald Trump’s tariffs have had on the economy. Economists polled by Bloomberg expect the Office for National Statistics (ONS) to post UK growth of 0.2 per cent for June when the [...]
UK fintech investment slumps despite push from Rachel Reeves August 11, 2025 Fintech investment across the UK suffered another downturn in the first half of the year despite Chancellor Rachel Reeves’ bold ambitions for the sector. Total UK fintech investment fell to $7.2bn (£5.36bn) – a drop of five per cent from the same period in 2024. The decline, revealed in KPMG’s bi-annual Pulse of Fintech report, [...]
Economy faces ‘midlife crisis’ as benefit claimants hit new high August 10, 2025 The economy faces a “midlife crisis” after a fresh study revealed the number of jobless benefit claimants aged 50 or older has reached nearly two million for the first time. A new report from the Centre for Social Justice (CSJ) has shown the number of 50 to 64-year-olds who are out of work and claiming [...]
Over 100 civil servants set to be axed in cull of security teams August 10, 2025 More than a hundred jobs could be cut from the organisation in charge of vetting people for security clearance as the Government looks to slim down the Civil Service. The Cabinet Office has proposed reducing the staff at UK Security Vetting (UKSV) to 780 full-time roles, down from its current level of just under 900, [...]
Interest rates likely to remain higher for longer August 8, 2025 Markets are indicating interest rates are set to stay higher for longer than expected after the Bank of England’s “hawkish cut” and gloomy inflation and growth forecasts shocked City analysts. Prior to the Bank’s interest rate cuts, markets had all but priced in a further 25 basis point cut by the end of the year, [...]
Bank of England: Future of interest rate cuts now ‘more uncertain’ August 7, 2025 The future of interest rate cuts is now “more uncertain” as the Bank of England suggested it was more worried about inflation ticking up higher than expected. In its decision on Thursday, the Bank voted 5-4 for interest rates to be cut by 25 basis points to four per cent. But the Bank now believes [...]
Entrepreneur slams No 10 wealth grab – despite getting taxpayer-backed loan August 6, 2025 The founder of a hot tub and plunge pool business has said he understood why “the masses” were leaving Britain and was accelerating plans to do so himself, despite his firm recently receiving a taxpayer-funded loan to fuel its international expansion. Rob Carlin, who runs Derbyshire-based spa company Superior Wellness, blamed a succession of punitive [...]
Wealth exodus ramps up as bosses quit UK August 6, 2025 A wave of company directors have left the UK since the government unveiled a host of punitive tax rises on the wealthy at its maiden Budget last autumn, exacerbating fears that a wealth exodus of Britain’s most affluent residents is afoot. According to an analysis of Companies House data, 3,790 company directors removed Britain as [...]
Government weighs offering HR vouchers to small businesses over employment rights changes August 6, 2025 The government is weighing offering free HR advice to small businesses as it braces for the fallout from measures contained in its forthcoming Employment Rights Bill, City AM can reveal. The Department of Business and Trade is understood to be considering a voucher scheme in which firms would be given time with HR specialists to [...]