Private sector axes more jobs amid Reeves’ tax and wage pressures Economics 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 [...]
Unemployment hits post-pandemic high as wage growth slips Economics The labour market continued to loosen in the final quarter of last year, official figures show, with wage growth easing and unemployment climbing steadily higher. The rate of joblessness crept up to 5.2 per cent between October and December, according to the Office for National Statistics (ONS), the highest level since early 2021 and slightly [...]
London hiring plunges as Rachel Reeves’ tax grab weighs Economics London hiring has suffered a steep drop as rising costs weigh on employers following Rachel Reeves’ tax grab. Permanent staff places in the capital – hires with no fixed end date – fell at the sharpest rate in 22 months in June. Meanwhile, temporary bills, which track the total income recruitment agencies earn from placing [...]
Exclusive: Coinbase to ‘hire like crazy’ in the UK June 11, 2025 Coinbase is ramping up its UK presence with plans to hire more staff and deepen investment, as the country moves towards a new era of crypto regulation and increasing mainstream adoption. “We’re going to be hiring like crazy in the UK”, Coinbase’s UK lead Keith Grose told City AM, before adding that London will continue [...]
UK resilience buoys Robert Walters amid global hiring slowdown April 15, 2025 Recruiter Robert Walters reported a tough first quarter of 2025, amid a global hiring slowdown and persistent economic uncertainty weighing heavily on recruitment activity. The group cited a combination of cautious employer sentiment, escalating trade tariffs, and shifting economic landscape as key factors disrupting the field. Despite the broader slowdown, the UK was the group’s [...]
Adzuna falls into the red amid hiring slump March 18, 2025 Jobs website Adzuna has fallen into the red as its sales were slashed by a third after battling a “turbulent” economy and a fall in hiring activity. The London-headquartered business has reported a pre-tax loss of £276,797 for the 12 months to 30 June, 2024, after it achieved a pre-tax profit of £1.5m in the [...]
Robert Walters blames Budget uncertainty for slump in UK fees October 15, 2024 Recruiter Robert Walters has posted a slump in net fee income as economic and political uncertainty dragged on hiring in the UK and Europe.
Hays results ‘lay bare’ UK recruitment crisis August 22, 2024 Recent results from the UK’s leading recruitment firms have been, quite frankly, dismal: profit has collapsed across the board as firms struggle to stay afloat amid a sharp downturn in the market. The sector boomed in 2020 after the tech sector led to a surge in hiring, and increases in wage offers helped attract new [...]
Pagegroup slashes more roles as recruiter feels the pain of slow rebound July 9, 2024 Pagegroup said that tighter recruitment budgets have led to companies becoming more risk averse to new hires, which has slowed the recruitment process.