British Steel: thousands of jobs at risk after £500m subsidy rejected March 27, 2025 Thousands of jobs have been put at risk after British Steel announced plans to significantly reduce operations at its Scunthorpe steelworks. Up to 2,700 employees are expected to be impacted by the move which would see the closure of two blast furnaces and steelmaking operations as well as a reduction of steel rolling mill capacity [...]
Labour’s attempt to use AI to power budget cuts is damaging. Here’s why March 26, 2025 The UK government is beginning to introduce AI tools for deep research, framing the technology as a tool to reduce costs and improve efficiency. Bank of England governor Andrew Bailey announced on Tuesday that Rachel Reeves needs AI to ‘move the needle’ on economic growth. Yet, tying AI to Reeves’ budget cuts risks discouraging its [...]
UK jobs cuts accelerate as firms fret over stagflation March 5, 2025 UK service firms are cutting jobs at the sharpest rate since November 2020 as fears about the state of the economy spread. S&P Global’s latest UK Services PMI, which measures business activity in the services sector, found that 24 per cent of firms cut their employees in February, compared to only 13 per cent which [...]
Employer confidence heading in the ‘wrong direction’ as firms plan job cuts February 17, 2025 A new survey suggests that more firms are planning job cuts in the next quarter than at any time in the last decade, excluding the pandemic. The latest labour market outlook from the Chartered Institute of Personnel and Development’s (CIPD) paints a bleak picture of the labour market, as firms plan job cuts in response [...]
Direct Line considers cutting 550 roles as motor market remains ‘challenging’ November 11, 2024 Direct Line is considering cutting around 550 roles as the insurance broker battles with "challenging" market conditions.
How did Burberry get stuck in the trenches? July 13, 2024 Burberry has struggled to compete with its luxuary peers over the past couple of years.