Doomsayers ‘proved wrong’: UK had third-fastest Covid recovery in G7, revised GDP data now shows September 1, 2023 New figures show the UK economy bounced back from the pandemic faster than had been thought.
Labour more trusted than Tories on Brexit and the economy, new poll finds August 29, 2023 Voters place more trust in Labour than the Conservatives on issues including the economy, tax policies, Brexit and unemployment, new polling has revealed. Sir Keir Starmer’s Labour Party secured a higher trust rating than the Tories on nine out of ten issues that voters were polled on by YouGov for The Times. Prime Minister Rishi [...]
Mass tech layoffs appear to be over – so when will the hiring start again? August 21, 2023 The episode of mass job cuts across the tech sector appears to have drawn to a close, with some research firms halting their regular data updates on tech layoffs. Tech analysts at Bernstein Research declared the “magnitude of tech layoffs” has settled after its peak in January, in an email sent to clients last Friday [...]
Over-50s skills gap persists as unemployment increases August 15, 2023 Skills bootcamps schemes are failing to get over-50s back onto payrolls, despite ministers prioritising older Brits returning to the workforce. Labour accused the government of not helping enough over-55s to retrain and claimed older workers were “abandoned to the scrapheap”, making up just one in 20 reskilling trainees. Adults aged 55 to 67 make up [...]
Unemployment to remain unchanged at four per cent as jobs market cooling continues August 14, 2023 Experts are expecting the slow cooling of the jobs market to continue when the Office for National Statistics (ONS) releases new data on Tuesday morning. The unemployment rate in the three months to the end of June is expected to remain unchanged at 4.0%, according to a consensus supplied by Pantheon Macroeconomics. But within this [...]
‘Great un-retirement’ underway as cost of living forces people to get back to work June 17, 2023 A “great un-retirement” could be getting under way, according to Age UK, as rising living costs force people to change their later life plans. The charity said it is continuing to hear from older people whose retirement aspirations “are being ruined by the impact of inflation”. One person told the charity: “Had to take early [...]
Labour market loosens as UK records surge in job seekers following hiring slowdown June 8, 2023 The UK’s labour market recorded a surge in candidates looking for roles last month amid a continued slump in hiring, easing the rate of starting salary inflation. The supply of labour in the UK increased for the third month in a row, with the rate of people looking for jobs increasing at its fastest rate [...]
14 million jobs set to be lost to labour market churn by 2027 – with AI contributing May 1, 2023 Almost 14 million jobs will be lost globally within the next five years as a result of stunted economic growth, advancement in smart technology and the rising cost of living, according to new research from the World Economic Forum (WEF). 83 million jobs will be lost in the next five years, while 69 million jobs [...]
May 2023 local elections: All you need to know April 4, 2023 In just over a month, voters in some parts of the UK will be heading to the ballot box for the local elections. Polling stations will open for residents to select local councillors – in what’s often seen as a key test for the government’s popularity, particularly after the turbulence of recent months. It’s also [...]
Could fixing workplace stress save the UK £28bn a year? Axa warns burnout is burning a hole the economy March 29, 2023 People taking sick days because of work-related stress or burnout is costing the UK economy £28 billion a year, according to new research which highlights the financial toll of poor mental wellbeing. More people said they were struggling in the UK than in any other nation, the survey of 30,000 adults across 16 European, Asian [...]