Cost of living crisis prompts almost a third of UK workers to take second job July 28, 2022 Nearly third of workers in the UK are seeking to work two jobs to support themselves as the cost of living crisis sends prices of essentials soaring. 32 per cent of workers are aiming to take on a second job in addition to their current job to make more money, a national survey of 2000 [...]
Staff left in the dark leads to ‘unengaged employees’ as half of all Brits want new job, warns Aspire chief July 28, 2022 Almost two thirds businesses have not communicated with their staff about the Russian invasion of Ukraine, according to research shared with City A.M. today. While a third of businesses have spoken to their employees about the invasion of Ukraine, almost half of these businesses have not yet outlined their plans with regard to whether they [...]
UK voters’ concerns on inflation reach highest level in four decades July 26, 2022 UK voter worries on inflation are at their highest since the 1980s as the country faces a severe cost of living crisis and prices of essentials surge. The July 2022 Ipsos Issues Index by research company Ipsos showed that 45 per cent of adults in the UK view inflation as one of the most pressing [...]
Legal market slump could force lawyers back into offices, Keystone Law chief says July 21, 2022 A slump in the market for legal services could see the UK’s top law firms put greater pressure on their lawyers to return to offices and see them begin to lay off newly hired staff, Keystone Law founder James Knight told City A.M. The push could in turn benefit fully-remote law firms such as Keystone [...]
Millions of Brits looking to move abroad in search of a better life as cost of living crisis becomes unbearable July 20, 2022 A staggering 4.5m Brits are considering moving overseas for a better quality of life, as a result of the cost of living crisis and for better career opportunities. In fact, over 3.4m UK working adults say moving outside of the UK is a long-term goal of theirs, while 3 per cent admit they are actively [...]
FTSE 100 reverses early losses on strong Wall Street gains July 19, 2022 London markets whipsawed today as investors’ concerns about a bigger Bank of England rate rise were tamed by strong gains on Wall Street. The capital’s premier FTSE 100 index surged 1.01 per cent to 7,296.28 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed [...]
Steaming inflation cuts Brits’ spending power at fastest pace on record July 19, 2022 The number of Brits in full time work reached record highs in the three months to May as unemployment rates held at 3.8 per cent, official figures have revealed today.
War for talent and skyrocketing wages push fees at job giant Hays to record levels in 15 countries July 14, 2022 Recruitment giant Hays said this morning the company is benefiting from higher wages around the world as it sets up potential candidates with jobs in industries. Job numbers have been strong, leading to increased competition from companies for workers, and helping to push up pay – although often not by enough to offset runaway inflation. [...]
Demand for alternative assets to rise 46 per cent over next 12 months July 13, 2022 Demand for alternative assets is set to soar by 46 per cent over the next 12 months as rising inflation sends investor interest surging. In a survey by alternative investment platform AssetTribe and market research firm Survation, 53 per cent of the 580 investors surveyed across the UK and Europe said their appetite for alternative [...]
UK hiring boom slows as labour shortages and economic uncertainty scupper recruitment efforts July 8, 2022 The UK’s hiring boom is showing signs of coming to an end, according to new research from KPMG, which show the number new hires grew at its slowest rate in 16-months due to a lack of candidates and wider economic uncertainty. The fast-paced growth in the number of new hires has dropped off significantly [...]