UK economic growth hit pre-pandemic levels in November January 14, 2022 The UK’s economy sped up growth in November, before the Omicron variant struck, pushing above pre-pandemic levels for the first time.
Demand for staff swelling: Frantic recruitment efforts as vacancies climb but job candidates dry up January 13, 2022 Demand for staff is growing across the country amid a continued fall in the number of candidates for jobs, new research suggests. Recruiters warned this morning they are placing record numbers of permanent and temporary workers into jobs as demand for staff continues to grow across the country. Meanwhile, the number of available job candidates [...]
Freezing personal allowance and higher rate tax rates will push 1.2m Brits over 40 per cent tax threshold January 7, 2022 New research shared with City A.M. this morning shows that over one million more people will pay a higher tax rate by 2026. The analysis by the House of Commons Library – first published in The Daily Telegraph – says around 1.2m additional workers will find their earnings going over the 40 per cent tax [...]
Combination of Covid, Brexit and transition towards net-zero economy to end decades of declining ‘job churn’ in UK January 6, 2022 Decades of declining “job churn”, which has meant fewer risks and opportunities for workers, is likely to be upended in the decade ahead as the combination of Covid-19, Brexit and the transition towards a net-zero economy brings about major changes in the UK economy, according to a new report. In fact, the view that robots [...]
Half of all UK small businesses to raise prices this year while a third plan redundancies now furlough has ended January 1, 2022 Half of small and medium-sized enterprises in the UK plan to raise their prices this year, with supply chain disruption being the key driver. Moreover, one in three owner-managed businesses plan to make redundancies now the safety net of furlough has been removed, according to new research shared with City A.M. this morning. Those businesses [...]
Staggering 60 per cent of UK employees plan to find new job in 2022 with salary not the most important driver December 29, 2021 The so-called Great Resignation is set to continue into 2022, with a staggering 60 per cent of employees planning to leave their jobs in the next 12 months, according to a new survey shared with City A.M. This is largely a result of over 80 per cent of UK employees feeling less connected to their [...]
2021 in review: Furlough is government’s big success story, but Rishi Sunak’s £69bn lifesaver comes at a price December 27, 2021 Furlough has become a household word in recent years. The scheme that protected the jobs of nearly nine million Britons at its peak has been hailed as the big success story of the Government’s Covid support measures as the jobs market rebounds at an impressive pace. The warnings of soaring joblessness that struck fear into [...]
UK to remain one of the top six global economies post-Covid, says CEBR report December 26, 2021 The UK will stay as one of the top six global economies for the next fifteen years, according to a new forecast published by the CEBR.
Labour market squeeze: UK unemployment rate falls to 4.2 per cent as vacancies soar to 1.2m December 14, 2021 The UK unemployment rate decreased by 0.4 percentage points on the quarter to 4.2 per cent for the three months to the end of October. A rise in more part-time work is partly behind the fall, according to Office for National Statistics data out this morning. Young people, a group that bore the brunt of [...]
UK exports to provide £176bn boost despite supply chain challenges December 9, 2021 UK manufacturing exports will bring in £176bn to the domestic economy, according to new research from financial giant Barclays.