Public sector net borrowing records second highest September ever October 21, 2021 The UK public sector net borrowing (PSNB) was £21.8bn in September 2021, the second highest September borrowing since monthly records began in 1993 and only £7bn short compared with September last year. Comparing financial years to September, data from the Office of National Statistics (ONS) also highlighted that PSNB in September 2021 came in second [...]
End of furlough to induce a job market ‘recalibration’ as Brexit requires reset October 20, 2021 The end of furlough is set to induce a “significant recalibration of the jobs market” according to a restructuring expert. Chris Newell, managing director at business advisory firm Quantuma predicts that, as the Coronavirus Job Retention Scheme has ended, businesses across the country face the prospect of “tough decisions” around redundancies in the coming weeks. [...]
600,000 new jobs in last six weeks as number of vacancies climbs to 2.3m October 16, 2021 Growth in job adverts has continued and there are now 2.29 million vacancies on offer, according to new research shared with City A.M. today. The Recruitment & Employment Confederation said the number of job postings increased by more than 600,000 since the last week of August, including 235,000 new adverts online last week. The growth [...]
The Christmas ship may have sailed warn delivery experts post Felixstowe bottleneck October 13, 2021 The Christmas ship might have already sailed, as Felixstowe’s massive bottleneck is causing container ships loaded with Christmas gifts to be redirected towards EU ports. According to home delivery company Parcelhero, the next two weeks will be critical for retailers as shipping companies are doing everything they can to allow warehouses to be fully-stocked in [...]
Vehicles are the UK’s most valuable export as revenues reach £27bn October 12, 2021 UK export revenues for vehicles have reached £27bn in 2020, making vehicles Britain’s most valuable trade good. In a report published today, the Society of Motor Manufacturers and Traders (SMMT) highlighted how the British automotive sector kept on generating revenue even during the Covid-19 pandemic. As a whole, the country’s industry produced a £74bn total [...]
Better connectivity will remove 750,000 lorries off Britain’s roads October 11, 2021 Improving transport connectivity in the UK could save up to 27.8 megatonnes of CO2 emissions by 2035, the equivalent of taking 750,000 lorries off the country’s roads. In a report published today, communications industry analyst Assembly showed that connectivity will play a huge part in the UK’s transition to carbon neutrality. Directly enhancing the connectivity [...]
‘Shocking’ transport gap revealed between north and south of UK October 8, 2021 UK think-tank Onward has revealed a staggering gap between the north and south of the UK when it comes to the number of jobs that are easily reachable by car and public transport. Mapping those jobs that can be reached within an hour’s drive or a 90-minute commute, researchers found that some parts of England [...]
Prime Ministerial endorsement: Cognizant zooms in on UK with 2,500 new hires September 20, 2021 The Prime Minister has today announced that global consultancy Cognizant will expand its digital UK workforce by 35 per cent over three years. The announcement comes as Boris Johnson hailed the UK’s “tech revolution” in “creating jobs, driving growth and boosting investment across the country,” and at the start of London Tech Week. The move [...]
Wave of redundancies looms for older workers as furlough nears end September 14, 2021 Research suggested that 31,000 workers aged 50 or over were made redundant between May and July. Now fears are growing of a wave of redundancies among over 50-year-olds when the Government’s furlough scheme ends. The unemployment rate for 50 to 64-year-olds has increased from 2.8 per cent to 3.4 per cent since the start of [...]
One in four parents worried ending furlough will hit their jobs July 22, 2021 With the furlough scheme set to end in September, many families are left worried about finances; as 41 per cent of families with children believe the Government should extend the scheme because of the financial hardships they may face. 25 per cent of parents are concerned that the end of furlough will hinder job prospects, [...]