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      UK labour market weakens as hiring and pay growth cools

      New job postings were also considerably lower on the year, with an 11 per cent decline across the country highlighting bosses’ fears of extra taxes and red tape hitting businesses.

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      Why Winter Olympians make good City entrepreneurs

      GettyImages 2260187342 featuring a professional business meeting with diverse executives discussing corporate strategies

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unemployment

  • Kellogg’s puts 360 UK jobs at risk with plans to close factory

    February 8, 2024

    Kellogg's has put hundreds of UK jobs at risk after revealing plans to close one of its major factories.

  • Bank urged to ‘release brake pedal’ as starting salary inflation drops to 34-month low

    February 8, 2024

    Starting salary inflation slipped to its slowest rate since March 2021 and was comfortably below the series average

  • Reneuron issues administration warning as biotech firm puts jobs at risk

    February 5, 2024

    Biotech business ReNeuron Group has warned it could enter administration and is preparing to make redundancies as its shares were suspended from trading.

  • Unemployment lower than previously thought according to ONS following revamp of data collection

    February 5, 2024

    The ONS has been forced to improve the accuracy of its flagship Labour Force Survey after falling response rates raised questions about the accuracy of the data.

  • Heather Mills hits back after striking rescue deal for collapsed vegan food firm VBites

    January 22, 2024

    Heather Mills's vegan food business owed more than £10m when it collapsed into administration at the end of 2023, new documents have revealed.

  • Men are working much less than they used to. Women are picking up the slack.

    January 22, 2024

    Growth could be supported by a "continuing recovery in average hours to pre-pandemic levels," the ONS said. In other words, men need to get back to work.

  • How one manufacturer collapsed into administration owing over £100m before being rescued

    January 16, 2024

    The story of how a group that manufactured buses and police cars collapsed into administration owing more than £100m and led to over 150 people to lose their jobs has been revealed for the first time.

  • Princes falls to £50m loss and makes further redundancies as potential sale looms

    January 16, 2024

    Food giant Princes cut over 150 jobs while slipping to a loss of more than £50m despite its revenue rising by £300m, new documents have revealed.

  • Wage growth continues falling as signs emerge of loosening labour market

    January 16, 2024

    Policymakers at the Bank have repeatedly stressed that further progress is needed on wage growth to justify loosening policy.

  • UK jobs figures bolster case for interest rate hold but ‘experimental’ unemployment data ‘difficult to trust’, analysts say

    December 12, 2023

    The latest UK jobs data has bolstered the case for the Bank of England to hold interest rates on Thursday, according to analysts, as the labour market shows signs of cooling but inflationary pressures still remain.

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