Top brass enjoy bigger pay rise than employees Economics Executives and senior officials enjoyed a larger pay rise than their juniors between 2025 and 2026, an analysis of official data has shown, even as the national minimum wage was hiked. An analysis of pay growth by the Office for National Statistics has shown that median weekly earnings grew by 6.7 per cent for managers, [...]
Job vacancies fall below 700,000 for first time in over five years Economics Job vacancies have fallen below 700,000 for the first time in over five years, official data has shown, as the UK labour market continued to show signs of weakening. The Office for National Statistics (ONS) said vacancy levels decreased in the three months to September by 21,000. It means the number of job vacancies stood [...]
Interest rates look set to be held amid bond market pressure Economics The Bank of England is expected to leave Interest rates unchanged even as bond traders raised expectations for upcoming hikes and the Federal Reserve opted to tighten monetary policy in the US. The Bank’s nine-member Monetary Policy Committee is expected to back leaving interest rates at 3.75 per cent although policymakers are set to be [...]
Starmer ally defends minimum wage quango after Sunak calls for it to be axed June 9, 2026 Welfare secretary Pat McFadden has leapt to the defence of the minimum wage quango after former Prime Minister Rishi Sunak called for the body to be axed. The top ally of Sir Keir Starmer told City AM it “would be a mistake” to abolish the Low Pay Commission (LPC), an independent body that advises the [...]
Firms slash jobs at fastest pace this year and pay growth slows April 13, 2026 Businesses slashed jobs at the fastest pace in 2026 as employers also resisted giving staff big pay increases over March, research has suggested, exposing the Iran war’s damaging effects on all sides of the UK economy. Research by the Recruitment and Employment Confederation (REC) and KPMG said there was a steeper rise in the number [...]
Minimum wage hike puts pressure on professional starting salaries November 3, 2025 With Rachel Reeves poised to raise the minimum wage in her Autumn Budget, mid-tier professional services firms are bracing for significant impacts across the sector. As reported last week, the Budget will likely see employers forced to raise workers’ wages from £12.21 to at least £12.70 an hour. However, for businesses, especially those in the [...]