EY planning senior partner layoffs – reports March 17, 2025 Big four firm EY is set to lay off dozens of senior partners in its most significant redundancy plan in decades amid a slowdown in consultancy spending
‘Ominous’: UK manufacturing declines amid tax and trade fears March 17, 2025 UK manufacturing output fell during the first quarter of the year for the first time in a decade, as fears over a global trade war and rising taxes hit firms. Output fell one per cent in the first three months of 2025 after a 20 per cent rise in the quarter before, with UK orders [...]
Quarter of young workers considering quitting the workforce March 17, 2025 A quarter of British 18-24 year olds have considered leaving the workforce in the last year in a sign of the increasing impact of economic inactivity spreading across the UK. Among all UK workers, 10 per cent are currently actively considering leaving work for an extended period, with a further 20 per cent having considered [...]
UK housing market returned to growth in 2024 March 17, 2025 The value of the UK housing market returned to growth last year after mortgage rates dropped and affordability constraints eased. According to Savills, the total value of the UK housing market expanded by 6.3 per cent in 2024 to £379bn. The increase in spending on housebuying was fuelled by first-time buyers, who collectively increased their [...]
Central London’s office market outperforms New York and Hong Kong March 17, 2025 London’s office market has outperformed global peers after a fall in availability of new stock pushed prices to record highs last year. The City of London and the West End achieved prime rental growth of 11.6 per cent and 9 per cent last year, respectively, helped by a city-wide vacancy rate of 6.6 per cent. [...]
Reeves ramps up pressure on regulators in plan to slash red tape March 17, 2025 Chancellor Rachel Reeves has summoned regulators to Downing Street today as part of the government’s plan to slash red tape. At the meeting, Reeves will announce further detail on how the government will be cutting regulations, while setting out plans to slim down or abolish regulators. “Today we are taking further action to free businesses [...]
‘Nothing is off the table’ as Badenoch set to renew policy offer March 16, 2025 The Conservatives will begin the process of formulating new policies this week as Kemi Badenoch seeks to rebuild her party after its defeat last year. A Conservative source said “nothing is off the table” in a process that starts on Tuesday and will see Badenoch task her shadow cabinet with coming up with proposals they [...]
Russian confrontation with peacekeepers ‘would be an extraordinary escalation’ March 16, 2025 Russian soldiers confronting British troops in Ukraine would be an “extraordinary escalation”, a minister has said as talks continue on a possible Western peacekeeping operation. Wes Streeting suggested on Sunday morning that the prospect of such a confrontation would be sufficient to deter Russia from breaching any ceasefire agreement reached with Ukraine. He told Sky [...]
MHA to target retail investors in £350m London Stock Exchange IPO March 16, 2025 Accountancy firm MHA is set to launch an IPO on London's junior stock market AIM, with a plan to bring in £6m from retail investors.
Health Secretary declines to be drawn on benefit freeze ‘speculation’ March 16, 2025 A senior minister has declined to be drawn on whether the government will freeze personal independence payment (PIP) as uncertainty continues to surround Labour’s upcoming benefits reforms. Work and Pensions Secretary Liz Kendall is expected to announce reforms on Tuesday aimed at cutting a welfare bill that ministers have described as “unsustainable”. Ahead of the [...]
