Flying high: 10,000 UK jobs supported as BAE Systems cashes in with £500m order for Spanish fighter jets Typhoon order Thousands of UK jobs will be supported thanks a mammoth order from Spain for a new fleet of 20 fighter jets, with BAE Systems cashing in £500m of a £1.5bn contract. The major purchase to expand Spain’s armed forces was announced in Berlin this week, and will increase the number of Typhoons in Europe to [...]
Google searches for ‘remote jobs’ explode by more than 260 per cent as UK crippled by train strikes flexible working There has been an explosion in searches for ‘remote jobs’ in wake of recent train strikes by more than 260 per cent. New analysis of Google search engine figures show the term has been searched at the highest level in UK internet history. This is despite politicians such as Brexiteer Jacob Rees-Mogg and host of [...]
30 per cent spike in insolvent companies as firms hit by rising costs and falling consumer spending economic struggles The quadrupling of interest rates since December has tipped thousands of companies into insolvency, with a 30 per cent spike in the last three months. Almost 6,000 firms have gone down according to Mazars, the audit and tax specialists, up from 4,578 inn the previous three months. This comes after the Bank of England raised [...]
6.5m Brits looking to leave job in next year as employers are urged not to treat pay rises as ‘silver bullet’ June 20, 2022 A fifth of people are looking to leave their job in the next 12 months, with pay and quality of employment the key drivers. In a post-pandemic environment, it is estimated that 6.5m are looking to move on in search for higher wages, better benefits and work-life balance. A survey of 6,000 people in the [...]
Money Spotlight: The reasons your real pay is dropping like never before June 19, 2022 Britons saw their basic pay fall at the fastest pace on record in April due to soaring prices. More pain is in store for UK households as inflation is set to hit further eye-watering peaks later this year. The Office for National Statistics (ONS) said yesterday that regular wages excluding bonuses plunged by 4.5 per [...]
Solving worker shortages is UK’s ‘national challenge’ June 17, 2022 Solving chronic worker shortages that are hamstringing businesses from reviving the economy is “our national challenge,” according to the chief of the UK recruitment industry’s trade body. A shallower pool of workers, mainly the result of long-term sickness caused by Covid-19, people retiring early and younger Brits heading back into education, is resulting in firms [...]
Exclusive: Almost a quarter of firms have let staff go due to pandemic with a fifth now hiring freelancers June 16, 2022 Workers are increasingly entering unstable work patterns due firms cutting cut staff and replacing them with freelancers. Research published today and shared exclusively with City A.M. reveals 23 per cent of business owners have let permanent staff go this year, while a fifth are going for more flexible workers. The data showed 42 of freelancers [...]
Uber calls on rivals to offer employment benefits as Bolt faces trade union lawsuit June 15, 2022 Uber has called on its rivals to give drivers employment benefits, after one of the UK’s biggest unions said it is taking legal action against ride-hailing app Bolt over its lack of workers’ protections. Britain’s third largest trade union, GMB, is set to file legal proceedings against Bolt, in a bid to force the Estonian [...]
Brits’ living standards drop at quickest pace in over a decade June 14, 2022 Brits’ living standards are falling at the fastest pace in over a decade caused by historically high inflation outstripping pay, reveals official figures published today. Take home pay, accounting for price rises, dropped 2.2 per cent over the three months to April, the steepest fall since 2011, according to the Office for National Statistics (ONS). [...]
Canadian bank CIBC subjected senior exec to racial and sexual discrimination, lawsuit says May 30, 2022 An ex-senior banker at one of Canada’s biggest banks has filed an £800,000 lawsuit against her former employer over claims she was subject to racial and sexual discrimination while working at the firm. Zhuofang Wei, a former executive director at the London office of the Canadian Imperial Bank of Commerce (CIBC), is suing the bank [...]