UK PMIs: Economy slows more than expected in January January 22, 2021 The UK economy has slowed further than many expected in January, according to the leading economic index. Newly released UK PMI figures show the slowdown has been driven by a collapse in the services side of the economy. The overall PMI figure for January is 40.4, and 38.8 for services – the lowest reading for [...]
City salaries up this quarter as London weathers worst of 2020 January 18, 2021 Salaries in the City of London are up 14 per cent on the last quarter, as the city moves past the worst of the pandemic damages. The city jobs market has remained resilient despite the triple threat of the pandemic, Brexit trade deal and the US election. Brexit has also failed to deliver a big [...]
Salaries for those who kept their jobs through pandemic rose in 2020, says Reed January 18, 2021 Salaries for those who kept their jobs through pandemic rose in 2020, says Reed
‘Phantom roles’ may mask the true state of the UK job market January 14, 2021 Last month, the Office for National Statistics (ONS) painted a bleak picture of the UK job market with the hospitality and retail sectors being in a particularly bad shape. ONS data showed the biggest-ever year-on-year decline in job vacancies in those sectors as the number of open positions fell by 49 percent and 52 per [...]
Technology companies dominate list of best places to work in the UK January 13, 2021 Here's the list of best places to work in the UK, and these tech firms dominate
Morrisons to be first UK supermarket to pay staff at least £10 an hour January 13, 2021 Morrisons will pay its supermarket staff at least £10 an hour, becoming the first major UK supermarket to reach that milestone. The new deal will start in April and represents a significant pay increase for nearly 96,000 colleagues, the majority of which will see a nine per cent rise. Staff had pushed for an increase [...]
Bank of England bosses reassess 2021 GDP and jobs numbers as UK economy faces ‘darkest hour’ January 12, 2021 Bank of England boss Andrew Bailey and his deputy Ben Broadbent have today both signalled the effects of the UK’s third Covid-19 lockdown. In separate speeches, Bailey and Broadbent spoke on the impact of the current nationwide lockdown, the furlough extension and consumer behaviour. The UK economy was facing its “darkest hour”, but Bailey also [...]
Before the Bell: Equities and copper are on a roll January 8, 2021 Equity markets in Europe and the US enjoyed rallies yesterday as traders bought stocks on the back of the view that the future Biden administration will be keen to use stimulus packages to support the economy. In late December, lawmakers signed off on a $900bn relief package but in October, Nancy Pelosi, of the Democrats, [...]
Three quarters of small businesses set to hire next year as vaccine boosts confidence December 31, 2020 Small businesses are looking forward to hiring further staff in 2021 as the vaccine rollout boosts confidence for the year ahead. Some 77 per cent of businesses plan to increase their workforce, with four in ten aiming to do so as early as Q1. The research, conducted by Starling Bank and the Great British Entrepreneur [...]
Furlough extensions keeps redundancy rise to lowest since March December 23, 2020 The extension of the furlough scheme until the end of April 2021 appears to have slowed the rate of redundancies across the UK. New figures from the Insolvency Service show 36,700 redundancies were proposed in November, the lowest monthly figure since lockdown restrictions were introduced in March. The November total is around a fifth of [...]