The United Kingdom’s economic growth was lower than anticipated in the spring, preceding a significant decline in household living standards, according to the latest official statistics. The Office for National
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The Bank of England is facing mounting pressure to keep interest rates unchanged amidst persistent inflation and burgeoning financial stability concerns. The Times shadow monetary policy committee, a group of
The United Kingdom is facing a shifting economic landscape as interest rates continue to fall. Amid the ongoing discussions on stability and growth, Chancellor Rachel Reeves asserts that Labour’s economic
Leading voices at the Bank of England have issued a direct challenge to Chancellor Rachel Reeves’s claims regarding recent tax and minimum wage policy impacts on the employment market. Catherine
The number of Americans behind on credit card repayments has reached its highest point in 15 years as households across the United States struggle under the weight of rising costs.
A sharp decline in the employment rate among participants of a government-backed work experience initiative has cast doubt on its efficacy and value for taxpayer money. The Sector-based Work Academy
Official figures released by the Office for National Statistics indicate signs of growing softness in the UK labour market. August saw a reduction of 8,000 in monthly payroll numbers, pushing
The Bank of England is under mounting pressure to lower UK interest rates for the fifth time in a year, as concerns grow over the sluggish jobs market and the
The Bank of England is widely anticipated to reduce interest rates this Thursday, as policymakers seek to counteract rising unemployment and the adverse impacts of new trade tariffs imposed by
British employers are preparing to increase consumer prices to offset higher payroll taxes, triggering concerns about sustained inflation pressures, according to a recent S&P Global business sentiment survey. The research
Recent official figures reveal a concerning trend in Britain’s unemployment landscape, with fewer benefit claimants facing sanctions despite growing joblessness rates. Data shows 117,000 of 2.1 million Universal Credit claimants
British employers are preparing to implement the most significant wave of redundancies in a decade as business confidence deteriorates amid looming tax increases scheduled for April, following Rachel Reeves’ autumn
Britain’s labour market stands at a critical juncture as businesses grapple with increased National Insurance contributions and economic stagnation. Recent data from the Office for National Statistics reveals an unemployment
Discover how a shrinking jobs market is impacting the recruitment industry, as PageGroup issues a profit warning. Explore the broader economic context and implications for job seekers and businesses.
