UK unemployment falls to 50 year-low amid jobs market exodus October 11, 2022 A sharp rise in the number of Brits dropping out of the jobs market altogether has artificially pushed the UK unemployment rate down to its lowest level since the mid 1970s, official figures published today reveal. The volume of people in the UK not looking for work climbed around 330,000 over the last three months, [...]
Aldi kickstarts festive hiring spree with 3,000 new jobs this Christmas October 6, 2022 Aldi has launched its festive hiring spree, revealing plans to create around 3,000 new jobs this Christmas. The discounter has created more than 2,000 temporary and permanent store jobs this winter. It also unveiled plans for more than 850 roles across its 11 regional distribution centres around the UK, for jobs including warehouse selectors, logistics [...]
Union to ballot 150,000 civil servants on plans for public sector strike September 26, 2022 The public sector workers’ union is set to ballot more than 150,000 civil servants on plans to strike over pay and working conditions. The Public and Commercial Services Union (PCS) said it is urging its members in 214 government departments to vote in favour of taking industrial action, after the UK government set out plans [...]
Reeves says Labour is now the party of ‘economic responsibility’ September 26, 2022 Labour is “on its way” to forming government and is now the party of “economic responsibility”, shadow chancellor Rachel Reeves has said. Reeves said in her Labour party conference speech today that “it’s time for a government that is on your side – that government is a Labour government”. It comes as the Bank of [...]
Treasury denies allegations of gambling with economy as pound falls below $1.10 September 24, 2022 The Treasury has denied allegations of gambling with the UK’s economy as the pound fell below $1.10 for the first time in almost 40 years following yesterday’s mini-budget. Paul Johnson, director of the Institute for Fiscal Studies, said Britain will go on an “unsustainable path” of borrowing following the reforms – the most radical in [...]
Kwarteng tightens rules around universal credit to ‘get Britain working again’ September 23, 2022 Kwasi Kwarteng has tightened rules around universal credit in a bid to “get Britain working again”. As it stands, universal credit claimants working up to 12 hours a week at the National Living Wage are at risk of cuts if they don’t take steps to increase their earnings nor meet regularly with a work coach. However, [...]
Kwarteng launches most radical tax cut programme in a generation September 23, 2022 Kwasi Kwarteng unleashed a tax cut bonanza in the House of Commons today, helping millions of Brits keep hold of more of their money
With Britain’s economic warning lights flashing, we need more than just tax cuts September 23, 2022 There are numerous indicators on the UK’s economic dashboard that are currently flashing red. Against these headwinds, tax cuts may be necessary but they will almost certainly not be sufficient
Kwarteng vows ‘new era’ as he prepares to unveil tax-cutting mini-Budget September 22, 2022 Kwasi Kwarteng will tomorrow outline the biggest package of UK tax cuts in more than 30 years as a part of the government’s bid to launch a Thatcherite economic revolution. The chancellor today confirmed he would axe this year’s 1.25 percentage point increase in National Insurance in tomorrow’s mini-Budget and he is expected to cancel [...]
National Insurance rise to be axed on 6 November, says Kwarteng September 22, 2022 This year’s hike in National Insurance will be axed from 6 November, Kwasi Kwarteng has today announced. The Treasury today said the move to reverse the 1.25 percentage point increase in National Insurance – which was originally brought in to pay for increased health and social care spending – will save businesses an average of [...]