Exclusive: London bearing the brunt of skills shortages, say city bosses October 7, 2021 The skilled labour shortage gripping the UK is being felt most acutely by London businesses, with seven in 10 executives saying their company has been affected. Despite promises of emergency visas and skills training from the Government, 22 per cent of London business leaders think the problem will be the biggest hurdle their company will [...]
One in four Brits actively hunting for a new job with work-life balance a priority October 5, 2021 Around a quarter of people are actively jobhunting, according to new research shared with City A.M. this morning. Three-quarters (75 per cent) of jobseekers reported they are more likely to consider working in a different industry following the coronavirus pandemic. A survey of 2,000 workers across the UK was carried out for jobs website Totaljobs, [...]
Return to work: Midweek-only office workers gain a new moniker October 4, 2021 Last Thursday was the busiest day for Farringdon, Canary Wharf, Bank and Monument stations since the pandemic began, as London’s commuters adjust to a new world of hybrid working Almost a hundred thousand people travelled through Bank and Monument stations. And since City workers were encouraged “back to school” from the beginning of September, footfall [...]
Reed exclusive: With half of Londoners looking for a new job, the ‘balance of power is shifting’ September 29, 2021 Six in ten Londoners are currently looking for their next challenge, recruitment giant Reed told City A.M. this afternoon. Chancery Lane-based Simon Wingate, managing director of Reed, shared the findings of a new survey that the company recently commissioned. It showed that over half of Londoners (52 per cent) are either actively looking for a [...]
More than half a million Brits over the age of 50 will lose furlough support tomorrow September 29, 2021 As the furlough scheme comes to an end tomorrow, concerns are being raised about the number of workers over the age of 50 who are still furloughed. More than 540,000 people in the age group were on furlough in August, accounting for 35 per cent of the total, according to research. Rest Less, which offers [...]
Euan Blair’s Multiverse education startup raises $130m to become a ‘soonicorn’ September 29, 2021 Multiverse, the apprenticeships startup co-founded by Tony’ Blair’s eldest son Euan Blair, has edged closer to a unicorn valuation after closing a fresh $130m (£95m) US investor-led funding round. In the largest EdTech (education tech) investment in the UK to date, the Series C fundraising round, which was led by US investment firms D1 Capital [...]
End of furlough: ‘Time for the UK economy to put its big girl pants on’ September 27, 2021 This week, the government’s £70bn furlough support scheme comes to an end. The end of the Job Retention Scheme, or furlough, will force organisations to make decisions regarding the future of furloughed employees. City A.M. sought the views of a number of small business owners about whether now is the correct time to remove the [...]
Wave of redundancies looming: 70 per cent of UK employers expect job cuts as furlough scheme ends September 27, 2021 Nearly 7 in 10 employers expect to make redundancies within the next year, the majority of which will take place within the coming months, according to new research shared with City A.M. this morning. According to the study from Renovo, 69 per cent of all UK employers anticipate job losses, with 46 per cent of organisations [...]
Exclusive: Experts weigh in on why more older people are exiting the workforce earlier September 9, 2021 The Department for Work & Pensions published a report this morning which showed that, over the past year, older people have been exiting the workforce earlier. Moreover, the employment rate of people aged 50-64 has also fallen slightly. City A.M. sought the views of six recruitment, HR and financial experts on why this is happening. Sarah Loates, [...]
UK redundancies fall to lowest in seven years despite furlough taper September 7, 2021 Proposed job redundancies in the UK plummeted to their lowest level in seven years in August, despite the fast approaching deadline of the government’s Covid furlough scheme. British employers proposed 12,687 job cuts in August – down almost 80 per cent from the same time last year, when the figure stood at 57,469, according to [...]