End of furlough ‘has not led to surge in jobseekers’ November 2, 2021 The end of the multi-billion-pound furlough wage subsidy has not led to a surge in new job-seekers, according to data that suggests unemployment is unlikely to rise sharply and may bolster the case for a Bank of England interest rate hike. Data by recruitment website Indeed, seen by Reuters ahead of publication, shows only a [...]
Budget: Brits face flat recovery for household living standards, Sunak warned October 28, 2021 The average household could see their tax rise by thousands of pounds during Boris Johnson’s premiership, a think tank has warned, as Rishi Sunak’s Budget has the country set for a flat recovery for living standards. The Office for Budget Responsibility (OBR) said the Budget would leave the overall tax burden at its highest since [...]
Hiring bonanza: Nearly nine in ten London employers plan to recruit new staff in next 12 months October 25, 2021 Just over 85 per cent of all London employers are planning to recruit staff in the capital over the next 12 months, the highest recruitment intentions in eight years, according to new figures shared with City A.M. today. Over two-thirds (67 per cent) of employers who are hiring are looking for permanent staff, whilst a [...]
Most Brits don’t think they are paid ‘what they are worth’ but asking for a raise pays off October 21, 2021 Most people don’t believe they’re being paid what they think ‘they are worth’ to do their current jobs. And, perhaps unsurprisingly, the longer it’s been since they last received a pay rise, then the more inclined they are to feel this way. CIPHR polled 1,005 British adults to discover more about how employees perceive their [...]
Close to 4m low-income households across UK are in arrears with household bills October 21, 2021 Nearly 4m British households on low incomes are estimated to be in arrears with household bills, according to new figures published this morning. Around 950,000 are thought to be in rent arrears, 1.4m are behind on council tax bills and 1.4m are behind on electricity and gas bills, the Joseph Rowntree Foundation said. It looked [...]
End of furlough to induce a job market ‘recalibration’ as Brexit requires reset October 20, 2021 The end of furlough is set to induce a “significant recalibration of the jobs market” according to a restructuring expert. Chris Newell, managing director at business advisory firm Quantuma predicts that, as the Coronavirus Job Retention Scheme has ended, businesses across the country face the prospect of “tough decisions” around redundancies in the coming weeks. [...]
600,000 new jobs in last six weeks as number of vacancies climbs to 2.3m October 16, 2021 Growth in job adverts has continued and there are now 2.29 million vacancies on offer, according to new research shared with City A.M. today. The Recruitment & Employment Confederation said the number of job postings increased by more than 600,000 since the last week of August, including 235,000 new adverts online last week. The growth [...]
Salary slaves: 2021’s best and worst paid industries and the UK’s fastest-growing sectors October 14, 2021 Earlier this week, City A.M. revealed private equity firms are prepared to pay junior staff with less than two years experience an average salary of more than £152,000, a jump of 52 per cent compared to two years ago. For those with two to four years of experience, an salary of around £181,000 has become [...]
Today: UK unemployment set to fall as rate hike bets increase October 12, 2021 European markets got off to a mixed start yesterday, while US markets, after initially looking in good shape, rolled over into the close to finish on the lows of the day. While investors want to believe the narrative that stock markets can continue to move higher, this belief is bumping up against the reality of how [...]
Two in three UK women say bias and discrimination hold them back from finding work October 8, 2021 A large majority of women across the UK, namely two in three women, believe that bias and discrimination hold them back from finding work, according to new research, shared with City A.M. this morning. More than two in five women worry that their gender is a barrier to finding a new job and 30 per [...]