UK firms to hire more staff as Covid recovery boosts confidence July 12, 2021 UK firms to hire more staff as Covid recovery boosts confidence
Post-pandemic flexible working a must for burnt-out workers July 12, 2021 Over two thirds of workers want more flexible working post-pandemic, as just under half can’t switch off from work. A new study from Aviva shows that 44 per cent of workers feel they can’t switch off from work. As a result of always-on working, 40 per cent are now concerned about burn out. While both [...]
England’s Euro 2020 performance could rally consumer spending July 8, 2021 Chancellor Rishi Sunak said he expects a “bounce” in consumer spending thanks to England reaching the Euro 2020 final. England reached their first men’s football final in 55 years on Wednesday after they fought back to beat Denmark 2-1 after extra time. Speaking to the BBC, Simon French, chief economist at Panmure Gordon, said the [...]
Business growth returns across financial services sector in second quarter July 8, 2021 Business volumes across the financial services sector in the second quarter grew at its fastest pace since June 2017, after stalling in the previous quarter. Growth in business volumes across the financial sector in the second quarter was at 40 per cent, its fastest pace since June 2017, and is expected to continue in the [...]
OECD: Covid-19 pushed 22m people out of jobs in advanced economies July 7, 2021 Around 22m more people are now jobless in major economies than before the pandemic, according to new research by the OECD. Of these 22m people living in rich countries that have been pushed out of work during coronavirus, 8 million are unemployed and over 14 million people are classed as inactive. In its annual employment [...]
Page Group shares rise as labour market improves and recruiter predicts £135m profit July 7, 2021 Page Group shares rise as labour market improves and recruiter predicts £135m profit
UK hospitality sector calls for changes to test and trace system July 1, 2021 Hospitality trade association UKHospitality has called for an immediate review of the government’s test and trace isolation guidelines. It says current measures are “massively disruptive” to the sector. The body says existing staff shortage problems are being “compounded” by staff being told to self isolate. It says the current system can lead to whole teams [...]
British Council could cut 2000 jobs after budget slash July 1, 2021 The British Council has started planning a redundancy consultation, potentially resulting in 2000 jobs being cut. The action follows a drop in funding from the government. The public body announced last week it would have to cut 15-20 per cent from the organisation over the next two years due to the financial impact of the [...]
Home Office to allow late EU Settlement Scheme applications after website crashes July 1, 2021 Home Office to allow late EU Settlement Scheme applications after website crashes
Barclays to up junior bankers’ base pay to $100,000, following Wall Street rivals June 30, 2021 UK bank Barclays is expected to increase base pay for junior bankers to $100,000 amid an exodus of young workers. The pay hike would bring the company’s rates in line with those announced by JPMorgan this week. In April, Bank of America also increased junior banker salaries by up to $25,000. While the changes are expected [...]