Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Number of Brits on furlough falls by 1.3m to lowest level this year June 3, 2021 Furlough numbers have dropped to their lowest level this year, as those needing the scheme fell to 3.4m. Official figures published today showed that 1.3m fewer employees accessed furlough across March and April, with the biggest falls in workers aged 24 and under. Since the start of the pandemic, more than 11.5m employees have been [...]
UK business optimism hits five-year high, so why has London slipped? May 28, 2021 Economic optimsim across the UK has reached its highest level in five year, but for some London businesses the reopening enthusiasm has waned.
Analysts warn of post-furlough job cuts wave and oldest will struggle most May 18, 2021 The economic mood was warm this morning as new data showed that Britain’s unemployment rate unexpectedly fell to 4.8 per cent between January and March. London’s FTSE 100 reacted with a 0.8 per cent leap but not all analysts were convinced that the data was a sign of long-term prosperity for the UK jobs market. [...]
UK unemployment rate unexpectedly falls to 4.8 per cent May 18, 2021 Britain’s unemployment rate unexpectedly fell to 4.8 per cent between January and March, official figures showed this morning. Economists had expected the unemployment rate to hold at 4.9 per cent during the first quarter of the year, given that the country was in lockdown. The rate of employment in the UK increased for the fifth [...]
Jobs optimism among employers soars to eight-year high May 17, 2021 Optimism among UK employers has hit an eight-year high, with all sectors expecting a post-Covid jobs recovery, according to a new survey. Jobs in the public, private and voluntary sector are all set to surge and pay prospects have also improved, according to the latest labour market outlook report from the Chartered Institute of Personnel [...]
90 per cent of businesses may replace staff who struggle to work from home May 10, 2021 As businesses are gradually planning for a ‘new normal’ post-Covid, this is likely to impact recruitment decisions over the next 12 months. The vast majority of companies – namely 90 percent – that was surveyed by expenses firm Expense On Demand indicated that they are likely to replace staff who were unable or struggled to [...]
One in three Londoners suffer income drop during pandemic, study finds May 8, 2021 Almost one in three Londoners experienced a fall in income during the pandemic, the joint highest of any region in the UK, new data has shown. The income pressure was driven by the disruption inflicted on retail and hospitality throughout the Covid crisis, according to research gathered by consultancy firm Lane Clark & Peacock (LCP). [...]
Exclusive: Four out of five on furlough consider switching to jobs they are overqualified for May 4, 2021 Four in five furloughed Brits are considering applying for jobs they are overqualified for if they cannot return to their existing employment. Some 62 per cent of respondents feared they would not have a job to return to after furlough, according to new research by consultancy firm NTT DATA UK, shared with City A.M. this [...]
Fears of new variants drives FTSE down two per cent April 20, 2021 London’s main market plunged two per cent today, wiping out last week’s gains amid a bad day for big tobacco. The index joined in a global stock market rout on Tuesday, ending the day at 6,859.87, down 140.21 points. The drop pushed the FTSE 100 back through the symbolic 7,000 point mark it smashed last [...]
Young people hit disproportionately by Covid jobs crisis April 20, 2021 Those aged under 35 disproportionately lost their jobs as a result of the coronavirus pandemic, as sectors like hospitality and retail were hit particularly hard by the crisis. In the year to March, nearly 635,000 under-35s saw payroll job losses in the UK, making up 80 per cent of the total payroll jobs lost during [...]