Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Before the Bell: UK remains steady as economy slowly starts to reopen April 20, 2021 European stocks started the week in a subdued fashion, with the FTSE100 only just managing to close above the 7,000 level, while the DAX also slipped back from its record highs of last week. US markets also finished the day on the back foot, weighed down largely by weakness in tech stocks, which may well [...]
Legal & General: Jobs and affordable housing must be ‘centrepiece’ of levelling up agenda April 19, 2021 The provision of jobs and good quality affordable housing will define the UK’s Covid recovery, according to a new report. The Legal & General Rebuilding Britain Index (RBI), launched today, shows that measures to support the UK’s recovery cannot be unform, with different regions and communities needing to level-up in different ways. According to the [...]
UK job adverts soar in April as business confidence booms April 16, 2021 The number of new job postings is soaring as the UK tiptoes its way out of the pandemic, according to new data from the Recruitment & Employment Confederation. During the week of 5-11 April, a further 140,000 new job openings were recorded, giving a total of 1.37 million active adverts in the UK. This is [...]
The Week Ahead: Tesco, Coinbase IPO, JD Sports, JPMorgan, Goldman Sachs April 12, 2021 Some of the biggest banks are set to report earnings this week, with JPMorgan, Wells Fargo and Goldman Sachs all due on Wednesday. On a macro level, Tuesday’s UK GDP figures and inflation data from the US are undoubtedly going to be important. Meanwhile, the largest US cryptocurrency exchange, Coinbase, goes public. City A.M. looks at [...]
E-commerce boom sparks rush in job searches as UK vacancies hit highest level for a year April 1, 2021 Britain’s online spending boom has sparked huge rises in e-commerce job searches, according to new data from recruitment platform Indeed Flex. Indeed Flex found significant increases in job searches related to e-commerce between 1 February and 1 March. Searches for picker jobs more than doubled, while searches for warehouse positions rose by up to 82 [...]
Manpower CEO: Remote working isn’t unsustainable but it’s certainly not desirable March 24, 2021 Reports on the death of office working have been exaggerated, according to Manpower CEO Jonas Prising. However, so too has the backlash against remote working exemplified by the bosses of Barclays and Goldman Sachs (who labelled the work-from-home era an abheration). So, one year on from the Prime Minister’s orders to “work from home if [...]
UK unemployment: Covid impact on young people ‘could last a lifetime’ March 23, 2021 The disproportionate impact of the pandemic on young people’s job prospects “could last a lifetime”, according to analysts. Unemployment data released this morning by the Office for National Statistics showed that under-25s make up two thirds of the 700,000 job losses since the start of the pandemic. Lorna Carter-Blake, managing director at DA Training and [...]
UK unemployment rate drops slightly to five per cent March 23, 2021 The rate of unemployment in the UK fell slightly to five per cent from November 2020 to January 2021, some 1.1 percentage points higher than the same time last year.
Job vacancies mark biggest drop on record in ‘year like no other’ during pandemic March 15, 2021 Job vacancies saw a bigger drop last year than in the aftermath of the 2008 financial crash, in a “year like no other” during the pandemic, according to the Office for National Statistics (ONS). The number of jobs up for grabs in the UK plunged 57 per cent to a record low of 343,000 in [...]
Brits ‘to boost UK GDP by £16bn in post-lockdown spending’ as excess savings balloon to £160bn March 10, 2021 Brits to boost UK GDP by £16bn in post-lockdown spending as excess savings balloons to £160bn