Tata Steel will continue with plans to shut off its blast furnaces in the coming months, costing thousands of jobs in South Wales, despite the Labour Party urging it to delay the decision until after the General Election, the company said on Tuesday. The steelmaking giant said it is “apprehensive” reading media reports that its...
Category: Jobs
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UK unemployment rises by 138,000 as labour market weakens
The number of people unemployed in the UK rose by 138,000 in the three months to April amid growing signs of a weaker jobs market. In the last set of labour market figures before the general election, the Office for National Statistics said employment and job vacancies were down and joblessness had increased. The ONS...
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UK jobs market softens, despite strong wage growth
Britain’s labour market showed more signs of cooling in April as the unemployment rate rose, despite another month of strong wage growth, official data showed today. The unemployment rate for the three months to April rose to 4.4% from 4.3% between January and March, the highest reading since the three months to September 2021, the...
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Jobs market weakens again after surprise rise in unemployment rate
Britain’s unemployment rate has unexpectedly risen to its highest rate for more than two years as the jobs market weakens further, although wage growth remains resilient, according to official figures. The Office for National Statistics (ONS) said the rate of UK unemployment lifted to 4.4% in the three months to April, up from 4.3% in...
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UK unemployment rate highest for more than two years
11 June 2024 By Mitchell Labiak, Business reporter • Andy Verity, Economics correspondent Getty Images The unemployment rate has unexpectedly risen to its highest level for two and a half years, official figures show. The rate climbed to 4.4% in the three months to April, the highest since September 2021. Despite the increase, wage growth remained strong, with earnings continuing...
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‘There’s a stigma attached to going to work’: The 800,000 people who have fallen into ‘economic inactivity’
Michael is fair haired and frail, with a face that tells a story. Until seven years ago his life was perhaps as he imagined it. He was married and working for a fancy food shop in his home town in North Yorkshire. Then something happened. He is reluctant to share the full details but his...
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SNP’s Stephen Flynn attacks Labour’s North Sea windfall tax plans
9 June 2024 By Paul O’Hare, BBC Scotland News Stephen Flynn told the BBC’s Sunday with Laura Kuenssberg the shift from oil and gas “has to be sustainable” The SNP’s Westminster leader has attacked Labour’s North Sea energy plans and vowed his party was committed to a “just and sustainable” future oil and gas sector. Stephen Flynn...
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Body Shop sets deadline to save UK stores and jobs
The firm in charge of selling The Body Shop in the UK has set a deadline for buyers to submit bids in a race to save 1,500 jobs. The BBC understands that FRP Advisory, which is overseeing the sale, has asked firms to make an offer by next Tuesday. The Body Shop still operates 112...
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Labour plans curbs on UK firms hiring foreign workers
18 hours ago By Jack Fenwick, Political reporter PA Media Companies that refuse to comply with Labour’s plans for training British workers could be blocked from sponsoring visas for overseas employees, if the party wins the election. On Sunday, Labour set out how it would bring net migration down by reducing the need for foreign workers. The...
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US employment growth smashes predictions in blow to hopes of rate cuts – latest updates
Thanks for joining me. We begin with data showing house prices stalled between April and May. Average property values fell by 0.1pc over the month to £288,688, the Halifax house price index showed. 5 things to start your day 1) British tech tycoon Mike Lynch cleared in $11bn US fraud trial | A San Francisco...
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Reeves vows Labour will bring ‘good jobs’ to Scotland
Rachel Reeves vows Labour will bring “good jobs” to Scotland A Labour government will bring “good jobs” to Scotland, reduce energy bills and improve energy security, the party’s Treasury spokesperson has vowed. During a visit to Edinburgh, Rachel Reeves said her party’s industrial strategy, a national wealth fund and a Scotland-headquartered energy body would help...
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More than two-thirds of Ukrainians who fled to Britain to escape Vladimir Putin’s brutal invasion want to STAY in the UK even if the war ends – with most saying it’s because there are more jobs
By Greg Heffer, Political Correspondent For Mailonline Published: 16:53 BST, 3 June 2024 | Updated: 17:29 BST, 3 June 2024 Most Ukrainians who fled to Britain to escape Vladimir Putin‘s brutal invasion want to stay in the UK even if the war ends, according to fresh survey results. Around seven in 10 (68 per cent)...