Category: Job losses

Bank of England forecast to cut interest rates amid rising unemployment and Trump tariffs

City predicts quarter-point drop to 4% when MPC meets on ThursdayBank of England policymakers are widely expected to cut interest rates this week to prevent the economy sliding backwards amid rising unemployment and the hit to...

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‘An unjust transition’? Teesside locals divided over net zero after deindustrialisation

In the third in a series, the Guardian hears how Reform UK is targeting voters over green policies – which business says are bringing new jobs to the area‘It breaks my heart’: how a refinery closure is hitting...

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UK firms mull biggest layoffs in a decade as business confidence slumps

Impending tax rises from autumn budget fuel collapse in sentiment and rising redundancy intentions, surveys showUK employers are preparing for the biggest redundancy round in a decade amid collapsing business confidence as firms...

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British steel industry braces for 2,500 job cuts at Port Talbot in government deal

Announcement on taxpayer-funded rescue plan for Tata-owned south Wales plant expected on WednesdayThe British steel industry is braced for 2,500 job cuts at the Port Talbot steelworks, with thousands more jobs at risk in the UK,...

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