Figures suggest cooling of job market amid concerns over increase in employers’ national insurance contributionsUK jobs market in spotlight after tax risesBusiness live – latest updatesThe UK’s jobs market has...
Read MoreStatistics show 16- to 24-year-olds out of work at highest level since pandemic, a rise of almost 50% in two yearsYouth unemployment has risen to a post-pandemic high as unions warned that “young people’s futures are...
Read MoreRachel Reeves says there is more to do in supporting people into employment and she will take action in budgetUncertainty causes headache for BoE rate settersBusiness live – latest updatesThe UK jobs market bucked...
Read MoreInterest rate cut hangs in balance after ONS figures show annual pay growth eased to 5.7% in three months to MayBusiness live – latest updatesUK wage growth slowed in May amid a cooling jobs market, underscoring the...
Read MoreMinisters ramp up anti-welfare rhetoric a day after data showed increase in UK unemployment The UK chancellor and the welfare secretary have suggested that too many people are claiming unemployment benefit as a lifestyle choice...
Read MoreRolling coverage of the latest economic and financial news, as total pay jumps by 8.5% in the last year – ahead of inflationThe Institute of Directors are urging the Bank of England to stop raising interest rates, saying...
Read MoreTreasury Committee quiz lenders about mortgage rates, as two-year fixed mortgage rate rises to 6.66%, highest since 2008Full story: UK two-year fixed mortgage rates hit highest level since 2008Full story: Record UK pay growth...
Read MoreStronger than expected job and pay data makes interest rate rise more likely, driving up two-year bond yieldsAnalysis: Don’t rule out half-point interest rate riseBusiness live – latest updatesUK government borrowing...
Read MoreReal pay for all workers lags behind inflation by 2.7%, piling on pressure amid cost of living crisisBusiness live: latest updatesUK public sector wages increased by just 2.7% in the year to October, according to official...
Read MoreLarge parts of national rail network grind to halt as RMT union members strike for increased payMuch of the UK’s rail network has ground to a halt as members of the RMT union begin a two-day strike on Tuesday, the first in...
Read MoreBoE warns that gilt market chaos poses a ‘material risk to UK financial stability’, as it starts buying inflation-linked bondsPat McFadden MP, Labour’s Shadow Chief Secretary to the Treasury, is urging the...
Read MoreFewer people found jobs under Way to Work despite triumphant claim that it helped 500,000Boris Johnson’s flagship jobs scheme appears to have failed, despite his claim that it helped half a million people into work.The Way...
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The major U.S. index futures are currently pointing to