Job creation and losses

Private sector hiring intentions are at a record low as employers deal with higher national insurance and wage costs, according to the CIPD.

The move triggered alarm across Wall Street, with investors expressing concern that interference in official statistics could erode confidence in US markets.

Employers are feeling more optimistic about the future than at any time in over two years, according to a new survey of businesses.

The year to 31 March 2025 saw lower levels of new entrants to the civil service overall compared with the year before.

Hiring intentions for the next year climbed to the highest level since 2015, according to Lloyds Bank’s Business Barometer.

Nearly 50,000 businesses were in critical financial distress in the spring, an increase of 21.4% compared with the previous year.

UK vacancies rose to 875,546 in June – the strongest annual growth since July 2022.

About 100 branches face closure although chief executive has said there was not a ‘definitive’ view on how many branches were needed.

Pub chain BrewDog will close 10 bars, blaming ‘extremely difficult’ economic conditions for hospitality.

The hospitality sector accounted for almost half of job losses in the latest employment figures from the Office for National Statistics.

Jaguar Land Rover will cut up to 500 management roles in the UK after facing financial pressures from US trade tariffs.

Excluding the volatile period caused by the pandemic, UK job vacancies have fallen to their lowest level in a decade, according to ONS.

The latest survey of recruitment consultancies signalled an accelerated decline in hiring activity across the UK at the end of the second quarter.

Around 5,000 jobs have been secured following the start of construction on Tata Steel’s electric arc furnace at Port Talbot today.

Shoe retailer Clarks has cut more than 1,200 jobs after sales plummeted by almost £100 million in its most recent...