Labour market

Seasonal and graduate hiring fuels growth in the UK jobs market as Christmas approaches, a report has revealed

UK retailers write to the chancellor warning of the dire impact of the £7bn in extra costs they face next year as a result of the budget.

The jobs market showed ‘signs of life’ during October, according to the latest figures from the REC.

Abolition of the sponsorship system would address imbalance in power between workers and employers, finds study.

Annual wage growth continues to fall, but not as fast as was expected according to labour market statistics in November 2024.

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Uncertainty around Budget accelerates long-running negative trend in recruitment activity as businesses put hiring plans on hold.

Nissan is slashing 9,000 jobs globally while its chief executive has taken a 50% pay cut in a bid to curb its losses.

‘Positive movements in national living wage and so on are fantastic news stories for the worker; however, they come at a huge cost to employers’

A 6.7% hike in the national living wage for 2025 has been confirmed ahead of the Budget, while the national minimum wage rises by 16.3%.

New ONS figures show that the median weekly wage for full-time employees was £728 in April 2024; the TUC says this shows a rise of only 0.3% since 2010

Hiring intentions among UK firms increase slightly in October, despite a dip in business confidence ahead of tomorrow’s Budget.

Next week’s Budget must avoid imposing fresh costs on business in the wake of the Employment Rights Bill, the Recruitment and Employment Confederation has warned.

Government launches consultation on how reforms around zero-hours contracts should apply to agency workers.

Employment Rights Bill could cost business £7.4bn over 10 years as government publishes impact assessment and four consultations.