Data shows that employers’ confidence in the prospects for the UK economy plummeted this month, according to the Recruitment and Employment Confederation’s latest JobsOutlook report.
Advertised salaries reached a standstill in March, as a slowdown in the jobs market takes hold according to the latest UK Job Market Report from Adzuna.co.uk.
Despite fears that the global economy is about to hit the buffers, the UK economy has steamed ahead of predictions over the last economic quarter. The economy grew by 0.6 percent in the fourth quarter of 2015, higher than the previous estimate of 0.5 percent.
George Osborne will unveil his eighth budget today, nearly one year into the first fully Conservative administration since 1997.
The word ‘recession’ is once again on the lips of some of the world’s leading economists and the latest news from China will only act to add fuel to fire. It has been announced that China’s economy grew by 6.9 percent in 2015, compared with 7.3 percent last year earlier.
The British economy, and indeed the world economy, is giving off decidedly mixed signals at the moment. While there is a general feeling of mild panic and stocks waver in the face of Chinese weakness, there are also flashes of good news.
Figures published today by the European Investment Bank (EIB) show that investment by the EIB in the UK increased to €7.77 billion in 2015, up 10.8 percent on the previous year’s lending
Contrary to Next’s report of particularly low sales over the Christmas period, this year Sainsbury’s has reported that its sales were better than expected.
If another recession is on the cards, then the news is not all bad for the HR industry. During the last downturn HR departments often grew in size as they were tasked with the organisation of redundancies.
A number of business leaders have pledged to invest in methods to tackle demographic change. Seventeen employers from various sectors including care, housing and finance, have signed an open letter promising “to help make our ageing society and economy more sustainable”.
The UK economy continues to grow, new figures have shown with a record number of people working and the amount being paid in salary also on the rise. However the outlook is not all rosy, there was a rise in the number of people claiming job seeker allowance, although the overall number of those out of work fell.
The rebound in GDP growth in the second quarter of 2015 confirms the weakness at the start of the year was merely temporary, the National Institute of Economic and Social Research (NIESR) has forecasted this week.
Three in four firms are set to hire more staff as the economic conditions for businesses improve, according to a new survey by the Recruitment and Employment Confederation (REC).
A number of positive steps have been taken by the UK government to support British business in the first parliamentary session since the election. However, there are still areas of concern that remain unaddressed, says the British Chamber of Commerce (BCC), one of the UK’s largest and most influential business groups.
The government have announced a new productivity plan that hopes to boost the GBP by 31% and also wants to streamline the educational system to create set routes into high skills jobs.