Economy

Number of UK workers worried about job loss doubles

Research found 42% of workers in the UK are worried about losing their jobs, up from 28% last year.

Interest rates rise again; HR called on for support

The latest Bank of England interest base rate rise should have HR teams thinking about the financial and wellbeing support they offer staff, experts say.

News

Wage-price spiral: should HR be concerned?

Bank of England governor Andrew Bailey has acknowledged that the UK is dealing with a wage-price spiral for the first time as a result of inflation.

UK business leaders optimistic despite recession fears

UK businesses are optimistic about their ability to push through 2023’s economic challenges and achieve medium-term growth, according to research.

UK salaries fall but vacancies remain high

The average salary for UK professionals on permanent contracts has fallen over the past year, even as vacancies rose in January.

Hiring freezes on horizon as UK economy set to shrink in 2023

UK employers are looking at a range of cost-cutting measures due to continued economic uncertainty.

Chancellor's UK Silicon Valley vision must get serious about skills

Chancellor Jeremy Hunt set out his vision of the UK as an innovation hub to rival Silicon Valley on Friday (27 January). Think tanks have warned, however, that more action will be needed to reach his...

‘Bleak’ outlook on workforce inactivity, House of Lords report finds

Tightness in the UK labour market is set to continue, according to a House of Lords Economic Affairs Committee report published today (20 December).

Graduate recruitment predicted to withstand recession

Recruitment experts do not expect graduate recruitment to halt off despite the economy edging towards a recession.

News

Lifestyle choice driving unemployment in older workers

A rise in the number of people retiring early is the main reason for joblessness among older people in the UK.

How to prepare organisations for a recession

Fears of a looming recession may freeze the UK’s competitive labour market. What can HR do to prepare?

ONS data exposes older workers driving talent shortages

Older people are falling out of the labour market at a high rate, often due to long-term ill health.