News
UK economy beats expectations in January but job cuts rise sharply, S&P Global reports
S&P Global's PMI data shows unexpected growth in January, but falling sales and rising costs are driving sharp job cuts.
Economy
Compensation & Benefits
Liberal Democrats call GDP growth “pitiful” and demand action on jobs tax and trade
Daisy Cooper MP has criticised the Chancellor's economic policies, labelling 0.1% GDP growth in November as "pitiful" and urging the government to abandon its "jobs tax" and adopt a genuine growth strategy.
Compensation & Benefits
UK firms expect rising prices and solid wage growth in 2025 amid cost pressures
Businesses in the UK expect prices and wages to continue rising in 2025, according to the Bank of England’s latest Decision Maker Panel data.
Employee Relations
UK’s distressed businesses face closures and job losses as 2025 economic woes mount
Forbes Burton’s report highlights over 200 distressed UK businesses, with an estimated 146,500 jobs lost and thousands of high-street branches closed.
Compensation & Benefits
Experts reveal the most successful industries for British businesses
The Health and Social Care industry has emerged as the UK’s best-performing sector for business growth, expanding by 8.06% since 2022, according to new research by MRPeasy. Real Estate and Education also ranked highly, while Transportation and Storage saw the steepest decline.
News
Workers’ rights reforms could benefit economy by over £13bn – TUC
Even if the Bill delivers only small improvements, the economic gains will outweigh any costs.
Business
Economic confidence of business leaders continues to edge up in April
However, the index of business leader optimism for the future of their own organisation declined to +38 in April, down from +42 in March, and net revenue expectations declined from +44 to +40.