Bank urged to ‘release brake pedal’ as starting salary inflation drops to 34-month low February 8, 2024 Starting salary inflation slipped to its slowest rate since March 2021 and was comfortably below the series average
Reneuron issues administration warning as biotech firm puts jobs at risk February 5, 2024 Biotech business ReNeuron Group has warned it could enter administration and is preparing to make redundancies as its shares were suspended from trading.
Unemployment lower than previously thought according to ONS following revamp of data collection February 5, 2024 The ONS has been forced to improve the accuracy of its flagship Labour Force Survey after falling response rates raised questions about the accuracy of the data.
Heather Mills hits back after striking rescue deal for collapsed vegan food firm VBites January 22, 2024 Heather Mills's vegan food business owed more than £10m when it collapsed into administration at the end of 2023, new documents have revealed.
Men are working much less than they used to. Women are picking up the slack. January 22, 2024 Growth could be supported by a "continuing recovery in average hours to pre-pandemic levels," the ONS said. In other words, men need to get back to work.
How one manufacturer collapsed into administration owing over £100m before being rescued January 16, 2024 The story of how a group that manufactured buses and police cars collapsed into administration owing more than £100m and led to over 150 people to lose their jobs has been revealed for the first time.
Princes falls to £50m loss and makes further redundancies as potential sale looms January 16, 2024 Food giant Princes cut over 150 jobs while slipping to a loss of more than £50m despite its revenue rising by £300m, new documents have revealed.
Wage growth continues falling as signs emerge of loosening labour market January 16, 2024 Policymakers at the Bank have repeatedly stressed that further progress is needed on wage growth to justify loosening policy.
UK jobs figures bolster case for interest rate hold but ‘experimental’ unemployment data ‘difficult to trust’, analysts say December 12, 2023 The latest UK jobs data has bolstered the case for the Bank of England to hold interest rates on Thursday, according to analysts, as the labour market shows signs of cooling but inflationary pressures still remain.
Interest rates to remain ‘higher for longer’ if ‘experimental’ data turns out to be true November 30, 2023 The figures were published by the Office for National Statistics (ONS) last month and are based on the earliest indicators from the Transformed Labour Force Survey, which the ONS hopes to roll out next March.