Unemployment Rate Rises Amidst Health-Related Absences and Cautious Recruitment Approach
Unemployment in the UK rose to 3.9% during Q1 2023 as more people stopped working due to illness, according...
unemployment
BoE Raises Interest Rates to 3%, Predicts Longest Recession Since Records Began
In a recent decision, the Bank of England raised its base interest rate by 0.75% to 3%, warning that...
Unemployment at Record Low as Pay Levels Fall Amid Inflation
Unemployment in the UK drops to 75.5%, its lowest since 1974, as inflation causes real pay growth rates to...
UK Unemployment Hits Lowest Level Since 1974 Amid Inflation Struggles
Unemployment has reached its lowest level since 1974 at 3.6% for the three months to July, according to the...
UK Consumer Confidence Hits Record Low Amid Inflation and Unemployment
UK consumer confidence hits record low as inflation and unemployment rise, according to GfK's Consumer Confidence Index. The index...
UK Economy Predicted to Recover in 2023 Amid Pandemic Struggles
In a new report by EY Item Club, the UK's economy may not return to normal until 2023 due...
Unemployment Crisis Looms: 11.7 Million at Risk Amid Pandemic Impact
New research from Resolution Foundation reveals that nearly 11.7 million people may face furlough or unemployment in the coming...
UK Economy Projected to Shrink by 35% in Q2 Due to Covid-19 Impact
In a shocking revelation, the UK's economy is projected to shrink by up to 35% in Q2 due to...
Retail Workers Face Higher Redundancy Risk and Longer Unemployment Periods
In a new report titled "Sorry, we're closed," the Resolution Foundation reveals that retail workers face higher rates of...
UK Retailers in Financial Distress on the Rise
Nearly 43,000 retailers in the UK faced significant financial distress in Q1 of this year, a 21% increase from...