With the Budget set to be unveiled on 28 October, the chancellor’s room for manoeuvre, as so often in the past 15 years, appears limited given the amount of investment needed across all sectors against an uncertain economic backdrop. Adam McCulloch explores the choices.
Speculation has centred on increased taxes on bank profits rather than on direct employment costs as the chancellor grapples with rising inflation caused by the US attack on Iran and the need for more defence spending.
The UK has, however, seen tentative signs of improvement in the job market despite the threat of rising inflation, recruitment costs and uncertainty over employment law reform. In this article, employers and HR practitioners ask for practical measures to support hiring and workforce development, while employment lawyers warn that an already stretched tribunal system could come under further pressure without more funding.
‘Neter’ crisis deserves as much attention as Neet problem, urges charity
The Resolution Foundation think tank’s latest assessment suggests the labour market may finally be showing signs of recovery. Payrolled employment increased by 13,000 between July and September, while private sector wage growth rose to 4.3% on an annualised three-month basis between March-May and June-August.
However, the improvement in living standards remains marginal. Real wages have grown by just 1.98 over the past year, and the think tank warns that inflation, forecast to...
The rapper's agency said recent allegations shared online were fabricated, and filed a criminal complaint against the accuser. Rapper Yang Hong-won's agency has denied allegations that he cheated o...