Unemployment falls to 3.8%

May 15, 2019 |

The unemployment rate in the UK has fallen to its lowest rate in nearly 45 years, at 3.8%. Figures from the Office for National Statistics show that from January to March 2019, an estimated 1.3 million people were unemployed, while 37.2m were in employment. The last...

Increasing state pension age fuels jobs market growth

Apr 17, 2019 |

Increases in the state pension age are believed to be partially responsible for the UK's employment rate reaching its highest rate since records began in 1971. According to the Office for National Statistics (ONS), the employment rate in the UK reached 76.1% between...

‘Positive action’ needed for retail and hospitality

Mar 19, 2019 |

Businesses in retail and hospitality risk being left behind by the Government's Industrial Strategy, according to a report by the Business, Energy and Industrial Strategy (BEIS) committee. The committee said that while the Industrial Strategy has focused on support...

BoE forecasts slow growth for 2019

Feb 8, 2019 |

The Bank of England has downgraded its growth forecast, predicting the most sluggish year in the UK economy since 2009. It expects GDP growth of 1.2% in 2019 - down from the forecast of 1.7% made in November 2018 - citing the impact of Brexit uncertainty and a slowing...