Unemployment falls to 3.8%

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

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...

Businesses warn against no-deal Brexit

Business groups have called for politicians to work together to avoid leaving the EU without a deal, following Parliament's historic rejection of the Government's Brexit proposal on 15 January 2019. MPs voted 432 votes to 202 to reject Prime Minister Theresa May's...

Brexit uncertainty knocks SME confidence

Small business confidence has fallen to its lowest point since 2011, amid continued uncertainty surrounding Brexit negotiations. According to a survey by the Federation of Small Businesses (FSB), SME confidence fell to -9.9 in the last three months of 2018. This...

Skilled migration set to fall further

Businesses that employ foreign workers will be among the worst hit by Brexit, according to research from academic think tank The UK in a Changing Europe. The report suggests that skilled immigration increases productivity, with a rise in the skilled migrant share of 1...