31 h. ago Voices: When it’s Rachel Reeves vs Andrew Bailey, I know who my money’s on

The governor of the Bank of England's response to the chancellor trying to talk up the flagging jobs market is quietly devastating, writes James Moore

Politics

40 h. ago Business news live: FTSE 100 latest updates with Bank of England warning of jobs market slowdown

Stock markets latest updates and business news on Friday

Events

42 h. ago Labour government must protect disabled people's incomes if they want second term

"Starmer needs a rethink and ensure savings are made from targeting people who can work, but who are currently out of the jobs market."

Politics

57 h. ago BoE’s Bailey sees signs of softer jobs market and predicts further rate cuts

Central bank governor highlights lower labour demand and ‘significant decline’ in wage growth

Politics

57 h. ago BoE’s Bailey sees signs of softer jobs market after National Insurance rise

Central bank governor highlights lower labour demand and ‘significant decline’ in wage growth

Politics

59 h. ago Starmer admits employer national insurance tax hikes piled pressure on British business

Keir Starmer said the government recognised it has ‘asked a lot’ of British firms since the general election

Economics

61 h. ago College graduates face toughest job market in more than a decade as hiring slows

Young people graduating from college this spring and summer are facing one of the toughest job markets in more than a decade

Politics

4 d. ago BoE’s Bailey warns on UK productivity in challenge to Reeves

Governor said he was ‘sceptical’ about OBR assumption of a rebound in growth rates

Events

4 d. ago Bank of England governor Andrew Bailey warns Trump trade wars are creating unpredictability; UK restricts steel imports – as it happened

Bailey says the BoE doesn’t know how trade wars will play out, as UK brings in new restrictions on steel imports Oil prices sink after Iranian strike on US airbase reduces fears of market disruptionTravel and leisure stocks across Europe are rallying too.This has pushed up the STOXX Europe travel and leisure index by 4.1% in early trading, which Reuters reports it the biggest one-day jump since 10 April. Continue reading...

Events

5 d. ago Revealed: British minimum wage soars to the second highest in Europe as businesses sound alarm over impact on the UK job market

The National Living Wage - which is the minimum for anyone aged 21 and over - increased by 6.7 per cent to £12.21 an hour this April.

Economics

8 d. ago UK grocery watchdog investigating Amazon over alleged supplier payment delays; company insolvencies jump – business live

Groceries Code Adjudicator calls on suppliers to share their experiences of working with AmazonThe number of companies collapsing across England and Wales jumped last month, in a sign of the economic pressures hitting firms.There were 2,238 company insolvences in England and Wales during the month, which is 8% higher than in April and 15% more than in May 2024.“This latest rise in corporate insolvencies reflects the harsh reality many businesses face: fragile demand is not keeping pace with rising costs. Even the increasingly-likely prospect of rate cuts in August won’t do much to fix this – insolvency levels will remain elevated for the foreseeable future.“Sectors like hospitality are having a particularly challenging time in this environment, in no small part due to the impact on labour costs of April’s National Insurance and minimum wage increases. These businesses are now approaching what are some of their peak months and will be hoping for strong trading to bolster their resili...

Economics

8 d. ago Pressure grows on Reeves to raise taxes as borrowing hits £17.7bn in May

The borrowing was the highest on record for May outside the pandemic

Economics

8 d. ago Government borrowing jumps despite boost from national insurance hike

The ONS said borrowing rose to £17.7 billion last month, the second highest figure on record for May.

Politics

8 d. ago New call to scrap National Insurance deductions for working people aged over 60

National Contributions are no longer taken from wages when someone reaches State Pension age.

Politics

9 d. ago Young workers urged to download HMRC app to avoid summer job meltdown

The HMRC app gives instant access to crucial information such as National Insurance numbers, tax codes and previous employer details - all essential when applying for seasonal work

Politics

1 week ago German insurer Allianz slashes 650 British jobs amid 'higher claims costs and softening market conditions'

Allianz employs around 6,000 people in the UK at sites including its Guildford headquarters and a legal protection office in Bristol.

Economics

1 week ago New York City might elect a truly progressive mayor – thanks to ranked

Mamdani’s campaign deserves credit for offering a clear, inspiring, progressive message. But ranked-choice voting is also helping make him competitiveWith a week left until New York’s Democratic mayoral primary, one might have thought that the former governor Andrew Cuomo would be measuring the drapes at Gracie Mansion. Real estate developers, corporations like Doordash, a smattering of billionaires and even Billy Joel have shoveled cash into his campaign, with his Super Pac spending more money than any other outside force in the city’s political history. This is on top of his entering the race with major name recognition advantage, amounting to a 20- or 30-point lead as recently as May.But according to a new poll, Zohran Mamdani – the insurgent state assemblyman and democratic socialist whom the Nation recently co-endorsed along with fellow mayoral candidate and New York City comptroller Brad Lander – has pulled ahead of Cuomo for the first time.Katrina vanden Heuvel is editorial d...

Politics

1 week ago AO World looking to automation and offshoring in face of wage cost surge

The group is set for around an extra £8 million a year in costs from April’s higher national insurance contributions and minimum wage rise.

Politics

1 week ago Older people urged to check for State Pension back payments worth over £8,300

DWP has paid our more than £100 million in arrears payments for historical errors linked to National Insurance credits.

Economics

1 week ago Brits warned against travel to two new countries as UK updates Foreign Office advice

The Foreign and Commonwealth Office has told Brits not to travel to two countries and it says visiting certain nations could invalidate your travel insurance

Events