EMPLOYMENT Youth unemployment hits alarming new high City AM Daily Mail The Guardian The number of young people in the UK classified as not in education, employment, or training (Neet) has risen to 957,000, according to the Office for National Statistics (ONS). This...

TAX IHT burden set to climb due to lost allowance The Times Families are bracing for a significant inheritance tax burden due to rising house prices and upcoming pension tax changes. According to the wealth manager Quilter, over 16,000 estates will exceed £2m by...

TAX HNWI confidence hit by tax hikes City AM Wealthy individuals in the UK are losing confidence in the economy, according to a survey by Saltus, with overall sentiment dropping from 66% to 59% in six months. High-net-worth individuals (HNWIs) cite tax rises and high...

EMPLOYMENT Job vacancies at lowest level since 2021 The Daily Telegraph City AM Daily Mail The UK's job market has experienced a significant downturn, with total vacancies falling to their lowest level since 2021. According to Adzuna, job advertisements dropped 16%...

OUTLOOK UK hit by entrepreneur exodus City AM Nearly 6,000 high-growth business owners have left the UK in the past two years, driven by tax regime changes and economic competitiveness concerns, according to analysis of Companies House filings by Rathbones. The...

OUTLOOK Small businesses brace for cost crunch City AM Small businesses are facing an "unprecedented cost crunch" as April approaches, with over a third planning to cut output or shut down. The Federation of Small Businesses (FSB) warned that rising energy costs,...

EMPLOYMENT Businesses brace for new employment laws City AM The first slate of reforms under the Employment Rights Act have come into force, enhancing trade union powers for employees. Key changes include the repeal of most provisions of the Trade Union Act 2016 and...

EMPLOYMENT UK unemployment soars to five-year high Financial Times City AM London Evening Standard The Guardian UK unemployment has reached 5.2%, the highest level since early 2021, according to the latest labour market data. The jobless rate increased from 5.1% in...

FINANCE UK to develop alternative to Visa and Mastercard Bank of England GOV.UK Daily Express GB News The Guardian A new initiative backed by the Government and funded by the City will develop a new payments company amid concern that systems owned by Mastercard and...

ECONOMY Customs union plan sparks economic fears Sunday Express The Prosperity Institute think-tank has warned that Labour's support for rejoining a customs union could cost the UK economy £30bn-40bn annually. Chancellor Rachel Reeves claims closer ties with the EU...