Ideas biznes, Kyiv (2026)

12/08/2022

Jeevun Sandher, economist at Kings College London said "those who are able and willing to work are, generally, working. That is great news". But he added: "The problem we face is that having a job does not mean you will earn enough to escape poverty. Even before this cost-of-living crisis, almost 70% of adults in poverty lived in working households. That has gotten significantly worse - half of us are now cutting back on food."

11/08/2022

The slowing down of the hiring spree that followed the pandemic comes as the Bank of England warned the UK will fall into recession in the final quarter of this year. The bank raised interest rates from 1.25% to 1.75%, in a bid to curb soaring prices.

The jobs report by KPMG and the Recruitment and Employment Confederation suggested rising operating costs and uncertainty over the UK's economic outlook is leading some firms to put the brakes on recruitment, at least for permanent roles.

10/08/2022

"Consumer confidence is already at record lows, and prices look set to rise further, so business and consumers are likely to face further challenges. Let's see what the government has in mind to help navigate us through the winter months."

08/08/2022

"Given the outlook being painted by the Bank of England... one might wonder why anyone would consider switching jobs at all," said Michael Hewson, chief market analyst at CMC Markets.

07/08/2022

The Bank of England said it expects the economy to shrink in the final three months of this year, and keep shrinking until the end of 2023, signalling the longest downturn for the UK economy since the 2008 financial crisis.

Address

Kyiv

Telephone

+380996584253

Website

http://Ideasbiznes.com/

Alerts

Be the first to know and let us send you an email when Ideas biznes posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Ideas biznes:

Ideas biznes