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Labour markets in many leading economies are freezing up as uncertainty over trade, tax and artificial intelligence causes employers to put off hiring and firing and employees to stick with their jobs. Employment grew at an annualised rate of just 0.5 per cent in the US and 0.4 per cent across the rest of the … Read more
British Prime Minister Keir Starmer touches his glasses during a press conference with U.S. President Donald Trump (not pictured) at the White House in Washington, D.C., U.S., Feb. 27, 2025. Brian Snyder | Reuters Seldom, if ever, can a British prime minister, barely a year into office and sitting on an enormous parliamentary majority, have … Read more
Stay informed with free updates Simply sign up to the UK employment myFT Digest — delivered directly to your inbox. The UK jobs market weakened further at the start of the summer as employers grappled with a steep rise in taxes, a higher minimum wage and the uncertainty unleashed by the US trade war, official … Read more
This article is an on-site version of Free Lunch newsletter. Premium subscribers can sign up here to get the newsletter delivered every Thursday and Sunday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Welcome back. This week, as promised, I return to Britain and its mounting fiscal problems. Capital Economics estimates … Read more
Before taking office last July, UK Chancellor of the Exchequer Rachel Reeves met business leaders over a series of breakfasts that became known as the smoked salmon and scrambled eggs offensive. British bosses were clamoring for change after 14 years of rule by the opposition Conservative party, and her pitch went down well. But a … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Since coming to power, the thing Labour has most successfully communicated is helplessness. A sense of despair has spread to businesses, to households, to the Parliamentary Labour party and across Westminster. It has become commonplace … Read more
Britain’s Prime Minister Keir Starmer speaks on the phone to U.S. President Donald Trump at a car factory in the West Midlands, Britain, Thursday, May 8, 2025. Alberto Pezzali | Via Reuters U.K. government borrowing costs spiked on Wednesday, amid mounting signs of division within the governing Labour party. The yield on benchmark 10-year government … Read more
This report is from this week’s CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and the key personalities shaping the news. The newsletter will also highlight other key developments in the U.K. that you won’t want to miss, plus a preview of … Read more
This article is an on-site version of Free Lunch newsletter. Premium subscribers can sign up here to get the newsletter delivered every Thursday and Sunday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Welcome back. Next week marks the first anniversary of the UK Labour party’s return to power after 14 … Read more
Almost a year ago, Sir Keir Starmer proclaimed that “the work of change begins immediately”. Standing on the steps of Downing Street only hours after becoming prime minister, he laid out bold plans — from reviving the NHS to fixing the British economy to spurring housebuilding — and asked people to judge his government on … Read more
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