UK businesses cut jobs at fastest pace since 2009 bar the pandemic

• 

  Sainsbury’s to cut 3,000 jobs as rising costs hit business

  Supermarket chain will lose a fifth of senior management roles and close in-store cafés
  
  Financial Times - 1d
• 

  Pay after inflation rises at fastest rate since 2021

  Wage growth increased by 3.4% after taking into account inflation, driven by strong increases in the private sector.
  
  BBC News - 3d
• 

  UK employers cut jobs after Budget, official data shows

  Drop in payrolled workforce comes even as wage growth accelerates
  
  Financial Times - 3d
• 

  Starbucks Expecting Job Cuts by March

  Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.
  
  The Wall Street Journal - 6d
• 

  Treasury Says Pandemic Spending Saved Jobs

  Treasury Secretary Janet Yellen said the Biden administration’s stimulus checks reduced major downside risks.
  
  Inc. - Jan. 15
• 

  Trump ‘considering national economic emergency declaration’ to allow new tariffs; UK 10-year borrowing costs highest since 2008 – business live

  Bond selloff drives yield on 10-year UK bonds to highest since 2008 financial crisis. Rise in UK borrowing costs could push Reeves to new public spending cuts Two UK investment trusts have ...
  
  The Guardian - Jan. 8
• 

  Quits sink to lowest level since the height of the pandemic

  The number of people quitting their jobs fell in November to the lowest level since the height of the pandemic as the number of job openings popped to its highest level since May — both signs of a ...
  
  The Hill - Jan. 7

• UK firms plan price rises as business confidence falls to lowest level since 2022 ‘mini-budget', survey finds

  Firms across hospitality, manufacturing, construction and healthcare expressed concerns about how they would cover additional tax costs.
  
  CNBC - Jan. 6
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  Streeting to unveil extra funding for English hospitals that cut waiting times fastest

  Health secretary’s move intended to push NHS leaders to achieve government’s 18-week non-urgent treatment ‘milestone’
  
  Financial Times - Jan. 4

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  Millennials across the west were united in their economic malaise. Their successors not so much
  
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  Animal spirits in markets risk running too far

  Giddy investors have pushed up stocks in one of the stronger opening months to any year in the past decade
  
  Financial Times - 1h
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  Government must resist the urge to interfere

  The chancellor is right to say that regulation is often an obstacle to growth — it needs to be much smarter
  
  Financial Times - 5h

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