All articles tagged with #uk jobs
The US announced a record £150bn investment in the UK during President Trump's visit, expected to create over 7,600 jobs across various sectors, with major contributions from Blackstone, Microsoft, Google, and others, signaling strong economic ties and growth opportunities.
Jaguar Land Rover plans to cut up to 500 management jobs in the UK due to declining sales and profits impacted by US trade tariffs, which have increased costs and disrupted exports. The company is offering voluntary redundancies and is adjusting its workforce in response to challenging global trade conditions, while also preparing for increased electric vehicle production.
The pound remained steady after UK wage data showed strong growth in July despite a weakening labor market, creating uncertainty ahead of the Bank of England's decision next week. Wages excluding bonuses rose 7.8% compared to the previous year, in line with expectations, while wages including bonuses increased to 8.5%. The unemployment rate ticked up to 4.3%. The data puts the Bank of England in a difficult position, with some policymakers suggesting it is too soon to stop raising interest rates. Traders are pricing in an 82% chance of a rate hike next week.