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Gen Z workers say financial worries harm job focus. Nearly half report distraction due to money stress, and most want practical employer help like discounts and education. With hundreds of thousands joining the workforce this summer, urgent questions arise for UK employers.
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UK local authorities increase climate projects despite budget constraints. Nearly half report financial hurdles, with £67 billion identified for climate initiatives. A new CDP report highlights the importance of local actions amid projected GDP declines due to climate disruptions.
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UK aims for 45,000 jobs with new wind strategy. The Onshore Wind Strategy seeks to reverse stagnation, creating skilled jobs and expanding wind capacity by 2030. It includes measures for faster development, community funding, and industry collaboration.
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Fleet demand has powered the UK’s electric vehicle market. The new-car market recorded its strongest June since 2019. Battery-electric vehicle registrations rose 34.6 percent year-on-year in the first half, but private uptake remains subdued and the 2025 ZEV target is still out of reach.
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Rachel Reeves will announce a new Pension Adequacy Commission on 15 July. The review will assess whether UK workplace-saving rules provide adequate retirement income and is set to report back in 2026, amid growing scrutiny of pension outcomes for both employees and the self-employed.
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New rules requiring small businesses to file detailed accounts paused. The government has delayed implementing Companies House reforms over concerns about excessive regulatory burdens on smaller businesses, aligning with its strategy to reduce administrative costs and support economic growth.
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Bank of England shows openness to stablecoins in wholesale markets. Sasha Mills, Executive Director of Financial Market Infrastructure, indicated a potential role for stablecoins in wholesale markets, signalling a shift from the Bank’s cautious stance, amidst industry feedback.
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Seventeen UK firms adopt four-day week after successful trial. The six-month trial led by the 4 Day Week Foundation showed improvements in staff wellbeing and productivity, prompting 12 companies to adopt a permanent four-day week and five to implement a “nine-day fortnight”.
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Frasers Group secures £3.5bn financing for growth and acquisitions. The new package replaces existing loans, enhancing Frasers’ financial strength for future expansion. The facility underscores banking support for its strategy, positioning it well for market opportunities.
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Greggs predicts lower profits due to reduced footfall and sales. The bakery chain’s shares fell over 13% after June’s heatwave. Analysts cite slow sales and rising costs as contributing factors to the expected profit decline.