Category : Search result: rate cuts


Youth Unemployment Hits Hardest as Rates Rise

New figures reveal a sharp rise in UK unemployment, with young people aged 16-24 bearing the brunt. We explore the causes and potential solutions with careers expert Shoshanna Davis. Listen to the full Sky News Daily podcast.

UK unemployment rises, youth hardest hit

UK unemployment climbs to 5.1% as labour market weakens, with youth unemployment reaching 16%. Wage growth slows amid budget speculation and business costs. Read the latest ONS data.

UK Jobless Rate Hits 5.1% as Labour Market Weakens

UK unemployment rises to a four-year high of 5.1%, with payroll numbers falling sharply. Wage growth slows, increasing pressure on the Bank of England to cut rates. Read the full analysis.

Unemployment Data to Test Labour Government

New UK unemployment figures and sticky inflation data will shape the Bank of England's crucial interest rate decision this Thursday. Follow the latest economic snapshot.

11 killed in South African bar shooting

At least 11 people, including a 3-year-old boy, were killed in a shooting at an illegal tavern in Pretoria. Police are hunting for three suspects. Read the latest.

11 killed in South African bar shooting

At least 11 people, including three children, were killed in a shooting at an illegal bar in Pretoria. Police are hunting three suspects. Read the latest on this tragic incident.

New England warming at double the global rate

A new climate report shows New England's temperature rising twice as fast as the world's. Discover the impacts on seasons, ecosystems, and what it means for the future.

UK 2026 Growth Forecast Slashed to 1% by KPMG

KPMG forecasts UK GDP growth will slow to 1% in 2026, with unemployment rising to 5.2%. Business surveys reveal deepening pessimism across services and manufacturing sectors.

Budget Motability cuts follow rightwing campaign

Rachel Reeves targets Motability scheme in budget, removing tax breaks for premium vehicles after rightwing social media campaign. Disability groups condemn lack of consultation.

IFS Warns Budget Tax Plans Are 'Fiscal Fiction'

The Institute for Fiscal Studies warns Jeremy Hunt's budget relies on 'fiscal fiction' with unrealistic spending cuts and tax rises. Read the full analysis of the UK's financial outlook.

HP cuts 6,000 jobs in AI-driven restructuring

HP announces up to 6,000 job cuts by 2028 as it embraces AI technology. The restructuring aims to save $1bn annually while improving product innovation and customer service.

Reeves Confronts £110bn Debt Crisis in Budget

Chancellor Rachel Reeves must balance tax rises with spending cuts as Britain's debt servicing hits £110bn annually. Can she ignore political pressure and fix public finances?

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