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Ukraine refugees face dwindling job opportunities in the U.K.

Ukraine refugees face dwindling job opportunities in the U.K.

Merely weeks after Russia invaded Ukraine in 2022, the British government mobilized to offer asylum to people fleeing the conflict. Now refugees are struggling to find the high-quality jobs that their qualifications deserve. As the Russo-Ukrainian war grinds into its third year, visas issued to first arrivals are approaching expiry just as the U.K. labor...

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Unemployment and inactivity rise as Britain’s jobs market ‘continues to falter’, ONS figures show

Unemployment and inactivity rise as Britain’s jobs market ‘continues to falter’, ONS figures show

Unemployment and economic inactivity in the UK are both continuing to rise, data from the Office for National Statistics (ONS) has shown, raising fears that economic uncertainty is still affecting the labour market.  May’s Labour market overview revealed that unemployment increased to 4.3 per cent between January and March 2024 – the highest level for...

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HSBC and Deloitte withdraw job offers for foreign graduates in UK after visa rule change

HSBC and Deloitte withdraw job offers for foreign graduates in UK after visa rule change

HSBC and Deloitte have recently rescinded job offers to foreign graduates in the UK, citing the government‘s new stringent visa regulations. This move follows the government’s increase in the salary threshold for skilled worker visas, from £26,200 to £38,700 for general workers, and to £30,960 for individuals under 26. The Financial Times interviewed affected graduates,...

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Pound To Euro Exchange Rate News, Forecast: GBP/EUR Awaits UK Jobs Data

Pound To Euro Exchange Rate News, Forecast: GBP/EUR Awaits UK Jobs Data

The Pound Euro (GBP/EUR) exchange rate traded in a wide range for the majority of last week, striking a new two-week low on Wednesday ahead of the Bank of England (BoE)’s interest rate decision. At the time of writing, the GBP/EUR exchange rate traded at around €1.1622, virtually unchanged from Friday’s opening levels. The Pound...

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Welsh FM urges Tata Steel to wait for Labour government before cutting jobs

Welsh FM urges Tata Steel to wait for Labour government before cutting jobs

The First Minister of Wales has pleaded for Tata Steel to wait for a Labour government before shutting off its blast furnaces and making thousands of job cuts. Following seven months of discussions with unions, Tata revealed last month it is proceeding with plans to shut down two blast furnaces and invest £1.25 billion in an electric...

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Carpetright to axe over 25% of head office staff

Carpetright to axe over 25% of head office staff

One of Britain’s biggest carpet retailers is axing more than 25% of its head office staff as it grapples with a protracted downturn in trading. Sky News understands that Carpetright, which is privately owned, notified staff on Tuesday morning that roughly 70 jobs would be lost as part of a cost-cutting process. The redundancies will...

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