Skip to content
Search

Latest Stories

UK registers record rise in workers on payrolls in May

THE UK witnessed a record increase in the number of workers on payrolls in May as the jobs market continued to recover.

There were 197,000 more people in payroll employment in May compared with April, the steepest increase since records began in 2014, according to the Office for National Statistics (ONS).


Figures also showed the unemployment rate dropped to 4.7 per cent in the three months to April, as against 4.8 per cent previously.

However, unemployment remained high among the young, especially those in London, the data revealed.

"Job vacancies continued to recover in the spring, and our early estimates suggest that by May the total had surpassed its pre-pandemic level, with strong growth in sectors such as hospitality,” said Sam Beckett, ONS head of economic statistics.

"Meanwhile the redundancy rate remains subdued, while the number of employees on furlough has continued to decline,” he added.

In 2020, unemployment grew sharply as the UK went through successive lockdowns, but it gradually reduced this year after the government eased restrictions.

With the number of job vacancies in most industries above pre-pandemic levels in May, firms seem to be expanding again, according to the ONS.

More For You

Tesco boss Ken Murphy backs pubs in business rates row, urges government reforms

The average pub is expected to see its business rates bill rise by 76 per cent over the next three years

iStock

Tesco boss Ken Murphy backs pubs in business rates row, urges government reforms

Highlights

  • Tesco CEO Ken Murphy supports pubs struggling with business rates after Covid relief ended.
  • Average pub business rates bill to rise 76 per cent over next three years following Chancellor's Budget shake-up.
  • Labour's Pat McFadden refuses to rule out changes to property tax system amid mounting pressure.

Tesco chief executive Ken Murphy has backed Britain's struggling pubs in their battle against business rates increases, urging ministers to urgently reform the "fundamentally unfair" taxation system.

Murphy said pubs were suffering from higher property taxes after the end of Covid-era rates relief, which has added further costs to stretched landlords already grappling with minimum wage rises and increased employers' National Insurance contributions.

Keep ReadingShow less