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UK Edition
28th January 2026
 
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THE HOT STORY

Vacancies for UK jobs continued to fall last month

A survey by online jobs portal Adzuna has found that UK vacancies fell from 745,448 in November to 716,791 last month, a 15% reduction compared with a year earlier, and the weakest full year since 2020. "Competition for roles intensified and hiring slowed across many of the UK's largest sectors as the usual year-end uplift failed to materialise," said Adzuna co-founder Andrew Hunter, who nevertheless observed early indications of a recovery in graduate and entry-level posts.
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WORKFORCE

Young Brits fear bleak job future

More than 70% of UK teens and young adults express anxiety about starting their careers, according to a King's Trust survey. The study, which involved 4,097 respondents, revealed that 73% are concerned about job availability. Jonathan Townsend, UK chief executive of the King's Trust, said: "This new research shows young people today are deeply concerned about their job prospects and futures, particularly those already facing the greatest barriers." Additionally, 59% worry about the impact of artificial intelligence on job security. The report highlights a generation facing economic uncertainty and inadequate preparation for the labour market.

Black market for visa sponsorship revealed

Criminal networks are exploiting Britain's immigration system by selling fake jobs to migrants for thousands of pounds. These bogus positions help individuals secure genuine work visas from the Home Office. Shanti Das, Senior Investigations Reporter at the Times, uncovers the broken visa sponsorship system that enables this trade. Agents offer fake job placements to migrants, charging up to £20,000 for sponsorship certificates without actual employment. The Home Office has announced an urgent investigation into these illegal activities.
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CULTURE

EY partner exits, slams leadership style

Cameron Bird, a former partner at EY, has left the firm, criticising its leadership for being "autocratic." In a farewell email, he expressed discontent with the firm’s direction and described a rigid workplace culture. Bird, who joined EY in 2007 from PwC, claimed senior executives were more concerned with appearances than employee treatment. His departure follows a 2023 EY Oceania cultural review revealing issues including bullying and overwork. Despite his criticisms, Bird thanked supportive colleagues. EY declined to comment on his statements.
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LEGAL

Scientist loses Christmas party lawsuit

Shelby Caughman, a scientist with agoraphobia, has lost her discrimination claim against Echoes Ecology, a Scottish ecological consultancy, after not being invited to a Christmas party. Caughman, who also has ADHD, autism, and PTSD, argued that the exclusion was discriminatory. However, the tribunal found that the company's decision was justified: it aimed to avoid causing her distress. Caughman also alleged harassment and constructive dismissal, but these claims were dismissed as well.
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TAX

BlueCrest's £200m tax showdown looms

BlueCrest Capital Management will appeal to the UK Supreme Court this week in a significant tax dispute with HMRC. The case revolves around the classification of its members as either self-employed or 'disguised employees' for tax purposes. HMRC claims that most BlueCrest members are 'salaried members,' potentially costing the firm nearly £200m in tax liabilities. The Supreme Court will address the issue during a two-day hearing starting today.
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STRATEGY

Revolution rescue deal shuts over 20 sites

The group behind Revolution Bars, Revel Collective, is set to close 21 sites, resulting in 591 job losses, following a rescue deal. Administrators FTI Consulting confirmed that Neos Hospitality acquired Revolution Bars and Revolution de Cuba, while Ted Kennedy took over the Peach pubs chain. Despite saving over 1,500 jobs and 41 venues, some 14 Revolution bars, six Revolution de Cuba bars and one Peach pub will be shuttering with immediate effect, FTI Consulting said.
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LEADERSHIP

KPMG gears up for leadership change

KPMG is in the process of electing a new global chair and CEO as Bill Thomas's term ends on 30 September. Under Thomas, KPMG's revenue grew from $26.4bn in 2017 to $39.8bn in 2025, with staff increasing from 197,000 to 276,000. The firm faces challenges including regulatory fines and competition from private equity firms. Jon Holt, KPMG's UK chief executive, and Gary Wingrove, global COO, are potential candidates. A spokesperson said that speculation about candidates is premature. Holt's term runs until 2029.
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INTERNATIONAL

Minnesota’s biggest companies urge ‘de-escalation’ of tensions

In an open letter coordinated by the Minnesota Chamber of Commerce, chief executives from some of the state’s largest employers have called on federal, state and local officials to pull back from further confrontation following the fatal shooting of ICU nurse Alex Pretti by federal immigration agents in Minneapolis, and work together on a negotiated solution. The letter was signed by top executives of Minnesota’s largest companies and large hospital systems, including Land O’ Lakes, Hormel, U.S. Bancorp, Mayo Clinic and 3M. “Every CEO . . . they want to have a peaceful environment for their employees,” said Bill George, the former chief executive of Medtronic, whose current chief signed the letter. “The larger issue for CEOs,” George added, is that the unrest in Minneapolis “is going to have a very negative effect on their growth, on their innovation and particularly their ability to recruit people from around the country and around the world.”

Russia taps India for labour

Russia plans to recruit at least 40,000 Indian workers by 2026. The hiring initiative follows a labour mobility agreement signed by Indian Prime Minister Narendra Modi and Russian President Vladimir Putin in December. Around 70,000 to 80,000 Indians are already employed in Russia. An Indian diplomat observed: "Russia needs workers, India needs to export unemployment." Russian economist Igor Lipsits has said that a big challenge for most Indian citizens in Russia is overcoming the language barrier. "You bring people into the country with whom you cannot communicate. This means that they can only be employed for the simplest jobs such as hauling, cleaning and shoveling snow," he said.

South Korea launches landmark laws to regulate AI

South Korea has introduced what it says is the world's first comprehensive set of laws regulating artificial intelligence. Under the terms of the AI Basic Act, companies must ensure there is human oversight in so-called "high-impact" AI such as that involving nuclear safety, the production of drinking water, transport, healthcare and some financial uses. Meanwhile, companies must give users prior notice about products or services that use high-impact or generative AI, and provide clear labelling when AI-generated output is difficult to distinguish from reality. Startups, however, complain that the laws' language is vague, and compliance will be burdensome.
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OTHER

UK loses measles elimination status

The World Health Organization (WHO) has announced that the UK has lost its measles elimination status. The change in status was prompted by a spike of 3,600 suspected cases in 2024, and by a decline in vaccination rates below the 95% level needed to ensure herd immunity. As of the end of 2024, vaccine uptake rates were at 92% for the first dose and almost 85% for the second dose. Dr Vanessa Saliba from the UK Health Security Agency said infections "can return quickly when childhood vaccine uptake falls - measles elimination is only possible if all eligible children receive two MMRV doses before school."
 
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