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Recent Editions
North America
Human Times
Interviews and documents seen by Reuters suggest that workers who were fired from federal agencies for alleged poor performance as part of U.S. President Donald Trump's government overhaul received excellent performance reviews before being let go. A dozen workers who were fired from seven government agencies have told Reuters that they received letters that cited their performance as a reason for their dismissal. All twelve said they had received high performance reviews in recent weeks or months. "The Agency finds, based on your performance, that you have not demonstrated that your further employment at the Agency would be in the public interest," one of the letters said. Anna Kelly, a White House spokesperson, said: "President Trump and his administration are delivering on the American people’s mandate to eliminate wasteful spending and make federal agencies more efficient, which includes removing probationary employees who are not mission critical."
Full Issue
UK
Human Times
Analysis by the Recruitment and Employment Confederation (REC) shows that companies increased hiring in January. The REC report shows that there were 1,516,535 job postings in January, an increase of 7.2% on the previous month and the first rise in job postings since June 2024. The number of new job postings came in at 738,040. This was up 34.4% on December and exceeds the 27.9% increase recorded in January 2024. REC deputy chief executive, Kate Shoesmith, said that while there were “tough conversations going on in boardrooms across the country” over the extra costs from inflation and higher taxes, the latest data “suggests it is too soon for gloom about the UK economy’s prospects overall for 2025.” She added: “The increase in job postings is a clear sign that employers will hire when they need to. A 34.4% increase in new jobs signals a solid rebound in demand, showing that businesses remain resilient, despite both domestic and international headwinds.”
Full Issue
USA
Education Slice
The Senate Health, Education, Labor and Pensions (HELP) Committee has advanced the nomination of Linda McMahon to be Education Secretary by a party-line vote of 12-11, sending her confirmation to the full Senate for a full vote in the near future. “If confirmed Ms. McMahon has the tall task of reforming a Department of Education that has lost its purpose," Senate HELP Chair Bill Cassidy (R-LA) said, before Thursday's vote. "For the last four years, the department focused on everything but student learning with bureaucracy and red tape standing in the way of student success. We need a strong leader at the department who will get our education system back on track." Ranking member Bernie Sanders (I-VT), said of the Education Department: “Is it a perfect entity? No. Is it bureaucratic? Yes. Can we reform it? Yes. Should we abolish it? No", before adding: “It doesn’t really matter who the Secretary will be, because he or she will not have the power."
Full Issue
USA
Accountancy Slice
The U.S. Senate approved a Republican bill early this morning that aligns with President Donald Trump's immigration, energy, and defense policies, despite his preference for a more extensive House version that includes $4.5tn in tax cuts. The Senate's resolution, which passed 52-48, emphasizes increased defense spending and stricter immigration measures while promoting fossil fuel development. The legislation, which leaves the issue of Mr. Trump's desired extension of his 2017 tax cuts to a later date, will serve as a backup in case House Republicans cannot come to an agreement on how to pay for the tax cuts in their bill without slashing funding for popular safety net programs like Medicaid and Social Security. Senate Budget Chair Lindsey Graham stated: "I hope we can get one big, beautiful bill in the House, but we need to act on border security and national security now." The Senate's $340bn budget resolution allocates an additional $85bn annually for four years to enhance border security and military spending, while the House plan seeks to cover costs through $2tn in spending cuts. Both chambers must agree on a budget to enable Republicans to advance Trump's legislative agenda.
Full Issue
Scotland
Legal Matters Scotland
Scotland is facing a "dire" shortage of defence lawyers, according to the Scottish Solicitors Bar Association. The body's president, Simon Brown, highlighted the urgent need for increased legal-aid rates and called for the establishment of a new review mechanism to ensure the system was fit for purpose. He said the current system fails to provide competent representation, particularly for domestic abuse cases. The Law Society of Scotland has warned that one third of practitioners are nearing retirement, exacerbating the crisis. Tony Lenehan, vice-dean of the Faculty of Advocates, said the professions of both solicitors and advocates were "two decades deep into a cycle of real-world pay cuts", with the pressures on the former directly impacting on the number of advocates. Dr Marsha Scott, chief executive of Scottish Women's Aid, noted that staff often make 40 to 50 calls to secure legal representation for clients, indicating a severe lack of available solicitors.
Full Issue
North America
Legal Slice
U.S. government employees facing job losses due to President Donald Trump's ongoing federal workforce purge will encounter significant challenges in seeking legal recourse. The primary avenue for contesting firings is the Merit Systems Protection Board, whose work has been hindered by Trump's attempts to exert control over independent agencies. Many employees may hesitate to pursue legal action due to the complex process and associated costs. "It will take lots of encouragement to get these people to challenge their terminations," observed Michael Fallings, an Austin, Texas-based lawyer who represents federal employees. The board's rulings favor employees in only 2.4% of cases, and the lengthy appeals process often results in workers finding new employment before their cases are resolved. Trump's recent actions to consolidate control over the board could further diminish employees' chances of success in challenging firings.
Full Issue
Europe
Risk Channel
Rachel Reeves has urged financial services firms to work with development institutions and within emerging markets. The Chancellor met with firms including Aviva, HSBC and Schroders to call on the industry to seize on growth opportunities and boost London’s position as a leader in development finance. At a roundtable co-hosted with Odile Renaud-Basso, president of the European Bank for Reconstruction and Development, Reeves launched the London Coalition on Sustainable Sovereign Debt, which will be co-chaired by City Minister Emma Reynolds. The coalition will look to bring the government and private sector stakeholders together to boost sustainable sovereign debt financing. Reeves said: “Business and government must work together to seize opportunities in emerging markets and kickstart economic growth,” adding: “The UK’s world-leading financial centre can help countries unlock new opportunities for our brightest and best British companies to create wealth and drive growth.”
Full Issue
North America
CFO Slice
The U.S. Senate approved a Republican bill early this morning that aligns with President Donald Trump's immigration, energy, and defense policies, despite his preference for a more extensive House version that includes $4.5tn in tax cuts. The Senate's resolution, which passed 52-48, emphasizes increased defense spending and stricter immigration measures while promoting fossil fuel development. The legislation, which leaves the issue of Mr. Trump's desired extension of his 2017 tax cuts to a later date, will serve as a backup in case House Republicans cannot come to an agreement on how to pay for the tax cuts in their bill without slashing funding for popular safety net programs like Medicaid and Social Security. Senate Budget Chair Lindsey Graham stated: "I hope we can get one big, beautiful bill in the House, but we need to act on border security and national security now." The Senate's $340bn budget resolution allocates an additional $85bn annually for four years to enhance border security and military spending, while the House plan seeks to cover costs through $2tn in spending cuts. Both chambers must agree on a budget to enable Republicans to advance Trump's legislative agenda.
Full Issue