Ukraine’s defence sector is rapidly transforming amid ongoing conflict, with homegrown technologies like the long-range “Flamingo” missile boosting military autonomy and shifting the strategic balance. As Russia’s economy weakens under falling energy revenues and rising costs, pressure is mounting for a ceasefire — especially if the rouble again breaches 100 to the dollar, a threshold that could make continued war unsustainable.
UK pay growth is diverging, with public sector wages up 6.0% versus 4.4% in the private sector, while productivity continues to lag. Economists warn this imbalance risks fuelling inflation as firms turn to AI and automation to offset rising labour costs
UK borrowing costs have hit a 27-year high of 5.7%, with debt interest now consuming 17.9% of tax revenues—up from 9% in 2019. Inflation-linked bonds and a widening deficit are intensifying fiscal pressure, as the government faces tough choices between tax hikes, spending cuts, and market confidence.
This report explores labour market trends across the South of England in 2025, led by 8.5% growth in marketing roles and strong hiring in retail, consumer goods, and engineering. It highlights how leading employers such as Balfour Beatty and the University of Oxford are driving regional expansion through investment in infrastructure and innovation.
The number of young people in the UK not in education, employment or training has risen to 948,000 — a 22% increase since before the pandemic. A new government scheme promises work placements for long-term claimants, but questions remain over sanctions, job quality, and whether it tackles the deeper structural issues driving youth unemployment.
