News Headlines Thursday 18th October 2012

Economics/Employment

The number of people in work in the UK soared to its highest level since records began in 1971 with growth largely driven by a sharp rise in part-time workers. Unemployment fell 50,000 to 2.52m, the lowest level for 14 months. The number of unemployed 16 to 24 year olds dropped below 1m for the first time in a year down 62,000 to 957,000. Overall employment rose 212,000 to 29.59m, taking it above the pre-crisis peak of 29.57m in March-May 2008. FT, p.1,4; Telegraph, p.B4; Times, p.15; Guardian, p.4; Mail, p.2; Express, p.2

Personal Finance

Energy companies will be forced to place customers on the cheapest suitable tariff in an attempt to curb soaring household bills, the PM announced yesterday. While this week the overall cost of living fell to its lowest level in almost three years, energy tariffs have risen with recent prices rises well above inflation. Times, p.1,5; Telegraph, p.1; Sun, p.12

Property

David Cameron will today announce measures to make it easier for big companies to win planning permission for new developments. The PM will set out the publication of the Growth and Infrastructure Bill, intended to bring in billions of pounds of investment and create thousands of jobs. Telegraph, p,1,2 (Christopher Hope)

Employment

Mothers who leave their jobs to have children earn nearly £10,000 less when they return to work according to the Association of Accounting Technicians. Telegraph. P.2

22,500 HR jobs have been created over the last year with a 45% leap in the number of interim vacancies according to HR recruiter Ortus. Sun, p.51

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