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UK Edition
30th March 2026
 
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THE HOT STORY

M&S boss doesn't like talk about work-life balance

Marks & Spencer CEO Stuart Machin has criticised senior executives who disconnect from work while on holiday. Speaking at a business event in central London, Machin said he prefers leaders to remain engaged, and rejects traditional notions of work-life balance in favour of broader personal responsibility. Since becoming CEO of M&S in 2022, he says he has replaced his entire executive team as part of a wider turnaround strategy. Machin highlighted a strong focus on curiosity and accountability in leadership hires, including requiring new executives to present candid assessments to the board early in their tenure. Machin also said that rising costs and Labour's new regulations are squeezing entry-level job opportunities for young people. He stressed the importance of retail and hospitality in providing first job experiences, and urged a re-evaluation of policies that he said disincentivise hiring young workers.
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LEADERSHIP

Microsoft announces overhaul of its human resources team

Microsoft is making changes across human resources, and the company's chief diversity officer, Lindsay-Rae McIntyre, is leaving to become chief people officer of another organisation. Meanwhile, the tech giant is close to hiring a new talent acquisition head who will report to Chief People Officer Amy Coleman. The company is going through an “AI-powered transformation,” wrote Coleman, who took on her role last year. “As technology and the way we work at Microsoft continue to evolve, we are transforming our people function so Microsoft remains a place where our employees can do their best work,” a spokesperson said in an email to CNBC. “The organisational updates we are making today align closely to our business priorities, and help us work more closely across teams, move faster, and simplify how we operate in support of our employees and customers.”
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WORKFORCE

Blunkett: Youth jobs push must go further

Writing in The Times, David Blunkett, a former education and employment secretary, argues the government’s new measures to tackle rising youth unemployment mark a positive and overdue shift away from bureaucratic inertia. He supports incentives like £3,000–£5,000 payments to employers, alongside maintaining key qualifications, as steps toward addressing a growing crisis affecting nearly 1m young people. However, he stresses that such efforts must become a sustained, coordinated effort. Drawing on examples like the Netherlands, Blunkett highlights the need for stronger vocational training (especially apprenticeships), better coordination between national and local policy, and clearer support systems for young people. He concludes that with the right long-term approach, the UK could reconnect hundreds of thousands of young people to work or education, delivering major social and economic benefits.

DWP faces mass exodus over visa rules

Changes to visa rules could force at least 1,500 civil servants at the Department for Work and Pensions (DWP) to leave the UK. The Public and Commercial Services (PCS) union reports that foreign nationals, who expected to transition to skilled worker visas, now face uncertainty. Labour MPs have condemned the "reckless" changes, warning of a staffing crisis as the government implements new benefit schemes. PCS general secretary Fran Heathcote said: "Forcing them to leave is not only cruel, it's a loss of talent and investment the UK can't afford." The government has not disputed the PCS's estimates.
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STRATEGY

KPMG to cut almost 600 UK jobs as slowdown persists

Nearly 600 jobs are at risk at KPMG’s audit business while its advisory arm will slash about 120 roles as low attrition rates hamper cost-cutting efforts amid tough market conditions. "Current market conditions mean our attrition rates are very low within certain parts of our audit population, which is why we are proposing to right size those areas," a spokesperson for KPMG UK said. "This isn’t a decision we take lightly."
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REMOTE WORKING

Tax relief for remote workers ends soon

The government will eliminate working from home tax relief starting April 5. Remote workers could lose up to £140 annually if they fail to claim before the deadline. Olya Yakzhina, head of people and culture at Work.Life, advises workers to check their eligibility for tax relief, which allows claims on expenses including gas and electricity. Only fully remote employees can claim; hybrid workers are ineligible.

SocGen ditches ‘shadow’ trading floors in favour of work from home

Société Générale is offloading backup sites in locations including France and the UK after deciding that investment bankers can work from home if its main facilities are out of action.
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TAX

ITV braces for tax battle fallout

ITV has allocated £66m to address potential disputes with HM Revenue & Customs (HMRC) over pay arrangements for presenters. The company faces scrutiny over IR35 legislation, which targets "disguised employees." Many presenters previously worked as freelancers, avoiding employee taxes. Notable cases include Lorraine Kelly, who won her battle, and Eamonn Holmes, who lost. Following a shift in responsibility for employment status to employers in 2021, ITV's chief executive Dame Carolyn McCall said: "Due to ongoing reviews by HMRC and court cases in this matter, the final amount payable could be significantly different to the £66m currently provided." The company reported pre-tax profits of £338m last year.
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INTERNATIONAL

Germany seeks tighter scrutiny over cross-border takeovers

Germany’s Finance Minister Lars Klingbeil says he wants to force foreign companies to form joint ventures with local businesses to operate within Europe, in a bid to obtain greater scrutiny over cross-border takeovers. The proposals aim to protect German firms in sectors where they “have fallen behind technologically,” according to a finance ministry document. Bloomberg notes the idea would mirror a method already employed in China. “I know these are tough measures and tough demands,” Klingbeil said. “But they are necessary if we are to safeguard technologies and jobs here in Europe.” Klingbeil also called for changes in income tax that he said would deliver several hundred euros a year in relief to 95% of employees. "Anyone who works hard and works ​more will finally have more ​money in their pocket as ⁠a result of this reform," he said, adding that higher earners and wealthy asset holders should shoulder more of the burden. The new proposals also seek the abolition of the current income splitting system for married couples, which lowers ‌taxes ⁠for partners with unequal earnings.

Amazon offers $1,000 prizes for delivery drivers

Bloomberg reports that Amazon is offering $1,000 prizes to delivery drivers who share what they love about their jobs. The "My Why" contest from the world’s largest e-commerce company is for drivers employed by delivery service partners, a network of small businesses that Amazon contracts with to manage workers who bring its packages to customers. Amazon said the competition is meant to "spotlight the drivers employed by our partners and celebrate the diverse motivations for doing this work and supporting their communities." Jerome Sloss, a New York City delivery driver and a Teamsters union activist who supports a New York bill that would require companies such as Amazon to directly employ last-mile delivery workers, said: “They’re not even acknowledging us as actual employees, but they’re offering us $1,000 to talk about why we like ‘delivering smiles.’”

Standard Chartered 'balance the scales' for women in the workplace

Business Times Singapore reports on the policies that are part of Standard Chartered's commitment to “balancing the scales” - empowering and supporting its female employees to thrive within the organisation. Standard Chartered was among the first banks in Singapore to offer shared parental leave of at least 21 weeks to all employees regardless of gender or how a child came to join the family. The bank also provides support to staff managing menopause, including medical coverage for related symptoms. Patrick Lee, Standard Chartered's chief executive officer for Singapore, Asean and South Asia, says an inclusive culture is now “deeply ingrained” throughout the organisation. “We know that having a diversity of perspectives and lived experiences improves our ability to innovate, solve problems and enable better outcomes for our diverse client base, and is key to how we execute and accelerate our strategy,” he explains.
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OTHER

OpenAI abandons erotic chatbot

OpenAI has shelved plans to release an erotic chatbot “indefinitely” amid concerns from employees and investors about the effect of sexualised AI content on society. “AI shouldn’t replace your friends or your family; you should have human connections,” commented one former senior employee, who said they left OpenAI in part due to the issue.
 
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