Live coverage of today's political and economic developments, including reports that Meta is planning further job cuts in the UK, comments from ministers on employment policy, and updates on regional unemployment figures.
Meta Job Cut Reports
Reports suggest that Meta, the parent company of Facebook and Instagram, is preparing to cut a significant number of jobs in the UK. The company has not yet confirmed the exact scale or timeline, but sources indicate that the cuts could affect several hundred roles, primarily in its London offices.
The news comes amid a broader tech sector slowdown, with many firms reassessing their workforces after rapid hiring during the pandemic. Meta has already announced major layoffs globally in previous rounds, and this latest move appears to be part of a continued cost-cutting strategy.
Government Response and Employment Policy
In response to the reports, business secretary Pat McFadden is expected to face questions in Parliament about the government's approach to supporting affected workers. Ministers have emphasised the importance of retraining and upskilling programmes, though no specific new measures have been announced in this context.
Meanwhile, the government has been promoting its 'Back to Work' plan, which aims to reduce economic inactivity and help people into employment. Recent figures show that the number of young people not in education, employment, or training (NEET) has risen, prompting calls for more targeted support.
Regional and Industrial Updates
In Wales, unemployment figures have shown a slight improvement, but concerns remain about the long-term impact of industrial changes. The future of Tata Steel's Port Talbot plant continues to be a focus, with unions and politicians urging the government to secure a sustainable future for the site and its thousands of workers.
Mayor Andy Burnham has also been vocal about the need for greater devolution of employment support, arguing that local leaders are better placed to address regional skills gaps. His comments come as the government considers further devolution deals across England.
The day's developments reflect ongoing tensions between global corporate decisions, national policy responses, and local economic realities.
