Business
Job vacancies fall to four-year low as hiring slows and costs rise
JOB vacancies in the UK have fallen to their lowest level in nearly four years, indicating weakening demand for workers amid rising employment costs.
The number of vacancies dropped to 781,000 in the first quarter of the year, according to the Office for National Statistics (ONS). At the same time, the number of people on company payrolls fell by 78,000 in March, with figures for February also revised down.
While average pay continued to grow—up 5.9% over the year—analysts warn that recent increases in National Insurance Contributions and the National Minimum Wage, introduced this month, could put pressure on future wage growth.
Sarah Coles, head of personal finance at Hargreaves Lansdown, said: “The looming hike in employers’ taxes in April is very likely to have persuaded employers to hold back on hiring. Pausing recruitment is the simplest lever for businesses to pull when they want to slow things down. It’s far cheaper and less damaging than redundancies.”
Employment Minister Alison McGovern welcomed the continued rise in real wages, saying April’s changes would “boost people’s payslips and improve living standards.”
However, the UK employment rate for 16 to 64-year-olds remains at 75.1%, still below Labour’s target of 80%. The unemployment rate stood unchanged at 4.4%.
The ONS cautioned that its jobs data should be treated carefully due to low response rates to its labour market survey.
According to historical data, UK job vacancies had climbed steadily from 730,000 in early 2015 to a peak of 1.3 million in mid-2022. The latest figures mark the first time vacancies have fallen below pre-pandemic levels since mid-2021.
Despite strong wage growth, some economists believe the trend may not last. Yael Selfin, chief economist at KPMG UK, warned: “The short-term impact of the rise in labour costs, which came into effect in April, will likely put downward pressure on pay in the coming months.”
Recruitment firm Manpower said wider market challenges are also having an impact. “We’re seeing much broader scale cutbacks than we’d previously anticipated, as higher costs coincide with Trump-led tariffs and British Steel negotiations,” said Anna Spaul, market intelligence director at ManpowerGroup. “It’s all adding to a greater sense of uncertainty for businesses.”
The Bank of England now faces a dilemma ahead of its May interest rate-setting meeting. Wage growth could delay cuts to interest rates, which currently stand at 4.5%. However, global tariffs and slowing employment may push the Bank to consider action to stimulate the economy.
Business
Tenby sailing club works approved by national park
A CALL for works to Tenby’s listed building sailing club to improve energy efficiency for the community organisation has been given the go-ahead.
In an application to Pembrokeshire Coast National Park, Harrison Richards of Tenby Sailing Club sought permission for replacing 24 timber windows at the Grade-II-listed Tenby Sailing Club, Penniless Cove Hill, with new Accoya timber double-glazed units.
The application added: “An energy survey conducted by Dragon Energy Consultants highlighted the existing single glazing and rotten window frames as a significant contributor to the club’s energy consumption.
“Tenby Sailing Club is a community organisation which seeks to organise activities year-round but faces significant energy costs being housed in a historic building. The current windows are beyond repair, with cracked glazing, decay, water ingress, and poor energy efficiency.
“The two windows at balcony level are not included, as they were previously replaced and remain in good condition. All new units will replicate the existing profiles, dimensions, glazing patterns, and overall appearance, ensuring no visual change to the building’s character.
“The neighbouring three-storey harbour stores occupied by Tenby Sea Cadets have previously replaced the building’s windows with double glazing. This like-for-like replacement in appearance will improve durability, weather resistance, and thermal performance while preserving the special architectural and historic interest of the listed building.”
An officer report recommending approval said: “The Sailing Club was built as a warehouse c. 1825, abutting the C17 sluice. Originally wine stores, it was later used by the local fishermen for stores and is now the home to Tenby Sailing Club, established in 1936.”
It said no adverse comments to the proposals had been received.
It added: “The proposal is to replace the majority (24 total) of windows in painted timber, double-glazed with face-mounted glazing bars of traditional scale and profile. Whilst a modern practice of glazing, the proposal involves no loss of historic fabric, provides an obvious visual improvement and addresses concerns as to heating costs.”
It finished: “The scheme is considered to be in keeping with the character of the listed building, and its setting in terms of design and form. As such, the application can be supported subject to conditions.”
The application was conditionally approved by planners.
Business
Taxi fare shock in Milford Haven as drivers switch to meters
TAXI passengers in Milford Haven are facing a sudden jump in fares, as drivers increasingly switch on their meters and charge full council-approved rates.
One Herald reader said a short return trip from Milford Haven to Neyland cost £30 — around double what he expected to pay.
But drivers insist the prices are not new — they are simply the official tariff now being applied.
Under Pembrokeshire County Council rules, the standard daytime fare starts at £4 for the first mile (£5 after 6pm), rising by around £3 per mile thereafter. Waiting time is also charged, meaning even short return journeys can quickly add up.
Higher rates apply in the evenings, at weekends and on bank holidays.
End of the £3 taxi
Milford Haven has long been known for cheap taxis, with short in-town journeys often costing as little as £3 — far below official rates.
That was down to competition, older vehicles, and the need to keep prices low in a town where many rely on affordable transport.
Drivers say those days are now over.
One local driver told The Herald: “People got used to cheap fares, but that was never the real price. Now we have to use the meter or we’re losing money.”
Fuel costs biting
Most taxis run on diesel, now around 170p per litre locally. For drivers covering long distances each day, the increase has hit hard.
Global tensions in the Middle East have pushed up oil prices, feeding directly into higher fuel costs in the UK.
With fare increases requiring a lengthy council process, many drivers say they have no option but to charge the full tariff.
Vulnerable hit hardest
The change is being felt most by those who rely on taxis the most.
Elderly residents, people on low incomes and those without access to a car are now facing higher everyday travel costs.
There has been no recent increase in Pembrokeshire’s official taxi fares, which have remained broadly unchanged since 2022.
The difference is simple: drivers are now charging them.
As one put it: “We’re not putting prices up — we’re just finally charging what we’re supposed to be charging.”

Business
Cardiff Airport expects Easter passenger surge as demand rises
CARDIFF AIRPORT is preparing for a busy Easter getaway, with more than 46,000 passengers expected to travel through the airport over the holiday period.
The figure represents an 18% increase compared to the same period last year, reflecting growing demand for both sunshine destinations and European city breaks.
The busiest routes this Easter are set to be Alicante, Dublin and Málaga, with flights operated by airlines including Ryanair, Vueling and TUI Airways.
Travellers heading for warmer weather can also take advantage of direct flights to the Canary Islands, including Tenerife, Lanzarote, Gran Canaria and Fuerteventura, alongside popular destinations such as Faro and Palma.
The airport says the increase builds on a strong start to 2026, with passenger numbers continuing to rise.
Chief executive Jon Bridge said the airport is approaching the one million passenger mark and expects the summer season to be its busiest since the pandemic.
He said: “It’s been an incredibly positive start to the year, and we’re looking forward to welcoming more passengers over the Easter period.
“Our teams are working hard to ensure travellers can start their holidays smoothly.”
Passengers travelling over Easter are being advised to allow extra time for their journey and check with airlines for the latest updates.
A total of 46,158 passengers are expected to pass through the airport between March 27 and April 12, with arrivals and departures almost evenly split.
Cardiff Airport said it continues to expand its range of destinations, including the addition of a direct service to Toronto, as it looks to strengthen its role in connecting Wales to international travel.
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