Rachel Reeves risks clash over youth mobility scheme with EU
Rachel Reeves is in favour of relaxing visas for young Europeans as part of an EU reset deal after studies found it would deliver a significant boost to the economy.
The chancellor is understood to be supportive of a generous Australia-style scheme allowing 18 to 30-year-olds to live and work in the UK temporarily.
The EU has made a Youth Mobility Scheme one of its key demands during negotiations ahead of a major EU-UK summit in London on May 19. Brussels would like the scheme to be as broad as possible, allowing young Europeans to live, work and study in the UK for up to four years.
However, Yvette Cooper, the home secretary, has argued internally against a scheme allowing Europeans to stay for
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News.com.au
13-06-2025
- News.com.au
Jobs marketplace says ‘ghosting' of Gen Z jobseekers is rife
Sarah* sent an email she never expected to get a response to. The 23-year-old had just graduated from a communications and media degree in Melbourne and sent a 'cold email' to an employer at her dream job. She was shocked when she heard back and was told there was a role 'that would be perfect' for her. 'The only problem is that it was in Sydney. I told them I was based in Melbourne but would be willing to move if the role suited,' she told 'This was me potentially relocating my whole life so I took it very seriously.' Things progressed fast and within days she was invited for an interview. It lasted 40 minutes and her interviewer seemed 'very excited and enthusiastic'. After three weeks, Sarah contacted the office again. She was invited for a second interview that lasted an hour. 'They seemed very into me and really positive. They said to me, 'Don't wig out if you don't hear back, we'll get back to you'.' That was mid-November last year. She has been ghosted ever since. 'They went out of their way to say, 'don't worry, we'll contact you' and then I never heard anything,' Sarah said. She has since found work but the experience left a bitter taste in her mouth. And she is not alone. A Sydney jobs marketplace says ghosting is one of the most common experiences for jobseekers. The co-founder and CEO of employment website Hatch, Adam Jacobs, said jobseekers were reporting disturbingly high rates of ghosting. Hatch conducted a poll in which 80 per cent of respondents reported ghosting 75 per cent of the time they were looking for jobs. They said it left them 'frustrated', 'feeling unemployable although I am very skilled', 'questioning thewhole system', 'defeated, unsure and on edge' and 'frustrated and anxious'. One said: 'It makes me feel terrible. If I was not accepted, I would still like a response to add rejection to my Excel sheet.' Jacobs, who also co-founded THE ICONIC, wants his new venture Hatch to 'ghost bust' the jobs space. 'When we talk to candidates about their experience of looking for jobs, ghosting is always top of the list of their frustrations,' he said. 'When someone's applying for a job, it's a nerve-wracking experience. They're putting themselves out there and when they don't hear back, it's incredibly demoralising. MORE: 8 jobs you can do while travelling 'It also gives the candidate a very negative impression of that employer and their brand. The risk for employers is not just that they demotivate that one candidate, but that they build a reputation in the market of someone who doesn't get back to you, and that can really damage their ability to attract high-quality candidates.' Hatch is asking young Australians to have their say on in this year's Hatch's Hotlist survey, which is focusing on ghosting and the use of AI in job hunting, as well as finding out which Australian employers people most want to work at. Last year's Hatch Hotlist from the start-up that pitches itself as Seek for Gen Z found that jobseekers want three things from employers. Culture was at the top of the list, fair pay was second and hybrid, flexible working was third. More than 3000 people voted for the companies they most wanted to work for, including Airtasker, Amazon, Canva, Google and Qantas. previously reported that young people applying for jobs were being brushed off, rejected and ghosted by companies and recruiters. Zoe Lo, 24, said she had applied for 100 jobs over a four-month period and was rejected or ghosted by roughly three-quarters of those. Of those jobs, some were graduate programs and others were full-time roles in marketing, PR or social media. 'For many graduate roles you have to do an online assessment round as well, so I did a few of those for different companies,' she said. In one recent video, the 24-year-old claimed that she was at the point in her job search where she did 'not care anymore'.At this point in time, she had applied to about 95 jobs and said that she knew it 'sounded bad' but she couldn't 'fake' caring about getting a job. Ms Lo said her mindset had shifted, noting that when she first started her job hunt she was worried about being unemployed and felt stressed about finding a job immediately.'Now I am like, OK I am unemployed, I have no income, but I'll be OK,' she said. Jacobs says he wants people to find the right job and team culture match through a 'more human experience — a bit like a dating app but without the heartbreak of ghosting'. Young people have also been taking to social media to share their frustrations.
Reuters
13-06-2025
- Reuters
Australia 'alarmed' by escalation between Israel and Iran
SYDNEY, June 13 (Reuters) - Australia foreign minister Penny Wong said on Friday she was alarmed by the escalation in tensions between Israel and Iran, after Israel said it had struck dozens of targets inside Iran. "Australia is alarmed by the escalation between Israel and Iran," Wong told a news conference. "This risks further destabilising a region that is already volatile." Australians in the region should monitor government advisories from Canberra on travel in the Middle East, she added. Israel said early on Friday that it struck Iran, and Iranian media said explosions were heard in Tehran as tensions mounted over U.S. efforts to win Iran's agreement to halt production of material for an atomic bomb.
Daily Mail
12-06-2025
- Daily Mail
Flying Footsie closes on a record high as sterling hits highest level against the dollar for more than three years
The London stock market closed at a record high last night and the pound hit its highest level against the dollar for more than three years. On an upbeat day for investors, the FTSE 100 ended the session up 0.2 per cent, or 20.57 points, at 8884.92, eclipsing the previous record of 8871 set in March. At the same time, sterling rose above $1.36 for the first time since early 2022, peaking at $1.3623 before easing. The Footsie was caught in a global sell-off in early April as US President Donald Trump unleashed his trade war on what he described as 'Liberation Day'. But it has risen more than 15 per cent since its lows that month as global trade tensions ease and investors hunt bargains on what is widely seen as an undervalued UK stock market. The Footsie has now gained 8.7 per cent this year compared with a near-3 per cent rise in America's powerhouse S&P 500. Germany's Dax, however, has done even better, rising 18.7 per cent as the government in Berlin announced plans to boost defence and infrastructure spending. Neil Wilson, a strategist at London investment platform Saxo Markets, said there had been a 'rotation in global equity markets as investors have for the first time in years questioned' the theory 'there is no alternative to America'. He added: 'Investors are looking elsewhere and consistently conversations with clients revolve around geographic diversification and reducing exposure to the US.' The Footsie flirted with a record recently but fell short until yesterday. Its rally came as Trump's commerce secretary Howard Lutnick said tariff reductions agreed in last month's US-UK trade deal would start to be seen 'in coming days'. But the dollar weakened on fears of the impact of the trade wars on the US. Dan Coatsworth, investment analyst at AJ Bell, said: 'The UK stock market has been a star performer this year, delivering more than three times the return as the S&P 500 in the US. It's been ages since the UK trumped the US on the stock market, and 2025 has been the breakthrough year. 'The UK market has done well, but Germany has done even better thanks to the government's plans to splash the cash on defence and infrastructure.'
