UK Budget Shock: Are Retail Jobs for International Students at Risk?

BISMILLAHIR RAHMANIR RAHIM

?? The UK’s recent budget (released on the 30th of October 2024 by the UK chancellor of the exchequer Rachel Reeves) changes could make finding retail jobs even harder—especially for international postgraduate students who rely on part-time work to support themselves.

With tax increases and wage hikes squeezing retail businesses, entry-level roles may be reduced, making it more difficult for students with 20-hour work restrictions to secure employment. But don’t panic! There are ways to navigate this challenge and stay ahead.

Here’s how the new policies impact you—and what you can do to improve your chances of finding work.

?? 1. The Challenge: Fewer Retail Jobs & Reduced Hours

Retail businesses like Next have warned that rising National Insurance (NI) costs and higher minimum wages could lead to fewer part-time jobs and reduced working hours for employees.

Lord Simon Wolfson, CEO of Next, stated that the "axe has fallen particularly hard on those entry-level, National Living Wage jobs," making it "harder and harder for people to enter the workforce."

The Impact:

The National Insurance threshold for employers has been lowered from ￡9,100 to ￡5,000, increasing employer costs.

The National Living Wage will rise by over 10% in April 2025, forcing retailers to either cut hours or reduce hiring. ?At the same time the British Chambers of Commerce said confidence had "slumped", with more than half of companies planning to raise prices in the next three months in the face of a "pressure cooker of rising costs and taxes"?

? My tips:

·?????? Start early: Apply for retail jobs ahead of peak hiring seasons (e.g., summer sales, Christmas).

·?????? Improve your CV: Highlight transferable skills like customer service, communication, and teamwork.

·?????? Network with managers: Build relationships with supervisors who may offer extra shifts when available.

?? 2. Rising Living Costs & Stagnant Wages

While the minimum wage is increasing, inflation means students may still struggle with higher living expenses.?

UK Chancellor Rachel Reeves defended the budget, stating that "difficult decisions" were necessary for long-term economic stability. However, retail businesses warn that these tax hikes will result in job losses and higher consumer prices.

The Impact:

Retail sales volumes fell by 0.3% in December 2024, despite expectations of a 0.4% increase.

UK food sales hit their lowest level since 2013, showing a decline in consumer spending power.

? My tips:

·?????? Explore alternative income sources: Consider tutoring, freelancing, or remote work that fits within your visa rules.

·?????? Budget smarter: Use apps like Monzo and Revolut to track spending and cut unnecessary expenses.

·?????? Look for retail employers offering perks (e.g., employee discounts, travel support).

??? 3. More Competition for Fewer Roles

Retail giant Next Plc reported 13 applications per Christmas job vacancy, up 50% from last year! With fewer jobs available, competition is heating up. At the same time Next's wage bill is set to rise by ￡70m, and Lord Wolfson (Next CEO) said this would lead to a cut in the number of employee hours worked – either through fewer workers or fewer hours per employee?

? My tips:

·?????? Customise your applications: Tailor your CV and cover letter to each role.

·?????? Get retail experience: Volunteer or take on a short unpaid internship to gain experience.

·?????? Master interview techniques: Prepare for common retail interview questions and practice with friends.

?? 4. Stricter Work Conditions & Job Flexibility Issues

The UK is introducing new worker protection laws, making it harder for businesses to offer flexible contracts.?

? My tips:?

·?????? Look for student-friendly employers: Some companies (like supermarkets and coffee chains) actively hire students.

·?????? Consider weekend and evening shifts: Many retailers struggle to fill these hours.

·?????? Check university job boards: Your university may have exclusive partnerships with local employers.

?? 5. Finding Retail Work in a Changing Market

Despite these challenges, the retail sector isn’t dead—it's evolving. Students who adapt will thrive!?

? My final tips for success:?

·?????? Be proactive: Apply widely and follow up on applications.

·?????? Upskill: Take short courses in retail, sales, or customer service.

·?????? Stay positive: Challenges create opportunities—adapt and keep pushing forward!

?? Remember: Success in the UK job market isn’t just about finding a job—it’s about making yourself employable.?

What are your thoughts? Have you faced challenges finding retail work in the UK? Share your experiences below! ???????

#InternationalStudents #UKRetail #PartTimeJobs #UKBudget #StudentSuccess #PostgraduateLife