Monday newspaper round-up: EU steel industry, UK graduates, recession fears, Ineos

(Sharecast News) - The EU steel industry, already reeling from Donald Trump's 50% tariffs on imports, is bracing itself for further damage after the US opened the possibility of a rolling list of "derivative" products that could be subject to tariffs including windows and doors with some metal. In August the US listed 407 product categories as "derivative" inclusions, ranging from wind turbines, mobile cranes and bulldozers to rail cars and furniture. - Guardian Graduates fresh from university will find it difficult to find a job after a 35% drop in hiring by employers over the last year, according to analysis by a leading recruitment data provider. Hiring freezes at many employers have taken the biggest toll on graduates and meant there is fierce competition for the few jobs left for younger workers. - Guardian

Fears Britain is edging closer to a recession have been stoked by new figures showing a drop in job openings. Vacancies declined by 2.1pc year-on-year in August, according to Adzuna, after businesses were hit by softer demand as well as a rise in employer National Insurance and the National Living Wage. - Telegraph

Sir Jim Ratcliffe's petrochemicals empire is operating under a debt burden from a series of acquisitions that is expected to prevent dividend payments until at least 2030. Ineos has been paying out dividends almost every year for more than ten years but it has cut the payouts after it swung to a loss in 2024. - The Times

Rachel Reeves should increase taxes on landlords and homes worth more than £2 million and force wealthy investors who relocate from the UK to pay a levy on profits made while they lived in the country, a cross-party think tank has urged. The chancellor could raise £21 billion with eight reforms to the tax system, including introducing an "exit tax" on investors that leave the UK, subjecting landlords' rental income to national insurance and forcing people who inherit assets to pay capital gains tax on the change in value since they were bought rather than since the date of death. - The Times