UK loses over half a million work days to strikes and unions signal more to come November 15, 2022 The number of working days lost to strike action in the UK over the summer topped 560,000, stats out today reveal, and unions have warned this year’s total could hit the highest yearly number this century. The combined September and August figure is the highest two month total in over a decade, according to the [...]
Workers’ real pay erodes at historic pace despite huge wage rises November 15, 2022 Workers’ pay is still being eroded at a historic pace by rampant inflation despite employers hiking wages by one of the greatest amounts since records began, official figures revealed today. When taking off the Office for National Statistics’ (ONS) preferred measure of inflation, pay excluding bonuses dropped 2.7 per cent over the last three months, [...]
Hunt readies for biggest budget since Cameron and Osborne’s first outing November 15, 2022 Thursday’s budget (okay, Autumn Statement) is the biggest since David Cameron and George Osborne’s first statement in 2010, just after they seized the keys to number 10 (with a little help from the Liberal Democrats) from Gordon Brown’s Labour. Chancellor Jeremy Hunt faces a daunting task. Weaker than expected economic growth, high inflation and a [...]
Inflation has peaked, but prices will stay higher for longer, analyst bets November 14, 2022 Inflation has peaked in the UK, but will take a long time to fall, a top investment bank has bet. New data out from the Office for National Statistics on Wednesday will show prices rose 10.9 per cent over the last year, according to Deutsche Bank. While above September’s 10.1 per cent reading and a [...]
FTSE 100 kicks off busy UK data week positively November 14, 2022 London’s FTSE 100 bounced higher today to kick off a hefty week of UK economic news. The capital’s premier index jumped 0.92 per cent to 7,385.17 points, while the domestically-focused mid-cap FTSE 250 index, which is aligned with the health of the UK economy, edged 0.03 per cent higher to 19,622.25 points. Investors are eyeing [...]
Climate Change & Sustainable Eye Care November 14, 2022 | City Talk The last week has seen world leaders and changemakers from around the world gather in Sharm-El Sheik in Egypt at the annual Conference of the Parties event (COP27). This year, the goal is to build upon what has been discussed and implemented at the conference since its genesis in Rio in 1992. Global Unison Enhancing [...]
The Unsteady Rise & Decline of Poverty and How to Tackle It November 14, 2022 | City Talk One of the largest issues that concern the world is poverty. Someone is described as living in poverty if they survive on less than $1.90 per day. From 2015 to 2018, global poverty continued to decline as it has done for the past 25 years. From 2015 to 2018, the number of those living in [...]
Home working with poor broadband costs UK £60bn per year November 14, 2022 Working from home with a poor broadband connection is costing the UK’s economy £60bn per year, according to a recent research. Figures from software company Actual Experience showed that technical issues with broadband – including delays and call dropouts – have led to an average loss of £1,000 per worker. IT issues created problems especially [...]
Financial Markets Wrap-Up November 11, 2022 | City Talk Well, were at the end of another interesting week of trading. We started the week with some poor Chinese trade data, coupled with a back track on rumours from the previous week that covid restrictions would be loosened which kicked us off with a slightly negative start but the action for the week was never [...]
As GDP contracts again top wonk warns malaise ‘spreading throughout economy’ November 11, 2022 The slowdown in growth is now “spreading throughout the economy”, a top economist has said in wake of this morning’s disappointing GDP figures. The leading wonk at the Institute of Directors warned of major contractions in multiple sectors following news of a 0.2 per cent fall in GDP this quarter, and a 0.6 per cent [...]