Dropping earnings threshold and extending pensions auto-enrolment to younger and part-time workers could boost Brits’ savings by £2.7 trillion January 5, 2022 Abolishing the earnings treshold and extending pension auto-enrolment to working 18-year-olds and for part-time workers could add around £2.77 trillion to British pension savings, a think tank has said. The current auto-enrolment rules mean bosses must provide a workplace pension for staff aged 22 and over earning £10,000. But Onward, which describes itself as a [...]
Four in five Brits see cost of living such as grocery and energy bills rise with many having to dip into savings January 5, 2022 More than four in five (82 per cent) people have seen their living costs such as grocery or energy bills and day-to-day essentials increase in the past few months, a survey has found. As a result, nearly a quarter (23 per cent) have dipped into savings, a fifth (19 per cent) said they have changed [...]
High volumes of transactions force Nationwide to ‘queue’ inbound payments after 10m transfers overnight January 4, 2022 Following news that customers of Nationwide were unable to carry out any payments, the third time this month, thousands of angry Brits took to social media to demand an explanation. This afternoon, the bank explained to City A.M. that it took the decision to “queue” inbound faster payments, where money is sent to and from [...]
From price inflation and Brexit rows to Evergrande and Biden v Putin: Here are the market risks to watch this year January 4, 2022 The world is a pretty turbulent and unpredictable place at the moment, with Covid variants not making life easier. From tensions between Russia and the US over Ukraine’s NATO membership to Brexit conflicts and China’s Evergrande property scandal, 2022 is set to become everything but dull. So what developments and issues could disrupt or disturb [...]
Inclusive leadership: Seven keys to a 21st-century skill January 4, 2022 | City Talk “When everyone is included, everyone wins.” “Inclusion is not a matter of political correctness. It is the key to growth.” The long-time US civil rights activist, the Reverend Jesse Jackson, is often quoted on the subject of inclusion and these two particular axioms of his are becoming more relevant to business leaders with every passing [...]
Workers desperate to return to the office, study finds January 4, 2022 The novelty of working from home is wearing off with the majority of employees keen to get back to their desks according to a new survey.
Higher roaming bills for millions of Brits from this week as Brexit allows EE and Vodafone to slap steep new fees on trips to Europe January 4, 2022 Two of the UK’s four biggest networks – EE and Vodafone – are reintroducing roaming charges for customers travelling to Europe from this month, with Three also set to reintroduce them in May 2022. Since Saturday, customers who joined or upgraded with EE after July 7 2021 will face a £2 daily charge for using [...]
Post-Christmas slump: UK shopper numbers fall 15 per cent in a week January 3, 2022 UK shoppers shirked the high street in the week following Christmas as concerns about the the rapid spread of omicron continued to bite.
Staff shortages could force business closures in the New Year January 3, 2022 Businesses in the retail and hospitality sectors are being hit hard by staff absences as Omicron surges according to industry chiefs.
Half of all UK small businesses to raise prices this year while a third plan redundancies now furlough has ended January 1, 2022 Half of small and medium-sized enterprises in the UK plan to raise their prices this year, with supply chain disruption being the key driver. Moreover, one in three owner-managed businesses plan to make redundancies now the safety net of furlough has been removed, according to new research shared with City A.M. this morning. Those businesses [...]
