Staffing agencies slam govt’s plans to use agency staff as strikebreakers June 30, 2022 Staffing agencies have hit out at the government’s plans to lift a ban on using agency staff as strike breakers. In a letter to the government seen by City A.M., a group of the world’s biggest staffing agencies slammed the plans, put forward by business secretary Kwasi Kwarteng, to overturn laws banning agency staff from [...]
Government hosts roundtables with industry leaders as it pushes for carbon capture expansion June 30, 2022 Kwasi Kwarteng hosted a roundtable with industry leaders and investment groups today amid a Government push for carbon capture technology.
Landmark day: Essex ‘scale-up’ unveils first hydrogen HGV to be mass-produced in UK June 30, 2022 Essex-based “scale-up” Tevva made automotive history today when it unveiled the first hydrogen HGV mass-produced in the UK. Fitted with a hydrogen-fuel cell system in addition to its electric battery, the 7.5-tonne lorry is able to carry heavy loads over long distances, driving as far as 310 miles. “By embracing hydrogen, we are futureproofing ourselves, [...]
British staycations under threat as hotels ‘turning away guests’ due to staff shortages, BCC boss warns June 30, 2022 The British staycation is under threat as hospitality firms struggle with staff shortages this summer, the director general of the British Chambers of Commerce (BCC) warned yesterday. Shevaun Haviland said the country was “already seeing a drag on economic growth due to the lack of people in our labour market.” Hotels had been “turning guests [...]
‘Enough is enough’: BT workers vote in favour of industrial action as nationwide action on the cards June 30, 2022 The majority of BT union members have voted in favour of industrial action, paving the way for nationwide disruption and representing the FTSE 100 firm’s first company-wide call for strike action in 35 years across s BT and Openreach. Call centre workers voted for the first national call centre strike in British history, including 30,000 [...]
Barclays fights cost of living crisis with £1,200 pay rise for 35,000 employees June 30, 2022 Barclays is giving 35,000 of its UK-based staff a £1,200 pay rise to tackle the cost of living. The banking giant will provide this salary increase to customer-facing, branch, and junior support workers from 1 August. “Barclays will continue to monitor the economic situation globally and consider our approach to pay in each country in [...]
No cost of living crisis for Prince Charles as Duchy of Cornwall’s assets swell to record £1.2bn after £93m ‘staycation’ boost June 30, 2022 Annual accounts published this afternoon show that the total assets of the Duchy of Cornwall’s landed estate have risen to more than £1.2bn, a jump of nearly £93m since last year. As heir to the throne, the Prince of Wales is entitled to the Duchy’s profits as his yearly private income, which came to £23m [...]
Johnson says sky-high inflation is ‘big chance’ to fix cost pressures and ‘do things differently’ as PM denies being complacent June 30, 2022 The Prime Minister said today there is a “big chance” to fix unnecessary cost pressures for people and businesses across the UK as Boris Johnson denied that his Government is being “complacent” about spiralling inflation. Speaking at a press conference at the close of the Nato summit in Madrid, Johnson said the “very, very tight [...]
Nearly 2m more Brits trapped by higher tax rates since 2019 Tory election win June 30, 2022 Boris Johnson has heaped higher tax rates on nearly 2m more Brits since he won the 2019 general election, reveal official figures published today. The number of people paying the higher rate of income tax has swelled to 6.14m, up around 1.88m since Johnson led the Conservatives to a huge majority two and a half [...]
Thames Water taps shareholders for £1.5bn boost to shake-up plans after sewage scandal June 30, 2022 Thames Water shareholders could have to cough up as much as £1.5bn to accelerate the shake-up of the scandal-hit business.