Bank of England, Federal Reserve and ECB expected to keep interest rates on hold this week December 11, 2023 The Bank of England will likely hold interest rates for the third time in a row on Thursday, according to economists.
Families facing ‘groundhog year’ in 2023 as living standards to be squeezed December 30, 2022 Families are facing a “groundhog year” as further squeezes on living standards take place in 2023, a think-tank has warned. While the year ahead may offer economic policymakers some relief, with signs inflation will ease and interest rates peak lower than feared, family finances face a repeat of 2022’s squeeze as the cost-of-living crisis deepens, [...]
Shop price inflation drops as supermarkets slash costs January 30, 2024 Shop price inflation fell to its lowest level since May 2022, helped by supermarkets continually slashing their prices.
Spring Budget 2024: Sunak pledges to slash taxes ahead of March statement January 7, 2024 Prime Minister Rishi Sunak has repeated his promise to continue cutting taxes ahead of a March 6 budget. “I’m going to be crystal clear. My priority is cutting taxes,” he said.
Public ‘expect’ council staff to work full five-day week, Michael Gove says July 4, 2023 Michael Gove has said people “expect” council staff to be working a full five-day week, amid a row over the government telling a local authority to cease a four-day week trial. The levelling up secretary has said he is a “strong believer” in the rule that council employees should be working Monday to Friday. It [...]
2023 set to be just as ‘horrendous’ as 2022 with falling pay and soaring energy bills December 30, 2022 Next year looks set to be just as “horrendous” for many families’ living standards as this year, as they are hit with falling pay and soaring energy, tax and mortgage bills, a think tank has warned. Households face a cost-of-living “groundhog year” with disposable incomes plummeting even further than in 2022, which saw the biggest [...]
Brewdog’s CEO James Watt hits back at ‘ridiculous levels of criticism’ following wages change January 15, 2024 The chief executive of Brewdog has hit back at the "ridiculous levels of criticism" his company received following the news that it would no longer be paying staff the ‘real’ living wage.
National living wage set to rise over six per cent in 2020 December 31, 2019 Almost three million workers are set to receive a 6.2 per cent pay rise from April, after the government announced plans to raise the national living wage. The raise, which the government says will be “the biggest cash increase ever”, comes as prime minister Boris Johnson seeks yo shore up support from the working class [...]
Does hot wage growth derail hopes of a June interest rate cut? May 14, 2024 The first round of labour market figures was released this morning and it leaves policymakers in a bit of a bind.
Pubs raise a glass to Hunt’s alcohol duty freeze and rates relief November 22, 2023 The UK's struggling pub sector has said it was "extremely pleased" with the news that alcohol duty will be frozen and business rates relief has been extended.