CBI boss warns looming minimum wage increase may stoke inflation March 27, 2024 The increase in the minimum wage could reignite inflationary pressures as firms are forced to pass on costs to consumers, the CBI warned.
Shoe Zone blames higher costs and Red Sea disruption for ‘slower than expected’ sales March 12, 2024 Shoe Zone has blamed higher costs, the disruption in the Red Sea and "slower than expected" sales at the end of 2023 for its reduced performance in recent months.
Bank of England’s fears of a tight labour market will remain despite growing slack March 12, 2024 Although almost every measure suggested a softer labour market than expected, the downside surprises were small and show a labour market that is still tight in historical terms.
The gender pay gap: Are we approaching it wrong? February 12, 2024 Are companies approaching the gender pay gap in the correct way and can it be tackled in a more effective way?
Bank of England to cut interest rates in May as inflation forecast to undershoot target by summer February 7, 2024 Falling energy prices will push the headline rate of inflation below the two per cent target early this year, according to the National Institute of Economic and Social Research (NIESR).
Luxury retailer Julian Charles forced into the red by rising costs January 24, 2024 Rising costs forced luxury bedding and homewares retailer Julian Charles into the red during its latest financial year.
Cutting wages is a short-sighted solution to hospitality’s woes January 17, 2024 The hospitality sector is under pressure, but foregoing fair pay is not a long-term solution, writes Andrea Rasca.
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.
Rise in living wage spells further misery for retailers, businesses warn December 18, 2023 Hollywood Bowl boss brands pay increase as 'unexpected hit'
Businesses could ‘struggle to afford’ increase in living wage, experts warn November 27, 2023 Last week, the government announced that the National Living Wage will rise by almost 10 per cent next year, from £10.42 to £11.44 an hour.