UK minister urges de-escalation after Israel and Hezbollah exchange fire August 25, 2024 A major war in the Middle East is “a real danger”, a cabinet minister has warned following an escalation of hostilities between Israel and Hezbollah overnight. Early on Sunday, the Israeli military launched what it described as “pre-emptive” strikes against the militant group in southern Lebanon, saying it had detected plans to attack Israel. Hezbollah, [...]
Hays results ‘lay bare’ UK recruitment crisis August 22, 2024 Recent results from the UK’s leading recruitment firms have been, quite frankly, dismal: profit has collapsed across the board as firms struggle to stay afloat amid a sharp downturn in the market. The sector boomed in 2020 after the tech sector led to a surge in hiring, and increases in wage offers helped attract new [...]
Growth, inheritance tax and Natwest: Five subplots from the latest borrowing figures August 21, 2024 New figures show that the government borrowed more than expected in July as spending on public services increased faster than tax receipts.
Social rent increases may not ‘move dial’ on housebuilding, Rachel Reeves warned August 21, 2024 Rachel Reeves’ plans to increase social rent may not “move the dial in a material way” on council housebuilding, a corporate finance firm is warning. The Chancellor will reportedly up social rent by bringing in a decade-long formula to raise housing costs in England boosted by the CPI inflation measure – currently 2.2 per cent [...]
Government borrowing exceeds estimates as public sector spending jumps August 21, 2024 Monthly borrowing figures will be closely watched over the coming months for clues about how much Labour will raise taxes in October's Budget.
‘Right to disconnect’ plans must offer firms flexibility, experts warn August 20, 2024 The government’s plan to give workers the ‘right to disconnect’ must offer companies some flexibility when it comes to implementing the changes, experts have warned. Staff who are frequently contacted by their bosses outside of their work day could be granted thousands more in compensation cash from employment tribunals under new worker reforms, The Times [...]
Green energy plans could reduce costs for UK steelmakers, industry says August 20, 2024 Plans for the UK to become a green energy superpower could help reduce costs for British steelmaking, a supplier has said. Prime Minister Sir Keir Starmer visited a wind farm near Carmarthen, west Wales, today as part of a trip to promote his ambition for renewable power through setting up GB Energy. The public company [...]
London City Airport given go-ahead to expand capacity but more Saturday flying rejected August 20, 2024 London City Airport has been granted permission to significantly expand passenger capacity after an extended spat with Newham Council.
Is the UK moving in the wrong direction? Bad news for Keir as 52 per cent of Brits agree August 19, 2024 Some 52 per cent of Brits think the UK is heading in the wrong direction, according to a new poll following the general election. Pollsters at Ipsos found 22 per cent of people thought the situation in Britain was going in the right direction – down three points from a survey the previous month. It [...]
More rail strikes coming: Aslef accuses LNER of ‘bullying’ and breaking agreements August 16, 2024 The Aslef train drivers union has called for industrial action every weekend until November, citing a “breakdown” in relations with the LNER train company. In an announcement this morning, the leader of the union said the company’s “continued failure” to sort out long-standing issues had “forced us into this position.” Drivers on the east coast [...]