Decade high 400k working days lost to strike action in October December 13, 2022 Over 400,000 working days were lost to strikes in October, the highest since November 2011, official figures from the Office for National Statistics out today reveal. Britain has been hit with a wave of industrial action by railway, postal and health workers sparked by pay and working conditions disputes. Working days lost to staff walk [...]
Workers’ real pay erodes at historic pace despite huge wage rises November 15, 2022 Workers’ pay is still being eroded at a historic pace by rampant inflation despite employers hiking wages by one of the greatest amounts since records began, official figures revealed today. When taking off the Office for National Statistics’ (ONS) preferred measure of inflation, pay excluding bonuses dropped 2.7 per cent over the last three months, [...]
Home working with poor broadband costs UK £60bn per year November 14, 2022 Working from home with a poor broadband connection is costing the UK’s economy £60bn per year, according to a recent research. Figures from software company Actual Experience showed that technical issues with broadband – including delays and call dropouts – have led to an average loss of £1,000 per worker. IT issues created problems especially [...]
JP Morgan settles with trader fired over wrongful allegations of market spoofing November 8, 2022 JP Morgan has settled with a trader, who was wrongly fired from his job for market spoofing, after the bank failed to pay a £1.58m sum awarded to him by an employment tribunal in January. Ex-trader Bradley Jones was awarded £1.58m after an employment tribunal ruled he was wrongly fired from his £220,000 a year job [...]
Businesses scrambling to hire staff in heated job market despite recession picking up November 5, 2022 Businesses are still desperate for staff, with increases in adverts for occupations including childminders, school secretaries and dental practitioners, new research suggests. The Recruitment and Employment Confederation (REC) said there were 154,000 new job adverts in the week of 17-23 October, slightly lower than a month earlier. The number of adverts has remained stable at [...]
Redundancies dip by a third but gloomy outlook may mean rise is ‘inevitable’ October 11, 2022 The number of redundancies in the UK has defied doomsayer’ predictions and dropped a third in the last quarter, but a gloomy outlook means a rise is expected in the near future. Employment law firm GQIlitter reported there has been a 32 per cent drop in workers being let go, falling fro 53,000 to 36,000. [...]
UK unemployment falls to 50 year-low amid jobs market exodus October 11, 2022 A sharp rise in the number of Brits dropping out of the jobs market altogether has artificially pushed the UK unemployment rate down to its lowest level since the mid 1970s, official figures published today reveal. The volume of people in the UK not looking for work climbed around 330,000 over the last three months, [...]
Overseas travel to UK lags behind pre-Covid levels despite yearly boom September 24, 2022 Overseas travel to the UK has remained significantly behind pre-pandemic levels, despite a boom if compared to 2021 levels. This is largely due to countries around the world – including the UK and EU – scrapping Covid travel restrictions since the beginning of the year. Data from the Office for National Statistics showed on Friday [...]
London businesses still not sure what ‘Levelling Up’ means, new survey shows September 20, 2022 London businesses are still unclear on the details of what the UK government’s ‘Levelling Up’ agenda actually entails, according to new research from the London Chamber of Commerce and Industry (LCCI). First set out in the Conservative Party manifesto in 2019, the Levelling Up policy aims to reduce disparities between regions and social groups inside [...]
Deloitte to recruit 3,500 new consultants in £220m hiring spree September 20, 2022 Deloitte is set to hire 3,500 new consultants as part of £220m plans to capitalise on surging demand for advice as businesses seek to navigate the digital and green transitions. The hires will see the Big Four accountancy firm’s increase the size of its consulting workforce by 40 per cent over the next half a [...]