Border Force staff walk out at airports as Royal Mail workers back on strike December 23, 2022 The UK’s major airports will be hit with a walk-out of Border Force workers on Friday, as posties walk-out over pay again, causing disruption in the run up to Christmas. Members of the Public and Commercial Services (PCS) union will walk out from Friday 23 December to 26 December as well as 28 December and [...]
Britain baulks at Biden’s £330bn green subsidy package December 23, 2022 Britain has voiced its disapproval of Joe Biden’s extensive US package for green subsidies, warning they are protectionist and could harm UK energy firms. Kemi Badenoch, the UK’s international trade secretary has reached out to her US counterpart, criticising the Biden administration’s £327bn ($395bn) green economy package. In a letter seen by the Financial Times, [...]
Government ‘will not hesitate’ to ensure retailers give drivers fair fuel prices December 23, 2022 Fuel retailers have been threatened with state intervention over prices by the business secretary, who urged companies “to take any steps necessary” to ensure affordable prices for drivers. In a letter to retailers on Thursday, Grant Shapps said the government “will not hesitate to act to ensure competition is healthy and consumers get a fair [...]
Ambulance workers to strike for two more days in January December 22, 2022 Ambulance workers are set strike for two more days in January, following on from yester day’s NHS picket line. Unision, one of UK’s largest service trade unions has announced an additional two days of industrial action. The strikes are being planned for the 11th and 23rd of January, 2023. This follows yesterday’s large scale NHS [...]
Oil, pasta and tea see largest price rises as food inflation leaves poorest worst off December 22, 2022 Budget staple grocery products have shot up considerably in price this year, as new analysis shows the most vulnerable have been hardest hit by food inflation. Some 61 per cent of people in the most deprived areas are buying less food compared with last year, according to data from the Office for National Statistics (ONS). [...]
Crypto in 2022: It wasn’t all bad December 22, 2022 This year was turbulent, even by crypto standards. If the past twelve months have taught us anything it’s that crypto is still far from a mature asset class and time may be running out for the industry to prove itself as a functional and beneficial cog in our financial system. There are a number of [...]
Commuter misery: Regulated rail fares to rise by up to 5.9 per cent from next spring December 22, 2022 Rail fares in England are set to surge as much as 5.9 per cent from spring next year, after calls for a fare freeze have fallen on deaf ears. Regulated fares will go up from 5 March, with the Department for Transport calling this “the biggest-ever government intervention” in prices for train tickets. However, campaigners [...]
Small businesses suffer with rising costs, Vodafone steps in to help December 22, 2022 Telecom giant Vodafone has announced a free broadband scheme to support UK based small business. Vodafone has said that it will give a year’s free broadband to small businesses signing up for a 24-month contract. This is accounting for the rising costs of living, inflation and impact on small businesses. 10per cent of UK small [...]
Private sector activity declines for fifth consecutive quarter and outlook is bleak December 22, 2022 The private sector’s decline has continued for the fifth consecutive quarter, and outlook is bleak with it expected to fall even faster in the next three months. New figures from the Confederation of British Industry (CBI) showed activity fell 13 per cent in the three months to December. This is a decline at a faster [...]
UK economy contracts by more than first thought in third quarter as it heads for recession December 22, 2022 The UK economy contracted by more than first thought in the third quarter, with gross domestic product (GDP) dropping by a higher revised amount. GDP fell by a revised 0.3 per cent, compared to an initial estimation of a 0.2 per cent decline, fresh figures from the Office for National Statistics revealed on Thursday. It [...]