Graduates set to enter UK’s strongest job market in years as starting salaries soar June 27, 2022 Graduates are set to enter the strongest job market Britain has seen in years, on the back of surging graduate salaries and a major increase in the number of graduate jobs. Graduate salaries are up seven per cent compared to a year ago, while the number of graduate job vacancies is up 59 per cent [...]
Croydon Tramlink staff to strike tomorrow and Wednesday in TfL dispute over pay June 27, 2022 The ASLEF union said this morning that its members on the Croydon Tramlink will strike on tomorrow and Wednesday this week in a dispute over pay. “With the RPI rate of inflation running at over 11 per cent, FirstGroup, the company which operates Tramlink on behalf of Transport for London, has offered tram drivers just [...]
London’s FTSE 100 kicks off week strongly amid rebounding risk appetite June 27, 2022 Investors kicked off the week with strong risk appetite, boosting London’s top indexes. The capital’s premier FTSE 100 index climbed 0.89 per cent to 7,272.79 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 1.23 per cent to reach 19,359.73 points. The bullish start [...]
Exclusive: Brits’ patience with Bank of England and Bailey wears thin amid historic inflation crunch June 27, 2022 Brits’ patience with the Bank of England is wearing thin amid the worst inflation crunch in recent history, exclusive figures obtained by City A.M. reveal. Some 44 per cent of households are unhappy with Threadneedle Street’s performance over the last year which has seen inflation soar from 2.1 per cent in May 2021 to a [...]
Boris Johnson insists ‘no point’ giving public sector staff inflation-busting pay rise June 27, 2022 Prime minister Boris Johnson has swotted away public sector workers’ demands for higher pay. “I’m not going to give a comment on each offer or suggestion that the pay review bodies may make. But what I would say to you is that, at a time when you’ve got inflationary pressures in an economy, there’s no [...]
PZ Cussons anticipates higher product prices will boost its revenues and offset economic challenges June 27, 2022 PZ Cussons is on course to post a rebound in revenues amid higher prices for its products and strong marketing.
Negotiation has failed: the defence Keir should have made for rail strikes June 27, 2022 The rail strikes have finished, for the moment, and we can return to normal after the disruption. But we are promised a “summer of discontent”, with teachers and barristers next up to withdraw their labour. Disruption in public-facing services seems to be emerging as 2022’s leitmotif. The government responded to the transport strike by simultaneously [...]
There’s much benefit in cooperation with our Indo-Pacific friends as we boost trade June 27, 2022 Amidst high inflation and a difficult economic outlook, it would be easy for our country to turn inwards in search of a panacea. But to echo the sentiments of John Donne – a famous poet born in the City of London – “no man is an island, entire of itself”. The same is also true [...]
UK to tip into ‘mild recession’ as cost of living crunch cools spending June 27, 2022 Brits responding to the cost of living crisis by reining in spending may tip the UK into a “mild recession” next year, reveals fresh forecasts released today. The Bank of England embarking on a rapid interest rate hike cycle may also send the economy into reverse, according to a new report by consultants KPMG. Yael [...]
Criminal barristers push ahead with strike action over legal aid fees June 27, 2022 Criminal barristers are today set to walk out of courts across England and Wales, after last week voting to strike amid a long-running dispute with the government over legal aid fees. Barristers, who are expected to picket outside of London’s Old Bailey court today, are calling on the government to increase legal aid fees by [...]