UK jobs market wobbles after months of defying economic reality December 8, 2022 The UK jobs market is looking increasingly fragile after months of defying economic gravity, a new survey out today reveals. KPMG and the Recruitment and Employment Confederation’s (REC) permanent hiring index came in at 46.4 points last month, below the 50 point mark that separates growth and contraction. Despite the index indicating businesses are cooling [...]
UK risks green ambitions with levies and planning hurdles, warns Siemens Energy December 7, 2022 The UK's planning restrictions and levies on renewable producers threaten what should be an attractive market for green projects.
Exclusive: Planned redundancies in financial services up 46 per cent in last quarter December 7, 2022 Redundancies in financial services are up 46 per cent in the last quarter as employers look to save money amid the prospect of a bleak economic winter. Recessionary headwinds have “caught up” with hundreds of firms, forced to move on from desperately filling a shortage of staff, to letting existing employees go. In figures exclusively [...]
Cryptocurrency prices marching in step with equity markets December 7, 2022 The price of Bitcoin, at $16,765, is trading down 1.5% in the last day, while Ethereum has shed 2.39% off its price.
UK house prices fall in sharpest drop since 2008 crash December 7, 2022 House price growth has continued to cool in the UK, with last month representing the sharpest decline in value since 2008. The average cost of a home now stands at £285,579, after falling by 2.3 per cent in November, according to Halifax today – which began tracking house prices in 1983. Growth rates have slowed [...]
Textile workers’ rights group: Shein ‘offering up fig leaf’ with £12m investment into factory standards December 6, 2022 Shein has left many environmental campaigners unimpressed after revealing it would invest £12.2m into improving standards at its suppliers’ factories. The Chinese retailer admitted its hours for workers at two sites breached local regulations, after allegations of worker mistreatment in a recent Channel 4 documentary. Staff at one factory were working up to 13.5 hour [...]
What is GameFi? The top three things developers need to know December 6, 2022 Ramona Ciocea, Head of Business Development at Protokol, discusses the main things we need to know about GameFi.
Strikes: Sunak convenes cabinet as Number 10 tells RMT to reconsider pay offer December 6, 2022 Rishi Sunak has sent a fresh warning to unions ahead of upcoming Christmas strikes, with Number 10 urging transport union bosses to reconsider the current pay offer. Number 10 said National Union of Rail, Maritime and Transport Workers (RMT) boss Mick Lynch should take the current pay offer “seriously” as it is “generous and fair”. [...]
Done well, devolution could leave our terrible politicians with nowhere to hide December 6, 2022 If fiscal decisions are made locally, taxpayers may find it easier to scrutinise, with local politicians finding fewer places to hide.
Hospitality body calls for compromise over energy bills as firms face winding-up orders December 5, 2022 Energy firms should offer compromise solutions if business customers are struggling, argued the hospitality trade body’s chief.