£200m boost for all Tesco shop staff and warehouse workers as pay jumps to £10.10 per hour April 7, 2022 Supermarket giant Tesco has announced it will hike hourly wages by 5.8 per cent from £9.55 to £10.10, as Brits face a cost of living crunch. New hourly rates for store and warehouse staff will be effective from 24 July, the grocer revealed on Thursday afternoon. The supermarket also confirmed workers in London would be [...]
‘Zuck Bucks’: Facebook plots launch of digital coins and lending services April 7, 2022 Facebook owner Meta has renewed its crypto ambitions with plans to roll out virtual coins and lending services to app users.
UK Energy Strategy: Experts weigh in on plans to transform the domestic energy sector April 7, 2022 Analysts and experts assess the state of the UK's energy sector with the government announcing plans to boost domestic production.
The City View: Innovate Finance summit roundup, and two Lidl adverts banned April 6, 2022 Today Andy Silvester chats to City A.M. reporter Charlie Conchie, and whistles through the main headlines you need to know. Andy and Charlie go through this week’s fintech Innovate Finance summit — they discuss the London Stock Exchange CEO’s comments yesterday on bosses needing a pay boost; Ron Kalifa’s views on the mindset shift needed [...]
Hospitality business owners to pay £215m more in tax this year thanks to NI rise April 6, 2022 British pubs, restaurants and hotels will be forced to pay £216m more in taxes this year thanks to today’s rise in National Insurance for employees and employers. New figures collated by the Liberal Democrats also showed that workers in the hospitality industry will be hit with a £137m extra tax bill this year, after the [...]
Closing the autism employment gap means success for businesses up and down the country April 6, 2022 Tracy Clements is an English and Drama teacher. An avid traveller, she’s married with two kids and she’s on the autism spectrum. She’s in a safe job she likes, but she’s almost an exception. Only 22 per cent of autistic adults were employed in the UK in 2020 – but one in ten people across [...]
Manchester Airport boss takes off as travel mayhem at Heathrow and other hubs intensifies: BA and easyJet drop hundreds of flights today April 6, 2022 Chaos and disruption across multiple airports in the UK continues this Wednesday morning following the cancellation of hundreds of flights. Tens of thousands of Brits face days of delays as their flights from or to the UK were thrown out. Large queues were already seen around 7am this morning at multiple airports, including Heathrow, Gatwick, [...]
MPs warn of further food price hikes unless labour shortages are ‘resolved swiftly’ April 6, 2022 More grocery price increases are on the horizon unless the government intervenes to solve worker shortages, MPs have warned. Brits have faced bare supermarket shelves in the past eighteen months as various businesses were hammered by worker shortages. Now, the government must urgently take action and change immigration policy in order to alleviate pressure on [...]
UK building firms’ confidence plummets on Russia-Ukraine war April 6, 2022 Existing supply chain disruption intensified by Russia’s invasion of Ukraine has eroded confidence in the UK construction sector to its lowest level in around a year and a half, reveals a closely watched survey released today. Swelling raw material costs, elongating delays in sourcing components and higher staffing bills all compounded to spike optimism among [...]
New tax year ushers in more woe for businesses and households April 6, 2022 Today marks the start of what will be yearly increases in tax bills for households across the UK as a raft of hikes, threshold freezes and fiscal tweaks come into effect. The new tax year has been ushered in by the much-lamented 1.25 percentage point national hike, which is forecast to deal a more than [...]