Housebuilder Barratt warns volatility is clouding outlook October 12, 2022 Housebuilder Barratt Developments warned that economic volatility was clouding the picture for the year ahead today but doubled down on profit targets for the remainder of the year.
Stop ignoring those who bowed out of the economy and get them back into work October 12, 2022 Good news or bad news first? Well, the good news is unemployment is at its lowest since the 1970s. The bad news is that this isn’t because more people are in work – employment is still 300,000 lower than pre-pandemic. Rather, large numbers of people aged over 50 and those with long-term health conditions have [...]
Motorists feel the pain of higher petrol prices as OPEC bolsters oil markets October 11, 2022 Prices at the petrol pumps have started to rise again after a three-month decline, according to reports from AA.
Virgin Media O2 slashes social tariff broadband price for struggling Brits October 11, 2022 Virgin Media O2 has slashed the price of its social tariff as the telecom giant follows calls to support the hardest hit by macroeconomic headwinds. The price of the basic band, which is specifically targeted at those receiving Universal Credit, will drop by 16 per cent to £12.50 per month for all new and existing customers, making [...]
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. [...]
Pret A Manger invests £10m in staff pay bringing salaries above inflation October 11, 2022 Pret A Manger will invest £10m to support its staff with the cost of living crisis, bringing pay above inflation. The outlet will give its workers a salary boost from 1 December to the tune of five per cent. This comes after the coffee chain invested £9.2m in April this year, with 6,500 of its [...]
Spike in package holidays and foreign travel may be ‘rare positive legacy of pandemic’ October 11, 2022 Foreign holidays are back with a bang with 45 per cent of people going abroad in the last year. The latest study from travel agent association ABTA found the level of foreign travel in the last 12 months was equivalent to 70 per cent of that in 2019, pre pandemic. With coronavirus restrictions lifted, a [...]
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, [...]
Sturgeon says she’ll ‘never give up’ on independence as referendum court hearing to start October 10, 2022 Nicola Sturgeon has said she will “never, ever give up” on Scottish independence, just a day before a Supreme Court hearing will begin over the legality of a new referendum. The Scottish First Minister claimed at the SNP’s annual conference that “the nations of these islands will work together better with independence than we do [...]
West End has 109 per cent sales boost but retail leaders call for ‘urgent’ business reform October 10, 2022 West End retailers are calling for fresh support and radical reform to help continue their pandemic recovery. The organisation representing 600 outlets and hospitality firms in Bond St, Oxford St, Regent St and Mayfair announced the district is returning to pre-coronavirus levels, but that it still needs help to stop it faltering. The New West [...]