‘We are engulfed in a crisis of epic proportions,’ CBA chair Jo Sidhu tells Old Bailey picket June 27, 2022 Criminal barristers on Monday picketed outside of London’s Old Bailey court as part of a strike over legal aid fees. Hundreds of barristers, solicitors, and other supporters turned up at the picket line outside of the UK’s most famous court, in demanding a 25 per cent increase in legal aid fees. The strike comes as [...]
Explainer-in-brief: The domino effect driving unions to strike over pay June 27, 2022 As this week begins, we come back to the railways with a sigh of relief. Yet the rail strikes of last week are unlikely to be a one-off, as RMT leader Mick Lynch has already warned more could come if the talks between the unions and the rail bosses keep on failing. Someplace else in [...]
Arts and crafts giant Hobbycraft’s expansion drift undiminished with new stores and recruitment drive planned June 27, 2022 Several new stories and a recruitment drive are on the agenda of arts and crafts retail chain Hobbycraft as the company confirmed this morning it plans to continue its expansion after a lift in profits for the past year. The company said its adjusted pre-tax profit for the 2022 financial year was £15 million, which [...]
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 [...]
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 [...]
Letters: Saving money through EVs June 27, 2022 [Re: To turbocharge our own EV revolution we must ensure affordability for all, June 21] Electric vehicles are seen as the car of choice for the elite. This is mainly due to the cost – a leading obstacle many drivers face when considering whether to invest in an EV. Over half of EV owners sit [...]
World is staring down the barrel of new high inflation era, BIS warns June 26, 2022 The world risks being flung into a new era of persistently high inflation that will tip the global economy into a drawn out recession, one of the world’s top economic institutions has warned. Rampant price rises triggered by a series of economic shocks that have no “historical parallels” could become the norm, the Bank for [...]
BT rushes to deny claims that call centre staff have launched foodbank to help them through cost-of-living crisis June 24, 2022 Telecoms giant British Telecom denied this morning a union’s claims that call centre staff have set up a foodbank to help them during the cost-of-living crisis. buThe Tyneside CommunitEE pantry was set up by staff at EE – owned by BT – and offered cupboard staples such as pasta, cereal and oats, as well as [...]
Explainer-in-brief: Why paper bank notes are finally on the out June 24, 2022 Hear, hear: we all have 99 days left to use our £20 and £50 paper banknotes before they’re out of the market. Why is the Bank of England taking these notes away? The OId Lady says paper notes are easier to counterfeit than plastic ones, so it’s time to get rid of them. Plastic ones [...]
Retail sales volumes fell last month as the cost of living crunch eats into April’s gains June 24, 2022 Retail sales volumes fell by 0.5 per cent last month, according to the latest figures, as the cost of living crisis eats away at gains made in April. While the figures suggest current inflation levels and concerns over a recession have Brits’ pinching their purse strings, sales volumes were 2.6 per cent above pre-pandemic levels, [...]