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4259 Search results for cost-of-living crisis.

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  • Workers on UK government’s DBS contract to strike after rejecting pay deal

    August 2, 2022

    Workers at the outsourcing company that runs the call centres for the UK government’s criminal record checking services today set out plans to strike over pay and working conditions. The action is set to see 80 members of the Public and Commercial Services Union (PCS) launch a six-day strike against government contractor Hinduja Global Solutions [...]

  • Tesco joins petrol pump war with 6.5p cut to unleaded after Asda’s 9p drop

    August 2, 2022

    Tesco has slashed its prices for petrol to help customers manage with the cost of living crisis. The supermarket giant said the price of unleaded is set to fall by 6.5p and diesel by 4.5p, as many consumers and businesses continue to struggle with rising energy costs. “We know how tough rising fuel bills have [...]

  • Ultra-high energy bills are here to stay, warns Cornwall Insight

    August 2, 2022

    Household energy bills will remain historically elevated into 2024, revealed Cornwall Insight, meaning Brits will be under sustained pressure.

  • Direct Line Insurance reports lower profit amid rising inflation and uncertain economic conditions  

    August 2, 2022

    Direct Line Insurance Group reported lower profits for the first half of 2022 as rising inflation and a gloomy market outlook impacted performance. The insurance company had a 47 per cent drop in operating profit to £195.5m from the first half of 2021 as it dealt with “challenging” market conditions and tighter FCA regulations.   Profit [...]

  • BP follows in rivals’ footsteps with near-record £7bn quarterly profits

    August 2, 2022

    BP has unveiled profits of $9.3bn for the second quarter, powered by soaring oil and gas prices following Russia's invasion of Ukraine.

  • Londoners rent out homes by the hour to offset rising costs, says Peerspace boss

    August 2, 2022

    There has been a “huge uptick” in Londoners renting out their homes by the hour, as a cost of living crisis and an explosion in content producing for the likes of TikTok and YouTube collide, according to one property venture’s boss. After launching in the UK last year, Peerspace, a marketplace for “off the beaten track” [...]

  • Union calls for end to rail profit as worries of hiking annual fares mount

    August 1, 2022

    The union TSSA has called for a new financial settlement for rail as worries of hiking annual fares mount.  TSSA’s general secretary Manuel Cortes said commuters have been “clobbered by above inflation fare rises,” while private rail operators “laughed all the way to the bank.” “We need our railways to be fully in public hands [...]

  • Economic downturn pummels UK factories 

    August 1, 2022

    UK factories are succumbing to a concoction of downside risks that have shifted the sector into “reverse gear,” a closely watched survey published today revealed. Activity in the British manufacturing sector last month plunged to a 25-month low of 52.1, down from 52.8 in June and slightly below analysts’ expectations, according to S&P Global’s purchasing [...]

  • Searches for overseas jobs by Brits surge with Dubai most popular destination

    August 1, 2022

    Searches for work abroad have surged among UK workers with Dubai the most sought-after destination. Over the last 12 months, searches for overseas work by British workers soared by 56 per cent, according to data by overseas job website Anywork Anywhere, which analysed Google search data over the past year. Dubai was the most popular [...]

  • Truss pledges to create ‘agriculture of the future’ by removing EU red tape

    August 1, 2022

    Liz Triss will outline her plans today to remove EU regulations and make British farmers more competitive. The prime ministerial candidate will visit farmers in the southwest of England and highlight the “once in a lifetime opportunity” leaving the EU has given us to “truly unleash British food and farming”. She plans to ensure the [...]

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