Brits already cutting spending amid cost of living squeeze April 22, 2022 Predictions that the historic cost of living crunch will trigger a sharp pull back in spending look nailed on come through, two surveys suggest. Around one in three households have already cut spending just four months into the year, consultancy KPMG said today. Brits are forgoing discretionary purchases in response to greater pressure on their [...]
Rain Newton-Smith interview: Go for growth to turbocharge economic resilience April 22, 2022 Everyone knows the dismal time the UK economy is in for over the coming year – but let’s recap. Living standards are scheduled to fall at the steepest rate in 66 years as a result of wages failing to keep pace with an average annual inflation rate of over seven per cent, according to the [...]
Stretched employees face unmanageable workloads due to staff shortages, new survey show April 21, 2022 Almost two-fifths (38 per cent) of workers have said they are struggling to deal with “unmanageable” workloads, as a result of staff shortages, according to a survey from Totaljobs. At the same time, almost half (46 per cent) would like to see their companies hire more workers to make their workloads more manageable, while another [...]
BP pushes forward with North Sea oil and gas project April 21, 2022 BP has submitted its environmental statement for the Murlach project to the energy regulators, as it pushes ahead with plans to develop the site.
Brexit-supporting Newark in shock as largest employer shuts up shop and heads for mainland Europe April 21, 2022 Local media and residents in the English town of Newark, as well as its local MP Robert Jenrick, are said to be shocked and disappointed by the decision of food producer Goodlife Foods to shut up shop and move its entire production to mainland Europe. The decision is likely to result in around 110 job [...]
Job losses loom in further sign of economic slowdown April 21, 2022 The UK jobs market is set to take a knock this year after it weathered the gloomiest post-furlough predictions, reveals new research published today. Around one in five firms are intending to scale back staffing levels over the coming year, according to conciliation service Acas. The fresh survey illustrates the steep deterioration in the trading [...]
Netflix fall a sign investors are looking again for fundamentals April 20, 2022 When the electric carmaker Rivian listed on Wall Street last year, it was briefly valued at more than Anheuser-Busch. The latter, most famously, produces Budweiser; a beer that sells in great quantities for more than it costs to produce. It is a functioning, well understood business, and despite the best efforts of governments we remain [...]
Irwin Mitchell hands staff £900 bonuses to get through UK’s cost-of-living crunch April 20, 2022 UK law firm Irwin Mitchell is set give its staff a £900 bonus each, to deal with the UK’s cost-of-living crisis. Staff working at the firm are set to receive a one-off payment on top of their April salaries to cover the costs of higher food and fuel prices. The firm said the one-off payments [...]
Mail chaos expected as thousands of Post Office workers agree to full-day strike over pay April 20, 2022 Thousands of Post Office staff across the UK are to stage a one-day strike in a dispute over pay. Members of the Communication Workers Union (CWU) will walk out on May 3 after voting overwhelmingly in favour of industrial action. The union said the strike is over a pay freeze for 2021 and the offer [...]
Balancing the budget won’t win voters hooked on Sunak’s years of spending April 20, 2022 On a balmy September day eight years ago, Ed Miliband strode onto the stage at Labour Party Conference and proceeded to deliver a marathon 66-minute speech without notes. Unfortunately for the then Labour leader, he managed to forget a key chunk of his prepared remarks – the bit about tackling the deficit. Cue glee from [...]