House prices continue to climb in nightmare scenario for first-time buyers even though buyer interest is slowing August 15, 2022 House prices continue to move firmly upwards and are still expected to be higher in a year’s time, according to the Royal Institution of Chartered Surveyors (RICS) this afternoon. The numbers are somewhat surprising given that surveyors have seen the longest stretch of shrinking buyer demand in the housing market since the early stages of [...]
Government pension reform will ‘accelerate end game’ for final salary schemes August 15, 2022 Government plans to ramp up scrutiny of ‘final salary’ pension schemes will spark an “accelerated end-game” as managers are forced to rapidly sell-off their riskier assets, a pensions chief has warned.
Why August Is Actually A Good Month To Find A Job August 15, 2022 Your mind might be at the beach even if your body is firmly at your desk: August is the laziest of the summer months, and with record-breaking UK temperatures this season – a new record-high temperature of 40.3°C was set at Coningsby, Lincolnshire, on 28th July – the heatwave has continued with parts of the [...]
Brits in EU slide into Brexit banking limbo as some UK banks shut their accounts August 15, 2022 Thousands of Brits residing in the EU have been informed by UK banks that their EU-based bank accounts will soon be shut. A range of British banks, including Barclays, have told UK citizens living in the EU that they will no longer be able to have and use their account in member states, primarily in [...]
Record £300bn wiped off UK bonds and gilts as investors flee in biggest market collapse in decades August 13, 2022 Just under £300bn has been wiped off the value of UK corporate bonds since the start of this year following a major sell-off in the bond market in what is considered the biggest collapse in two decades. In the first six months of this year, the total outstanding value of UK corporate bonds has fallen [...]
Two thirds of Brits not taking a lunch break August 12, 2022 Despite the capital’s bout of sunny weather, two thirds of workers are not taking a lunch break this summer, while the remaining third are choosing to dine ‘al-desko’, new research has revealed. As the pursuit of the elusive work-life balance becomes increasingly important in Brits’ list of workplace priorities, a new study into the summer [...]
DWP final salary pension reform could be a ‘straitjacket’, pensions chief warns August 12, 2022 Government plans to ramp up scrutiny of 'final salary' pension scheme funding could be a “straitjacket” for the industry and scupper hopes that retirees’ cash could be diverted into areas like tech and infrastructure, a pension expert has warned.
100,000 rebel Brits pledge non-payment of energy bills by cancelling their direct debits August 11, 2022 Over a hundred thousand people will soon have added their name to a pledge to cancel their direct debits for gas and electricity on 1 October if the government fails to adequately address the crisis of sky rocketing energy bills. The live tally of number of pledges can be viewed at dontpay.uk – currently at [...]
Sunak or Truss should have ‘backbone’ to strike free movement deal with EU, says Ryanair chief August 11, 2022 The next prime minister should have the “backbone” to secure a deal with the European Union to open up the free movement of labour, Ryanair’s chief executive Michael O’Leary said this morning. He told BBC Radio 4’s Today programme: “I think the first thing they should do to boost the British economy is prioritise a [...]
Three in four Brits want hybrid work to cope with cost of living crisis August 10, 2022 Three in four British workers want hybrid work to cope with the cost of living crisis gripping the country. Employees want their employers to offer flexible hybrid working as inflation surges to record levels of 9.4 per cent in the country, a survey by hiring software company Greenhouse found today. As the cost of essentials [...]
