National living wage to rise almost five per cent next year October 29, 2018 The national living wage is set to rise nearly five per cent from £7.83 to £8.21 per hour, chancellor Philip Hammond revealed in today's Budget. To be implemented in April next year, the government estimated that this will increase the annual pay of a person in full-time employment by £690 per year. Additionally, Hammond said the [...]
Renting remains cheaper than buying in UK as mortgage rates soar June 17, 2024 The financial burden is greatest in London, where buying a house costs an additional £775 per month, or £9,300 annually, compared to renting.
The Debate: Is International Women’s Day patronising? March 6, 2024 Is International Women's Day a PR day for girl power or a genuine opportunity to seed political change across the world? Ella Whelan and Tonia Antoniazzi battle it out.
Small businesses suffer with rising costs, Vodafone steps in to help December 22, 2022 Telecom giant Vodafone has announced a free broadband scheme to support UK based small business. Vodafone has said that it will give a year’s free broadband to small businesses signing up for a 24-month contract. This is accounting for the rising costs of living, inflation and impact on small businesses. 10per cent of UK small [...]
US Federal Reserve will slash interest rates in March 2024, Morgan Stanley bets July 17, 2023 The US Federal Reserve will in the early part of next year slash interest rates for the first time since the onset of the Covid-19 crisis, Wall Street analysts are betting, Researchers at Morgan Stanley have said they expect the federal open market committee (FOMC) to bring rates down in the first quarter of 2024, [...]
Record level of British haulage businesses going bust ‘at a rate unheard of’ November 29, 2023 British haulage businesses going insolvent has jumped over the last two years as the fallout of the UK economy has pushed business to go bust.
UK gender pay gap widens as childcare costs worsen ‘motherhood penalty’ March 7, 2023 The UK’s gender pay gap has widened as sharp increases in the cost of childcare has worsened a “motherhood penalty”, pricing many women out of work altogether, according to a new report. The nation’s average pay gap widened by 2.4 percentage points to 14.4 per cent in 2021, accountancy giant PwC found in its Women [...]
UK edges further away from recession as families’ economy and inflation outlook brightens February 24, 2023 Another brighter than expected set of economic numbers out today indicate the UK has a chance of avoiding a much-tipped recession this year. Consumer confidence climbed faster than forecast to minus 38 points this month, up seven points from minus 45 points in January, according to research firm Growth for Knowledge’s index which has been [...]
Brits scale down inflation expectations in sign BoE rate hikes are quashing price pressures August 1, 2022 British households are scaling down their expectations for future inflation in a sign that the Bank of England’s series of rate hikes are curbing price pressures, a fresh survey published today revealed. The UK public in July thought inflation will settle at 3.8 per cent in five years, down from four per cent in June, according [...]
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 [...]