Brits cling onto pandemic savings amid economic uncertainty May 4, 2022 Brits are clinging on to their pandemic saving war chests in a sign that the UK could be headed toward a recession this year, reveals official figures published today. Rampant inflation is failing to push households into drawing down money set aside during lockdowns, suggests data from the Bank of England. Savings – including those [...]
UK joblessness falls to 1970s low, but pay continues to plummet September 13, 2022 UK joblessness has slid to its lowest level since 1974, but scorching inflation is still wiping out Brits’ pay, official figures published today reveal. The proportion of people out of work dropped to 3.6 per cent in the three months to July, according to the Office for National Statistics (ONS). Despite the historic low unemployment [...]
Which?: Food prices climb a fifth in just two years May 21, 2022 Prices for some of the UK’s most loved grocery items have soared over the last two years, a new study has revealed. Supermarkets have hiked the price of 265 lines by more than a fifth, with Tesco raising the price of household favourtie Kellogg’s Crunchy Nut 21.4 per cent and Sainsbury’s lifting Warburtons’ four-seeded thin [...]
Mel Stride MP urges chancellor to slash taxes to ease cost of living crisis November 29, 2021 The chairman of an influential group of MPs that scrutinises the spending plans of the government has told Tory chancellor Rishi Sunak to slash taxes to ease the cost of living crisis looming over Brits. Speaking to the PA news agency, Conservative MP Mel Stride, who chairs the Treasury Committee, called on the chancellor to [...]
Mark Kleinman: Boardroom pay battle, the mentoring boon and the football funding row September 28, 2023 Mark Kleinman gets the Square Mile talking in his weekly City A.M. column: this week on boardroom pay, the mentoring boom and the football broadcasting row.
Pub industry warns Boris Johnson that lockdown measures put ‘hundreds and thousands of jobs’ at risk March 16, 2020 The UK pub industry has tonight written to Prime Minister Boris Johnson warning him that the government’s guidance that members of the public should avoid going to bars and pubs presents the sector with an “existential crisis”. In a letter from British Beer and Pub Association chief executive Emma McClarkin, the industry warned that “thousands [...]
Sunak hits energy firms with windfall tax to pay for £15bn cost of living package May 26, 2022 Rishi Sunak has hit British oil and gas firms with a 25 per cent windfall tax to pay for a £15bn package to help households with the cost of living crisis. The chancellor’s interventions this year will see every household in the UK given £550 to help pay their energy bills, but with the country’s [...]
John Lewis and Pret named and shamed for failing to pay minimum wage August 5, 2021 The government has named and shamed some 191 employers, including John Lewis, Pret A Manger and The Body Shop, for paying workers under the national minimum wage. Investigations by Her Majesty’s Revenue and Customs found that employers owed a total of £2.1m to over 34,000 workers who were underpaid between 2011 and 2018. Named employers [...]
“Trustees relying on a headline ESG rating ARE at risk.” – pI ESG Club Conference 2023 Recap September 19, 2023 The following is a write-up by Integrum ESG analyst Molly Frazer after having attended Portfolio Institutional’s ESG Club Conference on 13 September 2023. This was an event attended by many leading figures in the UK & EU Asset Owner community, where institutional investors engaged on how to reduce the world’s reliance on fossil fuels, protect [...]
Sunak warns allies of limit to government help on surging energy prices January 5, 2022 Rishi Sunak has warned colleagues there is little the government can do to abate soaring energy prices as he mulls whether to slash VAT on energy bills. The chancellor has reportedly told other government ministers that any government help on the cost of living crunch should be targeted at those who need it most. The [...]