Britain’s 1.6m temp workers risk missing out on close to £100m in unclaimed holiday pay Missed holiday payments Amid a 40-year inflation high, soaring energy bills and rising mortgage payments, Britain’s 1.6m temporary workers have been urged to claim an estimated £97m worth of unclaimed holiday pay from employment agencies and umbrella companies engaging them. The urgent call comes from a support group for independent workers, IWORK, that has brought to light that many of the UK’s flexible workforce are [...]
Bank of England ramps up CBDC ambitions after offering £200,000 wallet contract to bidders CBDC The Bank of England has underlined its desire to pursue a CBDC by putting a contract for a sample wallet out to tender.
DS Smith pumped £100m into pension scheme amid mini-budget crisis LDI crisis Box maker DS Smith revealed it was forced to pump £100m into its pension scheme in September as the market was shaken by the fall out of Liz Truss’s disastrous mini-budget.
Hargreaves Lansdown appoints Dan Olley as new chief December 8, 2022 Hargreaves Lansdown announced that Dan Olley would take over the reins of the trading platform from next year as Chris Hill prepares to step down after six years in charge.
Curve strikes $1bn deal with Credit Suisse to fund pay-later push December 6, 2022 Fintech payments firm Curve said it had struck a $1bn deal with Swiss lender Credit Suisse today to fund a growth push for its buy-now pay-later product, Flex.
You Should Lay The Groundwork For Your 2023 Pay Rise Now December 5, 2022 There is no doubt it has been a tough year for many people. Inflation has skyrocketed, prices have risen across the board, with energy costs coming under particular scrutiny. Confirming the pressure many feel is the Bank of England’s just-released biannual household survey. The bank indicates that prices for consumers have increased by around 11% [...]
Q&A: what is COP15 and why should investors care? December 1, 2022 | City Talk The UN biodiversity summit COP15 is taking place in Montreal, Canada, next month. We explain why it matters. COP27, the UN climate summit, is well-known as the world’s biggest conference on climate change. But many people may be unaware of what COP15 is and why it’s important. In this quick Q&A, we look at why [...]
Barclays slapped with £8.4m fine over card payment failings December 1, 2022 Barclays has been slapped with an £8.4m fine from the payments regulator today after failing to comply with rules governing the cost of card transactions with retailers.
Missing out on £142 per week: More older Brits slide into poverty after rise of state pension age from 65 to 66 June 20, 2022 Roughly around one in seven 65-year-olds were in income poverty in late 2020 as a direct consequence of the state pension age rising from 65 to 66, according to the Institute for Fiscal Studies (IFS). Between late 2018 and late 2020, the state pension age for men and women rose from 65 to 66, leaving [...]