UK wages continue to surge as Bank of England set to decide on interest rates Economics UK unemployment remained steady over the last three months as wage growth surged over the quarter to October. Unemployment was unchanged at 4.3 per cent for the second straight month during October, data from the Office for National Statistics revealed. The number of people claiming jobless benefits climbed by just 300 in November, beating the [...]
Premier League referee Coote sacked after X-rated Klopp diatribe Sport Premier League referee David Coote has been sacked by officials’ body PGMOL after an investigation found him to be “in serious breach” of his contract. It comes four weeks after he was suspended following the emergence of a video in which Coote made highly derogatory remarks about former Liverpool manager Jurgen Klopp. Days later further [...]
New labour force survey could be delayed to 2027 amid falling participation Economics Since the pandemic, the ONS has struggled with falling response rates to its flagship labour force survey (LFS), which has raised questions over the accuracy of its data.
It’s not as easy to count the number of ‘working people’ as you might think November 27, 2024 How many people are employed in the UK today? This is not just a question in a pub quiz for boffins. It is one with important practical implications. Changes in the number of people employed is a key piece of information which the Bank of England’s Monetary Policy Committee takes into account when setting interest [...]
Recruiter SThree holds guidance despite ‘challenging’ market conditions September 24, 2024 SThree, the recruiter specialising in STEM fields, reported a six per cent contraction in its quarterly order book, which sits at £167m.
Hellofresh: Cuts to UK workforce significantly slashes loss September 13, 2024 The last time the UK arm of Hellofresh made a pre-tax profit was the £8m it reported in 2020. Since then it has lost almost £50m.
Bank of England gets the ‘green light’ for another rate cut following wage figures September 10, 2024 For the second month in a row the figures show that pay growth eased markedly even while unemployment edged lower.
JD Sports puts almost 200 jobs at risk as it moves to close major distribution centre September 10, 2024 Almost 200 jobs have been put at risk of redundancy after JD Sports confirmed plans to close one of its major distribution centres. The Greater Manchester-headquartered group, which is listed on the London Stock Exchange, is to shutter its location at Derby Commercial Park. The move comes after JD Sports penned a 20-year lease on [...]
Wage growth slows ‘markedly’ in a boost for the Bank of England September 10, 2024 Strong wage growth has been a concern for policymakers at the Bank of England due to fears that it could keep cost pressures elevated, particularly in the labour-intensive services sector.
More than 750 jobs at risk as Bakkavor set to axe major UK factory September 5, 2024 More than 750 jobs are at risk at the fresh food maker Bakkavor after the London-listed group said it would close one of its North West factories. The company, which is headquartered in London, said today it was looking at axing its Wigan facility after a review revealed it would need “significant investment” to continue [...]