Economy NEWS

Half of British employers worry about recruitment

One in two British employers anticipate that they will struggle to recruit permanent staff in the near future, according to a survey from the Recruitment and Employment Confederation (REC) reported by Reuters. Fifty … Continue reading “Half of British employers worry about recruitment”


CBI President warns Brexit could lead to ‘extinction’ of UK manufacturing

The President of the CBI has warned that sections of the UK car industry face ‘extinction’ unless the UK remains in an EU customs union, according to BBC News. Paul Dreschler said a … Continue reading “CBI President warns Brexit could lead to ‘extinction’ of UK manufacturing”


RAC calls for fuel retailers to cut prices

The RAC has said that fuel prices in the UK are unjustifiably high and wholesale price drops should be passed onto consumers, according to BBC News. The motoring organisation says there is ‘no … Continue reading “RAC calls for fuel retailers to cut prices”


UK inflation at a one-year low

Inflation in the UK remained at a one-year low in May, leaving open the possibility of a raise in the interest rate from the Bank of England. In May 2018 consumer price inflation … Continue reading “UK inflation at a one-year low”


UK farmers face migrant labour shortage

British agriculture is facing a labour shortage as recruitment agencies warn they cannot find enough workers to pick this year’s fruit and vegetable harvest, according to BBC News. More than half of recruitment … Continue reading “UK farmers face migrant labour shortage”


Markit survey reveals state of UK manufacturing

A Markit survey has revealed that UK factories experienced growth in May for the first time in six months, but there are serious underlying weaknesses in the sector, according to Reuters. The Markit/CIPS … Continue reading “Markit survey reveals state of UK manufacturing”


DB pensions deficit down £53bn in a month

Deficits in UK private defined benefit (DB) pension schemes fell to £78bn at the end of April, down by £53bn in the last month according to data from JLT Employee Benefits reported by … Continue reading “DB pensions deficit down £53bn in a month”


Bank of England likely to delay interest rate rise

The Bank of England has been put under pressure to delay raising interest rates, according to the Guardian. The move comes after figures for manufacturing and consumer credit indicated weakness in the UK … Continue reading “Bank of England likely to delay interest rate rise”


Rate of working mothers up 50% in four decades

The proportion of UK mothers of working age in employment has risen by almost 50% since the 1970s, according to the Institute for Fiscal Studies (IFS). As reported by BBC News, a report … Continue reading “Rate of working mothers up 50% in four decades”


No more rail franchises before review, says committee

A parliamentary committee has described the UK’s rail franchising system as ‘broken’  according to Reuters. The Public Accounts Committee (PAC) said that no further franchises should be awarded before a government review is … Continue reading “No more rail franchises before review, says committee”


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