Record fall in UK pay as inflation hits 40-year high
Pay rises are still failing to keep up with inflation, according to the latest data from the Office for National Statistics (ONS). New figures for March to May 2022 show…
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Tourism and hospitality boost UK economy in May
Businesses that were among the worst hit by lockdown helped the UK’s economic recovery to accelerate last month, according to the latest Lloyds Bank UK Recovery Tracker. The report showed…
Now is ‘not the time’ for tax rises, MPs say
Tax increases in the upcoming Budget could undermine the UK's economic recovery from Covid-19, the Treasury Committee has warned. In a cross-party report published as part of its Tax After…
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Should there be a tax on working from home?
Working from home has allowed millions of people to continue working during the Covid-19 pandemic. But not every job can be done remotely, and a new report argues that home-working…
‘Real living wage’ for UK workers rises to £9.50 an hour
More than 250,000 people who work for an employer accredited with the Living Wage Foundation are set to get a pay rise. Almost 7,000 employers across the UK have pledged…
CFOs don’t expect recovery until next summer
Almost two-thirds (62%) of finance leaders in the UK believe that demand for their own businesses is unlikely to recover to pre-pandemic levels until after the second quarter of 2021.…
Employers planning redundancies at twice the rate of last recession
Employers in Britain are making plans for redundancies at more than double the levels seen in the 2008/9 recession, new figures reveal. It comes after social distancing measures to prevent…
HMRC estimates 1 in 10 furlough claims may have been fraudulent or paid in error
Businesses may have wrongly claimed up to £3.5bn in furlough payments, HM Revenue and Customs believes. The UK Government has so far paid out £35.4bn through the Coronavirus Job Retention…
Digital Technologies to Boost UK Economy Significantly
Recent findings reveal the vast potential of digital technologies to enhance the UK economy.The report suggests a 2.5% GDP increase with full digital adoption.A net creation of 800,000 jobs is…
Bad weather hits UK retail sales
Retail sales across the UK fell between February and March this year because of bad weather, the Office for National Statistics (ONS) reported today. The quantity bought in the retail…
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