Workers are £11,000 worse off per year due to 15 years of wage stagnation, according to the Resolution Foundation. In new figures shared with BBC Panorama, the think tank calculated that, had wages continued to grow at the pace seen before the 2008 financial crash, the average worker would make £11,000 more per year than […]
More than a third of Brits surveyed say the budget last week made them more concerned about the state of the UK’s economy. Chancellor Jeremy Hunt unveiled his spring statement in the House of Commons last week in light of rosier economic projections and within the government’s self-imposed fiscal rules. He focused on childcare reforms, […]
The government’s failure to support the ailing UK steel industry in last week’s budget has put thousands of jobs at risk, the prime minister has been told. In a letter to Rishi Sunak, shared with the Guardian, the trade union Unite said it was “disappointed” that the government had not announced plans to tackle the […]
The average price of a property coming on to the market rose by £2,906 in March, as stability and confidence returned to the housing sector after the chaos unleashed by the mini-budget, new research has found. The average price of properties listed rose by 0.8 per cent this month, driven by a 1.2 per cent […]
The UK is still on course to be the only big wealthy economy to register negative growth this year, despite an upturn in growth prospects, according to new international forecasts. Projections from the Organisation for Economic Coordination and Development (OECD) show that the UK economy will be an outlier among wealthier countries with an annual […]
More than 1,000 Passport Office workers will go on strike for five weeks over a dispute about jobs, pay and conditions, unions say. Members of the Public and Commercial Services union working across England, Scotland and Wales will take part in the action from 3 April to 5 May. The union warned of delays to […]
Jacqueline Gold, the boss of the lingerie and sex toys chain Ann Summers, has died aged 62. The businesswoman died on Thursday evening after seven years of treatment for breast cancer. Ms Gold is credited with transforming the firm from four backstreet shops into a multi-million pound business with outlets across the UK. She was […]
Gold prices continue to rise as investors look for safe haven assets amid fears of further market volatility following Silicon Valley Bank’s collapse and the Swiss government’s emergency loan for Credit Suisse. The precious metal was trading at $1,936 on Friday afternoon, having started the day at $1,921 – reflecting a hefty bump-up over the […]
Airlines including Wizz Air and Ryanair owe millions of pounds to passengers from unpaid refunds and expenses, according to an investigation by the consumer group Which?. It called on the government and regulators to take urgent action over the £4.5m it calculates carriers owe in county court judgments (CCJs), describing the current enforcement of air […]
Rolls-Royce has received funding from the UK Space Agency to develop a nuclear reactor for a moon base. The project will look into how nuclear power could be used to support a future base on the moon for astronauts. Scientists and engineers at the British company are working on the microreactor programme to develop technology […]