The UK now ranks 29th in a global chart of life expectancy, down from seventh place in 1952, according to new analysis. Researchers warned that the UK was slipping down the global ranks, performing worse over the past seven decades than all G7 countries except the USA. For the analysis, which was published in the […]
The John Lewis Partnership has confirmed that it will ditch the annual bonus for its 74,000 employees next year after it sank back into the red. The employee-owned group posted a loss before exceptional items and tax of £78 million for the year to January 28, down from a profit of £181 million last year. […]
Deliveroo shares have continued to pedal downwards this morning as investors struggle to regain confidence in the brand following its decision to slash some 350 job roles and disastrous IPO listing. It comes as the food delivery group, which has seen its share price fall consecutively over the past 12 months due to tough market […]
Nuclear must form part of a decarbonised portfolio of energy production, argued Grant Shapps, energy and net zero secretary. He said: “If you want to get to net zero and get rid of hydrocarbons, we have to accept that base loads are required somewhere. Nuclear power can and should be part of that.” Shapps told the […]
Overseas bricklayers and carpenters could be able to get work visas more easily in the UK after the government updated its shortage occupation list. The list, which now also includes roofers and plasterers, highlights occupations that employers are struggling to fill. However, hospitality, which has had problems recruiting, was not included. The change on construction […]
Business groups have urged the government to make permanent a new £9 billion-a-year capital allowances scheme designed to stimulate investment. The chancellor yesterday announced a new “full expensing” policy for the next three years under which businesses can deduct 100 per cent of the cost of capital spending for certain plant and machinery against taxable […]
NatWest is limiting the amount of money customers can transfer to cryptocurrency exchanges. From today, customers will be able to transfer a maximum of £1,000 a day to such exchanges, and no more than £5,000 per month. The bank says it is to protect customers from “crypto-criminals” seeking to scam them. Most cryptocurrencies are not […]
The number of companies entering insolvency rose by almost a fifth last month as a result of the cost of living crisis and higher interest rates. Registered company insolvencies increased by 17.5 per cent year-on-year to 1,783 in February, according to figures from the Insolvency Service. Nicky Fisher, vice-president of the restructuring industry body R3, […]
The owner of Facebook and Instagram will cut another 10,000 jobs, months after laying off 11,000 staff, as the technology group prepares for years of economic disruption. Meta Platforms unveiled a fresh wave of redundancies as it battens down the hatches, announcing it would also shut about 5,000 additional vacant roles that it had not […]
The chancellor will promise to provide 30 hours of childcare a week to parents of one and two-year-olds. The announcement is part of a £4bn expansion of free childcare for one- and two-year-olds in England is expected to be announced in the today’s budget as part of a wider drive to help people into work […]