Pubs, bars and restaurants are among the UK’s smaller businesses expecting a £180 million boost thanks to extended licensing hours for the coronation weekend, according to Barclays. Other parts of the economy will fare less well, however, as workers take time off. Forecasters told Bloomberg that the additional day off next Monday could tip the […]
The first ever council trial of a four-day-week has been hailed as a success, with average employee performance improving. South Cambridgeshire District Council trialled a four-day week for desk-based staff for three months, beginning in January of this year. Staff could take either Monday or Friday off, and their pay was not affected. According to […]
British workers are increasingly likely to work into their 70s, according to new research that found the cost of living crisis has left older people with little choice but to stay in employment. There were 446,601 people above the age of 70 still in work last year, a rise of 61% compared with 277,926 in […]
King Charles has been urged to call for the breakup of the “UK’s network of satellite tax havens” through which an estimated £152bn worth of tax is avoided every year, according to campaigners. Tax Justice Network, a coalition of researchers and activists campaigning against tax avoidance, are today calling on King Charles to use his […]
Business leaders’ optimism about the next year has risen for a fifth consecutive month, returning towards levels recorded immediately before Russia’s invasion of Ukraine. The Institute of Directors’ economic confidence index rose to a reading of -5 in April, from -13 in March and a low of -64 in November. A monthly sentiment index from […]
Breadcrumb Trail Links News Finance Banking Rapid deposit flight requires more financial oversight Get the latest from Stephanie Hughes straight to your inbox Sign Up Peter Routledge, head of OSFI, said there is more regulators can do to manage the rapid outflow of deposits that led to the failure of Silicon Valley Bank. Photo by […]
Hybrid workers will have to spend at least two days a week in the office, Lloyds Banking Group has told staff, with “card swipe data” used to monitor their return. Lloyds banking group’s decision to change its working from home policy was announced in a note from chief executive Charlie Nunn yesterday – as first […]
Natwest has beaten profit expectations during the first three months of this year. NatWest Group, which includes Royal Bank of Scotland and Ulster Bank, recorded a pretax profit of £1.8bn in the three months ending 31 March. The total comes in ahead of analysts’ expectations of £1.6bn for the quarter and ahead of the £1.2bn during […]
A lack of flexible job opportunities is keeping over 50s out of the workforce and preventing retirees from returning to employment according to a survey. Insurance giant Zurich UK found nearly one in five UK adults over 50 were deterred from applying for new jobs because of a lack of flexible working opportunities.
Britain is poised to dodge a recession this year, but inflation will not return to the Bank of England’s two per cent target until the end of next year, new forecasts out last night revealed. The fresh projections from consultancy PwC add to the growing body of organisations who have canned their prediction that the […]