Retirees in the UK can expect an 8% increase in their pensions next year, as Chancellor Rishi Sunak reaffirms his commitment to the ‘triple lock’ policy. This policy dictates that the state pension rises each April by the highest of three factors: average earnings, prices, or 2.5%. Despite a dip in the headline Consumer Prices […]
Food price inflation in the UK eased to 12.7% last month, the second sharp drop in a row, as the price of milk fell back but eggs, sweets and oven chips continued to increase. Price rises slowed for the fifth month in a row in the four weeks to 6 August, the market research group […]
Jaguar Land Rover (JLR) has recently announced its plans to create hundreds of new job opportunities in the West Midlands region. This recruitment drive aims to support the increasing production of Range Rover vehicles and the development of next-generation electric models. With a focus on bolstering their workforce, JLR is seeking to hire 300 technicians […]
Next year’s rise in English rail fares will be below 9% as the Government announced on Tuesday that any increase will be below the rise in the Retail Prices Index (RPI) measure of inflation for the 12 months to July. The Department for Transport said any change to fares will be implemented in March next […]
Challenger bank Monzo has topped an official league table charting whether customers would recommend their bank to family and friends. The Official League Table, published by the Competition and Markets Authority (CMA), is a biannual survey that rates the service quality of personal and business current account providers in the UK. The survey covers various […]
The Financial Conduct Authority (FCA) has launched an inquiry to investigate the phenomenon of ‘debanking’, aiming to assess the extent to which individuals, particularly politically exposed persons (PEPs) such as politicians and military leaders, have faced the denial of banking services. This move comes in the wake of the recent controversy involving Nigel Farage, whose […]
The landscape of the UK rental market is undergoing a significant shift as a growing number of landlords are opting to sell their properties amid a surge in mortgage rates. This trend, driven by a combination of economic factors, is causing ripples throughout the real estate industry and raising questions about the long-term stability of […]
HMRC revealed its plans to engage 1,630 extra temporary workers every month until September, as it looks to improve declining service levels – a move which flexible working expert, Qdos, has said “smacks of irony”. In its latest set of accounts, HMRC stated that it will engage 1,630 additional temporary staff monthly, between April and […]
Amazon, the global online retail giant, has partially relented following a row over new rules that would have affected thousands of marketplace sellers in the UK and continental Europe. The company initially announced that it would hold on to the proceeds of sales for more than a week, rather than crediting sellers’ accounts immediately after […]
Artificial intelligence training is as important for students as maths and english according to Multiverse, the training company set up by Tony Blair’s son. Euan Blair’s apprenticeship organisation has announced a new AI training programme from September to help train thousands of apprentices across the UK, delivering on-the-job experience in AI. A poll of 1,000 […]