While most workers spend July counting down the days to their holidays, arable farmers spend these weeks anxiously watching their crops — and the weather forecast — ahead of the harvest. However this year the anxiety is building. Dry weather and soaring fuel and fertiliser costs mean that the yield and margins on the crops […]
Low growth and inequality have left British households £8,800 worse off than their counterparts in other wealthy countries, research has found. Living standards in the UK lag those in Australia, Canada, France, Germany and the Netherlands, with low and middle-income households affected most severely, according to analysis by the Resolution Foundation think tank and the […]
Twitter sued Elon Musk last night for violating his $44 billion deal to purchase the social network and asked a Delaware court to force the world’s richest man to complete the takeover. The social media group alleged that Musk had caused “irreparable harm” by breaching their deal, which it has vowed to enforce. He moved […]
Over one hundred Crown Post Offices will be disrupted by strikes today after workers voted in favour of a staff walk out over pay. The industrial action of 1,500 staff will cause “considerable delays” for consumers, the Communications Workers Union (CWU) said. Union members rejected a pay offer by the Post Office, which the union […]
Elon Musk has moved to terminate his $44 billion takeover of Twitter, walking away from a bid that had faced growing scepticism on Wall Street. Lawyers representing the world’s richest man argued that the social media group was in “material breach” of the merger agreement, alleging that it appeared to have provided “false and misleading […]
Local authorities in Germany have begun rationing energy, dimming street lights and closing swimming pools to cope with soaring gas prices in the wake of Russia’s move to slash energy supplies. The country has been plunged into an energy crisis after the Kremlin last month moved to sharply reduced gas supplies to Germany, leaving utilities […]
Sainsbury’s has seen off an attempt by a group of shareholders to force it to commit to paying the so-called real living wage to all staff. At the retailer’s annual meeting yesterday 83.31 per cent of shareholders who voted were against the resolution put forward by the non-profit group ShareAction, whose City backers included Legal […]
New figures out this morning show that the growth of the “subscription economy” is stalling rapidly as living costs squeeze household budgets and people return to pre-coronavirus pandemic routines. More than a third (36%) of people say they have cancelled at least one subscription because their disposable income has fallen as interest rates and inflation […]
Dairy farmers are warning that a chronic shortage of workers is hitting milk production and further fuelling food price inflation, and are calling for urgent action to stop the situation getting worse. Eight in 10 farm owners looking for workers said they had received very few or zero applications from people with the right experience […]
What price happiness? The answer might be £3,360 a year, as the average UK worker would take a 10.5% pay cut to work for an employer where staff enjoy “above average” levels of happiness, a study has shown. The research, which examined 23 million jobseekers across the UK, US and Canada, comes amid a growing […]