Could quiet quitting be for you? 1st footage / Shutterstock In many offices (not to mention on Zoom, Teams and Slack), employees and managers alike are whispering about the “great resignation”. The UK saw a sharp rise in people quitting their jobs in 2021, and one fifth of UK workers still say they plan to […]
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While Putin reduces Russian gas supplies, Europe has become more dependent on shipments of LNG. Bill Chizek Photography/Alamy While thermometers have been well into the red across the northern hemisphere, people are panicking about the cost of energy bills once winter starts to bite. According to the latest forecasts in the UK, the minimum price […]
Read the articleHouseholds and businesses across the UK may need to adjust their living habits in line with spiking bills this winter. Monkey Business Images / Shutterstock UK inflation, already at 40-year highs, could pass 13% in October, according to Bank of England forecasts. While wages have not kept pace with inflation, much of the expected squeeze […]
Read the articleThe chip wars are hotting up. andriano.cz US semiconductor giant Micron is to invest US$40 billion (£33 billion) during the 2020s in chip manufacturing in America, creating 40,000 jobs. This is on the back of incentives in the recent US Chips Act, which has also unlocked major investments from fellow US players Intel and Qualcomm. […]
Read the articleThe triple lock increases some benefits payments by inflation, earnings or 2.5%, whichever is highest. Max_Z / Shutterstock Plans to increase state pension payments in line with inflation have been reinstated by the UK government and are supported by both of the contenders for the Conservative party leadership. But even if inflation was not always […]
Read the articleImprovements to the GB power market could help tackle the coming energy crisis. Bohbeh / Shutterstock British households are bracing for a winter of massive energy price increases. The average annual bill is forecast to rise above £4,000, which is more than three times what Britons were paying just 12 months ago. French households, meanwhile, […]
Read the articleThe ongoing Conservative Party leadership hustings haven’t seen much agreement between candidates, but they have resulted in the creation of a new political narrative: “Gordon Brown economics”. Foreign secretary Liz Truss explained away her rejection of cost of living “handouts” for households with the phrase. But even as she indicated a possible u-turn on the […]
Read the articleShutterstock/seisler There’s a good chance that you would like to see COVID disappear for good. And you may also wish for an end to the war in Ukraine – or any other war for that matter. But would you feel the same way if you were the head of a big pharmaceutical corporation which has […]
Read the articleHousehold bills have spiked in 2022. Cast of Thousands / Shutterstock UK households have faced unprecedented blows to their living standards in 2022. Home energy costs have more than doubled and are threatening to triple, the price of petrol has risen by more than half since the start of last year and overall price inflation […]
Read the articleSupermarket sweep. Shutterstock/Song_about_summer The cost-of-living crisis continues. The UK rate of inflation is up yet again, and expected to rise further. And as energy, transport, fuel and groceries all get more expensive, there are fears that over 4 million British households are experiencing financial difficulties. A recent survey suggests, perhaps unsurprisingly, that low prices will […]
Read the articleSpeaker Nancy Pelosi’s visit to Taiwan has elicited a strong response from China: three days of simulated attack on Taiwan with further drills announced, plus a withdrawal from critical ongoing conversations with the US on climate change and the military. This strong reaction was predictable. President Xi had earlier warned President Biden not “to play […]
Read the articleSame role, different wage. AllGo, CC BY-SA Ethnic minorities make up an ever larger share of the UK workforce. Where just over 6% of all workers were from minority backgrounds 20 years ago, now it’s nearly 14%. Yet employees from non-white ethnic groups still tend to earn less than similarly qualified white employees. The overall […]
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