Public sector pay rises could cost up to £10bn, economist warns July 20, 2024 Independent pay review bodies are reported to be preparing to recommend such an increase for teachers and around 1.3m NHS staff, according to The Times.
FTSE 100 today: Blue-chip poised to end two-week winning streak amid global uncertainty July 19, 2024 Asian markets drop with Wall Street; oil prices fall; Japan inflation rises; Netflix exceeds subscriber targets; UK retail sales data next.
ECB leaves rates unchanged but investors left guessing on next steps July 18, 2024 The ECB voted to leave interest rates on hold.
Wage growth eases as Bank of England considers interest rate cut July 18, 2024 The labour market figures are the last major set of statistics before the Bank of England's latest interest rate decision in a couple of weeks time.
Profit warnings falling amid improving economy but scars remain July 18, 2024 "We can expect the economy to continue to recover, but slowly and unevenly," Jo Robinson, a partner at EY said.
FTSE 100 today: London markets poised to open higher as UK job creation likely slows July 18, 2024 Asian stocks fell amid rising US-China trade tensions. Investors now await UK employment data, the ECB decision and AJ Bell's earnings.
Labour’s employment reform unveiled: Insights for Canada employers from the King’s Speech July 17, 2024 | Sponsored In today’s King’s Speech [17th July 2024], King Charles III outlined the UK government’s legislative agenda for the new parliamentary season, highlighting Labour’s ambitious plans for employment reform, particularly on race equality and workers’ rights. Sir Keir Starmer, in his inaugural King’s Speech, reiterated his commitment to enhancing workers’ rights and empowering trade unions. The [...]
Hopes of a summer interest rate cut fade ahead of crunch wage data (and it’s partially due to Taylor Swift) July 17, 2024 There are two particular causes of concern for the Bank, services inflation and wage growth. The two are closely linked.
Stubborn services prices to raise concerns as inflation remains at two per cent July 17, 2024 Speaking last week, Huw Pill, the Bank's chief economist, said persistence in wage growth and services inflation points to "uncomfortable strength in those underlying inflation dynamics”.
UK gets another upgrade but Labour’s growth target looks ‘unlikely’, PwC says July 17, 2024 New forecasts from PwC suggest the UK will grow around one per cent this year, up from the 0.5 per cent projected by the firm at the end of last year.
