Fewer unemployed people than job vacancies: Jobless rate lowest since 1974 with 121,000 more Brits on payrolls May 17, 2022 The number of UK workers on payrolls rose by 121,000 between March and April to 29.5m, the Office for National Statistics said this morning. It means Britain’s jobless rate has fallen to its lowest level for over 47 years but workers have seen their pay fall further behind rocketing inflation, according to official figures. The [...]
Are you suffering from re-entry syndrome? How to cope with post-COVID anxiety May 17, 2022 | City Talk Information and support to help you cope with anxiety brought on the post-pandemic return to ‘normal’. The heights of the COVID-19 pandemic and the associated periods of lockdown were extremely difficult for many people. From health concerns to money worries and loneliness, a range of issues placed pressures upon our mental wellbeing. Whilst COVID hasn’t gone [...]
Exclusive: UK business loans written off by banks almost double to £356m as insolvencies quadruple May 16, 2022 The value of UK business loans written off by banks nearly doubled in the last quarter of 2021, rising 87% from £190m in the third quarter to £356m in the fourth quarter. Debt advisors told City PM this afternoon that write offs of loans have been subdued throughout the Covid crisis but are now rising [...]
Enough is enough: Employers are running out of steam on ability to hike pay or make well-paid job offers May 16, 2022 Close to half of UK employers report having vacancies that are hard-to-fill, and almost two thirds anticipate problems filling vacancies in the next six months. The most common response made in the past six months by employers with hard-to-fill vacancies has been to increase pay, according to new research from CIPD, the professional body for [...]
Only one in ten UK workers to get pay rise this year as most Brits say employer simply does not care May 16, 2022 Most workers are in the dark over their pay or have already been told they will not have a wage rise this year, according to new research. A survey of 4,000 workers showed that only one in 10 has been told they will be getting a pay increase. Jobs site CV-Library said its study indicated [...]
Boost for the City as UK trading venues regain top spot for Sterling swaps with even greater share than before Brexit May 16, 2022 UK trading venues have recovered their position as the biggest location for on-venue execution of GBP interest rate swaps (IRS), giving them a greater market share than pre-Brexit. In fact, a third of all GBP swaps and 57 per cent of on-venue GBP swaps are now executed in UK venues, the highest ever recorded share, [...]
Capital gains tax receipts increase £5bn in two years: Is its future aligned with income tax? May 15, 2022 The amount of Capital Gains Tax collected by the government has shot up by more than £5bn in the past two years, according to official figures from HMRC. Rising from £9.8bn in 2019/20 to £14.9bn in 2021/22, the huge increase comes after changes to the tax and rising house prices. The increase in Capital Gains [...]
City boss pays staff in gold to beat inflation: ‘Makes no sense to pay them in pounds’ May 15, 2022 Staff at a financial services firm in Canada have been offered the possibility to get paid in gold rather than pounds and pence — to help them keep ahead of inflation. TallyMoney CEO Cameron Parry is understood to be the first employer in the country to trial a gold payroll, though other [...]
Millions of Brits face £100 per month budget shortfall as merciless cost-of-living crisis deepens May 14, 2022 Millions of households could be left around £100 per month short of what they need to cover their spending in just two years’ time on average, as costs rise faster than incomes, a new report suggests. By 2024, average weekly incomes could increase to £680 by 2024 – while average weekly UK household spending may [...]
90,000 jobs at risk: Whitehall bloodbath looms as Boris Johnson orders ministers to sack a fifth of all civil servants May 13, 2022 Tens of thousands of Brits in Whitehall and elsewhere may lose their job as Boris Johnson has tasked ministers with cutting around 90,000 civil service positions. The Prime Minister told his Cabinet yesterday afternoon that the service should be cut by a fifth. Johnson made the demand during an away day with ministers in Stoke-on-Trent [...]
