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Thursday, August 11, 2022

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Economic

Concern about inflation rises to a new 40-year high

The July 2022 Ipsos Issues Index shows public concern about inflation continuing to rise, with almost half now mentioning it as a big issue. Forty-five per cent of Britons say… The post Concern about inflation rises to a new 40-year high appeared first on London Business News | Londonlovesbusiness.com.

Record fall in real wages adds to squeeze on household finances

Wages are rising, but prices are rising much faster, resulting in a record 2.8% fall in regular pay in real terms. With inflation set to rise even further from here,… The post Record fall in real wages adds to squeeze on household finances appeared first on London Business News | Londonlovesbusiness.com.

Almost a quarter of employees fear their organisation will not survive a recession

New data from HR, payroll and finance expert MHR reveals eight in ten (78%) employees believe the UK is heading for a recession, with nearly a quarter (23%) of poll respondents fearing… The post Almost a quarter of employees fear their organisation will not survive a recession appeared first on London Business News | Londonlovesbusiness.com.

UK economy grows 0.5% in May but headwinds remain

UK GDP grew 0.5% in May after two months of contraction, according to official figures. Doctor visits and travel agent boom play a big part but retail a drag on… The post UK economy grows 0.5% in May but headwinds remain appeared first on London Business News | Londonlovesbusiness.com.

Private investors weather economic storm – but what does the future hold?

Interactive investor’s latest private investor performance index to 30 June 2022 reflects the challenging first 6 months of the year. Private investors have navigated volatile markets, rising interest rates, looming… The post Private investors weather economic storm – but what does the future hold? appeared first on London Business News | Londonlovesbusiness.com.

Markets remain wobbly as inflation woes bite

The sun is shining bright, the weekend is here, yet all investors can think about is medicine to calm the motion sickness after one of the most chaotic five days… The post Markets remain wobbly as inflation woes bite appeared first on London Business News | Londonlovesbusiness.com.

‘Enough is enough’ the ‘government must act’ as ‘record fuel prices are crippling the lives of those on lower incomes’

Data from Experian shows the average price of a litre of petrol at UK forecourts reached a record 182.3p on Wednesday and on Thursday petrol has now exceeded £100 for… The post ‘Enough is enough’ the ‘government must act’ as ‘record fuel prices are crippling the lives of those on lower incomes’ appeared first on…

Sadiq Khan warns cost of living crisis could reverse fall in violent crime

As a result of the Mayor’s relentless focus on tackling violent crime and its underlying causes, and the hard work of police officers and youth workers across the capital, the… The post Sadiq Khan warns cost of living crisis could reverse fall in violent crime appeared first on London Business News | Londonlovesbusiness.com.

Asda ‘hiked its average petrol price nearly 5p a litre in a single day, which is unheard of’ as petrol hits £100 for a...

On Wednesday the average cost of filling a typical family car is set to exceed £100 for the first time which will cripple motorists. On Wednesday data firm Experian Catalist… The post Asda ‘hiked its average petrol price nearly 5p a litre in a single day, which is unheard of’ as petrol hits £100 for…

Cazoo set to cut hundreds of their workforce amid the ‘rapid shift in the global economy and the possibility of a recession’

The online car seller Cazoo have announced they are to cut 750 jobs across Europe and the UK and will also slow down on hiring new staff as they look… The post Cazoo set to cut hundreds of their workforce amid the ‘rapid shift in the global economy and the possibility of a recession’ appeared…

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