UK companies have lifted their expectations for pay rises, according to a Bank of England survey. British employers’ expectations for pay growth in the coming 12 months increased to 5.1%… The post BoE: UK companies have lifted their expectations for pay rises appeared first on London Business News | Londonlovesbusiness.com.
Retail sales fell 0.5% in May, figures out today show. Spending in food stores fell 1.6% while fuel sales up as more people head back to the office. Danni Hewson, AJ Bell financial… The post Cost of living pressures take a bite out of retail sales appeared first on London Business News | Londonlovesbusiness.com.
The cost of living crisis is causing clear mental health damage, as well as hitting people’s finances, today’s report from the Office for National Statistics shows. Myron Jobson, senior personal… The post Cost of living crisis is causing clear mental health damage appeared first on London Business News | Londonlovesbusiness.com.
UK trade secretary, Anne-Marie Trevelyan, is meeting with India’s trade chief, Piyush Goyal, next week for the fourth round of talks on a trade deal between both countries. This is… The post Fourth round of trade talks: Government edges closer to ‘Golden Opportunity’ with India appeared first on London Business News | Londonlovesbusiness.com.
As Mental Health Awareness Week comes to a close – during which a special emphasis has been placed on tackling loneliness – new research from the UK’s most awarded personal… The post 1-in-4 Brits feel the weight of financial responsibility for their family is putting the biggest strain on their mental health appeared first on…
The market mood seems to have turned on a sixpence. Investors had initially taken Fed chair Jay Powell’s guidance that a 0.75 percentage point increase in rates was unlikely as… The post Market mood changes amid heavily selling in US appeared first on London Business News | Londonlovesbusiness.com.
Like BP, Shell will have done nothing to quieten voices calling for a windfall tax on the oil and gas sector after its latest update – with profit coming in… The post Shell profit beats expectations amid windfall tax talk appeared first on London Business News | Londonlovesbusiness.com.
The 6th of May is the 25 year anniversary of the Bank of England being granted independence. Over that time, CPI inflation has averaged 2.1%. However there has been significant… The post The Bank of England’s scorecard after 25 years of independence appeared first on London Business News | Londonlovesbusiness.com.
The International Monetary Fund (IMF) will today outline the expected cost to the world economy of Russia’s invasion of Ukraine and rising global prices, in its latest GDP forecasts. Kristalina… The post IMF to downgrade global growth forecasts appeared first on London Business News | Londonlovesbusiness.com.
Just over a quarter of savers surveyed (26%), who have a workplace pension, think that their current amount of pension saving will not be enough to get by on when… The post Quarter of savers believe their current level of pension saving won’t be enough to live off in retirement appeared first on London Business…
