The Times reported over the weekend that the government could overrule recommendations on public pay rises from the independent pay review bodies amid concerns higher wages could fuel rampant inflation. The reports, which followed news that the Bank of England had raised interest rates to 5 per cent in a shock move designed to tame
A health minister has insisted the government cannot commit to accepting the pay recommendations of independent review bodies of public sector workers, saying tackling inflation must be the top priority. Helen Whately, the minister of state for social care, said the government “looks at” the recommendations of pay review bodies (PRB), » Read More
Ronald Reagan once joked that the most terrifying words in the English language are: “I’m from the government and I’m here to help”. Yesterday Britain’s premier, faced with figures pointing to a deepening economic malaise, promised: “I am totally, 100%, on it and it’s going to be okay”. Reagan, like our PM a California-dweller, » Read
Reacting to figures today showing that inflation is stubbornly high, chancellor Jeremy Hunt said the new numbers “strengthen the case for the government to stick to its guns”. The new figures show the Consumer Prices Index (CPI) rose by 8.7 per cent in the 12 months to May, » Read More
The chancellor Jeremy Hunt has said the government is “on track” to deliver on its promise of halving inflation this year after price rises eased last month. Data published by the Office for National Statistics this morning showed that the Consumer Prices Index rose by 10.1 per cent in the 12 months to March this
Companies appear to be putting concerns over high inflation to one side when it comes to their recruitment plans, with job adverts remaining at consistently high levels. In the week of the 6th-12th March there were 205,947 new job postings, 1.5% higher than the week before, according to the Recruitment & » Read More
How long it remains elevated is anyone’s guess. But if high inflation does hang around, the impact on businesses will be severe. Rising costs can easily eat into companies’ profit… The post With inflation now at a 40 year high here are five ways strong businesses can withstand the rise appeared first on London Business…
Rising food and petrol prices sent consumer price index (CPI) inflation to a fresh 40-year high of 9.4 per cent in June. The latest inflation rise was driven by the sharpest single month rise in petrol prices since at least 1989 and food price inflation, which hit a 13-year high of 9.8 per cent. More…
Lurpak butter has now hit a staggering £7.25 for a 750g tub in Sainsbury’s as Brits are feeling the cost of living crisis and in another unidentified shop they are… The post One of the nations favourite butter hits an eye watering £9.35 with some supermarkets putting security tags on tubs appeared first on London…
The latest Ipsos Political Monitor, taken 22 to 29 June shows significant public concern at the potential for inflation to rise further amidst gloomy economic expectations. Inflation and cost of… The post Ipsos Political Monitor: Three in four Britons expect the economy to worsen in the next 12 months appeared first on London Business News…
