Justin Trudeau Resigns: Canada Enters a Pivotal Political Era Canadian Prime Minister Justin Trudeau has announced his resignation as leader of the Liberal Party, marking a seismic shift in the nation's political landscape. After nearly a decade at the helm, Trudeau’s decision reflects growing public dissatisfaction and mounting challenges that have plagued his government in […]
Post-Christmas Shopping Habits in 2024: The Decline of Boxing Day Bargains and the Rise of E-Commerce Boxing Day, long hailed as the ultimate shopping day for bargain hunters, has taken a back seat in 2024. Once the pinnacle of retail excitement, marked by crowded high streets, overflowing shopping centers, and early morning queues, Boxing Day […]
Businesses Brace for Price Hikes, Wage Cuts, and Job Reductions: Bank of England Survey Reveals Shocking Impact of Budget Measures A recent survey by the Bank of England has painted a grim picture of the UK’s business landscape in the wake of Chancellor Rachel Reeves' controversial budget. More than half of the firms surveyed expect […]
E.ON to Pay £14.5 Million Compensation After Prepayment Billing Failures In a move aimed at rectifying significant billing errors, energy giant E.ON Next has been ordered by Ofgem, the UK’s energy regulator, to pay £14.5 million in compensation to nearly 250,000 prepayment customers. This follows an 18-month investigation into "unacceptable" failures in the company’s billing […]
Pay rise negotiations are (relatively) easy to manage when the economy is growing and business is doing well but we’re now in a perfect storm, squeezed on all sides, and they’re much harder to deal with. So what can you do? Stay focussed on what’s important Well, firstly, always stay focussed on the important things. […]
Following two years of economic turmoil triggered by the pandemic, many companies would have thought the worst was behind them. Yet 2022 has thrown a new wave of challenges which undermines the productivity, growth, and ultimately, survival of UK firms. With inflation rising up to 9% - a 39-year high and recent figures displaying that […]
As first reported by Sky News, aero-engine group Rolls-Royce is to give a one-off payment of £2,000 to 14,000 of its UK employees to help with the rising cost of living. In addition to the lump sum, Rolls-Royce will also offer a 4% pay rise backdated to March to 11,000 shopfloor workers. Rolls-Royce, which is […]
The report, published on Friday, said that Murphy had fixed pay of £1.54 million and performance-related pay of £3.21 million. Tesco also noted that Murphy would receive a salary rise of 2.25% in 2022-23. Last month, Tesco reported a 36% increase in profit for 2021-22, though warned of a decline this financial year as rocketing […]
At a time when inflationary pressures mean real wages are falling, and staff shortages are rife in many industries, many employers simply can’t afford to increase salaries. So, what else can they do to recruit and retain staff? Some industry sectors are struggling more than others to find the right people to fill posts, particularly […]
Charles Courquin, Director at Symatrix, explains how employers can help their staff through the spiralling cost of living crisis. The rise in inflation, interest rates and national insurance, along with the incoming price cap shift on energy bills is a significant cause of worry for many workers across the UK. That’s not even taking into […]
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