Britain is bracing for a week of chaos with the biggest rail strike in a generation – and now other trade unions are threatening walkouts this summer which could see action from teachers, NHS staff, barristers, postmen and more. With services slashed to 20 per cent of their normal frequency, some locations have been cut
The growing gulf gap between wages and house prices risks causing another financial crisis, economists have warned. It is feared that the increasing strain on household finances caused by rising costs will divert vital spending from the economy, a report reveals today. Property prices will climb a further 8pc over 2022 and by 2024 will be 26pc
Thailand recorded 9.7 billion real-time electronic payment transactions last year, putting it in the third position globally after India (48.6 billion times) and China (18.5 billion times). This data was revealed in a study by ACI Worldwide, Global Data, and Centre for Economics and Business Research. “Real-time e-payments have helped boost Thailand’s GDP in 2021
Britain’s cities could be cut off from one another and NHS patients may put under increased risk if militant left-wing union barons push ahead with a once-in-a-generation set of strikes that will cripple more than half of the country’s railway network. Major towns stretching from Dorset, Cheshire, Wales and Scotland will have no links at all while
Hospitality chiefs today said the national rail strike will cost the sector £540million over the week amid a 20 per cent drop in sales, hit ‘fragile consumer confidence’ and could ‘deliver a fatal financial blow’ to some firms. The warning came as the devastating impact of next week’s strikes on the London Underground and Overground emerged, with
Boris Johnson wants this month’s widespread rail strikes to go ahead so he can “feed off the division”, Labour leader Sir Keir Starmer has said. Starmer said during Prime Minister’s Questions (PMQs) that “I don’t want the strikes to go ahead”, after a series of Tory attacks pinning the blame for the industrial action on
Only half of Britain’s train network will run on strike days next week – with a very limited service on those lines from around 7.30am until 6.30pm, rail bosses said today as unions were accused of putting Britain back into lockdown. Members of the Rail, Maritime and Transport (RMT) union at Network Rail and 13
More than £4billion of retirement spending is set to be funded by equity release this year, with the figure predicted to more than double by the end of the decade, new data shows. Equity release now funds one in every £90 spent domestically by retired people, according to research by insurer Legal & General and the Centre
Equity release finances around £1 in every £90 spent by retired people within the UK, according to analysis. Total retirement spending funded by equity release could top £4 billion this year and £5 billion in 2025, according to modelling by the Centre for Economics and Business Research (Cebr), as homeowners increasingly look to property wealth to support
By 2030, a more inclusive digital society could add £168 billion to the UK economy (Cisco, CEBR, June 2022). That is why today, Cisco has committed to help accelerate economic growth across the UK through digital inclusion and innovation. Through investment in partnerships, projects and initiatives focussed on creating opportunity for people, organisations, industries, and
Joining the CBI’s Skills Think-In on 10 May, it was clear that when it comes to skills, we all have a shared vision. From local authorities and community outreach organisations to private sector business leaders, everyone round the table agreed: we can’t drive forward regional growth – attracting investment and helping to level up the
It’s a question I’m getting asked constantly by employers – what should we be doing? And what are others doing? Some of the biggest UK businesses are weighing up if and how they should support their workforce through the cost of living crisis, and with good reason. Employees’ financial struggles are costing businesses. The Centre for
Soaring inflation, an economy falling to the bottom of global league tables, and a summer of strike action ahead. As Boris Johnson attempts to reset the political agenda, the economic backdrop could hardly be worse. This week the government will face more troubling news, with official figures on Monday expected to show the economy came close
Further rail strikes across Scotland will strip millions of pounds from the economy, experts predict, as council officials demand that SNP ministers intervene on a pay dispute to ensure schools can reopen in August. About 40,000 rail workers across the United Kingdom plan to walk out on June 21, 23 and 25 in a row
The looming national rail strike could cost the UK economy more than £90million a year, say experts. The RMT has confirmed plans for three days of walk-outs by tens of thousands of rail workers on June 21, 23 and 25 in a dispute over pay. It comes amid what is threatening to turn into a “summer of
