Workers in private sector face year of stagnant wages and few chances to move, as pay and hiring suffer coronavirus fallout By Daily Mail City & Finance Reporter Published: 21:55 BST, 17 May 2020 | Updated: 21:55 BST, 17 May 2020 Workers in the private sector are set for a year of stagnant wages and … Read more
Unions have called a potential public sector pay freeze a ‘betrayal’ as millions of private sector workers faced pay cuts or lost their jobs. A Treasury document has estimated the UK’s deficit could reach £337billion this year because of the pandemic, compared to the forecast £55billion in March’s Budget. The paper said measures including income … Read more
UK in worst recession in living memory: 591,000 firms at risk of going bust as car sales crash to lowest since 1946 By James Salmon for the Daily Mail Published: 22:55 BST, 5 May 2020 | Updated: 23:41 BST, 5 May 2020 Households have been told to brace themselves for the worst recession in living … Read more
Carbon emissions from the power sector have fallen by nearly 40 per cent across Europe due to coronavirus lockdowns, analysis suggests. Emissions of CO2 from power generation, including the harmful burning of coal, have been 39 per cent lower in the past 30 days than the same period in 2019. The analysis from climate think … Read more
MIDAS SHARE TIPS: Yew Grove cashing in on Ireland’s booming medical technology sector By Joanne Hart, Financial Mail on Sunday Published: 21:53 BST, 18 April 2020 | Updated: 22:26 BST, 18 April 2020 Medical technology is big business. Annual sales topped £350 billion even before the coronavirus pandemic, and Ireland is one of the foremost … Read more
Richard Findlay, Livestock Board Chairman of the National Farmers Union British farmers have reacted with fury at public sector caterers’ move to cut meat servings in schools, universities, care homes, and hospitals by 20 per cent. Public sector caterers have vowed to hit the target as part of a pledge which also aims to boost … Read more
Hundreds of thousands of jobs in the retail sector are at risk of being lost amid the Covid-19 crisis, the British Retail Consortium has warned. Sales at shops across Britain fell to their lowest level on record last month, with worse figures yet to come, the BRC said. With ‘non-essential’ bricks-and-mortar shops shut up and … Read more
What are the new measures that have been introduced? The Treasury has confirmed: The introduction of a new Coronavirus Large Business Interruption Loan Scheme (CLBILS) providing a Government guarantee of 80 per cent to enable loans of up to £25 million for firms with an annual turnover of between £45 million and £500 million A … Read more
Public sector workers now eight times more likely to enjoy gold-plated pensions than those in the private sector By James Salmon for the Daily Mail Published: 21:51 GMT, 9 March 2020 | Updated: 21:51 GMT, 9 March 2020 Public sector workers are more than eight times more likely to enjoy gold-plated retirement benefits than those … Read more
Service sector slows as the coronavirus outbreak starts biting the economy and Bank of England top brass face interest rate conundrum Closely-watched economic survey reading fell from 53.9 to 53.2 last month New orders and recruitment growth slowing as the coronavirus hits Remains unclear whether BoE will follow the US Fed and cut interest rates … Read more