Women are giving up jobs in droves because they cannot balance work, pay, and childcare costs. Among single mums, 13 per cent have left, versus one in ten among all women. The figures stem from a report by the Fawcett Society, according to which the motherhood penalty has driven a quarter of a million women […]
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Ofgem is to announce the new energy price cap for the October to December period on Friday. Thinktank Resolution Foundation has accused the energy regulator of sanctioning energy companies applying “unfair” prices, warning that more than seven million households will likely face higher energy bills than last winter. Resolution Foundation revealed that higher standing charges […]
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When 4 Day Week Global not-for-profit organisation launched its pilot in the UK, few expected the results to be so overwhelmingly positive. Better mental health and well-being among staff, alongside significantly higher productivity, transpired during the trial across different industries. A large proportion of participating businesses went on to permanently introduce the four-day workweek. Now, […]
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With inflation still higher than anticipated and an imminent interest rate hike, the social impact of the cost of living crisis will likely deepen, especially among young people. A new UK Youth survey among 16-25-year-olds highlights that the cost of living crisis is negatively affecting mental health and social well-being. Thousands of young people feel […]
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With junior doctors demanding a 35%-pay rise and the government insisting it cannot afford such a sharp increase, the BMA has asked the government to enlist conciliation service Acas to help end the stand-off. The British Medical Organisation, representing junior doctors, told the BBC that working with Acas provided “the most realistic chance” of ending […]
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The HMRC is sending private debt collectors to universal credit claimants who erroneously and, in most cases through no fault of their own, received overpayments. The government wants to reclaim the money, some of which goes back ten years. According to a Sky News report, the government is cutting benefits to over one million people […]
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Although HSBC stepped in to rescue the UK branch, the fallout from the Silicon Valley Bank collapse will likely ripple on. In an open letter to banking regulators and Rishi Sunak, technology founders and investors with a combined capital of more than £560bn expressed gratitude and relief. Nearly 900 tech industry representatives signed the letter […]
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The World Cup gave the UK economy an unexpected boost that increased GDP by 0.1% between October and November. Economists polled by Reuters had forecast a 0.2% contraction for the period but the rise “is likely to increase pressure on the Bank of England to raise interest rates,” reports the Financial Times. Cost of living […]
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Having spent billions on research and development in the process of the creation of the metaverse, Mark Zuckerberg announced yesterday that the company intends to lay off more than 10,000 employees. Big tech job cuts have featured across many well-known firms, including Twitter, Microsoft, and Netflix, to name but a few. Analysts attribute the need […]
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At noon today, the Bank of England is expected to announce a 0.75 interest rate increase in a move to curb inflation. This hike will put the base interest rate at 3%, the highest level since 2008. Increased interest rates will see millions of mortgage holders face additional monthly costs on top of escalating food […]
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