Wage growth picks up as UK unemployment falls

  • December 17, 2014

Wage growth picks up as UK unemployment falls The unemployment rate was 6% in the three months to October Wage growth in the UK is picking up, figures from the Office for National Statistics (ONS) indicate. In the August-to-October period, average earnings excluding bonuses were up 1.6% from a year earlier. Including bonuses, earnings rose […]

Lloyds shares to be sold by the government

  • December 17, 2014

More Lloyds shares to be sold by the government The government has announced that it is to sell more of its shares in Lloyds Banking Group. At present, the government owns a 25% stake in the UK bank. If the latest sale is fully taken up then the government will raise £3bn and be left […]

UK unemployment falls by 115,000 to 1.96 million

  • November 12, 2014

UK unemployment falls by 115,000 to 1.96 million UK unemployment fell by 115,000 between July and September to 1.96 million, according to the Office for National Statistics (ONS). It was the 18th consecutive quarterly fall. Figures also showed that one measure of average earnings growth beat inflation for the first time in five years. The […]

Overtime ‘should count in holiday pay’

  • November 4, 2014

Overtime ‘should count in holiday pay’ Workers have won a groundbreaking case at the Employment Appeal Tribunal to include overtime in holiday pay, according to the Unite union. This means all people working voluntary overtime could claim for additional holiday pay. Currently, only basic pay counts when calculating holiday pay. The details of the ruling, […]

UK unemployment falls below two million

  • October 15, 2014

unemployment falls below two million UK unemployment has fallen below two million in the three months to the end of August for the first time in almost six years, official figures show. The number of jobless people fell by 154,000 to 1.97 million over the quarter, the Office for National Statistics said. The drop, which […]

UK inflation rate of 1.2% is lowest in five years

  • October 14, 2014

UK inflation rate of 1.2% is lowest in five years UK inflation fell to a five-year low of 1.2% in September from 1.5% the month before, official figures show. The rate – as measured by the Consumer Prices Index – is the lowest since September 2009, when it was 1.1%. Lower energy and food prices […]

Millions of customers vulnerable to fraud, warn UK banks

  • October 13, 2014

Millions of customers vulnerable to fraud, warn banks The UK’s High Street banks are warning that millions of account holders are vulnerable to fraud – online or over the phone. With help from the police, the banks have now launched a campaign to make customers more aware of the threat. They have published a list […]

UK Income tax target set to be missed

  • October 13, 2014

Income tax target set to be missed, says OBR Income tax is likely to fall short of the government’s target for this financial year despite record employment, the Office for Budget Responsibility (OBR) has warned. The UK budgetary watchdog said many new jobs were low paid or created through low-paid self-employment. OBR chairman Robert Chote […]

1,000 new UK jobs

  • October 13, 2014

Amazon to create 1,000 new UK jobs Internet retailer Amazon is to create 1,000 new permanent jobs in the UK at its distribution centres. The firm said it would add the jobs to its existing 6,000-strong workforce in its distribution and customer service centres “in the coming months”. “As we see greater demand, we are […]

UK inflation rate down to 1.5% as food and petrol costs fall

  • September 18, 2014

UK inflation rate down to 1.5% as food and petrol costs fall Food items fell sharply in price in August The annual rate of UK inflation fell in August as the cost of petrol, food and non-alcoholic drinks declined. Consumer Price Index (CPI) inflation fell to 1.5% from 1.6% in August, the Office for National […]