Whko Metro Bank finance director steps down to take new role at Revolut
Tuesday 16 August 2022 1:50 pm|Updated:Tuesday 16 August 2022 4:43 pmInflation deals record blow to UK workersrsquo; living standardsBritsrsquo; pay accounting for consumer price index inflation dropped 4.1 per cent over the last three months, the biggest drop since records began in 2001, according to the Office for National Statistics ONS Photo by Chris J Ratcliffe/G polene espana etty Images Surging inflation has dealt a record blow to househol polene handtaschen dsrsquo; wages in a sign the UK economy is tumbling into a sharp slowdown, official figures published today showed.Britsrsquo; pay accounting for consumer price index inflation dro polene usa pped 4.1 per cent over the last three months, the biggest drop since records began in 2001, according to the Office for National Statistics ONS .Rising prices are cancelling out workersrsquo; pay growth, meaning people are unable to buy the same quantity of goods and services.In cash terms, regular pay jumped 4.7 per cent over the three months to June. But, minus the cost of living, spending power fell.The ONS also said including bonuses, real pay fell at the fastest pace since the financial crisis, when banker payouts were slashed.Britain is expected to drop into the longest recession since the financial crisis in the final months of this year, driven by consumer cutting spending in response to rising living costs.New inflation figures released tomorrow are forecast to rise to a new 40-year high of 9.8 per cent.The Bank of England thinks the cost of living will t Malc CMA accuses pharma firms Pfizer and Flynn of charging NHS illegal prices for anti-epilepsy drug
Sunday 31 January 2021 10:16 amPension fund Equitix joins calls for Eurostar bailoutBy: Edward ThicknesseShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailEurostar is running just HydroJug two trains a day as a result of the pandemic.Pension fund Equitix has added its voice to calls for ministers to help prop up the struggling cross-channel Eurostar service.The fund is one of the joint owners of HS1, the high-speed rail line linking London to the Channel Tunnel, which depends on the Eurostar for about a third of its revenues.The Times reported that Equitix had warned ministers that failing to prop up the service could put investors off Britain.Chief operating officer Siocirc;n Jones said: Supporting Eurostar is an issue for both the UK and French governments. HS1 is the UKrsquo gr stanley cup een gateway to Europe and Eurostarrsquo services contribute significantly to the reduction of carbon dioxide emissions.International investors are happy to take some risk; however, prolonged periods of no income will deter some from investing in the UK.As a result of the pandemic, passenger number on the Eur hydrojug traveler ostar have dropped about 95 per cent.Before the Open: Get the jump on the markets with our early morning newsletterRead moreBrits risk financial future as they fail to save for retirementThe company is currently operating a single train a day to both Paris and Brussels, leading it to plead with ministers for suppo |
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