News Archive
17/4/2024
Producer Price Inflation, UK - March 2024, Including Services, January To March 2024
Changes in the prices of goods bought and sold by UK manufacturers including price indices of materials and fuels purchased (input prices) and factory gate prices (output prices). Also including quarterly estimates monitoring the changes in prices charged for services provided to UK-based customers for a range of industries.
17/4/2024
New Protections To Enable Consumers To Benefit From Cheaper Energy Deals
New proposals to give consumers confidence to take up smart devices. Consultation part of wider action to modernise the energy system, proposals will reduce pressure on the electricity grid, support up to 24,000 jobs and save up to £50 billion new measures to help consumers benefit from the best energy deals via a smart, flexible electricity system to save money on bills strengthened protections will mean consumers can be confident their data will be handled securely and that they can access the best deals using any device.
17/4/2024
Consumer Price Inflation, UK - March 2024 - 3.2% Down From 3.4% In February
The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 3.8% in the 12 months to March 2024, unchanged from February. On a monthly basis, CPIH rose by 0.6% in March 2024, compared with a rise of 0.7% in March 2023.
17/4/2024
Cop28 Net-zero Exports Close To £70 Million
Companies which took part in the Scottish Government's first ever business delegation at COP28 say they expect to generate an estimated £66.74 million in net zero export sales over the next three years according to a new report published today. A total of 19 net zero focussed Scottish companies attended the programme of business activities at the global climate summit in Dubai last year, supported by the First Minister Humza Yousaf and the Cabinet Secretary for Wellbeing Economy and Net Zero Màiri McAllan.17/4/2024
Cairngorm Funicular Remedial Works Progressing
A programme of remedial works to bring Scotland's only funicular railway back into service at Cairngorm Mountain is entering a new phase during week beginning Monday 15 April. With the snowsports season now over, multiple teams from contractor Balfour Beatty, appointed by Cairngorm Estate owner Highlands and Islands Enterprise (HIE), are set to be deployed on the mountainside.
17/4/2024
The Swazi Secrets Investigation - Another Tale Of Corruption Uncovered
Swazi Secrets exposes the role the tiny kingdom of Eswatini, the last absolute monarchy in Africa, may have played in the regional illicit economy. The story revealed by the International Consortium of Investigative Journalists looks at what has happened in a tiny land-locked country.
17/4/2024
Mexico Topples China As Top US Exporter - But Would Trump 2.0 Reverse Mexico's Gains?
Mexico overtook China to become the world's largest exporter of goods to the USA in 2023. Trade between Britain and Mexico also increased by 22% but a second Trump presidency could impose new barriers.17/4/2024
UK No Longer An Outlier On Inflation As It Falls Below The US Rate For First Time In Two Years
CPI inflation fell to 3.2 per cent in March - falling below the US inflation rate (CPI for All Urban Consumers) of 3.5 per cent for the first time since March 2022 (but still above the Eurozone rate of 2.4 per cent). This brings to an end to the UK's unwanted status as an outlier on inflation, the Resolution Foundation said today (Wednesday 17 April 2024) in response to the latest ONS data.17/4/2024
Britain's Jobs Recovery Falls Further Off Course As Employment Falls, And Inactivity Rises
The UK's post-pandemic jobs recovery has fallen further off course, as employment and payrolled jobs both fell, while working-age economic inactivity reached its highest level since 2015, the Resolution Foundation said in response to the latest ONS labour market statistics ONS labour market statistics. The UK is currently the only G7 economy yet to return to its pre-pandemic employment rate (of 76.2 per cent), and the latest data showed further signs of a struggling jobs market.17/4/2024
Dounreay Nuclear Workers Vote To Strike
Members of GMB Scotland overwhelmingly backed industrial action including strikes, working to rule, and an overtime ban after a pay offer was rejected. A strike ballot with 85% turnout revealed a crushing majority of GMB members backed industrial action after more than a year of talks with management at the Caithness site failed to find agreement.
17/4/2024
Scottishpower To Pay £1.5m For Overcharging Customers
ScottishPower Energy Retail Ltd will pay £1.5 million in refunds and compensation after it charged customers above the price cap during the height of the energy crisis. Ofgem agreed the redress package after the supplier confirmed that between 2015 and 2023, it mistakenly overcharged 1,699 direct debit customers a higher rate, which should only apply to those who pay by standard credit (on receipt of bill).16/4/2024
Labour Market In The Regions Of The UK - April 2024
Labour Force Survey (LFS) estimates have been reweighted for periods from July to September 2022; headline UK seasonally adjusted series before this have been modelled, but other series, including regional, have a discontinuity at this point and because of increased volatility of LFS estimates, estimates of quarterly change should be treated with additional caution. The highest employment rate estimate in the UK was in the South East (78.3%) and the lowest was in Wales (69.1%), for the three months ending February 2024.16/4/2024
Apprenticeships Offer Earning Opportunities Alongside Learning In Refurbishment Of Historic Park
Today, Morrison Construction introduced some of their local apprentices who are working on the UK Governments' Levelling Up Funded refurbishment project at the Northern Meeting Park in Inverness. All these apprentices have been recruited from the Highland area.
16/4/2024
Fair Work Levers for Hospitality
The Fair Work Convention published a couple of reports this week, one looking at Fair Work levers (authored by fellow Strathclyders at the Scottish Centre for Employment Research) and the view of those in the industry on how these could/should be used. The report highlights key challenges in the hospitality industry: rising costs, housing and transport availability, retention issues, uneven service demands, and visa restrictions.16/4/2024
Council Tax Frozen Across Scotland As Services Shrink
A council tax freeze will be delivered in all of Scotland's local authorities after Argyll & Bute became the final council to accept Scottish Government funding to keep rates at last year’s levels. As a result, council taxpayers in all but one of Scotland’s council areas will not pay any more for their bills than they did in 2023-24.16/4/2024
King Charles III banknotes to enter circulation on 5 June 2024
Banknotes carrying a portrait of King Charles III will be issued for the first time on 5 June 2024. The portrait of the King will appear on existing designs of all four banknotes (£5, £10, £20 and £50), with no other changes to the existing designs.
16/4/2024
Average Weekly Earnings In Great Britain - April 2024
The following information is for the period from December 2023 to February 2024. Annual growth in regular earnings (excluding bonuses) was 6.0%, and annual growth in employees' average total earnings (including bonuses) was 5.6%.
16/4/2024
MPs To Vote On Landmark Bill To Create Smokefree Generation
MPs to vote on legislation to create first smoke-free generation, protecting young people turning 15 this year or younger from harms of smoking. MPs will vote today (16th April 2024) on world-leading legislation to protect future generations across the UK from the harmful effects of smoking.
16/4/2024
Additional Costs Of Disability
The Scottish Parliamentary Information Centre (SPICe) published a blog co-authored by Fraser of AIlander's Chirsty McFadyen and Laura Robertson from the Poverty Alliance on the additional costs of disability. This follows on from a piece of work carried out for the Economy and Fair Work committee that looked at evidence of additional expenditure from survey data and interviews with disabled people.
16/4/2024
