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News Archive
24/11/2022
Retailers May See More Red After Black Friday As Consumers Say They Plan To Pull Back On Spending - Acting As If The US Were Already In A Recession
The following article is based on American facts and figures but it is easy to see the close parallels to the UK conditions. Retailers are gearing up for another blockbuster holiday shopping season, but consumers burned by the highest inflation in a generation may have other ideas.
24/11/2022
Staff At 19 UK Universities Strike On Several Days Over Pay - 24 November First Day
Staff employed by 19 higher education institutions have commenced strike action over pay this week, starting with Glasgow Caledonian University, where employees began striking yesterday (21 November) and have continued today. Administrators, cleaners, library, security and catering workers, some of the lowest paid in the university sector, are among those taking part.24/11/2022
Are Your Wages Keeping Up With Inflation? - A Calculator
The Office for National Statistics has produced a very easy to use calculator to check how your wages stand against inflation. Inflation, the rate at which the price of goods and services rises year-on-year, has been rising rapidly since late 2021.24/11/2022
UK Fintech Atoa Secures $2.2m Pre-seed Round As It Kills Visa And Mastercard Fees For Businesses
There are more than 4 million small businesses in the UK which have no viable alternative to debit card payments and are reliant on Mastercard or Visa payment rails. Challenging this status quo, UK fintech Atoa Payments is announcing a $2.2M pre-seed funding round to reduce by 70% the payment fees and offer a new approach to making payments.
24/11/2022
Why UK Universities Are Going On Strike
Universities in the UK are striking on 24, 25 and 30 November 2022, with action short of a strike beginning on 23 November. Around 70,000 university staff across 150 universities are taking industrial action, following a series of smaller strikes in recent years.24/11/2022
How Made.com Went From A Pandemic-era Business Superstar To A Failed Company In Just 18 Months
Formed in 2011, Made.com offered affordable high-end furniture online with the ambition to one day rival Swedish furniture giant Ikea. Fast forward 11 years and the British brand, which excelled during the pandemic and was valued last year at £775 million, has collapsed.
24/11/2022
More Than 1 In 4 Scottish Employers Have Seen An Increase In Staff Sickness
Workplace expert, Acas, commissioned YouGov to ask employers in September if they had seen any changes to the number of employees being off sick compared to 12 months ago. The poll found that for Scotland: 29% of employers had seen an increase in sickness absence 12% had seen a decrease.24/11/2022
Pay Growth Gap Adds To Staffing Crisis In The Public Sector
Greg Thwaits writing for the Resolution Foundation highlights vacancies and pay issues cross the private and public sectors. Today's labour market data show real pay falling fast in the private sector, and even faster in the public sector.
24/11/2022
KFC, BURGER KING, PIZZA HUT AND WAGAMAMA DELIVERY WORKERS VOTE TO STRIKE
Shareholders are trousering large dividends while those who do the graft are struggling, says GMB Union Almost 400 workers delivering food to KFC, Burger King, Pizza Hut and Wagamama will strike over a real terms pay cut. A majority of 76 per cent of those who voted were in favour of industrial action.23/11/2022
UK Ban On Russian Oil And Oil Products May Affect Prices Again
An EU ban will come into force for Russian crude oil on 5 December 2022 and for Russian petroleum products on 5 February 2023. The guidance only explains the effect of the 14th Russia Sanctions Regulations.23/11/2022
Improvements Needed To The Credit Information Market To Deliver Better Lending Decisions For Borrowers
The Financial Conduct Authority (FCA) has set out proposals to improve the credit information sector so it can deliver higher quality and more comprehensive information for consumers and firms. Credit reference agencies (CRAs) build financial profiles of consumers which they sell to credit information users to inform lending and other decisions.23/11/2022
The Move By Readers Online Forces Five Highland Newspapers To Cease Print Publication
Five Scottish newspapers will no longer be published in print as readers switch to digital alternatives. Print versions of the Highland News, North Star, Turriff Advertiser, Inverurie Advertiser and Ellon Advertiser will cease from the end of 2022.23/11/2022
Eden Court Theatre In Inverness To Cut 10 Percent Of Staff
Eden Court will cut 10 percent of its staff due to inflation pressures and lower ticket sales in recent months. Eden Court in Inverness employs 143 people and has theatre space, cinemas and a cafe.23/11/2022
Up To £600 For Pensioners Arrive In Bank Accounts From Today
Government is stepping in to provide pensioners with £300 per household, which comes on top of regular Winter Fuel Payments. From today, over 11.6 million pensioners will start to receive up to £600 to help with their energy bills this winter, as prices are pushed up by Putin's illegal war in Ukraine.23/11/2022
Teacher Strikes Go Ahead In Scotland After 6.85% Pay Offer Rejected
Industrial action by the Educational Institute of Scotland (EIS) and the Association of Head Teachers and Deputes Scotland (AHDS) over pay will see almost all primary and secondary schools close on 24 November. Talks to avert the strikes failed to come up with an improved pay deal.23/11/2022
Number Of Businesses In Scotland 2022
Information on the number of businesses (also known as enterprises) operating in Scotland. This publication provides an estimate of the number of businesses operating in Scotland.
23/11/2022
Train Strikes Ramped Up Towards Christmas And New Year
The RMT union has announced strike dates. Industrial action will be held across four 48-hour periods on 13-14 and 16-17 December, and 3-4 and 6-7 January.23/11/2022
Supreme Court Rules Scottish Government Does not Have The Right To Hold An Independence Referendum
Today 23 November 2022. Judges of the supreme court were unanimous in the decision that the Scottish Government has no powers to legislate for a referendum and that the power lies with the UK government.
23/11/2022
Nicola Sturgeon Tweets On Supreme Court Ruling
Nicola Sturgeon @NicolaSturgeon · 19m 1/ While disappointed by it I respect ruling of @UKSupremeCourt - it doesn't make law, only interprets it. A law that doesn't allow Scotland to choose our own future without Westminster consent exposes as myth any notion of the UK as a voluntary partnership & makes case for Indy.23/11/2022
OBR Predict Fall In House Prices In 2023
Economist Tejvan Pettinger looks at the probable fall in UK housing prices following the Office for Budget Responsibility's forecasts. Last Thursday the OBR published a detailed forecast for the UK economy.
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