Royal Mail has announced plans to make up to 6,000 people redundant by August 2023, blaming ongoing strike action and rising losses at the business. The postal company said it had begun notifying workers of its plan, which aims to reduce its overall headcount by a total of 10,000..
Uprating benefits in line with earnings next year could save £3 billion. This would set the typical incomes of the poorest fifth of working-age families back to levels not seen since 2000-01, according to new analysis published (Thursday 13 October 2022) by the Resolution Foundation.
The Insolvency Service is seeking information from postmasters who believe they may have been made bankrupt due to the Horizon IT system. Information for former bankrupts Historical Shortfall Scheme The Insolvency Service has been working closely with the Post Office in relation to the complex claims submitted by former bankrupts to the Historical Shortfall Scheme.
Don't Panic Don't Panic - well its maybe too late. The Guardian story today about Kwasi Kwarteng rushing back to UK sounds that the panic is well and truly underway.
A tight labour market has seen pay growth strengthen and unemployment fall to a near-50-year-low. But the workforce continues to shrink, driven by economic inactivity due to long-term ill-health rising to a record 2.49 million, highlighting the dilemma facing policy makers, the Resolution Foundation said on Tuesday (11 October 2022) in response to the latest ONS labour market statistics.
Now interest rates are rising, the interaction of quantitative easing (QE) with the Bank of England's current methods for implementing monetary policy will add to strains on the public finances. The crux is that QE creates money that goes onto banks' balances (reserves) at the Bank of England, and those reserves are being fully remunerated at the central bank's policy rate (known as Bank Rate).
The Secretary of State for Work and Pensions outlined plans to boost the labour market in a bid to kickstart economic growth. During her first keynote speech, the Secretary of State for Work and Pensions (Thursday 13 October) implored businesses to play a greater role in tackling inactivity in return for government action on vacancies, in a bid to kickstart economic growth.
Liz Truss, the new UK prime minister, isn't a fan of solar farms. In 2014, when she was environment secretary, she described rows of panels arranged in a field to capture energy from the sun as a "blight on the landscape".
The Pound has rallied to its highest level in over a month against the Euro while recovering to its highest level in a week against the Dollar, amidst reports the UK government was set to reverse some, or all, of its mini-budget. When asked by a reporter in Washington if the government was about to u-turn, Chancellor Kwasi Kwarteng said "let's see".
The UK economy faces a series of challenging headwinds - high inflation, higher energy prices and a 'terms of trade' shock. These are squeezing household budgets and pushing up the cost of living.
On Monday, 17th of October, Tom Arthur, MSP, Minister for Public Finance, Planning and Community Wealth, will attend an Inverness 2035 roundtable. The meeting, to be held at Inverness Town House, will focus on discussions about the benefits of partnership working between the private sector, businesses, the public sector, residents and politicians for the betterment of Inverness and its people.
Chancellor Kwasi Kwarteng has given his clearest indication yet that he's preparing to make another U-turn on his mini-budget, endorsed by the Prime Minister Liz Truss. In a series of interviews he refused to rule out ditching the corporation tax cut on which Liz Truss staked her campaign for the premiership.
A £10m extension has been completed at UKAEA's world-leading Materials Research Facility. The UK Atomic Energy Authority (UKAEA) has completed a £10m extension of its world-leading Materials Research Facility (MRF) at Culham Science Centre in Oxfordshire.
Huawei technology must be removed from the UK's 5G public networks by the end of 2027 under legal documents handed to broadband and mobile operators today. The document - called a designated vendor direction - has been sent to 35 UK telecoms network operators.
HIE has published the findings of its My Life in the Highlands and Islands survey, carried out by IPSOS at the start of the year. More than 5,300 people over the age of 16 living in 4,442 households across the region responded to the study.
London may be the country's banking hub, yet there are 15 places across the UK and several unexpectedly finance-friendly towns that offer surprisingly good career prospects. A new study found that Edinburgh, Birmingham and Manchester offer the next best opportunities for a career in finance after London.
Glasgow centre is aimed at transforming support for women in custody. A new community custodial unit is set to open in Glasgow, which will change the way women in the justice system are supported in their reintegration back to communities.
E-bikes and e-scooters are an increasingly popular way to travel. But if you have one, you may not be aware of the risks that some e-bike chargers pose.
The results from the latest Scottish Health and Care Experience (HACE) Survey from Public Health Scotland show large percentages of positive feedback from people in the NHS Highland board area about their experiences at their GP Practices. The survey was sent to a random sample of the public and covered a number of areas in health and care experience, including treatment and advice from GP Practices, COVID-19 and Out of Hours healthcare.
UNISON, the largest union in the NHS, is reporting that there has been no significantly improved pay offer - despite government talks. The union has sent a communication to it's members today that the dispute over pay continues.
