Sir Keir Starmer will warn workers that decisions on pay will be shaped by the “tough decisions” needed to protect the economy. The Prime Minister will say his goal of a pro-worker, pro-business partnership will “turn the page” after years of industrial unrest under the Tories and “rewrite the rulesContinue Reading
Chancellor Rachel Reeves told MPs that she is “not immune” to concerns over plans to dramatically scale back the winter fuel allowance amid mounting calls, including within Labour ranks, for the Government to soften the policy. She told a meeting of the Parliamentary Labour Party: “I understand the decision thatContinue Reading
London’s top stock indexes rallied on Monday as UK multinationals were supported by the weaker pound. An improvement in trading sentiment in Asia helped drive a positive start to the session in London, which firmed up later after a positive Wall Street opening. It helped the FTSE to offset itsContinue Reading
Sir Keir Starmer’s Cabinet is united behind plans to dramatically scale back the winter fuel allowance, Downing Street has insisted amid mounting calls, including within Labour ranks, for the Government to soften the policy. Ministers are “agreed” on the importance of “fixing the foundations of the economy” by taking toughContinue Reading
Hostmore has said it has dropped plans to buy TGI Fridays in the US for £177 million, leading its shares to tank by more than 90%. The deal was set to see Hostmore, which runs 87 restaurants in the UK, merge with US-based TGI Fridays Inc, to create a largerContinue Reading
Over a million low-paid workers in the UK are set to receive a wage increase of about 6% next year, as the government pledges to raise the national living wage to £12.10 an hour. The Low Pay Commission, following Labour’s directive to ensure a “genuine living wage,” has outlined plansContinue Reading
Councils across England, Scotland and Wales have a collective hole in their finances amounting to more than £4 billion for the coming financial year, threatening fresh cuts to services, new research suggests. Unison said the shortfall was “way beyond” any previous estimates, warning that council funding was in a direContinue Reading
Unions are planning to work closely with the new Government to rebuild the country after 14 years of Tory “chaos”, according to the leader of the TUC. General secretary Paul Nowak will say on Monday that the trade union movement stands ready to help ministers deliver for workers. In aContinue Reading
The UK’s services sector has benefited from a later summer tourism boost, but the jobs market faced its worst month in more than a decade, according to new analysis. Businesses across sectors from hospitality and to financial services and real estate have enjoyed greater levels of spending since the generalContinue Reading
The Government’s plans to strengthen workers’ rights has won fresh support from managers as a union leader highlighted the positive benefits of halting a “race to the bottom” in the world of work. The Chartered Management Institute (CMI) said there was nothing in Labour’s proposals that should alarm a responsible employer.Continue Reading
