Pay growth at lowest rate in more than five years
Annual earnings grew at an annual rate of 3.8% in the November to January period, the Office for National Statistics says.
Business News
Latest global business news, financial market updates, corporate developments, economic trends, startups, investments, trade, and industry insights from trusted international sources.
More Categories
Business Topics
Related Articles
- Pay growth at lowest rate in more than five years
- UK sets target to boost steel making and cut imports
- Computer says no. Are AI interviews making it harder to get a job?
- Car Park Firm NCP Collapses, Nearly 700 Jobs at Risk
- PM Says UK Collaborating with Allies to Reopen Strait of Hormuz
- Iran Targets Key UAE Oil Port and Dubai Airport
- Alcohol-Free Beer and Pet Grooming: New Measures of Inflation
- Firms to Receive Payments for Hiring Unemployed Youth
- Ukraine's Urgent Fight on the Financial Frontline
- PM to Unveil Support Plan for Rising Heating Oil Costs
- Miliband: We Will Intervene on Energy Bills If Necessary
- Trump Urges UK and Other Nations to Send Ships to Strait of Hormuz
- Chancellor to Offer Support Over Rising Heating Oil Costs
- Miliband: Oil Price Profiteering Will Not Be Tolerated
- PwC Says Young Recruits Are 'Hungry' for Careers
UK sets target to boost steel making and cut imports
Up to half of steel used in Britain should be made there, the government says, as it announces its steel strategy.
Computer says no. Are AI interviews making it harder to get a job?
Bhuvana Chilukuri has sent more than 100 job applications and is convinced very few have been seen by a human.
Car Park Firm NCP Collapses, Nearly 700 Jobs at Risk
NCP, a major car park operator, has announced its collapse, putting nearly 700 jobs at risk. The company cites a failure to recover parking demand to pre-Covid levels as a key factor in its decision.
PM Says UK Collaborating with Allies to Reopen Strait of Hormuz
The UK government is actively collaborating with international allies to develop a strategy for reopening the Strait of Hormuz. This initiative follows President Trump's request for countries to send warships to safeguard this crucial shipping route.
Iran Targets Key UAE Oil Port and Dubai Airport
Iran has targeted the port of Fujairah, a vital hub for global oil supplies, and Dubai airport. This escalation highlights the strategic importance of these locations in maintaining oil flow, especially when the Strait of Hormuz is blocked.
Alcohol-Free Beer and Pet Grooming: New Measures of Inflation
Alcohol-free beer and pet grooming services are now part of the basket used to measure inflation. This addition reflects changing consumer preferences and the rising cost of living.
Firms to Receive Payments for Hiring Unemployed Youth
New proposals aim to address youth unemployment by offering firms £3,000 for each young person they hire. This initiative targets individuals aged 18-24 and seeks to boost job opportunities for the unemployed.
Ukraine's Urgent Fight on the Financial Frontline
Ukraine is actively seeking essential financial support from the IMF and EU to stabilize its economy. The country is also implementing tax increases as part of its strategy to secure funding during these challenging times.
PM to Unveil Support Plan for Rising Heating Oil Costs
Households have been significantly affected by the increase in heating oil costs linked to the ongoing US-Israeli conflict with Iran. The Prime Minister is expected to outline a support plan to assist those impacted.
Miliband: We Will Intervene on Energy Bills If Necessary
Ed Miliband has indicated that the government may intervene on energy bills if necessary, as oil and gas prices rise due to the US-Israel conflict in Iran. This comes amid growing concerns over the cost of living.
Trump Urges UK and Other Nations to Send Ships to Strait of Hormuz
Former President Trump has called on the UK and other nations, including China, France, Japan, and South Korea, to deploy ships to the Strait of Hormuz. This request aims to bolster security for the crucial oil shipping lane.
Chancellor to Offer Support Over Rising Heating Oil Costs
Chancellor Rachel Reeves has announced that the Treasury is considering various options to assist households struggling with increasing energy bills. This initiative aims to support the most vulnerable families affected by the surge in heating oil costs.
Miliband: Oil Price Profiteering Will Not Be Tolerated
Ed Miliband has stated that the competition watchdog is prepared to intervene if companies exploit the recent oil price shock to unfairly charge customers. He emphasizes that such profiteering will not be tolerated.
PwC Says Young Recruits Are 'Hungry' for Careers
PwC's UK head, Marco Amitrano, emphasizes the strong desire among young recruits for career opportunities. Despite reducing graduate intake last year, the firm plans to hire more graduates, reinforcing the value of a degree.