Britain’s biggest grocer Tesco has agreed to increase its workers’ wages by 7%, marking their third pay rise in just 10 months.
From April, staff will be paid £11.02 an hour outside London, up from £10.30, with more than 200,000 set to benefit.
As in other industries, supermarket staff have been pushing for higher pay as the cost of living rises at its fastest rate in almost four decades.
The shift to electric cars has continued with combined battery-electric, plug-in hybrid and hybrid electric vehicle production in January rising by almost 50 per cent compared with a year ago.
The latest figures from the Society of Motor Manufacturers and Traders show that the total number of electric or hybrid vehicles produced was 28,329, representing more than four in every ten cars made in January,
Interest rates will need to rise again to prevent inflation becoming a persistent problem in the UK, a Bank of England policymaker has warned.
A shortage of workers and high wage demands were likely to continue pushing up inflation, acting as a counterweight to falling energy prices, said Catherine Mann, a member of the Bank’s monetary policy committee (MPC),
Buy-now pay-later giant Klarna will begin penalising customers for late payments in the UK next month in a bid to curb loan defaults, as shoppers pour onto the platform amid a cost of living squeeze.
The Swedish bank and payments firm, which has been on a major cost cutting and profitability push in the past 12 months,
Another brighter than expected set of economic numbers out today indicate the UK has a chance of avoiding a much-tipped recession this year.
Consumer confidence climbed faster than forecast to minus 38 points this month, up seven points from minus 45 points in January, according to research firm Growth for Knowledge’s index which has been running since the 1970s.
The UK’s largest retailers are urging the government to scrap its waste strategy policy, or risk forcing prices up for consumers who are already facing a cost of living crisis.
A draft letter obtained by Sky News, which it is understood will be sent to government officials next week, outlines industry concerns about the costs associated with new packaging and bottle recycling measures.
A firm that fixes smartphones is calling for an official device repair apprenticeship to be introduced.
In 2022 there were almost 72 million mobile phone connections in use in the UK.
But repair firm TMT First, which introduced its own apprenticeship after struggling to find staff, points out there is no industry training standard.
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