Tie-up is a ‘terrible deal for Britain’ that also poses risks for national security, Unite claims
Mobile phone bills could rise by as much as £300 a year as a result of the merger of the UK operations of Vodafone and the owner of Three, a trade union has said.
Unite has been a vocal critic of the proposed deal, which would create the UK’s largest mobile operator, and said that it is a “terrible” deal that also poses risks for national security.
Continue reading...Study shows widespread concern over quality of managers, with 82% of bosses deemed ‘accidental’, having had no formal training
Almost one-third of UK workers say they’ve quit a job because of a negative workplace culture, according to a new survey that underlines the risks of managers failing to rein in toxic behaviour.
Research carried out by the Chartered Management Institute (CMI) pointed to widespread concern about the quality of management, and its impact on workers’ daily lives.
Continue reading...The Midway Market & Liquor in Frazier Park will get a cut for selling the winning ticket of the second-largest Powerball drawing ever
Janea Herrera, a clerk at a southern California convenience store, first thought it was a joke when she was told that a winning lottery ticket was sold at the store. And it wasn’t just any ticket. It was the winning ticket for the $1.765bn Powerball, which someone had bought at the Midway Market & Liquor in Frazier Park, a small town north of Los Angeles.
“After 30 years of selling those tickets, we need a winner. I’m just happy for my customers,” Nidal Khalil, the store’s co-owner told the LA Times on Thursday. Khalil, 54, co-owns the shop with his brother and said they received congratulatory calls from across the state as well as from Syria, where they are from.
Continue reading...Animals and plants feature heavily in coinage that allows ‘everyone to celebrate British nature’
A new collection of coins bearing the face of the king has been unveiled by the Royal Mint, breaking tradition with designs inspired by plants and animals found across the four nations.
The eight designs, overseen by King Charles, depict the flora and fauna found in different parts of the UK and reflect his interest in conservation and nature.
Continue reading...High mortgage costs result in sixth straight month of sellers being forced to reduce prices, says Halifax
UK house prices fell at the fastest annual rate in 14 years in September, as high mortgage costs fuelled a sixth consecutive monthly drop in a “buyer’s market”, according to Halifax.
Halifax, Britain’s biggest mortgage lender, said prices fell by 4.7% in September, the biggest year-on-year decrease since 2009.
Continue reading...Average rental property receives three times more enquiries from prospective tenants than in 2019
Private home rents in Great Britain have increased to their highest point on record after shortages in supply and mortgage rate rises combined to push the cost up by 10% over the past 12 months.
The average rent for new properties being put on the market now stands at a record £1,278 per calendar month outside London in the July to September period, according to Rightmove.
Continue reading...Unison says decision affects other types of employee payments and is ‘victory for underpaid workers’
Many UK workers could be entitled to thousands of pounds “unfairly” deducted from their pay after a supreme court decision, according to unions.
The judgment relates to a long-running row about holiday pay but Unison, which participated in the case, said the ruling affected all other types of payment to employees and called it a “victory for underpaid workers”.
Continue reading...Rate tops level last seen after Liz Truss mini-budget as fears of global inflation and US political instability spook markets
Britain’s long-term cost of borrowing has hit its highest level since 1998, as political instability in the US and fears of sustained high levels of inflation triggered a sell-off in global bond markets.
The yield, or interest rate, on 30-year UK government bonds hit 5.115% early on Wednesday, according to the financial data provider Refinitiv.
Continue reading...Diesel up by more than 8p to 163p in September and petrol by 4.5p to 152p amid global oil production cuts
The price of diesel in the UK has shot up at one of its fastest rates in more than 20 years – while retailers have been accused of charging “unjustifiably” high petrol prices.
Diesel prices rose by more than 8p a litre to 163p in September, the fifth biggest monthly rise since 2000, and on top of another 8p rise the previous month, the RAC said. Petrol prices rose by 4.5p a litre to 152p, the fourth consecutive monthly increase.
Continue reading...Number of house sales also fell in August compared with a year earlier, says HMRC
UK mortgage approvals fell in August to their lowest level in six months, as high interest rates cooled the housing market.
The Bank of England said net mortgage approvals for house purchases fell from 49,500 in July to 45,400 in August and were down by a third from the same month last year.
Continue reading...Exclusive: Potential plan to restrict measures such as 20mph speed limits and levying fines from traffic cameras alarms travel groups
The government is to limit measures councils can take to curb car traffic including 20mph speed restrictions and bus lanes, the Guardian understands, under plans that have alarmed travel groups and risks a row with local authorities.
In another sign Rishi Sunak hopes to gain support by prioritising the needs of motorists, other plans expected to be announced next week include limits on local authorities’ abilities to levy fines from traffic cameras and restrictions on enforcing box junction infringements.
Continue reading...Lender says homes needing renovation are most in demand as people seek cheaper properties
The number of first-time buyers in the UK has fallen by more than a fifth, while homes in need of renovation are most in demand as buyers look for cheaper properties, in the latest evidence that people are struggling with higher mortgage costs.
There were 22% fewer first-time buyers between January and August compared with the same period last year, according to the mortgage lender Halifax. They still accounted for more than half (53%) of all home loans agreed in the first eight months of this year, similar to a year earlier (52%).
Continue reading...Thinktank carried out analysis as calls mount among Tory MPs for the tax to be abolished
Scrapping inheritance tax would cost the government almost £15bn a year in lost revenue by 2032, according to analysis by the Institute for Fiscal Studies that follows calls from Tory MPs for the main tax on inherited wealth to be abolished.
The thinktank said the latest figures from HMRC showed fewer than 4% of estates paid inheritance tax (IHT) in 2020–21, but the rapid growth in wealth among older individuals meant this number was set to rise to more than 7% over the next decade.
Continue reading...Fewer than half of companies meeting their targets on leaks, says the regulator, Ofwat
Water companies in England and Wales have been ordered to return £114m to customers through lower bills next year because progress on leakage and sewage spills has been “too slow”.
In its annual water company performance report, the regulator, Ofwat, said the majority of water and wastewater companies were underperforming on targets set for 2020-25 to deliver better outcomes, for customers and the environment.
Continue reading...Firms preparing for difficult year as ‘potent cocktail’ of difficulties takes hold, says industry lobby group
UK manufacturers are cutting their recruitment plans after being hit by a slowdown in orders as a downturn looms, a new survey shows.
Britain’s manufacturers are “battening down the hatches” amid a sharp drop in activity, according to the latest quarterly data from Make UK, which represents manufacturers, and the business advisory firm BDO.
Continue reading...More than 36% of properties have had asking price cut at least once — the highest figure since 2011
UK house sellers are cutting their asking prices at the fastest rate in more than a decade, after high interest rates dampened demand for property this summer.
The proportion of homes on the market which have had at least one price reduction is at its highest level since January 2011, the property website Rightmove has reported.
Continue reading...Households could save £400 a year on energy bills via means-tested insulation scheme
Households could save up to £400 a year on energy bills under a new means-tested scheme to insulate more than 300,000 of Great Britain’s draughtiest homes.
The government is spending £1bn on grants for homes that have low energy efficiency ratings and are in lower council tax bands.
Continue reading...Jump in borrowers unable to make payments with landlords particularly hit and ‘worse to come’
Mortgage arrears jumped by 13% in the second quarter of the year to the highest level since 2016, according to Bank of England figures that underscore the stress in the UK mortgage market.
Rising interest rates and unemployment over recent months have put pressure on household disposable incomes, forcing some families to cut or suspend their monthly mortgage payments.
Continue reading...Two-fifths of UK adults disconnected for three hours or more with one in four left without service for nearly a week
The number of Britons who have experienced their internet connection failing for at least three hours has almost doubled in the last year, with irate consumers now ranking broadband outages as a bigger frustration than roadworks or public transport delays.
In the past year, two-fifths (41%) of all UK adults – 22 million consumers – have had their internet disconnected for three or more hours, a significant increase on the 12 million who reported disruption the previous year, according to a report by the price comparison website Uswitch.
Continue reading...UK losing belief that hard work brings better life, and fewer millennials now think work always comes first, survey indicates
In the great “live to work or work to live” debate, Britons have traditionally been seen to fall into the first group. But research appears to turn that reputation on its head.
According to a study of 24 countries, Britons are less likely than people from elsewhere to place importance on work. Increasingly, they also no longer believe that hard work brings a better life.
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