More than 17,000 shops are at risk of closure over the next decade unless the Labour government overhauls the business rates regime, the boss of Sainsbury’s and the general secretary of the biggest retail union have warned. In an article for The Times, Simon Roberts, the chief executive of Sainsbury’s, and Paddy Lillis, the general…
The Unite union has sounded the alarm over hundreds of possible job losses from Carlsberg’s bid to acquire Britvic for £3.3 billion. The union has demanded urgent talks with the Danish brewer to address concerns about its plan to cut about 1 per cent of jobs in the combined group if the merger is approved…
Wage growth eased last month and demand for workers steadied, potentially clearing a path for further interest rate cuts by the Bank of England. According to research by KPMG and the Recruitment and Employment Confederation, the pace of salary growth for both permanent and part-time staff receded in July. The permanent staff salary index fell…
This year more than two million people tried to get a ticket to the Glastonbury music festival. About 200,000 were successful. Such friction between supply and demand means that disappointment is inevitable for most. The supply of Glastonbury tickets is “inelastic”, or, in normal terms, it does not increase quickly in response to a jump…
London’s stock market gave up early gains after a rebound in Asia following yesterday’s global sell-off faded. The FTSE 100 started the day around 40 points higher but before midday was trading up 3 points, or 0.04 per cent, at 8,011.23. The more UK-focused FTSE 250 gained 70 points, or 0.36 per cent, at 20,310.47….