The UK economy has received a hefty upgrade from the International Monetary Fund (IMF), a welcome boost for the Chancellor ahead of her first Budget. Economists at the international fiscal watchdog now expect the UK to grow 1.1 per cent in 2024, up from a previous forecast of 0.7 per cent. Among rich economies only Spain received … Continued
An enormous £1billion expansion of an Essex port is on the way in the next five years to boost “volume and resilience” of trade. DP World will increase capacity of London Gateway’s port near Corringham in Thurrock by building two new shipping berths, taking the total to six berths able to receive the world’s largest … Continued
Salary remains the number one reason employees will stay with a company or leave. Nearly two thirds (62.3%) of UK workers said money was the most decisive factor when choosing a company – far beyond the appeal of perks including job security (48%) and an interesting working environment (31%). Furthermore, nearly half (46%) said long-term … Continued
Private medical insurance (PMI) has been found to be the most important perk that employees look for in their benefits package, according to research by benefits technology provider Zest. Its survey of 2,000 adults and 500 HR decision makers also found that one-third (33%) of employee respondents ranked PMI as their most wanted employee benefit. Demand for … Continued
The UK has risen in the rankings of a group of wealthy nations to have the joint-second highest economic growth for this year, a think tank has predicted. The economy is now expected to grow by 1.1%, the same rate as Canada and France, but behind the US. The Organisation for Economic Co-operation and Development’s … Continued
The UK is set to continue its specialisation as a producer of financial, digital and business services, according to new research. Santander UK has published a report with Public First on views of the UK as a trading partner, providing a detailed analysis of key growth markets and options for a future export approach. A … Continued
AWS, Amazon’s cloud computing arm, plans to invest £8 billion over the next five years in building, operating, and maintaining data centres across the UK. This substantial commitment is aimed at bolstering the UK’s digital infrastructure, supporting over 14,000 full-time equivalent jobs each year within the AWS data centre supply chain, which includes roles in … Continued
The Recruitment and Employment Confederation (REC) has launched a ‘Voice of the Worker’ campaign to ‘champion and protect’ the UK’s temporary workforce. The UK’s temporary labour market works well for people, firms and the modern economy – with about a million temps working every day. Its success, said the REC, at bringing and retaining people … Continued
JP Morgan has revised its growth forecasts for the UK economy in the third quarter of this year, following last week’s encouraging GDP figures. The investment bank now projects 0.4 per cent growth from July to September, a slight increase from an earlier forecast of 0.3 per cent, resulting in an annualised rate of approximately 1.5 per … Continued
In a recent study conducted by Journo Research in collaboration with global fintech group Plus500, Mid Suffolk has been named the hardest-working area in the UK. The research analysed data from the Office for National Statistics, focusing on the average paid weekly working hours across all local authorities in the country. Mid Suffolk, home to … Continued