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The UK’s impending recession could be twice as bad as previously thought, according to leading economic forecasters at the business consultancy EY. Reduced government support, higher taxes and an overall worsening outlook have all led the firm’s analysts to conclude that the next three years could be worse than they …

British letter and parcel carrier Royal Mail has told to stop blaming the Covid pandemic for late deliveries after missing performance targets. An investigation by industry regulator Ofcom found that just 82% of first class mail was delivered within one working day in the year to March 31, well below …

UK farmers are receiving negligible profits for many items as food prices rise and supermarkets boast record takings. An average block of cheese or loaf of bread produces less than a penny for farmers, and fruit producers do not fare much better, making just 3p from each kilo of apples. …

The Glazer family has announced it is “commencing a process to explore strategic alternatives” for Manchester United, potentially bringing an end to its 17-year ownership of the club. On the day it was also confirmed that Cristiano Ronaldo had left Old Trafford by mutual consent, a statement from United on …

Royal Mail workers are to extend industrial action to include Christmas Eve, it emerged on Friday, the latest salvo in a long-running dispute over jobs, condition and pay. Members of the Communication Workers Union at the postal company, who are already due to strike for four days around Black Friday …

Royal Mail owner International Distributions Systems swung to a half-year loss, blaming weak parcel volumes and strikes at the UK postal carrier, and also axed its interim dividend. Reported pre-tax losses came in at £127m, compared with a profit of £315m a year earlier. The company also said it would …

The Chancellor will most likely not include business rates relief in his autumn statement this week. Insiders in the government have signalled that Jeremy Hunt will not give into calls to delay the uprating of business rates nor to extend relief from the tax. They are set to rise in …

Planned strikes by staff at Royal Mail over the next two weeks have been abandoned following a challenge by the firm. The Communication Workers Union, which represents much of Royal Mail’s staff, said on Monday that it had chosen to withdraw industrial action notices over the next two weeks on …

Royal Mail rushed forward the monthly payment into its pension scheme to help prevent a cash crunch, The Telegraph can reveal, … Source link

Employees at Royal Mail will hold 19 days of strike action over both pay and terms and conditions during the peak build-up to Christmas time. Source link