Tag Archives: Inflation

The Bank of England (BoE) has raised interest rates by 25 basis points to 5.25 percent, the 14th consecutive rise since December 2021. The BoE’s announcement Thursday, spelling financial disaster for millions, is a class war measure. It takes interest rates to their highest level in 15 years and deepens …

The planned cap on stamp prices is the latest blow to Royal Mail, which is trying to shift its focus to parcels as demand for letters continues to decline. Earlier this month, the Government blocked the company’s plans to axe Saturday letter deliveries. The move threatens to drive the price …

Royal Mail and union leaders FINALLY reach agreement following 11-month bitter dispute over pay and employment conditions Royal Mail said it reached a negotiators’ agreement in principle with the CWU This follows nationwide strikes in 2022 from more than 110,000 postal staff By Ffion Haf Published: 16:09 EDT, 15 April …

After several sweeteners, the company has made a “best and final” pay rise offer of 9pc over 18 months, a proposal that the CWU has predictably rejected, on the basis that it represents “a devastating blow” to the livelihood of its 115,000 members. In reality, it is nothing of the …

WASHINGTON U.S. central bankers face an unenviable task when they gather in Washington this week: Tackling persistent inflation without adding to financial sector turmoil after Silicon Valley Bank’s rapid collapse. class=’cf’> The Federal Reserve has raised rates eight times since last year in the face of decades-high inflation as it …

Royal Mail increase price of first class stamp by 15p to £1.10 in record-breaking hike  Cost of first class stamp will rise from 95p to £1.10 on April 3 in record hike  The cost of a second class stamp cost will increase from 68p to 75p, a hike of 7p …

A first class stamp is to cost more than £1 following an inflation-busting increase, Royal Mail has announced. The cost of sending letters overnight will rise from 95p to £1.10 in April, Royal Mail confirmed, months after the postal operator warned significant price rises would be necessary unless it was …

Express News Service One was given to understand that strikes and industrial action, especially in the womb of the Industrial Revolution, were passe and belonged to another era. Reformed Capitalism, it has been subtly preached, has a way of adjusting pressure points like wages not keeping pace with inflation. The …

Christmas cards ‘won’t arrive until February’ because of Royal Mail backlogs, union sources have warned, as hundreds of postal workers marched with ‘Grinch Lynch’ on the first day of mass walkouts. Communication Workers Union (CWU) members congregated outside Parliament in central London yesterday – joined by RMT union leader Mick Lynch …

London CNN Business  —  Britain is bracing for further disruption from strikes heading into the Christmas period, as ambulance drivers and nurses join rail operators and postal workers in the worst wave of walkouts the country has endured for at least a decade. More than 20,000 ambulance workers, including paramedics …