[ad_1] It demanded that the company negotiates to secure a “straight, no-strings pay increase” for employees. A spokesman for the CWU said: “Britain’s postal workers are being forced into accepting a massive pay cut by the same people they have generated incredible profits for. “Our members are going to food banks while bosses reward themselves…
[ad_1] Royal Mail workers will be sent ballot papers on Tuesday Royal Mail workers could be the next to go on strike as they prepare to vote in the coming weeks on proposed industrial action. Around 115,000 Communication Workers Union (CWU) members will be voting on the proposal after the union rejected Royal Mail’s 2%…
[ad_1] BT Group, the UK telecoms giant, is facing a national strike over pay by 40,000 frontline staff across BT and its subsidiaries, Openreach and EE. The Communication Workers Union (CWU) will begin balloting from June 15. BT announced its decision to impose a pay award for this year of between 3 and 8 percent…
[ad_1] Credit card rates have hit a record high amid soaring inflation which has driven shoppers to borrow to cover living costs. The average annual percentage rate – or “APR” – charge on credit cards has reached 26.6pc this month, the highest since records began in 2006, according to Moneyfacts, a financial analyst. May’s average…
[ad_1] Royal Bank of Canada RY-T is raising base pay by 3 per cent for its lower-paid employees as part of a $200-million spending package that aims to fend off fierce competition for talent by improving salaries and benefits. The unusual increase takes effect on July 1, and applies to all employees in a range…
[ad_1] Cost of a first class stamp increases by 10p to 95p TODAY and a second class stamp is up by 2p to 68p as Royal Mail seeks to cover higher delivery costs despite its annual profits quadrupling to £762m Price of first class stamp has risen to 95p and a second class stamp rose…
[ad_1] The benchmark FTSE 100 index declined 0.5% in morning trade, diverging from its Asian peers, while the domestically focussed mid-cap index fell 0.7%. Bank of England (BoE) Governor Andrew Bailey said on Wednesday that the economic impact from COVID-19 still remains strong, while noting the inflationary pressure from supply chain difficulties and increased demand…
[ad_1] Boss Simon Thompson insists the pandemic has triggered “a structural shift”, turbocharging demand for parcels and accelerating the long-term decline in letters. Despite a mini-revival in recent months, letter deliveries are a fifth lower than before coronavirus erupted. Yet this is Royal Mail. For a company that has been bringing us our post for…
[ad_1] By consensus inflation will come in at above 3%, but how much higher? The Bank expects it will rise above 5% in the next few months; some investors think the Bank is behind the curve and that its decision to hold rates last week was a mistake. Mining shares, seen as a hedge against…
[ad_1] A woman fills her vehicle with fuel, in Toronto, on Oct. 19. Evan Buhler/The Canadian Press Canadian inflation surged in September at the fastest pace since 2003 due to higher gas and housing costs, adding fuel to a boisterous debate over how long prices will rise rapidly. The consumer price index (CPI) rose 4.4…