Pension: Parry believes rich OAPs should hand back increase Get pensions news and advice plus latest money alerts for FREE now SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Many older workers are now becoming what is known as “economically inactive”, where they are neither in work or looking for work. However, according to Clare Lombardelli, Chief Economic Advisor at the Treasury, this could have major economic implications. Related articles Woman, 64, explains how she makes extra £800 per month Martin Lewis: The one thing everyone aged over 66 needs to know Speaking at King’s College London, Ms Lombardelli addressed the phenomenon known as “The Great Resignation”. She stated this had been significantly … [Read more...] about ‘It’s a problem!’ Britons’ early retirement mass exodus puts strain on inflation
Remote controlled inflatable fish
Councils forced to ‘rip up financial plans’ as inflation adds £800m to costs
Councils will be forced to ditch spending plans and draw up emergency cuts to public services after the highest inflation in 40 years sparks an £800m surge in costs. The Local Government Association (LGA) warned that inflation will force local leaders to make cuts to frontline services and poses a “serious risk to the future financial viability” of some councils. James Jamieson, chair of the body representing local authorities, said funding for social care, bin collections and support for poor households could be at risk as councils scramble to meet their legal requirement to balance the books. Council budgets were signed off earlier this year but soaring inflation has eroded funding for public services in real terms. Analysis by the LGA found surging prices will increase council costs by £800m this year. It estimates that inflation, higher energy bills and increases to the National Living Wage will combine to add an extra £2.4bn in costs this year, climbing to a … [Read more...] about Councils forced to ‘rip up financial plans’ as inflation adds £800m to costs
Brigitte Macron may stay slim with ‘portion control’ and exercise for ‘lean muscles’
Brigitte Macron wears baby pink ensemble for Bastille Day Sign up for FREE health tips to live a long and happy life SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Brigitte Macron was seen with her husband, French President Emmanuel Macron, last week as the two attended the G7 summit in Germany. Brigitte arrived at the summit’s welcoming ceremony wearing a stylish all-beige ensemble. She also donned a sporty outfit to go Nordic walking with the other partners of the G7 leaders. Related articles Keto expert shares how to make easy changes to diet for weight loss Weight loss: Couple shed 27st after fears they were going to die Wearing a pair of slim, sporty-looking jeans, a blouse, and a pair of white … [Read more...] about Brigitte Macron may stay slim with ‘portion control’ and exercise for ‘lean muscles’
Andrew Bailey faces Bank of England mutiny over staff pay rise
Staff at the Bank of England are to demand a major pay rise in the face of surging inflation, despite pleas for restraint on wages from their own Governor. The trade union Unite is consulting staff on Threadneedle Street this summer about securing a “decent pay rise” to cushion the blow of soaring living costs. Staff received just a 1.5pc increase this year, far below the 9.1pc rate of inflation reached in May. Mutiny at the Bank of England over pay would prove deeply embarrassing for Andrew Bailey, the Governor, after he urged UK workers not to demand large wage increases in remarks criticised by unions and politicians. The Bank’s policymakers fear that a surge in pay packets will fuel a wage-price spiral that prolongs painfully high inflation. Unite, which has 600 members at the Bank, said this year’s pay deal was agreed “before inflation started to soar” but that it will demand a bigger boost to help with the living costs crunch. Steve O’Donnell, Unite regional officer, … [Read more...] about Andrew Bailey faces Bank of England mutiny over staff pay rise
Britain suffering faster and steeper downturn than Europe, warns Andrew Bailey
The Bank of England Governor has warned that Britain faces a faster and steeper downturn than other rich countries as households are battered by a “very large national real income shock”. Andrew Bailey said the UK economy is at a “turning point” after Covid, the energy price surge and the war in Ukraine combined to trigger spiralling inflation and the worst drop in disposable incomes for decades. Opening the door to a bigger hike in interest rates to tame price pressures, he vowed to act “more forcefully” if painfully high inflation - forecast to hit 11pc in October - persists. Speaking at a conference in Portugal, Mr Bailey said: “The UK economy is probably weakening rather earlier and somewhat more than others . I think that’s been somewhat evident now for a few months.” It came as a slew of retail industry chiefs warned of a looming plunge in consumer spending in a survey shared with The Telegraph. Stefano Pessina, the head of Boots owner Walgreens Boots Alliance, has … [Read more...] about Britain suffering faster and steeper downturn than Europe, warns Andrew Bailey
Mental health issues in hospitality industry ‘alarming’
Bess Manson/Stuff Mike Egan, national president of the Restaurant Association says mental health is one of the number one issues for many of his members. Mike Egan is running a split shift at his Wellington restaurant Monsoon Poon. He started the day scrubbing dishes. He’ll finish it running the pass and delivering plates of food to hungry customers. He’ll do the behind the scenes work later. Right now he’s got to help keep the machine that is a restaurant charging along. A staff shortage, created by Covid-19 and exacerbated by a dive in mental health, is biting the hospitality industry hard. READ MORE: Love Your Local: Why we're getting behind Kiwi hospitality Covid-19: Isolation rules could 'cripple' hospitality, education sectors No one can afford to be complacent about helping Hospo Egan says he and others in the hospitality industry are struggling to cater for a public piling back into the ‘public living rooms’ of our city. So much so … [Read more...] about Mental health issues in hospitality industry ‘alarming’
Biden faces 3 awkward anniversaries of things he shouldn’t have said
Last July, President Joe Biden made a series of public remarks that have come back to haunt him as things have turned out to be the opposite of what he predicted. Those statements marked the beginning of a tumbling approval rating, which, a year later, has yet to bounce back. Biden's time in the White House started off promising after the Democrat received more than 81 million votes—the most ever cast for a presidential candidate—and he entered office with a relatively high approval rating. Biden's approval rating has since sunk below that of former President Donald Trump 's at the same point in his term, and members of his own party are losing confidence in his ability to lead on key issues. Biden's rating remained steady at about the 52 percent mark until mid-June 2021. What followed were three crises facing America and what seemed to be less-than-accurate predictions from the Biden administration on the Omicron COVID surge, the U.S. withdrawal from Afghanistan and soaring … [Read more...] about Biden faces 3 awkward anniversaries of things he shouldn’t have said
Tory MP Paul Holmes quits Government job over ‘toxic culture’ at No 10
Benefits and state pension to see largest increase in 32 years Tories are now party of big spending, says Sunak How the PM brought in top economists to persuade Sunak Camilla Tominey: True-blue Tories are shuddering Fraser Nelson: Tax grabs have put Britain on road to recession Russia-Ukraine latest: PM calls for new weapons for Ukraine A Tory MP has quit his Government job and criticised the “toxic culture” in No 10 as Boris Johnson’s premiership continues to be rocked by the partygate scandal. Paul Holmes, the Conservative MP for Eastleigh, said in a statement published on his website that he had resigned as Parliamentary Private Secretary at the Home Office. A PPS is the lowest rung on the ministerial ladder but the resignation is likely to prompt alarm bells in Downing Street as the Government struggles to move on following the publication of the Sue Gray report on Wednesday. Mr Holmes said the report had "clearly showed a culture in No 10 … [Read more...] about Tory MP Paul Holmes quits Government job over ‘toxic culture’ at No 10
Five good news stories: a break from climate anxiety, the EU country sponsoring newer tech and more
Because we think you deserve to know what is going well in the world, we bring you another instalment of the good news round-up, a weekly digest of positive stories to brighten up your day. The list is not biased, political or moralising. It is just plain good news, picked by our team because it inspires us and brings us hope. First, we give you the US city that moved 25,000 people from the streets to homes of their own. Then, we battle climate anxiety with a look at the first major proposal in 30 years to reverse catastrophic wildlife loss in Europe. Because we like governments that support their people and their environment, we cover a new government initiative in Greece that tackles both rising energy bills and outdated technology. In Sweden, we look into a pilot smart road that powers vehicles from below. Then on to the inspiring rebirth of a modern-day Phoenix in Japan. Watch the video above for more on each story (we highly recommend), or read on below… 1. … [Read more...] about Five good news stories: a break from climate anxiety, the EU country sponsoring newer tech and more
Ukraine reports fatal Russian missile strikes in Odesa region — live updates
Ukraine says 21 dead in Russian missile strikes in Odesa region EU's von der Leyen has said Ukraine's EU candidacy goes "hand-in-hand" with helping to rebuild the country Ukraine has started exporting electricity to the EU, via Romania Donetsk separatists charge 2 more Britons with mercenary activities This article was last updated at 22:16 UTC/GMT EU official says plans to rebuild Ukraine should also address environment According to the EU Commissioner for the Environment Virginijus Sinkevicius, plans to rebuild Ukraine will need to address restoring the country's war-torn ecosystems. "The [environmental] price tag every day is increasing, because we see the barbaric actions of the Russian side [are] not stopping," Sinkevicius said. "They bomb chemicals facilities" and have put nuclear power plants at risk, he said, adding that "hundreds of thousands of tons" of destroyed Russian military machinery would need to be cleared. He said environmental damage was "a … [Read more...] about Ukraine reports fatal Russian missile strikes in Odesa region — live updates