living-standards
Top StoriesBritish Port Workers Plan Two-Week Strike From Sept. 19
Top StoriesCash-Strapped Britons Give up Pets as Living Costs Soar
Top StoriesFrench Inflation in June Hit Record High of 6.5% – Preliminary Figures
Top StoriesBritons, Shaken by Cost-Of-Living Squeeze, Cut Back on Shopping
Rolls Royce Offers Cash to Workers Facing High Cost of Living
Date: June 21, 2022
(Reuters) – British aircraft engine maker Rolls-Royce Holdings said it was offering a cash lump sum of 2,000 pounds ($2,458) to about 70% of its UK workforce to help them navigate high living costs. Britain’s economy initially rebounded strongly from the COVID-19 pandemic but is now battling high living costs worsened by a combination of...
Weak Market Competition to Further Hammer Poor Households – UK Watchdog
Date: April 29, 2022
By Muvija M LONDON (Reuters) – Waning competition in British markets has allowed the biggest companies to cement their position and raise prices, hammering the poorest households already grappling with a cost-of-living crisis, an official report said on Friday. Britain’s competition regulator said in a report for the government that a “limited number” of companies...
Poverty, Education Levels Draw Battle Lines in French Election
Date: April 12, 2022
By Leigh Thomas PARIS (Reuters) – As French President Emmanuel Macron and Marine Le Pen head into a presidential run-off on April 24 promising to tackle high inflation, an analysis of first-round voting data shows the far-right challenger with an edge in low-income areas hardest hit by soaring costs. Sensing people’s frustration in the face...
UK Jobless Rate Lowest Since 2019, but Inflation Eats Into Pay
Date: April 12, 2022
By David Milliken and William Schomberg LONDON (Reuters) -Britons’ earnings shrank by the most since 2013 in February when adjusted for surging inflation, despite unemployment falling to its joint lowest in almost 50 years, highlighting the challenges facing the Bank of England. The jobless rate sank to 3.8% in the three months to February from...
UK’s Sunak Hits Out at ‘smears’ Over Wife’s Tax Status
Date: April 8, 2022
By Michael Holden (Reuters) – British finance minister Rishi Sunak hit back at what he called “smears” about his multi-millionaire Indian wife over her tax status, in criticism that commentators say has damaged his chances of being the country’s next prime minister. The row over the tax status of Sunak’s wife Akshata Murthy comes as...
UK’s Sunak, Under Fire Over Cost of Living, Defends His Tax Cut Plans
Date: March 28, 2022
LONDON (Reuters) -British finance minister Rishi Sunak on Monday defended the tax cuts he announced last week, after they were widely criticised for not helping the poorest households through the most severe hit to living standards since at least the 1950s. With the Russia-Ukraine conflict pushing up already high energy prices and putting British inflation...