Category : Search result: minimum wage


UK unemployment rises, youth hardest hit

UK unemployment climbs to 5.1% as labour market weakens, with youth unemployment reaching 16%. Wage growth slows amid budget speculation and business costs. Read the latest ONS data.

UK Jobless Rate Hits 5.1% as Labour Market Weakens

UK unemployment rises to a four-year high of 5.1%, with payroll numbers falling sharply. Wage growth slows, increasing pressure on the Bank of England to cut rates. Read the full analysis.

Hotel Profits Fall as Costs Rise in UK and London

UK hotels face a profit squeeze as rising costs outpace increased demand and room rates. Experts warn of challenges from wage hikes and frozen tax thresholds. Read the full analysis.

M&B profits jump 20% amid £130m cost pressures

Mitchells & Butlers reports strong £2.7bn revenue and 20% profit growth while facing £130m cost pressures from wage hikes and inflation. Discover how pub giants navigate economic challenges.

Reeves' Budget Tackles Living Costs and £20bn Gap

Chancellor Rachel Reeves unveils a budget targeting the cost of living crisis with minimum wage rises and tax changes, while facing a £20bn shortfall and party discontent. Discover the key measures.

Minimum Wage Increase to £10.85 Announced

The UK government has announced a significant increase to the National Minimum Wage, rising to £10.85 an hour for 18-20 year olds. Discover how this impacts 2.7 million workers.

Australia Sets World First Minimum Pay for Gig Drivers

Australia's food delivery giants DoorDash and Uber Eats partner with Transport Workers' Union to establish minimum hourly wage and accident insurance for drivers in landmark deal awaiting Fair Work Commission approval.

UK to Name and Shame Minimum Wage Cheats

The government is launching a new 'name and shame' scheme for employers who breach minimum wage laws, protecting 42,000 vulnerable workers. Discover the full Budget details.

65 London firms named for minimum wage breaches

UK government reveals 65 London businesses fined for underpaying staff, with Adecco UK owing £436,877 to 3,356 workers. Discover which companies failed to pay minimum wage.

UK Jobs Data Fuels December Rate Cut Hopes

UK unemployment jumps to 5%, sparking expectations of a Bank of England interest rate cut in December. Discover how this impacts gilt markets and the economy.

UK unemployment hits four-year high of 5%

UK unemployment rate surges to 5%, the highest level since February 2021. Payroll numbers fall as wage growth slows. What this means for the economy and interest rates.

RBA: Inflation to rise faster than wages in 2025

The Reserve Bank of Australia predicts inflation will accelerate faster than wages in 2025, threatening living standards and economic stability. Experts question if the central bank's modelling is too pessimistic.

New Zealand's Great Exodus to Australia

New Zealand is experiencing an unprecedented population drain as citizens head to Australia in record numbers, driven by better wages and living costs. Discover the economic forces behind this mass migration.

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