The Public and Commercial Services (PCS), which is Britain’s largest civil service union, has said 290,000 of its members will take strike action later this month, protesting against pension reforms. They will join hundreds of thousands of teachers, meaning around 750,000 public sector workers will strike at the end of the month. The co-ordinated action [...]
Banking giant Lloyds has announced it will axe a further 360 jobs and transfer 140 members of staff to another company. The banking giant, which is 43% owned by the taxpayer, has now axed more than 27,000 jobs since its merger with HBOS at the height of the financial crisis, some of which were due [...]
Members of British Airways (BA) cabin crew are to be balloted again as the long-running dispute with the airline continues over cost-cutting measures. The Unite union claims BA refuses to reinstate travel perks, which were stripped from members during a strike in March. So far, cabin crew members have held 22 days of strikes which [...]
Further talks have taken place at conciliation service, ACAS, between British Airways (BA) and the Unite union in the latest bid to avert strikes by the airline’s cabin crew members. Cabin crew have been in a long-running dispute with the airline over cost-cutting measures, which include a pay freeze, a switch to part-time working for [...]
Italian workers are the latest to stage strikes amid tough austerity measures, introduced by the country’s Government to bring its budget deficit down. The union, CGIL, called the strike, after cuts were made in funding for local Government, as well as the freezing of public sector pay. Protests were held in Rome, Milan and Bologna, [...]
The latest meeting between British Airways (BA) and the Unite union, designed to come to an agreement about strike action has yet again failed, according to the ACAS conciliation service. The fresh talks came a week after the union, which represents BA cabin crew, confirmed a fresh ballot for its members, suggesting further industrial action [...]
British Airways (BA) cabin crew will embark on a five-day strike today after eleventh-hour talks collapsed. Over the weekend, the Unite union’s joint general secretary, Tony Woodley, offered to cancel the latest strikes if travel perks for cabin crew were reinstated. However a spokesperson for BA said: “We have already offered to reinstate travel concessions [...]
It was announced today that the Unite union was victorious in appealing against an injunction, which prevented British Airways (BA) cabin crew from taking industrial action this week. However, the union has today said it will commence a series of five-day strikes starting Monday, unless an agreement can be reached. Cabin crew have been involved [...]
On Monday night, it was announced that British Airways (BA) was successful in preventing the latest series of strikes by its cabin crew staff. Mr Justice McCombe of the High Court ruled in favour of the airline and said the decision was based on a technicality. However, the Unite union described the decision “an absolute [...]
On Monday night, it was announced that British Airways (BA) was successful in preventing the latest series of strikes by its cabin crew staff. Mr Justice McCombe of the High Court ruled in favour of the airline and said the decision was based on a technicality. However, the Unite union described the decision “an absolute [...]
The Unite union has today announced cabin crew members at British Airways (BA) will strike for four separate five-day strikes in May and June. The further industrial action comes after Unite members rejected a fresh deal for cabin crew earlier this month. Unite said 81% of the cabin crew it represents voted against BA’s offer [...]
It has emerged this evening that rail workers will stage a four-day strike on April 6,7,8 and 9 amid a row over jobs and working practices. Members of the Rail Maritime and Transport union (RMT) and the Transport Salaried Staffs Association (TSSA) employed by Network Rail will strike between 6am and 10am and between 6pm [...]
British Airways (BA) cabin crew members are on their third and final day of strikes this week but there are still no signs of a resolution between the airline and unions. Last month, BA‘s 12,000 cabin crew members voted to take industrial action over cost-cutting measures, which include a pay freeze and a switch to [...]
Talks aimed at averting industrial action at British Airways (BA) collapsed earlier this week and, as a result, Unit has today announced BA cabin crew members will strike for three days from March 20 and for four days from March 27. Last month, BA‘s 12,000 cabin crew members voted to take industrial action over cost-cutting [...]
Up to 270,000 civil servants are to stage a 48-hour national strike next month in a dispute over redundancy pay. The walkout, which will take place on 8 and 9 March, will involve job centre staff, tax workers, coastguards, border agency officials, courts staff and driving test examiners. If a satisfactory outcome is not reached [...]
Fears of travel chaos could emerge later as the results of a ballot is set to be announced. A second strike ballot for British Airways (BA) 12,000 cabin crew members is to close today after they vowed to take industrial action over cost-cutting measures, which include a pay freeze and a switch to part-time working [...]
The Unite union has been unsuccessful in its High Court action against British Airways (BA) to stop the airline from imposing cost-cutting measures. The union claimed it was not properly consulted on the measures, which include a pay freeze and a switch to part-time working for 3,000 staff. BA cabin crew had been set to [...]
Cadbury shareholders have today voted in favour of the £11.5 billion ($18.9 billion) takeover deal from US giant, Kraft Foods. Today’s vote brings an end to Kraft’s five-month battle to take control of the 186-year-old British confectioner. Cadbury said it had received valid acceptances of the offer from shareholders representing 71.7% of the company. Commenting [...]
Shop Direct, the group behind Littlewoods, Kays, Additions Direct, Very, Empire Stores and Marshall Ward is to axe 1,500 positions across three sites in Sunderland, Burnley and Newtown in Powys. The GMB union described the job losses as a “devastating blow” to the three affected regions. The home shopping group which has its headquarters in [...]
British Airways (BA) cabin crew have ruled out industrial strike action for the Easter holidays. The announcement will be a relief for the 2.5 million people that fly abroad during the Easter period. Earlier this week, the Unite union said BA cabin crew were to begin a second strike ballot next week raising renewed fears [...]
Gender directive could slash men’s annuity payouts
The EU Gender Directive, which came into force today, could see men losing up to £10,000 from their annuity payouts, according to research by PricewaterhouseCoopers. Under the new rules insurers are no longer allowed to take gender into account when setting annuity rates and premiums on insurance products. Men previously enjoyed higher annuity rates than [...]
Home rental costs down in November
The cost of renting a house in England and Wales fell by 0.4 per cent in November, its first dip since March, according to a survey by LSL Property Services. Average rent was £741m during the month, returning to the level seen in September. However, it was 3.4 per higher than in November last year. [...]
Lloyds TSB halts sale of packaged accounts in branches
Lloyds TSB will stop selling packaged account in its branches from 1 January 2013, until its sales procedures are brought into line with those operated by sister bank The Halifax. Lloyds TSB is one of the main providers of packaged accounts in Britain, with around one in three of its customers choosing to pay fees [...]
Housing market recovery to continue next year
Recent improvements in the housing market should continue into next year, according to the Council of Mortgage Lenders (CML) Gross lending is estimated to have increased to £12.9 billion in November, helped by the Funding for Lending scheme which provides banks and building societies with lower-cost funding, which they are then supposed to pass on [...]
Newcastle Building Society exits interest-only mortgages
Newcastle Building Society has stopped offering interest-only mortgages to new borrowers, following the lead of the Royal Bank of Scotland, Nationwide, Co-operative bank and Coventry Building Society. The decision will not affect existing Newcastle customers and applications for interest-only mortgages received before 14 December will still be processed. Prior to the credit crunch, interest-only mortgages [...]
Less than half of Brits considered creditworthy
Fifty-seven per cent of UK adults are at risk of having an application for credit turned down by a mainstream lender according to a new report. The ‘Mind the Credit Gap‘ report commissioned by aqua credit cards suggests that even people with a good credit rating and earning more than £50,000 could have a credit [...]
Monthly incomes £22 lower in 2012
The average monthly income of UK households fell by £22 in real terms compared with last year, according to a survey carried out for the Bank of England (BoE) by NMG Consulting. People on lower incomes have seen their income eroded more than higher earners and households still have high levels of debt the BoE [...]
Savers dig deep to fund Christmas
New research from the Halifax suggests that savers are funding their Christmas spending with money set aside for other purposes. Thirty-seven per cent of 2,138 savers surveyed by the bank at the end of November had withdrawn savings in the last three months. The average amount withdrawn was £1,186, more than double the average savings [...]
Financial data at risk from unsafe passwords
According to a survey by the Payments Council the problem of having to remember a different password for several accounts means that many internet users are compromising the security of their financial data. Internet users have 22 password-protected accounts on average and many use the same log-in details for more than one account, even though [...]
Wonga launches Paylater loans on retailer website
Payday loan company Wonga has launched a new Paylater service on furniture firm Cotswold Company’s website. The service, which allows customers to “buy now, pay later” will be introduced on other retailers’ sites in the near future. Although the Paylater branding is similar to Wonga’s, the Wonga name only appears in the small print. A [...]
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