Jeevun Sandher, economist at Kings College London said “those who are able and willing to work are, generally, working. That is great news”. But he added: “The problem we face is that having a job does not mean you will earn enough to escape poverty. Even before this cost-of-living crisis, almost 70% of adults in poverty lived in working households. That has gotten significantly worse – half of us are now cutting back on food.”
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Retail sales drop in July as rain dampens demand
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He said that while its outdoor toy sales were “substantially down” on a year ago, “our indoor sales, whether...
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FTSE 100 index of leading shares hits highest since March
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“The deal should see sentiment towards the FTSE indices recover just as the dividend payout ratio improves, vaccines...
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What a $1 deal says about America’s office market
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His next door neighbour, 360 Park Avenue South, has been empty since 2021 for redevelopment. The 20-storey building, which...
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Coronavirus: Sir Keir Starmer to call for furlough scheme replacement
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Image copyright EPA Sir Keir Starmer will call on the government to replace the furlough scheme and outlaw “firing...
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Business groups call for stability as Johnson resigns
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Kitty Ussher, chief economist at the Institute of Directors, the UK employers’ group, said: “What business hates most is...
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Johnson & Johnson to pay $230m to settle opioid claim
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“Johnson & Johnson helped fuel this fire, but today they’re committing to leaving the opioid business – not only...
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Sunak: Ministers doing all we can to fix supplies for shops
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The Chancellor said shoppers “should be reassured” the government is working to fix port delays.
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