Minutes of the Bank of England’s July meeting have been released today and have revealed that the Monetary Policy Committee (MPC) voted 7-1 earlier this month to keep interest rates at the historic low of 0.5% – where they have been since March 2009.
Again, the usual nine-strong committee comprised of only eight members as [...]
Workers at motoring group AA have voted in favour of going on strike in a row over pensions.
The AA’s management wants to put a cap on annual rises in pensionable salaries, to raise employee contributions and also to cut the maximum annual increase in pensions paid.
The final-salary scheme is already closed to new [...]
The GMB trade union has today announced staff at British Gas have voted in favour of industrial action over claims of “macho management” and changes to staff terms and conditions.
The union has given the UK’s largest energy retailer a week to respond before deciding its next move.
GMB said over 61% of its 8,000 members [...]
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 for [...]
Minutes of the Bank of England’s February meeting have been released today and have revealed that the Monetary Policy Committee (MPC) voted unanimously this month to keep interest rates at the historic low of 0.5%.
Furthermore, all nine members of the MPC opted to put the brakes on the quantitative easing (QE) programme.
QE, also known [...]
Chairman Roger Carr, chief executive Todd Stitzer and chief financial officer Andrew Bonfield of Cadbury have announced today that they will step down from the British confectioner.
The three bosses announced their resignations following a shareholder vote which will see US food giant, Kraft, takeover the 186-year-old iconic British company in a £11.5 billion ($18.9 [...]