publicsector
The UK’s public sector net borrowing, excluding public sector banks, hit a new record surplus in January 2024, the highest since monthly records started being maintained in 1993, according to the Office for National Statistics. Public sector net borrowing, not including public sector banks, saw a surplus of about £16.7 billion in January, which was more than twice January 2023’s surplus of £7.5 billion. However, it was still a just below analyst expectations of £18.7 billion. Total public sector receipts inched up by 3.4%, coming in at £119.5 billion, primarily due to increases in income tax, ...
Euronews (English)
Employees in the UK may be looking at a drop in salary increases this year as employers cut back on their hiring plans, according to a new report from the Chartered Institute of Personnel and Development (CIPD). The findings come from a survey conducted last month, involving 2,006 employers and focusing on their approaches to pay, staffing levels, and job vacancies. After staying at 5% for some time, expected basic pay rises have dropped to 4%, marking the first fall since the beginning of the Covid-19 pandemic. Within the private sector, the average expected basic pay increase was down from 5...
Euronews (English)
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