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Business & Economy
UK Employees Face Record Pay Slump Amid Spiralling Inflation
New data from the Office for National Statistics (ONS) shows that the regular pay of UK employees, excluding bonuses, was down an average of 3% in the three months to June when accounting for spiralling inflation.
Federal Reserve’s Barkin Warns Further Interest Rate Increases Are Necessary
On Friday, Richmond Federal Reserve President Thomas Barkin warned that further interest rate increases will be necessary to reduce price pressures.
UK Economy Contracted By 0.1% in Q2, Escalating Recession Fears
In the three months to June, the UK economy contracted amid the worst inflationary crisis in decades.
Financial Expert Warns UK Government Must Do More To Support Households Amid Spiralling Energy Costs
MoneySavingExpert.com founder Martin Lewis has urged UK ministers to at least double the amount of support available to help protect the country’s poorest households from the spiralling cost of energy bills.
Sustainability: This Looks Like A Job For The CFO
As we make major strides toward mandatory disclosure regimes, companies need to prove their environmental and social impact claims. Finance can serve a key role.