Wages
This coverage examines wage trends and policies in the UK retail sector, focusing on pay levels, employer contributions, labour cost management, and compliance. Reporting highlights how changes in wages impact staffing budgets, recruitment, retention, and operational planning — offering insight for executives, HR leaders, and finance professionals managing workforce investments.
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Jan- 2023 -25 JanuarySupply Chain
300 Amazon warehouse workers hold first UK strike
The GMB union has organised a strike for about 300 Amazon warehouse employees out of 1,000 at the e-commerce retailer’s Coventry depot today (Wednesday 25 January), the first to be held in the UK. The union has been working to boost its presence at the company, as today’s strike action…
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Dec- 2022 -16 DecemberEconomy
Consumer confidence remains at ‘historic lows’ in December
GfK’s Consumer Confidence Index increased by only two points in December to -42, with confidence still sitting at “historic lows”. This marked the eighth month in a row in which the Index has remained at around -40 or lower, the first time this has happened since the GfK’s records began…
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Nov- 2022 -17 NovemberEconomy
Chancellor freezes tax thresholds in Autumn statement
Chancellor Jeremy Hunt has announced a raft of measures to help “stabilise” the UK economy and reduce inflation, with tax cuts and spending cuts totalling £55bn in the Autumn statement. As part of the new measures, Hunt confirmed that tax as a percentage of GDP will rise by over 1%…
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Sep- 2022 -28 SeptemberAnalysis
Will Patagonia spark an eco revolution?
Becoming net zero and sustainable are some of the top priorities for global companies today, with many promising to reduce their carbon footprint or offset it by planting trees. But there comes a point where promises and offsetting isn’t enough. And Patagonia has done exactly that. The Chouinard family, former…
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13 SeptemberEconomy
Unemployment falls to lowest level since 1974
Unemployment has fallen to its lowest level since 1974, currently sitting at 3.6% for the three months to July, according to the latest figures from the Office for National Statistics (ONS). The ONS also found that while unemployment fell there was also a decrease in the employment rate, while the…
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9 SeptemberEconomy
UK workers face £2,000 hit to real wages
UK workers are facing a £2,000 hit to their real wages by the end of 2022 as the UK economy confronts a “highly volatile and uncertain” inflationary outlook, according to the latest PwC Economic Outlook. PwC expects that the UK will likely report growth of between 3.6% in the “mild…
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5 SeptemberFeatures
Are we set for a winter of strike action in the Retail industry?
As the RMT strike makes waves across the UK, the incoming cost-of-living-crisis has come into sharp focus. With energy bills set to skyrocket to unprecedented levels, concerns about how the public is going to survive the winter have been contrasted with rising profits from oil and gas companies. With coordinated…
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Aug- 2022 -17 AugustEconomy
Inflation hits new 40-year high at 10.1%
Inflation has once again broken records with a new 40-year high recorded last month, as the Consumer Price Index (CPI) hit 10.1% in the 12 months to July 2022, up from 9.4% in June. According to the Office for National Statistics (ONS), the biggest contribution to this figure was rising…
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16 AugustAnalysis
Staff satisfaction should be top of Amazon’s agenda
Amazon has been making plenty of headlines recently, with news of its recent Q2 financial results depicting a net loss of £1.6bn in spite of a 7% increase in sales. However, out of all the Amazon-related news circulating, its current battle with unions and the company’s refusal to offer staff…
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16 AugustEconomy
Wages see highest fall on record amid rising inflation
Regular pay in the UK has fallen by a “record” 3% in the quarter ending June 2022, the steepest decline since records began two decades ago, as the nation continues to battle rising inflation and the cost-of-living crisis. Not accounting for inflation, growth in regular pay, excluding bonuses, would be…
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