Finance

GMB, Unison and Unite have submitted a police staff pay claim to break the government imposed pay cap. Police staff, along with other public sector workers, have had thousands of pounds pinched from their wages due to a government imposed 1% pay cap which forces them to foot the bill for the 2008 crash. GMB analysis shows that most police staff salaries have lost between 9.4 per cent (CPI) and 13.5 per cent (RPI) of their value since 2010. The...

The GMB Union responded to the 'disappointing' Taylor Review as the report was published today. While the union welcomed recommendations such as scrapping the long despised Swedish Derogation and the acceptance that the Gig Economy isn't working for workers, it challenged the Government to grasp the nettle and tackle the whole of the precarious economy. Matthew Taylor, who was commissioned last year by the Prime Minister to carry out this review, will today publish his 7 principles to achieve “good...

Debt remains the #1 bugbear for families across the United Kingdom. For many people, debt appears to be an insurmountable problem, growing on a daily basis thanks to the interest-related payments on outstanding debt, rising inflation, and shrinking real-money wages. The UK economy is now beset with a series of challenges that require an urgent response from the Bank of England in the form of monetary tightening to prevent inflationary pressures. The latest Monetary Policy Committee (MPC) decision from June...

In my younger more primitive years I used to think of credit reporting as nothing more than a way of consumerising a business function. Credit reports, or scores as they're now known to the public, are used by creditors as a way of making decisions about your creditworthiness,  but it is of little practical use outside high street banks and car dealerships. More widespread knowledge of prudent credit usage is a more suited antidote to better credit over a colourful barometer shipped...

The Conservative Party assumes that people want lower taxes and the rolling back of the public sector, and under Thatcher that approach worked and kept the party in power for a long period of time. However, it appears that the British people are increasingly in favour of the opposite and welcome an increase in taxes and Govt spending, according to a new study. The research found that almost half of people in the British Isles want the Government to raise...

Supermarket Income REIT has announced its intention to launch an initial public offering of its shares on the specialist fund segment of the main market of the London Stock Exchange. Seeking to raise up £200m Supermarket Income REIT is seeking to raise up to £200 million by way of a placing and offer for subscription. The IPO proceeds will be used to acquire a diversified portfolio of supermarket real estate assets in the UK, providing long-term RPI-linked income, from institutional...

The Government must look after ordinarily working people as growth lowest for four years. GMB union has called for urgent action on the cost of living crisis as retail sales growth slumped to its lowest level for four years. Figures from the ONS this morning show that the annual retail sales growth rate was the lowest since April 2013. Non-food stores were the main contributing factors to this slowdown with an annual fall of 1.2% and predominantly food stores saw...

There is no single "best" way to conduct personal financial affairs.  In fact, since each person's resources, experiences, and financial goals are unique, there are actually countless approaches to money management - some more successful than others.  While you may not exactly be able to copy another person's financial success, it does make sense to observe and learn from others' experiences.  Because in the end, despite differences in the ways we address financial concerns, some practices (balanced budget) furnish universal...

Last July Paul had a call that we all dread: an uncle of his had taken ill, and he knew straight away from the tone of the lady informing him, from the hospital, that it did not sound good. What made this situation more complex was that his uncle lived in Thailand. Paul, from Peterborough, said: “The next day we received another call saying that his situation had not improved overnight, and we faced the difficult position of giving approval...