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Exact rate wages are rising revealed – are you better off?

WAGES are still rising for millions of workers as earnings continue to outstrip inflation. Official figures released today by the Office for National Statistics (ONS) reveal regular pay, excluding bonuses, stood at 7.3% in the three months to October this year. 1 Wages are continuing to rise for millions of workers across the UK Credit: PA The rate of UK unemployment also remained unchanged at 4.2% in the three months to October, the ONS said. This was down from the previous quarter when wage growth stood at 7.7% in the three months to September this year. But taking into account inflation, which measures how much prices are rising…

Fed December Meeting: Another Pause Before The Pivot?

INTERNATIONAL BUSINESS TIMES NEWSLETTER SIGNUP My account Log Out Dec 12, 1:50 AM EST World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion NEWSLETTER My account Log Out US Edition World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion Listings & More Spotlight Glossary SMB Forum Glossary K-Wave CEO Spotlight Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States NEWSLETTER Follow Us Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States Economy &…

Introduction to Business Grants for Startups

Share Tweet Share Share Email Definition of Business Grants Business grants are essentially financial awards provided by government entities, corporations, or foundations to support businesses, particularly startups, in their endeavors. Unlike loans, these grants do not require repayment, which makes them highly attractive for new entrepreneurs looking to start or grow their businesses. Free Funding : Recipients are not required to pay it back. Catalyst for Growth : Can fund research, development, and expansion projects. Importance for Startup Growth and Development For startups, the infusion of grant money can play a pivotal role…

Next step in state’s plan to reduce insurance costs for NSW households,…

NSW has made its first steps towards removing a pesky insurance tax, which inflates premiums by an average of 18 per cent for households, and 30 per cent for businesses, making NSW’s insurance costs among the most expensive in Australia. In November, the state flagged it would be reforming the Emergency Services Levy (ESL) and changing how the state pays for its emergency services, like the Rural Fire Service (RFS), State Emergency Service (SES) and Fire and Rescue NSW (FRNSW). On Tuesday, the government announced consultation had begun with the Real Estate Institute of New South Wales, the Property Council of Australia and the…

2023: The year of the gloomy consumer

As we limp towards the end of the consumer annus horribilis that was 2023, for many people, this was the year in that the interest rate Grinch threatened to steal Christmas. The last of this year’s consumer sentiment readings from Westpac reveals the lowest yearly score (bar one) since the bank began collecting the data back in 1974. It shows people are feeling worse than they did during COVID, or even the global financial crisis. Seasonal gloom: Shoppers on Melbourne’s Bourke Street Mall. Credit: Luis Ascui Thus, this year trumped all years other than 1990 in the poor sentiment stakes. But back then, the economy was tipping into…