Articles by David Milliken

UK Public Sector Workers To Get 5% Pay Rise -FT

British Prime Minister Boris Johnson will offer millions of public sector workers pay rises averaging 5% next week, the Financial Times reported on Friday, citing unnamed government ministers.

UK Construction Activity Slowest In Nine Months -PMI

Activity in Britain's construction sector slowed sharply last month, with the weakest expansion since September 2021, as fears for the economic outlook caused house-building to contract for the first time since early in the COVID-19 pandemic.

UK Faces Stagnation And Recession Risk, CBI Warns

Britain's economy faces stagnation next year and could easily fall into recession, the Confederation of British Industry (CBI) warned on Monday after it slashed its outlook for growth due to surging inflation.

UK Factory Activity Edges Up From March's One-year Low - PMI

British factory activity edged up in April after slowing to its weakest in just over a year in March following Russia's invasion of Ukraine, but manufacturers were wary about the outlook as costs leapt and demand faltered, a survey showed on Tuesday.

Poorest Britons Suffer Biggest Pay Squeeze

Britain's lowest-paid workers have seen the biggest squeeze on their pay over the past 12 months, according to figures on Tuesday which suggest the cost of living crisis is likely to prove even more painful than headline figures imply.

UK Unemployment Falls Below Pre-pandemic Rate

Britain's unemployment rate dropped below its pre-pandemic rate in the three months to January while pay rose faster than expected, according to official figures that are likely to bolster the Bank of England's plans to raise interest rates.

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