Business

Britain hit by biggest day of strikes in a decade as pay disputes escalate

London CNN — As many as half a million workers are striking across Britain on Wednesday, closing schools, canceling university lectures and bringing most of the rail network to a standstill in what unions say will be the biggest single day of walkouts in more than a decade. Teachers, university staff, train drivers and civil …

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Household bills could fall by more than £750 from July

The new chief executive of Rolls-Royce has delivered a blistering message on the future of the aero-engineering giant, telling staff it is a “burning platform”. Tufan Erginbilgic warned employees that investors are losing patience with the company, saying “we underperform every key competitor out there”. In a global address broadcast to staff, parts of which …

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M&S is leading Britain’s high street revival as online retailers care into crisis

Screwfix may not be the most glamorous retailer, but it is opening 80 new stores, often in small, more local locations. The number of independent bookshops climbed last year to a 10-year high, reclaiming market share from Amazon. Even HMV returned to profit this year for the first time since it was bought out of …

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inflation is important to be left to central bankers

Rather than viewing inflation as a neutral, impersonal force like gravity, economists are starting to see it as a battle between different actors in the economy. Train IMF chief economist Olivier Blanchard recently observed on Twitter that iinflation is the result of the battle of distribution. Prices move because companies, workers, and taxpayers duke it …

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