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UK jobless rate remains at 4.7% as wage growth stallsBack

BBC.co.uk

 

UK jobless rate remains at 4.7% as wage growth stalls 

The UK unemployment rate has remained at 4.7% as inflation starts to wipe out wage growth, official figures show.

The number of people unemployed fell by 45,000 to 1.56 million in the three months to February, said the Office for National Statistics (ONS). Average weekly earnings including bonuses increased by 2.3%, the same as in the year to January. On Tuesday, figures showed inflation was running at 2.3%, above the Bank of England’s 2% target.

 

Brexit vote site may have been hacked, MPs say in report 

A voter registration site that crashed in the run-up to last year’s EU referendum could have been targeted by a foreign cyber-attack, MPs say. The “register to vote” site crashed on 7 June last year just before the deadline for people to sign up to vote. The UK government and electoral administrators blamed a surge in demand after a TV debate. But MPs on the parliamentary Public Administration Committee say a foreign cyber-attack could not be ruled out.

 

Uber PR boss Rachel Whetstone latest to quit company 

Uber’s head of communications has become the latest executive to leave the embattled ride-sharing firm.

Chief executive Travis Kalanick confirmed Rachel Whetstone’s departure in an all-staff email on Tuesday.

No reason has been given for her resignation, though it follows months of turbulence at Uber. Ms Whetstone joined the company from Google in 2015. “I am incredibly proud of the team we have built,” she said in a leaving statement.

 

 

Economic Times

 

Petrol, diesel prices to change every day from May 1 

Come May 1, petrol and diesel prices will change every day in sync with international rates, much like what happens in most advanced markets.  State-owned fuel retailers Indian Oil BSE -0.02 % Corp (IOC), Bharat Petroleum BSE 0.65 % Corp Ltd (BPCL) and Hindustan Petroleum BSE 1.05 % Corp Ltd (HPCL), which own over 95 per cent of nearly 58,000 petrol pumps in the country, will launch a pilot for daily price revision in five select cities from May 1 and gradually extend it to all over  ..

 

 

The Times

 

UK provides millions to help build more electric vehicle batteries 

One of the country’s longest road tunnels will be built to ease traffic jams in the most congested corner of Britain.

The Department for Transport will unveil plans for a two-mile long tunnel under the Thames to take millions of cars and lorries off the M25 at one of its busiest stretches. It is expected that the government will opt for a link to the east of the existing Dartford Crossing, creating the first new road crossing of the Thames east of London in 26 years.

 

Food giants using stealth price rises to beat Brexit 

Supermarkets across Britain are imposing stealth price rises on selected items to offset Brexit-induced costs without losing business, government statistics released yesterday show. The price of food and drink rose by 1.2 per cent in the year to March — a figure reached by comparing the prices of a “basket” of commonly bought goods — but supermarkets have been bumping up the price of less frequently purchased goods such as dental floss and lightbulbs, which don’t register as readily with shoppers.

Posted by Paul Carpenter on 12/04/2017