UK manufacturers face a "heavy drag" on competitiveness due to the highest electricity prices in the G7. Make UK and TUC call for expanded government relief, costing £3bn, to cover all manufacturers, as current schemes are too narrow.
Unions group wants rate returned from 3% to 8% after big four UK lenders reveal £14bn total profit in first quarter An increased windfall tax should be imposed on the UK’s largest banks according to trade union leaders, after the big four lenders reported almost £14bn in first-quarter profits, partly fuelled by market turbulence caused by the Iran war.The Trades Union Congress (TUC) renewed its call for an increase in the current bank surcharge, which was reduced from 8% to 3% of profits above £100m by the Conservative government in 2023, as banks benefit from the high interest rate environment. Continue reading...
The Trades Union Congress has called for a ban on dynamic pricing in the gig economy, publishing a report with testimonies from Uber drivers who describe their earnings as akin to "gambling" or "waiting for the jackpot." The report, compiled with Worker Info Exchange and Nottingham Trent University, reveals that Uber introduced dynamic pricing in 2023, replacing fixed rates with opaque algorithmic pay determination. A University of Oxford study found drivers earned substantially less after the change, while Uber increased its commission from 20% to 25%.
