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The latest local and national UK and International news.

Brexit & global economic concerns cause UK economy to stall

UK's service sector stagnated in January according to the IHS Markit/CIPS purchasing managers' index. The figures showed a reading of 50.1 in January, lower than December's 51.2. The pound fell 0.17 per cent to $1.3017 following the disappointing data. Britain’s didn't fall into a recession after the 2016 referendum vote  However, growth slowed sharply in late 2018 as the Brexit deadline approached with no agreement, on how to leave the European project, set in place. IHS Markit's Chris Williamson said: "Growth...

Average earnings in London 15.5% lower than in 2007 after inflation

Average earnings in London are 15.5 per cent below the real value of earnings in 2007 after inflation, new research has revealed. A study of official data by GMB has shown that in London, full-time workers’ mean gross annual pay in 2018 was just 84.5 per cent of what it was in 2007. In 2007 the mean gross annual pay of full-time workers was £42,226. In 2018 that figure was £48,604, which when you factor in inflation at 36.17 per...

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