Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Strikes take their toll on multiple sectors

by August 26, 2022
August 26, 2022
Strikes take their toll on multiple sectors

Six per cent of businesses were affected by industrial action last month as disputes over pay, jobs and working conditions led to worker protests.

Of businesses affected by strikes, nearly a third said their workforces had not been able to perform their roles as a result, while another 20 per cent said staff had been forced to work from a different location. Healthcare and social work were affected most, comprising about 10 per cent of businesses hit by industrial action last month.

The proportion of businesses reporting strikes was roughly the same as in June, according to figures from the Office for National Statistics.

Thousands of workers across several sectors have taken or are considering taking strike action over pay offers that fall short of inflation, which hit 10.1 per cent in July and is expected to rise further, with widespread industrial action billed as the biggest in Britain since the 1980s.

Railway unions are in dispute with the government and railway companies over pay, job cuts and changes to the terms and conditions of their work. Strikes in recent weeks left a fifth of trains running on some days, with no service in parts of the country. No further strike dates have been set but it is likely there will be more.

Barristers are going on strike indefinitely from September 5 in a row with the government over pay, conditions and legal aid funding. Four days of postal strikes that begin today are expected to deliver a £100 million blow to Royal Mail, which is in a dispute with the Communication Workers’ Union over pay and modernisation.

In terms of nationwide disruption to both businesses and consumers, the eight-day strike at the Port of Felixstowe in Suffolk — Britain’s biggest gateway to global trade — could disrupt supplies to supermarkets and exports until Christmas. Dockworkers are demanding a pay rise because retail prices inflation is at 12 per cent and in recognition of the work they did to keep the economy going during the pandemic, when they accepted below-inflation pay settlements.

Maersk, the world’s largest shipping line, is cancelling calls into the port and is diverting traffic to Antwerp, Le Havre and London Gateway on the Thames.

Read more:
Strikes take their toll on multiple sectors

0
FacebookTwitterGoogle +Pinterest
previous post
Ofgem raises energy price cap by 80% to £3,549 from October
next post
Rising sales fail to boost retailers’ confidence for the future

You may also like

Kwasi Kwarteng defends tax cuts and dismisses market...

October 3, 2022

Flying High: Riadel Manzano’s Journey in Aviation

January 21, 2025

Economists forecast another 0.5-point rate rise next month

August 16, 2022

Fentimans warns glass tax could end 120 years...

September 5, 2024

Funding for UK start-ups falls to six-year low...

October 19, 2024

Billionaire husband of ‘Baroness Bra’ Michelle Mone taking...

January 14, 2024

Banks reining in SME lending according to new...

May 10, 2023

Bitedge.com’s Top Picks for No-KYC Crypto Betting Sites

September 17, 2024

Bank of England expected to hold interest rates...

March 20, 2025

CHASING LADY LUCK: WINNING A LOTTERY

August 9, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Lunar Loussia’s Rise: From Family Storefronts to Business Scale-Up

      August 1, 2025
    • Trump takes jab at GOP senator, urging Republicans to ‘vote the exact opposite of’ how she does

      August 1, 2025
    • Tech’s Next Frontier: Preparing Your Business for the Quantum Computing Revolution

      August 1, 2025
    • Sewing Bee star Lauren Guthrie threads new growth into Birmingham business

      August 1, 2025
    • Anneliese Dodds urges Labour to consider wealth tax to plug public finance gap

      August 1, 2025
    • PM urged to review North Sea oil policy after Trump calls it UK’s ‘treasure chest’

      August 1, 2025

    Categories

    • Business (8,648)
    • Investing (2,165)
    • Politics (16,272)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved