Junior Doctors in England Announce Historic Strike During Christmas Period
In a historic move, England’s junior doctors have announced a prolonged strike over the Christmas season, escalating a year-long dispute over pay amid a national cost of living crisis. The British Medical Association (BMA) confirmed the unprecedented action, with strikes planned from December 20 to 23 and January 3 to 9. Despite the government offering a 3.0% average pay rise, junior doctors argue it falls short amid soaring inflation. The decision to strike during the busiest time of the year has raised concerns about its potential impact on NHS services. The move reflects a broader trend of UK workers resorting to industrial action amid economic challenges.
NatWest shares plunge after warning on rising costs
NatWest’s shares fell as much as 9% on Friday after the British bank warned of rising costs, and as its third-quarter results were hit by a deteriorating UK economic outlook that prompted an increase in bad debt provisions.
UK banks start cutting ‘Truss premium’ from mortgage rates, but slowly
Having hiked mortgage rates after political turmoil drove up the cost of borrowing, British banks are now cutting home loan prices, albeit slowly, as markets calm since Liz Truss’s government collapsed and Rishi Sunak took power.
Deliveroo IPO puts London’s tech credentials to the test
LONDON (Reuters) -When food delivery firm Deliveroo joins the London stock market on Wednesday, it will be Britain’s biggest listing in a decade, even though some of the country’s leading investors – worth over $1 trillion between them – will be conspicuous by their absence. British Finance Minister Rishi Sunak has hailed the company’s decision […]
