UK Faces Cash Shortage as G4S Cash Delivery Staff Vote to Strike
Hundreds of workers at British security company G4S voted to strike for 48 hours in early December in a wage dispute, according to the GMB union, warning that the strike could cause cash shortages over the Christmas period. G4S workers hand over cash and coins to banks, including Barclays, HSBC, and Santander, as well as […]
The UK is closing in on the inflation rate with double digits
UK inflation likely hit a new four-decade high above 9% in May. Underscoring the challenge for the Bank of England as it threatens faster interest rate hikes in response. A week after rising U.S. consumer prices prompted the Federal Reserve’s accelerated 75 basis point rise. That amid spasms in global financial markets. The British data […]