Bank of England expected to leave interest rates on hold today, as wage growth slows and redundancies rise – business live
Latest labour market report shows earnings growth slowed in the last quarter, as ministers are urged to provide more health support for workersIn the property world, Norway’s sovereign wealth fund is buying a quarter of Covent Garden.The Norges Bank Investment Management has entered a partnership with landlord Shaftesbury, and will pay £570m for a 25% stake in the Covent Garden estate.This investment underscores our belief in the strength of London with the portfolio complementing our other high quality West End investments.Covent Garden is one of the world’s most recognised retail, leisure and cultural destinations and we look forward to supporting Shaftesbury Capital’s management team, with their strong track record of delivering the growth potential of this prime West End estate.”“The reforms I have announced will ensure everyone who can work gets the active support they need, including through an extra £1 billion for personalised health, skills and employment support for sick and disabled people.“We’ve already put in place measures to make work pay and improve job security - including through the National Minimum Wage increase and our Employment Rights Bill. Since the election, we’ve also seen year on year wages after inflation growing at their fastest rate in three years – worth an extra £1,000 a year on average in the pockets of working people. Continue reading...
Latest labour market report shows earnings growth slowed in the last quarter, as ministers are urged to provide more health support for workers
In the property world, Norway’s sovereign wealth fund is buying a quarter of Covent Garden.
The Norges Bank Investment Management has entered a partnership with landlord Shaftesbury, and will pay £570m for a 25% stake in the Covent Garden estate.
This investment underscores our belief in the strength of London with the portfolio complementing our other high quality West End investments.
Covent Garden is one of the world’s most recognised retail, leisure and cultural destinations and we look forward to supporting Shaftesbury Capital’s management team, with their strong track record of delivering the growth potential of this prime West End estate.”
“The reforms I have announced will ensure everyone who can work gets the active support they need, including through an extra £1 billion for personalised health, skills and employment support for sick and disabled people.
“We’ve already put in place measures to make work pay and improve job security - including through the National Minimum Wage increase and our Employment Rights Bill. Since the election, we’ve also seen year on year wages after inflation growing at their fastest rate in three years – worth an extra £1,000 a year on average in the pockets of working people. Continue reading...
