UK unemployment drops to 1.49m

UK unemployment fell by 64,000 to 1.49 million in the three months to May, official figures show. It meant the unemployment rate fell by 0.2% to its lowest since 1975, at 4.5%, the Office for National Statistics (ONS) added. But wage increases continued to fall further behind inflation. Excluding bonuses, earnings rose by 2.0% year-on-year.

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Tories will not do deals with late payers

The Conservative Party has said it would not allow late payers to bid for government contracts if it is re-elected. In their manifesto, the party said it would use the government’s buying power to ensure large contractors complied with the Prompt Payment Code on both government and non-government contracts. “If they do not do so,

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BT to shed 4,000 jobs in new overhaul

BT is to shed 4,000 jobs worldwide over the next two years and is stripping the chief executive of his annual bonus. The telecoms giant said the job cuts would fall on back-office and managerial sectors as it simplifies its Global Services operations. The shake-up follows an accounting scandal at the Italian part of Global

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