Employers ramp up counter-offers to retain staff

Employers are increasingly turning to counter-offers to retain key staff as skills shortages persist, new research suggests. According to the Chartered Institute of Personnel and Development (CIPD), 51% of employers who use counter-offers as part of their retention...

Four in ten experienced scam attempt in the last year

Four in ten (41%) UK adults experienced a scam attempt in the last 12 months, with 14% falling victim to the scam, shows new research from Canada Life. The data also revealed that 26% of scam victims were unable to recover their stolen funds, losing an average of...

Corporate insolvencies down 6% in July

The number of company insolvencies dropped by 6% in the 12 months to July 2023, HMRC statistics reveal. There were 1,727 insolvencies last month compared to 1,931 in July 2022, which is still higher than levels seen pre-pandemic. Insolvencies were down by 22% compared...

Inflation falls to 6.8% in July

The average rise in prices slowed last month due to lower energy costs, but pressure remains on households, with good restaurant and hotel costs staying high. Inflation as measured by the consumer prices index rose by 6.8% in the 12 months to July 2023, down from 7.9%...