Elon's Vision
  • Contacts
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Elon's Vision
No Result
View All Result
Home Investing

Strikes take their toll on multiple sectors

by
August 26, 2022
in Investing
0
Strikes take their toll on multiple sectors
0
SHARES
13
VIEWS
Share on FacebookShare on Twitter

Six per cent of businesses were affected by industrial action last month as disputes over pay, jobs and working conditions led to worker protests.

Of businesses affected by strikes, nearly a third said their workforces had not been able to perform their roles as a result, while another 20 per cent said staff had been forced to work from a different location. Healthcare and social work were affected most, comprising about 10 per cent of businesses hit by industrial action last month.

The proportion of businesses reporting strikes was roughly the same as in June, according to figures from the Office for National Statistics.

Thousands of workers across several sectors have taken or are considering taking strike action over pay offers that fall short of inflation, which hit 10.1 per cent in July and is expected to rise further, with widespread industrial action billed as the biggest in Britain since the 1980s.

Railway unions are in dispute with the government and railway companies over pay, job cuts and changes to the terms and conditions of their work. Strikes in recent weeks left a fifth of trains running on some days, with no service in parts of the country. No further strike dates have been set but it is likely there will be more.

Barristers are going on strike indefinitely from September 5 in a row with the government over pay, conditions and legal aid funding. Four days of postal strikes that begin today are expected to deliver a £100 million blow to Royal Mail, which is in a dispute with the Communication Workers’ Union over pay and modernisation.

In terms of nationwide disruption to both businesses and consumers, the eight-day strike at the Port of Felixstowe in Suffolk — Britain’s biggest gateway to global trade — could disrupt supplies to supermarkets and exports until Christmas. Dockworkers are demanding a pay rise because retail prices inflation is at 12 per cent and in recognition of the work they did to keep the economy going during the pandemic, when they accepted below-inflation pay settlements.

Maersk, the world’s largest shipping line, is cancelling calls into the port and is diverting traffic to Antwerp, Le Havre and London Gateway on the Thames.

Read more:
Strikes take their toll on multiple sectors

Previous Post

How Does a Commercial Law Service Help You in Business Matters?

Next Post

Ofgem raises energy price cap by 80% to £3,549 from October

Next Post
Ofgem raises energy price cap by 80% to £3,549 from October

Ofgem raises energy price cap by 80% to £3,549 from October

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest

Jay Bhattacharya on Public Health

October 12, 2021

That Bangladesh Mask Study!

December 1, 2021

Antitrust Regulation Assumes Bureaucrats Know the “Correct” Amount of Competition

November 24, 2021
Pints of champagne could be the next ‘Brexit dividend’

Pints of champagne could be the next ‘Brexit dividend’

December 24, 2021

“UK Businesses Encouraged by SocialBox.Biz to Prioritize ‘Calling Before Scrapping’ for a Year of Positive Social and Environmental Impact”

0

0

0

0

“UK Businesses Encouraged by SocialBox.Biz to Prioritize ‘Calling Before Scrapping’ for a Year of Positive Social and Environmental Impact”

October 14, 2025

“Canada Super 60: Brampton Blitz Dominates Montreal Royal Tigers to Claim Inaugural Championship”

October 14, 2025

KFC shares global blueprint to fight child hunger

October 14, 2025

How Civil Rights Activists use the Fourteenth Amendment to Bypass the First Amendment

October 14, 2025

Recent News

“UK Businesses Encouraged by SocialBox.Biz to Prioritize ‘Calling Before Scrapping’ for a Year of Positive Social and Environmental Impact”

October 14, 2025

“Canada Super 60: Brampton Blitz Dominates Montreal Royal Tigers to Claim Inaugural Championship”

October 14, 2025

KFC shares global blueprint to fight child hunger

October 14, 2025

How Civil Rights Activists use the Fourteenth Amendment to Bypass the First Amendment

October 14, 2025

Disclaimer: ElonsVision.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Contacts
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 ElonsVision. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 ElonsVision. All Rights Reserved.