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Striking rail maintenance staff paid 18pc more than market rate

Striking rail maintenance workers are already paid almost a fifth more than those doing comparative roles, the industry regulator has said. The Office of Rail and Road (ORR) said that workers demanding double-digit pay rises are already on salaries that are 18pc higher than “market comparators.” The independent analysis sheds fresh light on the bitter …

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NHS worker threatened to ‘rip colleague’s beard off’ after someone used his cup

An NHS hospital worker threatened to “rip a colleague’s beard off” because someone used his cup. Stephen Mullen flew into a rage and confronted fellow staff to ask who was responsible after he discovered a small amount of liquid left in his mug which he then spilt on himself, an employment tribunal heard. The supervisor …

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Vodafone merger talks with Chinese-owned rival trigger alarm over undersea cables

Vodafone is preparing the biggest test yet of takeover laws meant to protect national security with plans to merge its British operation – including its sensitive undersea cables – with a Chinese-owned rival. The FTSE 100 telecoms empire on Monday confirmed it is in talks to combine Vodafone UK with Threethe challenger network owned by …

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Dates for October walkouts and which lines are affected

Rail unions are staging a series of train strikes, which will affect the Conservative Party Conference this week. Members of the Rail, Maritime and Transport workers union (RMT) staged a walkout out on Saturday Oct 1 and further action is planned for Oct 8. Aslef, which represents train drivers, will strike across 12 train operating …

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How top Treasury sacking signaled trouble ahead for Kwasi Kwarteng

From December’s 0.8pc it more than doubled to 1.8pc in March. By the start of September it had doubled again to 3.2pc. After the mini-budget this crucial borrowing cost surged again. Officials homed in on the crunch point immediately and worked over the weekend lest an emergency intervention be needed. Political attempts to defend the …

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How the mini-Budget triggered a week of chaos in Britain’s property market

Britain’s banks had pulled a record 1,000 home loans from the market on Tuesday, more than double the 462 products removed during the pandemic in April 2020, according to Moneyfacts. By Thursday, 1,621 deals had disappeared from the market in the days since the mini-Budget. Virgin Money pulled its entire product range on Monday and …

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National Grid in urgent bid to import more gas – after exporting record amount

National Grid is racing to bolster gas reserves ahead of winter, amid concerns Britain will not be able to import enough from Europe as Russia’s war in Ukraine rattles markets. Bosses have put out a tender for extra gas to help manage any short-term disruption, as cuts to Russian supplies to the continent raise concerns …

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Leak reveals two-thirds opposed Sadiq Khan’s Ulez expansion

Seen as the Labor mayor’s flagship legacy project, the Ulez expansion followed the death of Ella Adoo-Kissi-Debraha nine-year-old girl who was the first to have air pollution listed as a cause of death following an asthma attack. Ulez critics, however, say that the £ 250m cost of building a network of cameras across the capital …

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American tourists are racing to Europe – and they’re here to spend

Not surprisingly, perhaps, tensions between the US and Europe are emerging. The US is growing alarmed by the prospect of economic contagion spreading from Britain and Europe, upsetting the stock market, piling on more debt and undermining the Federal Reserve Bank’s anti-inflation strategy. Trooping in to see Kwasi Kwarteng at 11 Downing Street on Wednesday …

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