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Sector’s largest union suspends action following improved deal from Network Rail
Industrial action remains set to go ahead next week but Aslef union cancels plan for subsequent stoppages at LNER
Aslef outlines ‘rolling programme’ of walkouts at 16 train companies
...Philip Lane, ECB chief economist, said in an interview last week that it would “take time to have a good understanding of whether the wage settlements are decelerating”....
...“The MPC will need to see pay growth subside further before it seriously contemplates bringing interest rates down,” said Philip Shaw, economist at Investec....
...Philip Lane, ECB chief economist, seemed to signal this by saying recently: “By our June meeting, we will have those important data.”...
...Philip Shaw, economist at Investec, said the MPC had recently “started to overpredict inflation” after underestimating inflationary pressures in 2021....
...Philip Shaw: It will be on its way to winning, but probably inconclusively....
...Philip Shaw, economist at Investec, said Tuesday’s figures should be taken “with a huge pinch of salt”....
Companies rely on ‘resilient consumer’ as post-pandemic cross-border spending jumps
...Philip Shaw, economist at Investec, said unless pressures in the labour market turned out to be “considerably more durable than we believe . . . we should be close to the terminal level of bank rate”....
...“The committee has moved away from its reliance on forecasting models and is now placing more weight on judgment and risks,” said Philip Shaw, economist at Investec....
...Additional reporting by Philip Georgiadis and Sarah Neville...
NHS ‘in limbo’ after Royal College of Nursing calls for 48-hour walkout affecting critical care
Consultative ballot comes as government prepares for talks with other health unions
Dispute with train operating companies continues, however, with more strikes planned next week
Hundreds of thousands of public sector workers walk out and vow to continue protests until pay demands are met
Unison hits out at government after being excluded from talks on health service workers’ pay
...Professor Philip Banfield, chair of council at the BMA, said that “restoring junior doctors’ pay should not be an unworkable proposition for talks” but also suggested that there could be some flexibility...
GMB announces four more walkouts in February and March as it calls on government to ‘talk pay now’
Hundreds of thousands of public sector workers set to walk out on Wednesday in co-ordinated action
...“For central banks that believe they have a lot more tightening to do, for now it’s business as usual,” said Philip Shaw, economist at Investec. “Those that aren’t sure could put rates on hold....
Nursing union vows ‘sharp increase’ in action as data find almost 500,000 days lost to strikes in November
Pressure mounts on ministers to increase wages of health workers amid latest walkout by ambulance staff
Ministers explore concession over train drivers to try to end protracted industrial action on railways
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