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Hundreds of Entertainers Sign Letter in Support of Israel
  + stars: | 2023-10-12 | by ( Oct. | At P.M. | ) www.usnews.com   time to read: +2 min
LOS ANGELES (Reuters) - Over 700 people from the entertainment industry, including actors Gal Gadot, Michael Douglas and Jerry Seinfeld, signed an open letter in support of Israel in its conflict with Hamas, the Creative Community for Peace said on Thursday. CCFP, a non-profit entertainment industry organization, said the letter was the first of its kind and "a call from the entertainment industry unequivocally voicing support for Israel and condemning Hamas' terrorism." Gadot, the Israeli actor who shot to fame playing Wonder Woman, said she hoped the world remains steadfast in its support of the Israeli people. I’m praying for everyone who has been affected by Hamas’ terrorism and brutality," she said in the press release for the open letter. The letter also urges people to remember "the horrific images that came out of Israel."
Persons: Gal Gadot, Michael Douglas, Jerry Seinfeld, Kan, Gadot, Liev Schreiber, Chris Pine, Amy Schumer, Jamie Lee Curtis, Ryan Murphy, Antoine Fuqua, Haim Saban, Mary Milliken, Howard Goller Organizations: ANGELES, Reuters, Hamas, Creative Community, Peace, Israel, Power Rangers Locations: Israel, Gaza, Hollywood
UK set to have weakest growth among G7 in 2024, IMF forecasts
  + stars: | 2023-10-10 | by ( ) www.reuters.com   time to read: +1 min
People walk through the 'More London' business district with Tower Bridge seen behind in London, Britain, March 16, 2023. British gross domestic product will expand by an estimated 0.6% in 2024, the IMF said, down from a previous forecast of 1.0% and weaker than growth of 0.9% and 1.3% expected for Germany and France respectively. In 2023, Britain's growth forecast of 0.5% was the G7's second weakest after a 0.5% contraction projected for Germany. Prime Minister Rishi Sunak is under pressure from within his Conservative Party to cut taxes and boost the economy before a national election expected next year. Writing by William Schomberg; editing by David MillikenOur Standards: The Thomson Reuters Trust Principles.
Persons: Toby Melville, Rishi Sunak, William Schomberg, David Milliken Organizations: REUTERS, Seven, International Monetary Fund, Bank of England, Conservative Party, Labour Party, Thomson Locations: London, Britain, Germany, France
Opponents of caste discrimination say it is no different from other forms of discrimination like racism and hence should be outlawed. In vetoing the bill, officially called Senate Bill 403 or SB 403, Newsom cited existing laws that already prohibit ancestry discrimination, which he said made the bill "unnecessary." U.S. discrimination laws ban ancestry discrimination but do not explicitly mention a ban on casteism. The caste system is among the world's oldest forms of rigid social stratification. The Dalit community is on the lowest rung of the Hindu caste system and members have been treated as "untouchables."
Persons: Carlos Barria, Gavin Newsom's, Newsom, Suhag Shukla, Thenmozhi Soundararajan, Soundararajan, Samir Kalra, Kanishka Singh, Mary Milliken, Grant McCool, Mark Porter Organizations: REUTERS, Activists, University of California, Hindu American Foundation, American Foundation, Equality Labs, Migration Policy Institute, American Civil Liberties Union, ACLU, Amnesty, MeToo International, Thomson Locations: San Francisco, California, U.S, Berkeley, United States, South, India, Orange County, Washington
In vetoing the bill, officially called Senate Bill 403 or SB 403, Newsom cited existing laws that already prohibit ancestry discrimination, which he said made the bill "unnecessary." U.S. discrimination laws ban ancestry discrimination but do not explicitly mention a ban on casteism. The Dalit community is on the lowest rung of the Hindu caste system and members have been treated as "untouchables." India outlawed caste discrimination over 70 years ago. Opponents of caste discrimination say it is no different from other forms of discrimination like racism and hence should be outlawed.
Persons: Carlos Barria, Gavin Newsom's, Angana, Newsom, Suhag Shukla, Thenmozhi Soundararajan, Soundararajan, Samir Kalra, Kanishka Singh, Mary Milliken, Grant McCool, Mark Porter Organizations: REUTERS, University of California, Hindu American Foundation, American Foundation, Equality Labs, Migration Policy Institute, American Civil Liberties Union, ACLU, Amnesty, MeToo International, Thomson Locations: San Francisco, California, U.S, United States, Berkeley, South, India, Orange County, Washington
Partly finished houses are seen on a new housing development under construction in Liverpool, Britain June 2, 2023. The all-sector PMI - which includes services, manufacturing and construction - edged down to 48.2 in September, its lowest since January 2021. The house-building index dropped to 38.1 from 40.7 - its lowest since April 2009, apart from two months in 2020. Commercial construction also fell as clients grew more concerned about the economic outlook and civil engineering saw the steepest decline in over a year. Alongside the weaker activity, the survey showed the biggest rise in subcontractors' availability in 14 years and more stable input costs after steep rises between mid 2020 and mid 2023.
Persons: Phil Noble, Tim Moore, Rishi Sunak, Sunak, David Milliken, Toby Chopra Organizations: REUTERS, P, Reuters, PMI, P Global Market Intelligence, Nationwide, Bank of, Thomson Locations: Liverpool, Britain, August's, Bank of England, London, Manchester, Birmingham
For his manager, Barrie Chapman, the overtime he now gets is a huge boost once unheard of in the hospitality sector. At its "Alcampo Lounge" venue in Brighton, staff can get a free meal per shift, flexible hours, bonuses, and overtime for salaried employees. "There's been a trend in hospitality to work staff hard, to not treat them very well, because there was always another person that would come in," said head chef Chris Lloyd-Rogers. "That's why people leave work, and it's what brings people back," Wilson said. Recruitment website Indeed said its regular survey of job seekers showed that the most highly valued benefits were flexible working and sick pay.
Persons: Josh Hughes, Davies, Barrie Chapman, Jen Eaton, Nick Collins, Eaton, Chapman, Hughes, Spencer, Britain's, Loungers, There's, Chris Lloyd, Rogers, Tony Wilson, Wilson, Sarah Findlater, Fiona Walters, Amit Puntambekar, Puntambekar, James Davey, Kate Holton, David Milliken, David Clarke 私 Organizations: Reuters, Amazon, Tesco, Global, Office, National Statistics, Britain, EU, Institute for Employment Studies, Organisation for Economic Co, IES Locations: BRIGHTON, England, Brighton, Britain, Cambridge, London
UK factory activity slows sharply in September - PMI
  + stars: | 2023-10-02 | by ( David Milliken | ) www.reuters.com   time to read: +2 min
LONDON, Oct 2 (Reuters) - British manufacturing activity slowed sharply in September, though less steeply than the month before when it shrank at the fastest rate in more than three years, a survey showed on Monday. Output, new orders and employment were all cut back further, amid weaker intakes of new work from both domestic and overseas clients," S&P Global said. The most recent official data showed British manufacturing output fell 0.8% in July although volumes were 3.0% higher than a year earlier. S&P said 55% of manufacturers expected growth over the next 12 months, fewer than in August, while 9% expected a contraction. "Optimism was linked to a hoped-for market recovery, planned growth initiatives and a more stable inflationary environment," S&P said.
Persons: David Milliken, Hugh Lawson Organizations: P, P Global, Manufacturers, Bank of England, Thomson Locations: Europe, United States, China, Brazil
Ukraine's President Volodymyr Zelenskiy welcomes British Defence Secretary Grant Shapps before a meeting, amid Russia's attack on Ukraine, in Kyiv, Ukraine, in this handout picture released September 28, 2023. Britain has provided five-week military training courses to around 20,000 Ukrainians over the past year, and intends to train a similar number going forward. In an interview with the Sunday Telegraph newspaper, Shapps said there was scope to offer military training within Ukraine after a discussion on Friday with British military chiefs. Shapps added that he hoped British defence companies such as BAE Systems (BAES.L) would proceed with plans to set up arms factories in Ukraine. Prime Minister Rishi Sunak made Shapps defence minister on Sept. 1, after the resignation of his predecessor Ben Wallace.
Persons: Volodymyr Zelenskiy, Grant Shapps, Shapps, Rishi Sunak, Ben Wallace, David Milliken, Daniel Wallis Organizations: British, Presidential Press Service, REUTERS, Sunday Telegraph, BAE Systems, Ukraine's, Russia, Thomson Locations: Ukraine, Kyiv, Britain, Russia, British
To date, Britain and its allies have avoided a formal military presence in Ukraine to reduce the risk of a direct conflict with Russia. Britain has provided five-week military training courses to around 20,000 Ukrainians over the past year, and intends to train a similar number going forward. In an interview with the Sunday Telegraph newspaper, Shapps said there was scope to offer military training within Ukraine after a discussion on Friday with British military chiefs. Shapps added that he hoped British defence companies such as BAE Systems would proceed with plans to set up arms factories in Ukraine. Prime Minister Rishi Sunak made Shapps defence minister on Sept. 1, after the resignation of his predecessor Ben Wallace.
Persons: Grant Shapps, Shapps, Volodymyr Zelenskiy, Rishi Sunak, Ben Wallace, David Milliken, Daniel Wallis Organizations: Sunday Telegraph, BAE Systems, Ukraine's, Russia Locations: Ukraine, Britain, Russia, British
"We know that the British economy recovered faster from the pandemic than anyone previously thought and data out today once again proves the doubters wrong," finance minister Jeremy Hunt said. And that's before the full drag from higher interest rates has been felt," said Ruth Gregory, deputy chief UK economist at Capital Economics. The upward revisions were concentrated in 2020 and 2021, during the height of the pandemic and immediate aftermath. Growth in 2021 was revised to 8.7% from 7.6%, while the size of 2020's historic slump was reduced to 10.4% from 11.0%, in line with preliminary guidance on Sept. 1. Growth in 2022 was revised up to 4.3% from 4.1%.
Persons: Rachel Adams, Jeremy Hunt, Ruth Gregory, Thomas Pugh, Capital's Gregory, David Milliken, Andy Bruce, William James, Toby Chopra Organizations: Oxford, REUTERS, National Statistics, European Union, Capital Economics, The Bank of England, RSM, Reuters Graphics Reuters, ONS, Thomson Locations: Britain, London, Germany, France, United States, Japan, Italy, Canada, Ukraine
The U.S. State Department considers Tamaulipas, where the two cities are located, to be the most dangerous state along the U.S.-Mexico border. Tens of thousands of people a day are competing for 1,450 slots, according to U.S. Customs and Border Protection (CBP). U.S. authorities temporarily suspended CBP One appointments in June in another Tamaulipas border city, Nuevo Laredo, due to "extortion and kidnapping concerns," the official said. Juan Rodriguez, head of the Tamaulipas migrant services agency, said the agency was "attentive" to the issue. Additional reporting by Jackie Botts in Mexico City, Daniel Becerril in Reynosa and Matamoros, and Kristina Cooke in San Francisco.
Persons: Wong, Luis Miranda, Joe Biden's, Biden, Bertha Bermúdez Tapia, Miranda, Olivia Lemus, Lemus, Juan Rodriguez, Laura Gottesdiener, Ted Hesson, Mica Rosenberg, Beth Solomon, Jackie Botts, Daniel Becerril, Kristina Cooke, Mary Milliken, Suzanne Goldenberg Organizations: REUTERS, Reuters, U.S . Department of Homeland Security, U.S . State Department, New Mexico State University, Gulf Cartel, Northeast, U.S . Customs, Border Protection, CBP, DHS, Biden, The U.S . State Department, Carolina, Thomson Locations: U.S, Mexico, New Jersey, REYNOSA, Mexican, Reynosa, Venezuela, Carolina, Matamoros, Tamaulipas, United States, Washington, Nuevo Laredo, Central, Northern Mexico, Chicago, The, Honduran, Venezuelan, New York City, Mexico City, San Francisco
A pedestrian walks past the Bank of England in the City of London, Britain, September 25, 2023. REUTERS/Hollie Adams Acquire Licensing Rights企業 Bank of England フォローLONDON, Sept 29 (Reuters) - The Bank of England wrote to lenders on Friday to urge them not to underestimate the risk of loan defaults as higher inflation and increased interest rates hit more vulnerable borrowers. However, in its letter to lenders, the BoE said they needed to look beyond aggregate risks and should identify whether particular types of borrower had specific vulnerabilities. Banks, for example, could look at spending patterns in their customers' current accounts and whether they had fixed-rate mortgages which would soon need to be refinanced at higher rates, the BoE suggested. It said for business lending, banks should not rely on a broad sector-based approach to risk and instead should in some cases consider specific companies' liquidity risks.
Persons: Hollie Adams, BoE, Victoria Saporta, Wilko, Banks, David Milliken, Kylie MacLellan 私 Organizations: Bank of England, City of, REUTERS, 企業 Bank of England, prudential, Wales Locations: City, City of London, Britain, England
REUTERS/Phil Noble/File Photo Acquire Licensing RightsLONDON, Sept 28 (Reuters) - More Britons made enquiries with estate agents about potential house purchases over the past four weeks as mortgage rates started to fall, breaking a downward trend which has been in place since April, property website Zoopla said on Thursday. "Better news on inflation and the end of base rate increases has provided scope for lenders to start reducing mortgage rates which has supported a modest uptick in demand for homes," Zoopla's executive director, Richard Donnell, said. Weekly mortgage data collated by property website Rightmove showed the average interest rate for a mortgage with a two-year fixed rate fell from an average of 6.41% in August to 6.07% this week. This still represents a sharp increase from 4.60% a year ago, when mortgage rates had already begun to climb after bond markets baulked at the then-Prime Minister Liz Truss' budget plans as well as BoE tightening. Mortgage lender Halifax said house prices in August were 4.6% lower than a year earlier, the sharpest drop in 14 years.
Persons: Phil Noble, Zoopla, Richard Donnell, Rightmove, Liz Truss, BoE, David Milliken, William James Our Organizations: REUTERS, Royal Institution, Chartered Surveyors, Thomson Locations: Knutsford, Britain, Halifax
LONDON, Sept 26 (Reuters) - British workers took the most sick leave in more than a decade during the past year, a survey of employers showed on Tuesday, adding to signs of a lasting increase in ill health since the COVID-19 pandemic. The Chartered Institute of Personnel and Development (CIPD) said a survey of several hundred employers showed the average employee took 7.8 days of sick leave during the past year. External factors like the COVID-19 pandemic and the cost-of-living crisis have had profound impacts on many people's wellbeing," said Rachel Suff, the CIPD's senior employee wellbeing advisor. Public-sector staff took over two weeks' sick leave on average, nearly twice as much as employees in private-sector services firms. More than a third of employers said COVID-19 remained a significant cause of short-term absence, although minor illnesses, injuries and mental ill health were all more common reasons.
Persons: Rachel Suff, David Milliken, William James Our Organizations: Chartered Institute, Personnel, Public, National Statistics, Thomson
Slump in UK retail sales eases in September, CBI says
  + stars: | 2023-09-25 | by ( ) www.reuters.com   time to read: +2 min
The CBI's September monthly retail sales survey - conducted between Aug. 25 and Sept. 13 - showed the headline balance rebound to a three-month high of -14 from August's more than two year low of -44. "There are some elements of optimism in our survey with retailers expecting the recent fall in sales to continue to ease," CBI Principal Economist Martin Sartorius said. Retailers' expected sales balance for October rose to a three-month high of -8. Britain's most recent official retail sales data showed a 0.8% month-on-month growth in sales volumes in August after a sharp 1.1% drop in July, when unusually wet weather upset normal summer spending patterns. The chief executive of supermarket Aldi UK said on Monday that cost of living concerns continued to influence food shopping habits.
Persons: Peter Nicholls, Martin Sartorius, David Milliken, Kylie MacLellan Organizations: REUTERS, of British Industry, CBI, Bank of, Aldi, Thomson Locations: London, Britain, Bank of England
[1/2] SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line outside Disney Studios in Burbank, California, U.S., July 25, 2023. Hollywood writers walked off the job in May, followed by actors in July. The motion picture and sound recording industries shed 17,000 jobs in August because of the strikes, according to U.S. government statistics. Writers and actors can apply for assistance from their unions, and some crew members are eligible for state unemployment benefits. In the meantime, stars including George Clooney, Dwayne Johnson and Meryl Streep have donated millions to Hollywood charities that assist industry workers.
Persons: Mike Blake, IATSE, Dejon Ellis, Kevin Klowden, Daniel Fox, Fox, Laura Seaman, Berry, Greg S, Tiffany Puterbaugh, Puterbaugh, I've, Gavin Newsom, George Clooney, Dwayne Johnson, Meryl Streep, Ellis, We're, it's, John Lithgow, Nicole Kidman, Andrea Tyler, Tyler, Lisa Richwine, Mary Milliken, Aurora Ellis Organizations: Writers Guild of America, Disney Studios, REUTERS, Rights, IATSE, Milken Institute, Star Wars, Hollywood, SAG, Netflix, Thomson Locations: Burbank , California, U.S, Rights BURBANK , California, Los Angeles, Hollywood, California, Georgia, New Mexico
Bill Maher arrives at the Vanity Fair Oscar party during the 94th Academy Awards in Beverly Hills, California, U.S., March 27, 2022. The WGA, on strike since early May, said they will resume talks on Wednesday. The WGA said it was "difficult to imagine" how Maher could host the show and still comply with strike rules. The proposed return of "The Drew Barrymore Show" to CBS drew picketers from the striking writers' and actors' unions as taping resumed last week. Following Barrymore, other popular talk shows, including "The Talk" and "The Jennifer Hudson Show" will not be returning during the WGA strike and the Screen Actors Guild strike.
Persons: Bill Maher, Danny Moloshok, Drew Barrymore, Maher, Barrymore, Jennifer Hudson, Danielle Broadway, Mary Milliken, Tomasz Janowski, Sandra Maler Organizations: REUTERS, HBO, Twitter, Writers Guild of America, WGA, CBS, Screen Actors Guild, Warner Bros, Discovery, Thomson Locations: Beverly Hills , California, U.S, Hollywood
Hollywood's janitors swept out of jobs by dual strikes
  + stars: | 2023-09-14 | by ( Jorge Garcia | ) www.reuters.com   time to read: +3 min
"You start to think your savings are not great, your medication is expensive, and other expenses to cover are difficult," said Cendejas, 43. Janitors - like caterers, carpenters and costume workers and other Hollywood trades - have been swept up in the economic downturn that has come with the so-called "hot labor summer" in Hollywood. Cendejas hopes the strikes will end soon, but she is not encouraged by what she has seen. While recovering from her surgery, she embroiders handmade napkins to sell and bring in some income for her home. [1/3]Former Hollywood studio janitor Yolanda Cendejas, 43, embroiders handmade napkins for extra income after being laid off due to the Hollywood strikes, in Los Angeles, California, U.S. September 6, 2023.
Persons: Yolanda Cendejas, Cendejas, Jorge Garcia, Karla Chavez, David Huerta, Huerta, Mary Milliken, Rosalba O'Brien Organizations: Hollywood, Los, REUTERS, Service Employees International Union, SEIU, Writers Guild of America, SAG, SEIU's United Service Workers, Netflix, Thomson Locations: Los Angeles, Mexico, Hollywood, Los Angeles , California, U.S
Output had risen 0.5% in June, and the economy grew 0.2% over the three months to the end of July. The data underlined signs that Britain's economy is weakening, perhaps by more than the Bank of England had expected ahead of its September interest rate meeting. "Either way, it does suggest that higher interest rates and sticky inflation are having a more significant effect on the economy." Unusually wet weather in July hurt output at retailers and in the construction sector, which fell 0.5%, the ONS said. Wednesday's data does not include recent, substantial upward revisions to the performance of Britain's economy up to the end of 2021.
Persons: Toby Melville, Sterling, BoE, Neil Birrell, Samuel Tombs, Andy Bruce, David Milliken, William James, Alison Williams Organizations: St Thomas ' Hospital, REUTERS, LONDON, National Statistics, Bank of England, Premier Miton, ONS, Thomson Locations: St, London, Britain, England
Workers walk through the Canary Wharf financial district, ahead of a Bank of England decision on interest rate changes, in London, Britain, August 3, 2023. The unemployment rate rose, the number of people in work fell sharply and vacancies dipped below 1 million for the first time in two years, the Office for National Statistics (ONS) said on Tuesday. Yet if incoming data doesn't turn definitively, another hike to a terminal rate of 5.75% is absolutely on the table." The unemployment rate rose to 4.3% in the three months to July from 4.2% a month earlier, its highest since the three months to the end of September 2021, the ONS said. Including bonuses, pay rose by 8.5% compared with the 8.2% consensus, boosted in part by backdated pay for healthcare workers.
Persons: Toby Melville, BoE, Hugh Gimber, they've, Andrew Bailey, Jeremy Hunt, Andy Bruce, David Milliken, Sachin Ravikumar, David Holmes Organizations: Bank of, REUTERS, Bank of England, National Statistics, Morgan Asset Management, Thomson Locations: Bank of England, London, Britain
As the series creator, he was keen to continue the story of the family in "Young Love," which premieres on Sept. 21 and runs for 12 episodes. "Hair Love" unpacks the story of a Black father named Stephen trying to do his seven-year-old daughter Zuri's hair for the first time while his wife Angela is in the hospital receiving chemotherapy for cancer. "Young Love" picks up after Angela's return home from treatment, exploring the life of the multigenerational family in Chicago, where Cherry grew up. "Young Love" is another chapter in the short film's expansion. "Hair Love" has already been adapted into a New York Times bestselling book, the Dove Kids Hair Love collection and used as a pillar in the passing of the CROWN Act, a bill that aims to end hair discrimination in the United States.
Persons: Matthew A, Cherry, Stephen, Angela, Issa Rae, Zuri, Angela's, Rae, Loretta Devine, Sheryl Lee Ralph, Kid Cudi, Henry Lennix, Cudi, Danielle Broadway, Eric Cox, Mary Milliken, Aurora Ellis Organizations: Reuters, YouTube, New York Times, Thomson Locations: Chicago, United States, Los Angeles
[1/5] Migrants look through the border fence towards food brought by aid workers after gathering between the primary and secondary border fences between Mexico and the United States where they await processing by U.S immigration in San Diego, U.S., September 12, 2023. Reuters images show people queuing around U.S. border patrol officers as they give directions. "We were hoping that they would be able to move quickly by the agency, provided the experience from May. Yet we have a situation of hundreds of people again waiting in between the two barriers." Reporting by Mike Blake and Jane Ross; Editing by Mary Milliken and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.
Persons: Mike Blake TPX, Adriana Jasso, Jasso, Hassan Hamza, Hamza, Mike Blake, Jane Ross, Mary Milliken, Aurora Ellis Organizations: REUTERS, DIEGO, Aid, . Customs, Protection, American Friends Service Committee, United Nations, Thomson Locations: Mexico, United States, San Diego , U.S, Africa, Asia, Latin, San Diego, U.S, Cameroon, West Africa, Colombia, Peru, Ecuador, Vietnam, Ghana, Brazil, America
REUTERS/Todd Korol/File Photo Acquire Licensing RightsLOS ANGELES, Sept 7 (Reuters) - Broadcast television networks kick off the fall TV season this month with strike-depleted lineups featuring game shows, reruns and a 72-year-old widower looking for love in the reality TV dating pool. The fall season has been a staple of American TV for decades, the time to roll out the best that broadcast TV has to offer. New episodes of scripted shows will be in much shorter supply. ABC's hit comedy "Abbott Elementary," Paramount Network's top-rated drama "Yellowstone" and NBC's long-running crime series "Law & Order" will show reruns. It’s time for Sad TV Fall," the Los Angeles Times wrote.
Persons: Kevin Costner, Todd Korol, Gordon Ramsay, Brad Adgate, ABC's, Abbott, We've, Dan Harrison, Guy, Steve Kern, Kern, Dick Wolf's, Frasier, Kelsey Grammer, Lisa Richwine, Mary Milliken, Jonathan Oatis Organizations: Calgary Stampede, REUTERS, Fox, CBS, Networks, Hollywood, Actors, Paramount, Walt Disney, Hot Labor, Sad, Los Angeles Times, Nielsen, ABC, Disney, Charter Communications, Fox Entertainment, NBC, NBC Entertainment, Paramount Global, Paramount Network, Netflix, Apple, Thomson Locations: Calgary , Alberta, Canada, Midwestern, U.S, Chicago, Sydney
Workers walk through the Canary Wharf financial district, ahead of a Bank of England decision on interest rate changes, in London, Britain, August 3, 2023. REC also reported that starting salaries rose at the joint-slowest pace since March 2021, although this was still a large increase by historic standards. A BoE survey on Thursday showed employers expect to raise wages by 5% over the coming year, above the 3-4% rate typical before the pandemic, when inflation stayed close to target. REC said there were "widespread reports" from its members that the pool of jobseekers had been swollen by increased redundancies. The REC surveyed around 400 recruitment agencies between Aug. 10 and Aug. 24.
Persons: Toby Melville, Neil Carberry, BoE, BoE Governor Andrew Bailey, jobseekers, David Milliken, Frances Kerry Organizations: Bank of, REUTERS, Confederation, REC, Bank of England, Thomson Locations: Bank of England, London, Britain
Halifax said house prices were 4.6% lower last month than in August 2022, when they were close to their peak. "House prices have proven more resilient than expected so far this year.... The Bank of England has raised interest rates 14 times since December 2021, taking rates to 5.25% in August. Rival mortgage lender Nationwide reported last week that house prices in August were 5.3% lower than a year earlier. Imogen Pattison, assistant economist at Capital Economics, said the bigger-than-expected fall in Halifax house prices supported the consultancy's forecast that house prices would drop a total of 10.5% by mid 2024.
Persons: Phil Noble, Halifax, Kim Kinnaird, Andrew Bailey, Imogen Pattison, David Milliken, Paul Sandle, Emelia Organizations: REUTERS, Halifax, Lloyds Banking Group, Bank of England, Nationwide, Capital Economics, Thomson Locations: Manchester, Britain, Halifax
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