News That Matters

Tag: still

Employment at record high – but wages still weak

Employment at record high – but wages still weak

Business
The UK's jobless rate hit its lowest level since 1975 - but average earnings continued to lag behind inflation in the three months to June, official figures show.Wages grew by 2.1% compared with the same period last year, the Office for National Statistics said.This is a slight increase on the previous March to May quarter when the ONS revised down its preliminary figure to 1.9%.However, once inflation is taken into account, total pay in real terms sank by 0.5% both including and excluding bonuses.It comes a day after official data showed inflation remained unchanged in July at 2.6%. Economists had expected it to climb to 2.7%.The figures are significant as they show a continuation in the squeeze on living costs, largely thanks to the collapse in the pound following the Brexit vote, which ...
Animal products will still be used for notes

Animal products will still be used for notes

Business
The Bank of England has decided to carry on using chemicals derived from animal products to make its new plastic banknotes despite an outcry.An extensive consultation saw the vast majority of those who responded say they were against the use of the additives.But the Bank said the alternative of using palm oil raised environmental concerns and would cost the Treasury an extra £16.5m over the next ten years.The Government told the Bank it did not believe a switch would be achieve value for money for taxpayers.Campaigners launched a petition last autumn after it emerged that the new plastic £5 note contained traces of an animal product derivative.The Bank launched a review following the outcry and earlier this year decided not to scrap the notes, though it said it would hold a public consulta

Sources say Kawhi Leonard's braids still intact, photo edited

Sports
June 21 (UPI) -- Twitter was sent into panic Tuesday night when a photo emerged of San Antonio Spurs star Kawhi Leonard without his trademark braids. Sources say the photo is a fake.People close to the 2017 NBA MVP candidate told the San Antonio Express-News that Leonard's braids are "still intact."#BraidGate began Tuesday when CBA player Xuewen Zhang posted a photo to Weibo. The photo featured Leonard posing with three other men. The defensive standout was hardly recognizable without his famous flow of cornrows.Fans were quick to take notice, going into a frenzy of displeasure regarding the supposed haircut.Several Twitter users posted memes and photos, shocked to see the development.Leonard played with braids through high school and college, before being drafted and traded by the Indiana...