The average family is £700 worse off this year due to rising prices. According to the CEBR a typical family has just £130 of disposable income left after paying tax and bills.
The average increase in post tax earnings have risen by £19 to £545, this gain has been wiped out by an increase of £33 for food, bills and transport.
The opening of the new Debenhams store at Eagles Meadow in Wrexham will create around 170 new retail jobs. The department store will open on Thursday 30th October and it is expected to bring £1.8 million to the local economy.
Travelodge has revealed that it is building 22 hotels before Christmas, mainly as people seek out cheaper alternatives as the credit crunch bites. This will add a further 450 jobs to their existing staff tally of 5,000 in their 339 hotels.
The hotels are being built across the UK including Hertfordshire and East London.
New research shows that 22% of new recruits leave companies within the first six months of them starting. This high turnover is thought to be costing the UK employers market £69m per year. This statistic means firms are paying recruitment costs on these hires twice in a year.
Cost per hire can be reduced by hiring direct and only 25% of businesses use job boards to hire. It may also benefit firms to hire on a temp to perm basis. This would reduce the potential turnover considerably!
Travelodge has announced a massive expansion plan. It plans to open 22 new hotels across the country between now and Christmas.
It will create £125 million of new investment and 450 new jobs during this period. The new hotel sites inculde Cardiff, Edinburgh, Blacpool, Stratford-upon-Avon and locations near Heathrow and the Tower of London.
Travelodge has also gone into partnership with supermarket Aldi to develop hybrid retail-hotel developments with rooms above stores. These will be located in Middlesbrough and Newquay.
