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Rise of the Pips is a reminder to employees that no one is irreplaceable

www.theguardian.com 05-01-2025 01:00 1 Minutes reading

Performance improvement plans are often a precursor of dismissal but workers can make themselves harder to fire

If there’s one thing I’ve learned about large, corporate customers is that trying to get anything done with their employees between 15 December and 15 January is impossible. Nearly everyone’s on vacation. And, c’mon, let’s all agree: the ones who aren’t on vacation aren’t working very hard.

You can’t blame them. They’re getting their paychecks. They’ve earned their four weeks of time off. Most small businesses can’t do this. We have cashflow challenges. We don’t have the luxury to sit back and collect our pay. We need to get contracts signed, bills paid and products approved and that’s made infinitely more difficult when our corporate counterparts are still drinking eggnog and watching Hallmark movies instead of being at work. But if you work for a big corporation, you better be careful. And don’t say you haven’t been warned.

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Halifax says house prices dipped by 0.2% in December while annual price growth slowed to 3.3%

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

UK house prices finished 2024 up 3.3% over the year, with the average property value falling slightly in December, according to a major mortgage lender.

December 2024 was one of the busiest Decembers in years in terms of buyer demand. This was driven by first-time buyers who were keen to get on the property ladder before this year’s changes to Stamp Duty but also by second-steppers, including young families, wanting to upsize.

We believe that UK growth is likely to slow, as employer tax increases, and their potential impact on prices and employment, begin to filter through into the economy.

8.30am GMT: Eurozone, France, Germany, Italy HCOB Construction PMI for December

9am GMT: Italy Unemployment rate for November (previous: 5.8%)

10am GMT: Eurozone inflation for December flash (previous: 2.2%, forecast: 2.4%)

10am GMT: Eurozone unemployment rate for November (previous: 6.3%)

1.30pm GMT: US Trade for November

3pm GMT: US ISM Services PMI for December

3pm GMT: US JOLTs Job Openings for November

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