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October 22, 2018 by Admin

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TUC calls for target of 1m manufacturing and hi-tech jobs by 2030 December 12, 2018
Report says government’s industrial strategy has made little progress one year onThe Trades Union Congress has called on the government to set a target to create 1m manufacturing and high-tech jobs by 2030 to bolster its industrial strategy.In a report on the government’s flagship industrial policy, which launched a year ago, the unions’ umbrella group […]
Major tube upgrades shelved as TfL struggles to balance books December 11, 2018
Capital’s transport authority faces shortfall due to Crossrail delays and government cutsPlans to upgrade major parts of the London Underground will be put on hold after a decline in passenger numbers, government cuts and delays to the opening of Crossrail have left the capital’s transport authorities struggling to balance the books. Related: Delayed Crossrail could […]
MySale shares plunge by more than 50% after profits warning December 11, 2018
£27m wiped off paper value of flash sale site part-owned by Philip Green and Mike Ashley MySale, the online flash sale retailer part-owned by Sir Philip Green and Mike Ashley, has issued an unexpected profits warning, prompting a plunge in shares that wiped out almost half the company’s market value.It said in an unscheduled trading […]
Fracking paused in Blackpool after biggest tremor to date December 11, 2018
Minor quake near Cuadrilla site is on par with one in 2011 that led to moratoriumResidents of Blackpool have reported feeling the tremors of an earthquake from nearby fracking operations that started two months ago.The minor earthquake was not only the biggest yet but was on a par with one in 2011 that led to […]
Retail data suggests UK political turmoil taking its toll this Christmas December 11, 2018
Figures from John Lewis, Tesco and Sainsbury’s point to subdued consumer activityPoor figures from John Lewis, and a slowdown at Tesco and Sainsbury’s has raised fresh concerns that the uncertain political climate is taking its toll on consumer confidence this Christmas.December is the most lucrative time of the year for the retail sector but John […]
The labour market is thriving – but rates won't be rising just yet | Larry Elliott December 11, 2018
Despite high employment levels and good pay growth, Brexit uncertainty will weigh heavily on the economy for some timeEmployment is at record levels. Firms are struggling to hire workers. Pay growth is back to levels last seen before the financial crisis of a decade ago. So what does the Bank of England do?In normal circumstances, […]
UK workers get biggest pay rise in a decade December 11, 2018
Average weekly earnings rose by 3.3% in October despite jump in unemployment British workers secured their biggest pay rise in a decade in October, despite a rise in unemployment that revealed cracks in Britain’s previously robust labour market ahead of Brexit.Average weekly earnings, including bonuses, rose by 3.3% on the year, the biggest rise since […]
George HW Bush was fiscally responsible – unlike Donald Trump | Jeffrey Frankel December 11, 2018
The late president tried to tackle the budget deficit by doing a deal with Democrats to raise taxesWhen George HW Bush was laid to rest last week, the encomiums appropriately remarked on his general decency and competence, which tended to be followed by a “but”. For journalists and historians, it is “but he was only […]
IMF warns storm clouds are gathering for next financial crisis December 11, 2018
Deputy head David Lipton says global banking system is not prepared for another downturnThe storm clouds of the next global financial crisis are gathering despite the world financial system being unprepared for another downturn, the deputy head of the International Monetary Fund has warned.David Lipton, the first deputy managing director of the IMF, said that […]
WPP advertising group to cut 3,500 jobs in £300m restructuring December 11, 2018
Firm to shut or merge almost 200 offices worldwide months after Martin Sorrell’s exitWPP is to cut 3,500 jobs worldwide and shut or merge almost 200 offices as the embattled advertising group seeks to restructure after a torrid year that included the exit of its founder and chief executive, Sir Martin Sorrell.The restructuring, which will […]