Business

The Government has accepted the LPC's recommendations for future minimum wage rates. The rates below will apply from 1 April 2019. Responding to today’s Low Pay Commission report on wages, Young Women’s Trust chief executive Dr Carole Easton OBE said:“The Government should go further than adopting the Low Pay Commission’s recommendations and extend the ‘national living wage’ to all workers. Allowing employers to pay young people lower wages for no other reason than their age, as the Government is doing,...

These job losses, on top of those at Cammell Laird and the announced closure of Appledore, show this Government’s industrial strategy is in tatters says GMBUnion GMB, the union for Bombardier workers, has criticised a Government Minister for ‘washing his hands’ of bombardier job losses. Richard Harrington, Minsters for Business, Energy, Innovation and Strategy, said "Bombardier is a private company and the Government has no role it's commercial decisions..." in Parliament today. Bombardier yesterday announced 490 job cuts in Northern Ireland...

Denise Coates, the multibillionaire founder and boss of gambling firm Bet365, paid herself £265m last year. This is a record-breaking pay deal for a chief executive of a British company. Denise's pay is over 9,500 times the average UK salary, and 1,300 times that paid to Theresa May. Luke Hildyard, a director of the High Pay Centre, said: “Why does someone who is already a billionaire need to take such an obscene amount of money out of their company? It...

Biggest November drop since 2012, with former hotspots hit hardest, says Rightmove The richest parts of the UK are feeling the brunt of the fall in property prices, according to website Rightmove. It is the biggest drop since November 2012. House prices have dipped over £5,000 on average. The biggest falls were in London, where the typical asking price fell by £10,793 (a fall of 1.7%) and in the south-east of England, where prices were down £8,647 (2.1%). “Higher-end, former...

The pound is plummeting after Dominic Raab, and three other prominent Ministers resigned the morning, following May's Brexit deal with the EU. The prospect of a 'no deal' Brexit is rising and the Pound is falling. The Pound-to-Euro exchange rate is quoted at 1.1334, the Pound-to-Dollar exchange rate at 1.2786. We are seeing huge +1% losses against the Australian and New Zealand Dollars. Commenting on the fall in Sterling following the resignation of Dominic Raab, Secretary of State for Exiting...

A new report shows it had its busiest October recorded

A comprehensive list of companies preparing to leave the UK after Brexit has been making the rounds on social media as Theresa May enters final negotiations with the EU, and makes for a sobering reminder of what lies in store for Britain. Many major industries face a significant shock when the country’s divorce from the European Union is delivered, with news that a $240-billion-a-day market is set to leave London for Amsterdam one of many devastating blows to the economy....

Twitter has reacted with fury over news that British Airways is reportedly seeking the support of the Spanish government to keep its planes flying in the event of a no-deal Brexit. Journalist Jonathan Haynes tweeted: “Brexit to make British Airways Spanish? Is this what people voted for?”, whilst Craig Grannell said “laughing stock doesn’t really cover it” following news that the company’s parent owner IAG will seek a closer alliance with Madrid to retain operating rights. EU rules state that...

November 10th marks the day women will effectively stop earning for the rest of the year relative to men. Equal Pay Day 2018 was calculated by women’s group the Fawcett Society and marks the day when the average male’s pay outstrips that of women in comparative jobs. The date has been the same for the past 2 years highlights the startlingly fact the gender pay gap is not closing. Maike Currie, investment director for Fidelity International below, said: “The Equal...