Business and Economics

London employers are struggling to find the talent they need to fill job roles, new data has revealed. There was a 6.6 per cent decline in candidate applications for new roles last month as Brexit uncertainty grips the market. Although London’s job market has remained largely resilient over the past few years there is a notable sense that professionals may be feeling tentative about making their career move. Average salaries for new roles in London rose by 2.1 per cent...

Controversial Brexiteer Arron Banks has won a planning battle against residents he described as "bleeding her liberals" and "rich soft Tories". The Leave.EU campaigner is director of a development company which wants to build six luxury homes in Bath, Somerset. Construction began a year ago but was suddenly halted in December when the contractor went into administration. Arron Banks - Credit:SWNS Residents then objected to the buildings, claiming some were bigger than the plans stated and others were in the...

HM Revenue and Customs (HMRC) is urging business owners in the Greater London area to prepare now and consider three steps to ensure their businesses can continue to trade with the EU if the UK leaves the EU without a deal. The first step businesses need to take is to register for an Economic Operator and Registration Identification (EORI) number. UK businesses that have only ever traded inside the EU will not have an EORI number. In the event of...

A ‘no deal’ Brexit could cause huge harm on the UK economy according to a new report. Over the next 15 years the economy could contract by 6 to 9 per cent, according to the Government report. Additionally there could also be food shortages as 30 per cent of food is imported from the EU. It is thought that food prices will rise as well. The report said: “In the absence of other action from government, some food prices are...

BiFab Trade Unions Warn: Prospect of no work from renewables projects would be ‘an absolute scandal’ BiFab trade unions GMB and Unite have warned that the prospect of no work coming to Fife from two major Scottish offshore renewables projects would be ‘an absolute scandal’. The Moray East and Kincardine offshore wind farm projects have a total value of around £2.8 billion and BiFab’s new Canadian owners DF Barnes have been actively pursuing contracts from both. However, the fabrication work...

The concept of equilibrium, one of the most central ideas in economics and one of the core assumptions in the vast majority of economic models, may have serious problems, concludes a study from the Institute for New Economic Thinking at the Oxford Martin School. The concept of equilibrium is the basis of many economic models, including models used by policymakers on issues like monetary policy, climate change, trade policy and the minimum wage. In a paper published today in Science Advances, Marco Pangallo,...

Honda is going to shut its Swindon car plant in 2022, with the loss of about 3,500 jobs. Local MP Justin Tomlinson said he had spoken to Honda, which confirmed it was consulting with "all staff". "There is not expected to be any job losses, or changes in production until 2021," Mr Tomlinson said. Des Quinn from Unite said: "The car industry in the UK over the last two decades has been the jewel in the crown for the manufacturing...

Reports say the car giant is set to announce the shutting of the plant in Swindon., Wilts, on Tuesday

Prominent Brexiteer Sir Jim Ratcliffe is to relocate to Monaco in a bid to save up to £4bn in tax, it has been reported. The Sunday Times revealed that the founder of the chemicals giant Ineos is working on a plan to avoid tax with accountancy firm PwC, which is also likely to involve senior executives Andy Currie and John Reece. The plan could deprive the Treasury of between £400 million and £4 billion in tax revenue. Speaking on the BBC1’s The Andrew Marr...