Business and Economics

Theresa May has announced plans to make employers reveal their ethnicity pay gap. It is hope this will identify extent of discrimination, in the workplace, on race grounds and that this will change in the future. Currently only 3 per cent of employers measure their ethnicity and disability pay gap. This announcement comes after the gender pay gap revealed huge discrepancies in cretin companies and sectors. Ms May said: “Every employee deserves the opportunity to progress and fulfil their potential...

An IMF report has concluded that the UK’s public finances are some of the worst on the planet. Since the banking crash of 2008 nearly £1tn has been slashed from the public sector, which is 50% of GDP. Bailing out the banking sector and public sector pension liabilities hugely contributed to the poor state of the UK’s public finances. Of 31 countries only Portugal was in a weaker position. The Gambia, Uganda and Kenya rank above the UK. Norway ranked...

Britain is one of the top EU member states opening its doors to criminals via Golden Visa schemes that allow corrupt individuals to gain residency-by-investment. A report released today by Transparency International and Global Witness has revealed at least six thousand passports and nearly 100,000 residency permits have been sold in the EU in the last decade. Spain, Hungary, Latvia, Portugal and the United Kingdom have granted the highest numbers of these – with over 10,000 each. Golden Visa schemes...

Worrying figures show the high street has hit a slump. In September retail sales increased by the lowest level for nearly a year. KPMG and the British Retail Consortium found like-for-like retail sales were down 0.2 per cent, while total sales increased 0.7 per cent. The BRC said this was the lowest growth rate since October 2017. Helen Dickinson, head of the British Retail Consortium said: "These figures lay bare the difficult operating environment for the retail industry. “After a...

The UK faces challenges that can only be solved through partnership. In its pre-Budget letter to the Chancellor, the CBI proposes ways to unlock enterprise, increase the country’s competitiveness and attract more investors, all aimed at lifting productivity and sharing prosperity. This is particularly important as the UK has the lowest level of business investment as a proportion of GDP in the G7, with the gap widening even further. To set the UK on the right path, Carolyn Fairbairn, the...

UK workers more likely to be given a ticking off over office chores than GDPR, according to new poll GDPR is back in the headlines after Facebook landed themselves in hot water following a data hack last month, which leads to the question are companies taking GDPR seriously? Well, according to new data released by office equipment specialist Fellowes recently, it doesn’t seem so. Following a poll of over 1,000 UK office workers, Fellowes found that employees were more likely to be...

Despite what positive corporate culture puff pieces on networks like LinkedIn might have you believe, many Brits are still bored senseless at work. According to a recent study on workplace satisfaction by The O.C. Tanner Institute, around 40 per cent of UK employees find their workplace duties mind-numbing. And although few people jump out of bed to face a day’s graft with boundless excitement, it’s still important to be in a job that’s as satisfying as possible. If you’re dreaming...

The ad stated “Uber - unsafe for passengers, unsafe for road users” and featured a hand reaching from a car window to grab a woman's purse from her handbag

Newcastle United and Sports Direct chief, Mike Ashley, has sacked a number of senior management at the department store he recently bought for £90m. In a one-sentence statement, Sports Direct said it had "dismissed the former directors and senior management of House of Fraser". Those departing the chain will include chief executive Alex Williamson. Mr Ashley has said he will turn the department store chain into the "Harrods of the High Street" and will try and keep most of its stores...