Business and Economics

Business and Economics News

Modern consumers have developed a “I want it now” attitude

Modern consumers have developed a ‘want it now’ attitude – thanks to online shopping and social media, a study has found. As it becomes easier than ever before to get something within days - or even hours - of making a purchase, more than one in five admit they want instant gratification. One in 10 would expect an online order to arrive no later than the next day with some impatient shoppers not happy unless they can get what they...

No deal papers paint bleak outlook for British businesses

Businesses can expect a lot more red tape, extra bureaucracy and additional costs in the event of a no deal, the government’s initial papers reveal. Dominic Raab presented the first 24 of 80 papers prepared by the government to explain plans that would mitigate the impact of a no deal Brexit. The papers contain a host of new regulatory regimes, doubling up of registration and extra processes for British business and consumers. Before importing goods from the EU businesses will...

Low levels of unemployment doesn’t translate into “improved living standards in London”

UK unemployment fell by 65,000 to 1.36 million in three months to June - the lowest for more than 40 years. They also show a rise in productivity, but a slowdown in wage growth. The official figures from the Office for National Statistics (ONS) on unemployment revealed that: 5% unemployment in London is near record low (persons aged 16-64, April-June 2018), driven in particular by fewer young people and fewer women out of work. The young person (18-24 year old) unemployment...

Employers now favour experience over university degrees

Employers now favour relevant apprenticeships or experience over university degrees, a study has found. Researchers who polled 1,000 decision makers found 49 per cent prefer to see experience from a relevant apprenticeship or previous position on a candidate’s CV. Just 24 per cent said they would be more likely to take on someone who had a relevant degree qualification. The study was carried out by AAT (Association of Accounting Technicians) ahead of A Level results day on Thursday August 16th....

Outrage from devastated High Street as Amazon pays less tax in UK despite profits tripling

There has been an outcry after news emerged that the tax delivery giant Amazon pays in the UK has fallen despite profits almost tripling. Amazon’s turnover was nearly £2 billion in the UK and its profits leapt. Yet the internet delivery giant’s taxes fell, partly due to being able to pay some of the staff in shares. Amazon UK’s taxes fell to just £1.7 million last year, down from £7.4 million in 2016. Billionaire Jeff Bezos's company says it pays...

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