Business and Economics

More misery for five million public sector workers as their wages take yet another hammering GMB says public sector workers are at breaking point as inflation hits three per cent. The latest ONS figures show CPI is up to 3 per cent from 2.9 per cent - a five-and-a-half year high. The rise means more than five million public sector workers will see an even bigger real terms wage cut due to the pay cap. On average, each public sector...

It doesn’t matter if you’re a corporate giant like Apple, or a local business that sells actual apples; hiring international staff can have a variety of benefits. From diversifying work culture and building foreign partnerships, to skilled staff at a lower cost and acquiring specialist talent, there is always a reason to at least consider overseas employee relocation. But, despite the benefits of international employee relocation, there is often concern amongst recruiters about the expenditure of resources required for such...

Shock figures released by the Office of National Statistics (ONS) show that Britain is £490 billion poorer than was thought. Britain’s stock of wealth has fallen from a surplus of of £469 billion to a net deficit of £22 billion. The UK has totally lost its reserve of foreign assets, and is actually in a much more vulnerable deficit, losing any safety margin just Theresa May’s government is attempting a breakthrough in a crucial stage of Brexit negotiations. This massive...

Britain is officially a nation of shopkeepers – according to new research. An international study has revealed Britain is ranked as the fourth most micro-business dense country in the world, with 81 micro-businesses to every thousand people. The Czech Republic beats The United States and Indonesia to claim the title of country with the most micro-businesses per capita – with 89 micro-businesses for every thousand Czechs. The UK makes the top five ahead of Portugal, Slovakia and Iceland. Oliver Harcourt,...

When holding a conference for your business, your key aims should be to put together an event that creates impact and puts your brand front of mind, while encouraging delegates to attend your future events and use your products or services. To achieve all this, it’s essential that attendees don’t just engage with your conference and all it has to offer, but also don’t forget about it hours after they exit the venue doors. From standing out with a marketable...

Worrying signs have emerged that the BHS saga is set to repeat itself after the chair of the Work and Pension select committee said mega-rich individuals are set to walk away again from a collapsed company as ordinary people face pension woes. Monarch Airlines ceased trading earlier this month after running into financial issues. Its administration resulted in 110,000 passengers left stranded overseas and 300,000 future bookings cancelled, with 2,100 employees out of work. And now an influential group of MPs has...

The United Kingdom and Malaysia have strong economic ties and a long history of partnership in different fields of economy. What is even better is that these ties will get even stronger in the next period. Namely, UK Export Finance, the popular export credit agency from the United Kingdom, has decided to boost the support for the trade between Malaysia and the United Kingdom to record-high five billion Pounds or 28.35 billion Ringgits. This is definitely good news for the...

Rather than pretending it is their way or no way and that they are in some way above the law and therefore not bound to follow the laws of the land as all other employers are required to do, these companies need to play by the rules says GMB. GMB, the union for gig economy workers, today joined Uber, Amazon and Hermes workers to tell a parliamentary committee of MPs about the horrors of life in the gig economy. Speaking...

People who feel their work is integral to their lives and identity may actually find it difficult to sustain productivity over long periods of time, new research from Kings Business School suggests. According to Dr Michael Clinton, who studied the working lives of 193 Church of England ministers, people who view their career as an intense calling are less able to successfully disengage from work in the evenings which limits their energy levels the following morning. One would assume that these people...