Business and Economics

The Conservative Party assumes that people want lower taxes and the rolling back of the public sector, and under Thatcher that approach worked and kept the party in power for a long period of time. However, it appears that the British people are increasingly in favour of the opposite and welcome an increase in taxes and Govt spending, according to a new study. The research found that almost half of people in the British Isles want the Government to raise...

Region's industry nosedives in ‘massive problem for workers and local economy. The North West has haemorrhaged more than 77,000 manufacturing jobs in the past decade, a new study by GMB has shown. The figures were discussed at GMB’s annual Congress in Plymouth. They show that 77,700 jobs in the sector disappeared from 2006 to 2016, a massive fall of 18%. Between them the lost jobs have meant the North West has seen £725 million less paid in manufacturing wages in...

A full year has passed since the June 23 Brexit referendum. Britons voted by a margin of 52% to 48% to break from the European Union. The Brexiteers may not have known it at the time, but the long-term consequences of a Brexit have far-reaching implications for UK banks. For starters, banks in Britain are currently operating with full access to European markets. Those passporting rights will be affected in the absence of a negotiated settlement post-Brexit. On Monday, 20...

Los Angeles has been named as the top global city in the third publication of the Schroders Global Cities 30 index, narrowly beating London which took second place. US mega-cities dominated the latest index taking 18 of the top 30 places, including four of the top five spots. Los Angeles jumped from sixth place to first, whilst Boston saw one of the biggest leaps in the index going from 24th place to third place. Chicago jumped from 10th place to...

Grim retail figures have been released ahead of the one year anniversary of the European Union (EU) referendum. From 2016-2017, UK consumers, on a daily average, made 3,923,336 purchases online, but that number plummeted on key Brexit dates. The day referendum results were announced 1,642,100 purchases were made in the UK - a drop of 58 per cent against the daily average. The recent General Election also saw a significant dip and the day Article 50 was triggered saw levels stoop...

The recent skyrocket in Bitcoin’s market value has caused there to be a great deal of speculation about how long lasting this success will be and whether it is just a matter of time before it sees a significant crash (as was the case on previous occasions). As Bitcoin is decentralised by nature, it is possible that it will perform differently than other currencies as it is not controlled by any company, government or a particular organisation. Bitcoin, the very...

It's a wonderful milestone for a company when it reaches the point where it can expand into overseas operations. The term "multinational" is used to describe these firms, and the title of being a multinational corporation is one of distinction. A company that has become so successful as to have the opportunity to do business on other continents is held in the highest regard by everyone from stockholders to customers. Of course, it takes more than a terrific sales volume...

Employee morale is important for creating a positive work environment. High employee morale includes having a good attitude, feeling confident and satisfied. It is important for productivity levels in the workplace. Although as an employer you can’t decide whether your staff members have good morale, you can take action to influence it. Reward Hard Work Everyone likes their efforts to be noticed and it is even better if they are rewarded. Consider offering incentives like days out for employees who...

The Government must look after ordinarily working people as growth lowest for four years. GMB union has called for urgent action on the cost of living crisis as retail sales growth slumped to its lowest level for four years. Figures from the ONS this morning show that the annual retail sales growth rate was the lowest since April 2013. Non-food stores were the main contributing factors to this slowdown with an annual fall of 1.2% and predominantly food stores saw...