Business and Economics

The UK has haemorrhaged more than 600,000 manufacturing jobs in the past decade, a new study by GMB has shown. The figures, which are being discussed at GMB’s annual Congress in Plymouth today, show that 619,000 jobs in the sector disappeared from 2006 to 2016, a massive fall of 17 per cent. Between them the lost jobs have meant that £11.3 billion less has been paid in manufacturing wages in real-terms. In 2006 the UK supported 3.5 million permanent and temporary...

Whatever sort of business you run it is important that you present yourself appropriately to the public. Getting the uniform your staff wear right is a crucial part of this, especially in a public facing industry like the hospitality sector. Simon Jersey explain the important elements to keep in mind when bringing together the perfect uniform for hospitality staff and what they can accomplish for your business. Present the right image Getting your uniform right starts with understanding the sort...

At its core, business continuity is all about ensuring that your business is able to keep functioning at as close to full capacity as possible in the event of a major disaster. In order to make sure you’re sufficiently prepared for such an occurrence, you need to have a comprehensive plan in place. FSB take you through some business continuity essentials for your business. Preparation is key Let’s say, for example, that a fire has happened at your business. It...

A shocking new poll has revealed up to a third of the British workforce are in precarious employment. GMB, the union for gig economy workers, has revealed shocking statistics at that shows up to ten million people are currently in insecure work. The research, unveiled at the union’s 100th annual congress in Plymouth today, shows up to one in three of the workforce are now in precarious employment – defined as those in the gig economy, on zero or short...

A business owner has said he will be moving his multi-million pound empire to Spain because of Brexit. Speaking to LBC's James O'Brien he said he has already begun the process of moving his business to Spain, regardless of the outcome of the negotiations. Despite firms remaining relatively upbeat amidst the uncertainty that is to come there are several instances of economic aftershocks been seen. The number of deals between large and small UK businesses dropped dramatically due to the economic uncertainty caused...

Given that they hold so much influence over our hearts and minds, it’s a bit of a problem for our democracy that the majority of the UK press is owned by a handful of foreign-based billionaires, who predominantly back the Tories.. The proprietors of our favourite newspapers have significant financial interests elsewhere and as such it is no surprise, or secret, that they have traditionally aligned themselves with the Conservative Party. So, it’s not a shock either that many Tory Party narratives seem to...

The online gambling industry is huge. Currently, there are over 800 online casinos serving millions of players from all over the world. In most countries, online gambling is a legit business, operating under licenses and paying hefty taxes to the state. There are others where, although not explicitly banned, it's frowned upon, having a questionable legal status at best. Yet the need for online casinos is constant - people are finding ways to circumvent the bans to play their favorite...

Debit cards are set to overtake cash as soon as next year, new research has revealed. Rapid growth in the use of contactless cards means cash will be overtaken as Britain’s most frequently used payment method by the end of 2018. Spending on all forms of contactless systems now accounts for 28 per cent of all non-cash transactions in the UK, with total spend exceeding £10 billion for the year in 2016. In December alone, Worldpay processed over £1.5 billion in...

China has been downgraded by Moody's for the first time since 1989 sending worrying messages to the rest of the world. Expectations that the country's financial strength will deteriorate in coming years was cited as a primary reason for downgrading the Asian powerhouse. Rising debt and a cooling economy were also referenced as reasons for downgrading China's rating to A1 from Aa3 and changing its outlook from stable to negative. According to Mihir Kapadia, CEO and Founder of Sun Global Investments, Moody’s...