Business and Economics

Brefugee, noun, UK, informal - a worker who is to be displaced by Brexit Paris and Frankfurt are set to battle over so-called Brefugees. The workers, who have been displaced by Britain exiting the European Union, will in most cases have to choose between the French capital and the German financial centre. While Theresa May’s statement last week that she would be willing to turn the UK into a low-tax, fiscal paradise offers a new kind of hope to the...

Goldman Sachs is reportedly considering moving 1,000 jobs to Frankfurt after Brexit. German newspaper Handelsblatt reported that the US banking giant will ship 1,000 jobs to Frankfurt while effectively halving the rest of its UK workforce, moving key operations to New York and Europe. The news comes following Theresa May's tough stance on the exit negotiations, which has already prompted HSBC to move 1,000 jobs to Paris once Britain has formally left the EU. Among roles earmarked for a move...

HSBC could move up to 1,000 jobs from London to Paris after an announcement that it is to relocate staff responsible for generating around a fifth of its UK-based trading revenue after Britain leaves the EU. The bank's Chief Executive Stuart Gulliver told Reuters that the firm will move staff in about two years when Brexit "becomes effective" in a potentially damaging first blow to London's status as Europe's main financial center. Major financial firms warned for months before Britain's referendum on European...

Working in a stressful job for 15 years increases the risk of getting cancer, according to new research This prolonged exposure raises the risk of lung, colon, rectal and stomach cancer - along with non-Hodgkin lymphoma that develops in the vessels and glands, according to the first study of its kind. Researchers say the results raise the question of whether chronic psychological stress should be viewed as a public health issue. The unique study assessed the link between cancer and...

In a major speech to diplomats at London's Lancaster House today, PM May promised a clean break from the EU and Britain will leave the single market membership; leading to Nick Clegg to call the Toires "UKIP-lite." Theresa May finally put a tiny bit of meat on the bones with a 12-point plan for leaving the EU - two months before she pulls two-year exit trigger Article 50. She is aiming for an "associate membership" of the customs union and, arguably,...

As world leaders gather in Davos for the World Economic Forum, Dr Richard Dodgson, Lecturer in International Politics at Newcastle University, is warning that the gap between rich and poor will only be reduced if political leaders are willing to challenge the status quo. He says: “As the World Economic Forum kicks off, the eyes of the world are on Davos. This gathering of the great and the good from across the globe is positioned as an opportunity for the world’s...

Back in 2005 Dr Cliff Arnall calculated that today, 16th Jan, is the most depressing day of the year, due to bills coming in, rubbish weather and the xmas buzz wearing off. I can say that I am definitely in that camp today, with a combination of traditional illness and self-inflicted pain from the weekend festivities adding to the malaise. Now Mr Arnall has said that this year is even worse due to Trump and Brexit, unless of course you...

New figures have revealed a dramatic rise in low paid men working part time. The Institute of Fiscal Studies report found  one in five men aged 25 to 55 worked part-time with low hourly wages today, compared to just one in 20 of this group 20 years ago. CV-Library figures revealed similarly unsettling data. It found that the amount of men looking for part-time work which pays up to £25,000 a year increased by 294.6 per cent between 2010 to 2016, and in...

A leading industry body has recommended cutting the working day to six hours in the winter to stave off slumps in productivity. Researchers discovered that in order to feel 100 per cent productive during the winter months workers simply need to work six hours instead of eight, and have two breaks more than they would get during the summer months. Flexible working hours, the opportunity to get fresh air during the day and access to really healthy foods are also conducive...