Business

The financial services industry must “unite and fight” against a no-deal Brexit that potentially erodes clients’ rights and damages the financial sector itself, warns the boss of one of the world’s largest independent financial services organisations. The warning from deVere Group founder and CEO, Nigel Green, comes as the UK's International Trade Secretary, Liam Fox, said that Britain should accept a ‘no-deal’ scenario, instead of requesting more negotiating time. It also follows MPs being told earlier this week by the Association of British Insurers that...

Dividends and interest worth £263 million were accrued by shareholders in 2017 alone, GMB Union figures show An investigation by GMB, the water union, has revealed United Utilities shareholders have made more than £1.2 billion in just five years. The privatised water company showered shareholders with a total of £263 million in 2017 alone. As millions in the North West face life under a hosepipe ban, GMB revealed United Utilities waste 400 million litres of water every single day through...

Local campaign launched to reflect 74% of the public that believe new Royal Auxillary ships should be built in Britain. The Confederation of Shipbuilding and Engineering Unions (CSEU), an amalgamation of 5 Trade Unions including GMB and Unite trade unions in the South West are calling on the government to ensure the next generation Royal Fleet Auxiliary ships are built in British shipyards, including local yards in the South West. The Fleet Solid Support (FSS) order is due to be...

By contrast, putting order out to international tender could cost shipbuilding jobs and prosperity, warns union GMB, the shipbuilding union, has revealed that the Ministry of Defence would not be liable to pay any compensation if Ministers changed their policy and kept a £1 billion order for up to three new military support ships in the UK. GMB research shows if the much-needed new Fleet Solid Support ships were built in British shipyards around 6,700 jobs would be created, and...

Another major business has signalled their fears for a Brexit deal that does not favour the UK. This time it is Jaguar Land Rover who has voiced concerns over the outcome of the UK withdrawal from the EU. The company is the UK’s largest carmaker and claim a Brexit deal could threaten £80bn investment plans for the UK, and may close factories, putting thousands of jobs at risk. Last year, the company made more than 600,000 cars, 20% of which...

Business preparedness over Brexit was ranked almost unanimously red by the British Chambers of Commerce in their latest assessment. The independent business network revealed their RAG ratings today, with just two amber ratings among the 24 otherwise red classifications. RAG ratings are used in project management to flag issues or status reports, based on red, amber and green colours used in a traffic light rating system. The system was used by the BCC to give business answers to practical questions they...

Whether you’re in charge of a small team, a large department or the entire company, it’s a huge responsibility. Your level of skill and performance not only determines your own performance – you’ve got to get the best out of everyone. But unless you’ve had the benefit of classical management training, most days you’ll be learning ‘on the job’ as part of the cut and thrust of business life. In fact, there are remarkably few hard and fast rules of...

Millions of workers admit they feel 'trapped' in their office when the sun is shining outdoors, a study has found. As the UK basks in temperatures of almost 30C, three in five office-based employees admit they feel glum at the thought of being stuck indoors during the heatwave. And a third went as far as to say they feel trapped inside, while one in four believe they are wasting their life in front of their computer rather than making the...

A UBS survey of 600 companies that spells out the reality of a Brexit "dividend" for British business could signal disaster if the government doesn't get a grip on the process soon, Professor Brian Cox has said today. The physicist posted results from a recent business survey that showed 35 per cent of companies plan to reduce UK investment post-Brexit. A further 41 per cent plan to move a large amount of capacity out of the UK and 42 per...