Business

The UK motor industry has seen investment half in the first half of this year, according to the latest research from the Society of Motor Manufacturers and Traders (SMMT). During the first six months of this year, the SMMT found that investment has “stalled”, with just £347.3m earmarked for new models, equipment and facilities in the UK, around half the sum in the same period in 2017. The group’s demand for action followed the comments last week from CBI president, Paul Dreschler,...

Safeguarded jobs in the UK have fallen 54 per cent in the past year as the number of UK projects funded by Foreign Direct Investment (FDI) dropped nine per cent, the Department for International Tradrevealed today. Wales is the worst affected region, with projects down 33 per cent, Scotland has seen a 23 per cent fall, Northern Ireland an 18 per cent drop and London a 17 per cent decline. England has seen the number of projects rise slightly by...

The Government should write into law a positive definition of self-employment to provide clarity on who is and who is not genuinely self-employed, IPSE (the Association of Independent Professionals and the Self-Employed) has said. The call follows a decision in the employment tribunal today that a group of Hermes couriers were workers and not self-employed. GMB, the union for lifestyle couriers, scored a landmark legal victory against Hermes after an employment tribunal ruled their couriers are entitled to basic workers’ rights. The...

UK export growth is slowing while European exporters are starting to flourish again, according to the latest European Export Index. The latest findings from the quarterly index show that UK exports have fallen to their lowest level since Q1 of 2016, when uncertainty loomed ahead of the nation’s vote to leave the EU. The UK’s Export Growth Index, which charts annual growth in total exports, fell to 96.0 from 98.2 in the first quarter of 2018, creeping closer to the...

Airbus's announcement that it is weighing up its future in the UK has sent shockwaves across the political spectrum today. With no assurances over Britain's future trading arrangements the boss of one of the world’s biggest aircraft manufacturers warned that Brexit would have "severe negative consequences for the UK aerospace industry and Airbus in particular". He said that Airbus has repeatedly been demanding clarity from Theresa May’s government over what trading arrangements will be available with Europe in March 2019,...

A hospitality leader has warned that there is likely to be severe workforce shortages in the industry unless action is taken. Kris Gumbrell, CEO of Brewhouse & Kitchen, says the loss of free movement will undoubtedly cause big issues in the hospitality sector which has a heavy reliance on European workers. A KPMG report for the British Hospitality Association found that EU nationals made up more than 75 per cent of waitstaff, as well as 43 per cent of the...

LGBT tourists splash out an estimated £160bn annually on foreign holidays, but many choose to steer well clear of countries where homosexuality is still criminalised.

These type of quality, well paid and skilled jobs will not be easily replaced - it will have a devastating impact on workers but also the economy says GMB union GMB, the union for manufacturing workers, has criticised the Government following the news of 1000s of Rolls Royce job losses. The engineering giant is to cut 4,600 jobs over the next two years as part of a major reorganisation. Today,  Secretary of State for business Greg Clark faces an urgent...

If the UK presses on with plans to leave the customs union, post-Brexit, large swathes of the car industry will face extinction, claims the president of the CBI. This news follows Jaguar Land Rover's recent statement that it is to move all production of its Discovery from the UK to Slovakia in a move that could lead to hundreds of job losses. The chief of the CBI, Paul Dreschler told BBC Radio 4’s Today programme there was “zero evidence” that...