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Tens of thousands of Jaguar Land Rover jobs at risk due to Brexit

Brexit could put tens of thousands of Jaguar Land Rover jobs at risk and cost the company £1.2 billion, chief executive Ralf Speth has warned. Speaking to Sky News he highlighted that the company depends on “free, frictionless, seamless logistics", which could come under threat if the right deal is not struck. Speth told the prime minister that the company’s factories faced grinding to a halt if she failed to reach an agreement with Brussels, describing the prospect of a...

OECD reveals England’s teachers have suffered second biggest pay cut in developed world.

England's teachers have had the second biggest pay cut in the developed world. Pay has only fallen more for teachers in economically unstable Greece. The Organisation for Economic Co-operation and Development (OECD) today reported on education trends from around the world, revealing that teachers’ pay has fallen 10 per cent in England and Wales between 2005-2017. Despite a generally higher starting salary for teachers in Scotland compared to England, pay progression in Scotland appears worse, with Scotland behind England for...

No-deal Brexit would decimate UK motor industry, says Jaguar Land Rover chief

If the UK does not mange to agree a deal with the EU,over Brexit, it could lead to tens of thousands UK motor industry jobs being lost. These worrying forecasts come from Ralf Speth, chief exec of Jaguar Land Rover. Speth made these comments at the zero emissions summit in Birmingham. He told Sky News: "Just one part missing could mean stopping production at a cost of £60m a day. That is a huge risk. We depend on free, frictionless,...

Mark Carney will remain at Bank of England to help economy through Brexit process

These are turbulent times and the Governor of the Bank of England is going to extend his period in the role before stepping down. He will now remain in post until January 2020. Carney said in a letter to UK treasury chief Philip Hammond. "I recognise that during this critical period, it is important that everyone does everything they can to support a smooth and successful Brexit," Carney is the first foreigner to run Britain's central bank, and was appointed...

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