Jobs linked to foreign investment drop 54% amid Brexit headwinds

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...

CETA “makes a mockery of Government’s stated objective of ‘bringing back control’.”

CETA amounts to a full frontal attack on Parliamentary democracy and any concept of national sovereignty and makes a complete mockery of the Government’s oft-stated objective of ‘bringing back control’ says Union. GMB, Britain’s general union, has criticised a Government plan to sign away UK sovereignty in a mega trade deal without MPs having their say in Parliament. On June 26, the House of Commons will be asked to ratify the 2,255 page Comprehensive Economic and Trade Agreement (CETA) between...

Even Tories call for Boris to resign as Theresa May’s Heathrow lies emerge

As Boris Johnson went AWOL on the day he would have had to vote against the Government or with them against his principles on a new Heathrow runway, the Foreign Secretary was ridiculed by all sides. Fellow anti-Heathrow expansion campaigner and international trade minister, Greg Hands could easily have avoided tonight’s vote with a foreign trip, but instead took ministerial responsibility seriously and resigned on principle on Friday. Despite the junior minister having thrown the gauntlet down to his Conservative...

Gig Economy – Hermes “decision a wake-up call for Government”

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...

Mind calls for Government to scrap proposals for disability benefits ‘migration’

The Social Security Advisory Committee – the panel of experts responsible for scrutinising laws which affect the benefits system – have published the Government’s draft proposals for moving more than two million disabled people onto Universal Credit. The Government has said that this will take place between 2019 and 2023. It will affect around one million people with mental health problems who currently receive the disability benefit Employment and Support Allowance (ESA). Under these proposals people currently getting ESA will receive a letter informing...

Revealed: How hedge funds earned millions in Brexit’s “big short”

Hedge funds hired a network of pollsters to make millions off the pound’s collapse following the Brexit vote, a Bloomberg exclusive has revealed. Private polling in the city, which Nigel Farage was reportedly privy to, gave hedge funds a different view on the result of the referendum to the one presented to the public. They were able to use that mis-sentiment to buy derivatives and make lucrative trades. The Bloomberg scoop revealed that: Pollsters sold hedge funds critical, advance information, including...

In numbers: UK jobs lost to Brexit so far this year

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,...

Tory minister’s resignation makes Boris Johnson hypocrite if he stays

Today, on Clear Air Day, the Chelsea and Fulham MP Greg Hands who has always told his constituents he would oppose athird runway at Heathrow announced that he was forced to resign as Theresa May is insisting on bringing out the whips to get the majority she needs in a vote on the airport's expansion on Monday. The minister's resignation over the Heathrow vote leaves Boris Johnson in a major pickle The Foreign Secretary has also always expressed his very...

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