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....“It’s not Trump,” said one downcast store-owner recently. “It’s not the economy. ... [Read full article on Guardian ]
Sunday 26th of March 2017 11:15:29 AM
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....3m tonnes of cargo last year, benefiting both consumers and business in the EU and the UK. “We have engaged extensively with the aviation industry already, and will continue to work closely with it to better understand the risks and opportunities ahead to ensure it continues to be a major success story for the British economy. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 09:33:08 AM
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.... . That is a shame, because there is growing evidence that insurance doesn't just provide peace of mind, but is a vital element of a healthy economy. ... [Read full article on BBC ]
Monday 20th of March 2017 12:02:25 AM
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....Last year's referendum result, she added, "was not just about leaving the EU" but was a vote for a "change in the way the country works". "Part of that is building a strong economy and ensuring that the benefits of economic growth and prosperity are felt across every part of the UK. ... [Read full article on BBC ]
Monday 20th of March 2017 11:39:42 AM
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....“Automating more manual and repetitive tasks will eliminate some existing jobs but could also enable some workers to focus on higher value, more rewarding and creative work, removing the monotony from our day jobs. “By boosting productivity – a key UK weakness over the past decade – and so generating wealth, advances in robotics and AI should also create additional jobs in less automatable parts of the economy as this extra wealth is spent or invested. ... [Read full article on Guardian ]
Friday 24th of March 2017 07:30:26 AM
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....There was also £2bn for social care services in England, and help for firms hit by business rate rises. On the economy he said growth was expected to be higher - and borrowing lower - than forecast in November. ... [Read full article on BBC ]
Tuesday 7th of March 2017 10:33:24 PM
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....Patricia Espinosa, the UN’s climate change chief, said change by the big oil companies was vital to tackling global warming. “They are a big part of the global economy, so if we do not get them on board, we will not be able to achieve this transformation of the economy we need,” she said. ... [Read full article on Guardian ]
Tuesday 28th of February 2017 05:45:19 AM
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....The government is planning to publish draft proposals in the coming weeks that would outline how it would respond to foreign takeovers and bids for key infrastructure projects in the future. Theresa May has previously said the government should have more powers to block predatory bids for companies in important industries for the economy. ... [Read full article on Guardian ]
Tuesday 14th of March 2017 07:34:36 PM
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....Lloyds Banking Group, which has a 10% stake in Aberdeen Asset Management, has backed the merger deal. BBC Scotland business and economy editor Douglas Fraser said the logic of putting the firms together was to build investment clout, so they can compete with US-based giants such as Blackrock. ... [Read full article on BBC ]
Monday 6th of March 2017 07:24:03 AM
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...."We need to invest in education and start-ups and skills," he said. "I would like to see more long-term thinking about education and digital skills because digital businesses will be crucial to the economy after Brexit," he told the BBC. ... [Read full article on BBC ]
Wednesday 1st of March 2017 01:10:06 AM
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.... . Chris Williamson, chief business economist at Markit, said: "It remains likely that policymakers will adopt an increasingly dovish tone in coming months, despite the rise in inflation, as the economy slows due to consumers being squeezed by low pay and rising prices. ... [Read full article on BBC ]
Tuesday 21st of March 2017 09:34:06 AM
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.... . It added that automation could create more wealth and additional jobs elsewhere in the economy. ... [Read full article on BBC ]
Friday 24th of March 2017 08:56:39 AM
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....Airbus planes operated by Easyjet already have 180 seats, but that number will soon rise by six, while Ryanair will squeeze another eight seats on its planes, Mr Calder added. Last November BA said it would increase the number of economy seats on its long-haul Boeing 777 aircraft by almost a fifth, from 280 to 332. ... [Read full article on BBC ]
Monday 6th of March 2017 07:18:39 PM
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.... . Analysis: Douglas Fraser, BBC Scotland business/economy editor. ... [Read full article on BBC ]
Saturday 4th of March 2017 05:42:59 PM
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....Many of the decisions we make in business and government are based on data that we assume is accurate. So if you undermine the authenticity of that data - and our trust in it - you can potentially bring an economy to its knees, experts warn. ... [Read full article on BBC ]
Tuesday 21st of March 2017 12:11:20 AM
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....It is raising that band by a quarter of a percent. Fed Chair Janet Yellen said the committee judged that a "modest increase" in the rate was appropriate "in light of the economy's solid progress. ... [Read full article on BBC ]
Wednesday 15th of March 2017 06:29:37 PM
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. The global aerospace industry enjoyed a surge in aircraft orders in February, putting it on track for another record year of deliveries and boosting the UK economy. ... [Read full article on Guardian ]
Monday 27th of March 2017 05:30:00 AM
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....Councillor Grant Davey, leader of Northumberland County Council, described it as "worrying news". He said: "The loss of so many jobs would have a massive impact, not just on individuals and their families but also the wider economy and future prosperity of the area. ... [Read full article on BBC ]
Tuesday 14th of March 2017 02:56:07 PM
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.... It is made in eastern Europe before being sent to Crewe for further work, then on to Germany for finishing and finally back to Crewe where it is added to the luxury vehicle. The UK automotive industry is right at the centre of concerns about what damage Brexit might inflict on the British economy – because the expansion of car plants since the financial crisis is based on remarkable levels of cooperation with suppliers on the continent. ... [Read full article on Guardian ]
Friday 3rd of March 2017 12:45:09 PM
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.... . This time around, it will no longer be enough to develop a highly-skilled workforce to plug into the global economy. ... [Read full article on BBC ]
Wednesday 8th of March 2017 12:38:55 AM
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. Australia's economy gained momentum in the last quarter of 2016, allowing the resource-rich economy to extend its 25-year streak without recession. ... [Read full article on BBC ]
Wednesday 1st of March 2017 02:18:44 AM
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.... And if we just say 'but it's not pretty' that's not going to stop these things. "The truth is that the technology of LEDs has advanced fantastically so that it is no longer necessary to make a stark choice between economy and the environment and aesthetics. ... [Read full article on BBC ]
Monday 13th of March 2017 12:41:48 AM
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....Tamzen Isacsson, SMMT director of communications, added: "Connected and autonomous cars will transform Britain's roads, dramatically increasing safety and reducing up to 25,000 serious accidents each year. "The UK automotive industry is leading the way in developing the cars of the future which will provide further benefits to society, creating over 300,000 jobs and adding more than £50 billion to our economy. ... [Read full article on BBC ]
Wednesday 15th of March 2017 12:00:42 AM
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.... He called for a special deal for EU workers which took advantage of its proximity compared with countries such as India and China. “For the UK to be a successful country and economy in the next 20, 30, 50 years, we need a gradually rising population and that will need some type of reasonably controlled immigration. ... [Read full article on Guardian ]
Wednesday 8th of March 2017 05:36:24 PM
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.... . "There is some positivity out there that Brexit will be good for the overall economy, but our research shows 45% think it will have a negative impact on people's pockets when it comes to prices. ... [Read full article on BBC ]
Friday 10th of March 2017 12:52:27 PM
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. Helping black and minority ethnic (BME) people to progress in their careers at the same rate as their white counterparts could add £24bn to UK economy each year, a government-backed review has found. ... [Read full article on Guardian ]
Tuesday 28th of February 2017 07:01:21 AM
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...."[But] the big energy companies are too quick to blame green policies from government for unjustifiable price increases. There are enormous opportunities in the UK moving to a low carbon economy. ... [Read full article on BBC ]
Thursday 16th of March 2017 12:13:08 AM
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....". This was generally the result of small increases in wages, low productivity levels, tax and benefit policies and the state of the UK economy. ... [Read full article on BBC ]
Thursday 2nd of March 2017 12:18:25 AM
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....The food groups estimate that their members employ 3. 9 million people in total and are worth £108bn to the UK economy each year. ... [Read full article on BBC ]
Sunday 26th of March 2017 08:55:57 PM
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....In what will be the final spring budget – there is another due in the autumn – Hammond caved in to pressure from his own backbenches over the strains on social care, and pledged to set aside £2bn over the next three years to help councils cope. He also announced a series of measures to prepare the economy for Brexit, including a new system of vocational education to create “parity of esteem” with academic courses. ... [Read full article on Guardian ]
Wednesday 8th of March 2017 04:05:32 PM
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Latest Finance News related to Economy

Brexit Britain image
Source : BBC [Read Article] Tuesday 28th of March 2017 11:04:40 PM
.... . Also, almost 80% of the British economy is made up of service industries and often these are not covered by a free trade deal - and, even if they are, the so-called "no tariff barriers" can be huge. ...
EU negotiations image
Source : BBC [Read Article] Tuesday 28th of March 2017 11:01:52 PM
....But rather than putting some firms ahead of others, ministers must "prioritise what's best for UK business across the board", says Adam Marshall, director general of the British Chambers of Commerce. Worth £19bn to the UK economy; employs 800,000 workers. ...
Uber to shut down Denmark operation over new taxi laws image
Source : Guardian [Read Article] Tuesday 28th of March 2017 01:36:28 PM
....One such case, brought by Barcelona’s main taxi association, was referred to the European court of justice by a Spanish judge in 2015 and heard at the Luxembourg-based court last November. The court’s ruling, expected later this year, could be critical for Uber’s future – and that of the wider “gig economy” – in Europe: if it decides the company is a transport service, it will have to comply with existing labour and safety legislation, and meet all the rules that apply to traditional taxi associations. ...
Clean up your act on diversity, government tells FTSE companies image
Source : Guardian [Read Article] Tuesday 28th of March 2017 11:36:15 AM
....The business minister Margot James said all FTSE-350 companies should take up key recommendations from a recent government-backed review into race in the workplace by the businesswoman Ruby McGregor-Smith. It concluded that helping black and minority ethnic people to progress in their careers at the same rate as their white counterparts could add £24bn a year to the British economy. ...
Price comparison sites given thumbs up by regulator image
Source : BBC [Read Article] Tuesday 28th of March 2017 10:15:21 AM
....The regulator believes price comparison websites, apps and switching services could offer even greater benefits to consumers than they do now. Apart from energy, it is looking at other sectors of the economy such as insurance, banking, phone and broadband services, and airline flights. ...
May's 'global Britain' gets boost as Qatar looks at £5bn investment image
Source : Guardian [Read Article] Monday 27th of March 2017 05:10:53 PM
.... But economists warn that foreign direct investment to the UK will wane in the long term if the country adopts unfavourable trade deals after leaving the EU or if Brexit dents London’s status as a financial hub. However, Qatar’s plans will bring some relief to the government as it continues to make the case that Britain’s economy can flourish outside the EU. ...
Deliveroo riders plan legal action over employment rights image
Source : Guardian [Read Article] Monday 27th of March 2017 04:37:56 PM
....The 20 delivery riders say they are employees and not, as the company argues, self-employed contractors. In the latest challenge to employment conditions in the gig economy, they are seeking compensation for not receiving holiday pay and for being paid wages below the legal minimum for employees. ...
​Sweet Brexit: what sugar tells us about Britain’s future outside the EU image
.... The heavy crop cannot be grown profitably if it is more than 50 or 60 miles away from one of British Sugar’s refineries. Even then, its farmers claim the burden of living in a high-wage economy means it is unfair to pit them against surplus cane that is dumped on the world market below the average cost of production by developing economies. ...
UK's borrowing binge is worrying the Bank of England image
Source : Guardian [Read Article] Monday 27th of March 2017 02:29:00 PM
.... Why? Because all the ingredients – bar one – are now in place for a traditional UK credit boom-bust. The economy is slowing, real incomes have started to fall, the housing market has run out of steam and unemployment is projected to start rising. ...
UK banks given new stress test scenarios image
Source : BBC [Read Article] Monday 27th of March 2017 11:43:00 AM
.... . Setting out the stress test scenarios, the Bank of England said: "As highlighted in recent financial stability reports, the United Kingdom's large current account deficit creates a vulnerability to a reduction in foreign investor appetite for UK assets and increases in funding costs for real-economy borrowers. ...
Aircraft orders increase tenfold in a year in boost for UK manufacturing image
. The global aerospace industry enjoyed a surge in aircraft orders in February, putting it on track for another record year of deliveries and boosting the UK economy. ...
ONS looks to big data as it explores new ways to measure UK economy image
Source : Guardian [Read Article] Monday 27th of March 2017 05:01:00 AM
. The UK’s official statistics office is looking into using traffic sensors, mobile photo data and satellite images as new ways of measuring the shape of the economy. ...
UK manufacturers tell May no EU deal is 'simply unacceptable' image
Source : Guardian [Read Article] Monday 27th of March 2017 05:01:00 AM
....A government spokesperson said: “The prime minister has been absolutely clear that we will pursue a bold and ambitious free trade agreement with the European Union as a priority – allowing for the freest possible movement of goods between Britain and the EU. “On top of that, leaving the EU will present us with a unique opportunity to strike trade agreements with countries across the rest of the world while our industrial strategy will get the economy firing on all cylinders and prepare us for the future. ...
Dyson plays down hard Brexit concerns as company posts £2.5bn record sales image
. Sir James Dyson, the billionaire investor, has played down concerns that a “hard Brexit” could harm the UK economy by claiming that World Trade Organisation tariffs have not prevented his technology company from achieving record financial results. ...
Five tips on how to be an art collector image
Source : BBC [Read Article] Sunday 26th of March 2017 11:47:00 PM
. The organisers of Art Basel in Hong Kong - Asia's biggest art fair - have tapped into a growing market with an appetite for high-end works, even though the economy is slowing down. ...
Related to :
'Bank of mum and dad' making housing market more unfair, study finds image
Source : Guardian [Read Article] Sunday 26th of March 2017 11:01:43 PM
....The study also found 30% of households with dependent children held assets that could be used towards a home deposit, but only around 10% of households without any formal education qualifications over two back-to-back generations felt they could help out their kids. The report predicts that if the economy weakens, the proportion of first-time buyers being propped up by family will remain at about one third until 2025, but it will boom to 40% by 2029. ...
Brexit: Food chiefs warn on EU tariffs image
Source : BBC [Read Article] Sunday 26th of March 2017 08:55:57 PM
....The food groups estimate that their members employ 3. 9 million people in total and are worth £108bn to the UK economy each year. ...
Populism is the result of global economic failure image
Source : Guardian [Read Article] Sunday 26th of March 2017 01:23:10 PM
.... It then began a steep decline, falling to just over 50% when the financial crisis broke in 2007. Similarly, it is no longer the case that everybody benefits when the US economy is doing well. ...
'People aren't spending': stores close doors in 'oversaturated' US retail market image
....“It’s not Trump,” said one downcast store-owner recently. “It’s not the economy. ...
We’re in a fine mess if George Osborne is our last hope of halting Brexit image
.... And when the Brexiters threaten Nicola Sturgeon with dire warnings about Scotland losing its largest market, namely England, they seem unaware of the irony that the newly fashionable strategy of “no agreement is better than a bad agreement” involves England itself leaving its largest market. The furore over national insurance dominated coverage of the budget but, for me, the really interesting aspect, apart from Chancellor Philip Hammond’s choice to continue with George Osborne’s socially destructive austerity programme, was that the Office for Budget Responsibility (OBR) report on the economic and fiscal outlook contained a sober assessment of the consequences of Brexit for our economy – and it was hardly calculated to lift the spirits. ...
Cheaper flights image
Source : BBC [Read Article] Sunday 26th of March 2017 02:50:44 AM
....Meanwhile, Air France will start long-haul services on its Boost subsidiary next year with the aim of "opening new routes, re-opening routes closed due to their lack of profitability and maintaining routes under threat". Next year BA plans to squeeze another 36 economy seats into its Boeing 777 planes that fly from Gatwick to holiday destinations in Florida and the Caribbean, bringing the total to 252. ...
Why Scott Morrison needs to ignore armchair treasurers before the budget | Greg Jericho image
.... It is also the first budget of this election cycle. The standard tactic after winning an election is to deliver a “tough budget” – one that is full of “hard choices” that need to be made for the “good” of the economy, and which will deliver benefits before the government next faces the polls. ...
The British jobs Brexit makes hard to fill image
Source : Guardian [Read Article] Saturday 25th of March 2017 04:00:06 PM
....3 million, in a decline led by people working in banking, the public sector and construction. A shortage of labour is starting to be felt across the economy, from construction, farming and manufacturing to care homes, hotels and restaurants. ...
Up in smoke: the VW emissions  ‘fix’ has left our car undriveable image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:03 AM
.... They are our top priority, and the vast majority are satisfied. ” He said the firm would not compensate owners on the basis that the issue hasn’t caused “any loss of engine performance, fuel economy or an increase in running costs”. ...
Cadbury says chocolate could get smaller after Brexit image
Source : Guardian [Read Article] Friday 24th of March 2017 01:56:19 PM
....“There are obviously challenges and there are three things that we really care about in the context of the Brexit negotiations. First of all is making sure we have a stable and thriving UK economy. ...
Second cycle courier wins holiday pay at gig economy tribunal image
Source : Guardian [Read Article] Friday 24th of March 2017 12:56:13 PM
. A second cycle courier has won the right to paid holidays and minimum pay in a ruling that could cause major upheaval in the gig economy. ...
Zimbabwe's cash-strapped tobacco farms image
Source : BBC [Read Article] Friday 24th of March 2017 12:34:10 PM
. The start of the tobacco marketing and selling season has brought in some much-needed hard currency to the Zimbabwean economy. ...
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Cycle courier wins holiday pay battle image
Source : BBC [Read Article] Friday 24th of March 2017 12:17:29 PM
....The tribunal said his claim was "well-founded" and that the firm "unlawfully failed to pay the claimant". The ruling adds more legal weight to claims that some firms in the so-called gig economy are engaged in "bogus self-employment". ...
Eurozone growth nears six-year high, survey data suggests image
Source : BBC [Read Article] Friday 24th of March 2017 11:16:57 AM
....Job creation was at its best level for almost a decade, they added. Chris Williamson, chief business economist at IHS Markit, said: "The eurozone economy's throttle opened further in March, with business activity and hiring surging higher. ...
From smugglers to supermarkets: the 'informal economy' touches us all image
Source : Guardian [Read Article] Friday 24th of March 2017 11:13:18 AM
.... But because today, the margins are everywhere. We group people like Ahmed into the “informal economy”, the black markets that aren’t registered and hence don’t show up in many statistics – that are surely too small to make much of a difference. ...
How has the Brexit vote affected the UK economy? March verdict image
Source : Guardian [Read Article] Friday 24th of March 2017 10:37:44 AM
...
Brexit economy: UK faces squeeze on living standards image
Source : Guardian [Read Article] Friday 24th of March 2017 10:30:30 AM
....British households are being warned to prepare for a tightening squeeze on living standards, as a Guardian analysis shows the Brexit vote’s blow to the pound is stoking inflation while pay packets are shrinking in real terms. As Theresa May prepares to trigger article 50 next week, kicking off the formal process of the UK leaving the EU, the economy continues to defy the doomsayers who predicted a sudden downturn after the referendum. ...
Robots to affect up to 30% of UK jobs, says PwC image
Source : BBC [Read Article] Friday 24th of March 2017 08:56:39 AM
.... . It added that automation could create more wealth and additional jobs elsewhere in the economy. ...
Millions of UK workers at risk of being replaced by robots, study says image
....“Automating more manual and repetitive tasks will eliminate some existing jobs but could also enable some workers to focus on higher value, more rewarding and creative work, removing the monotony from our day jobs. “By boosting productivity – a key UK weakness over the past decade – and so generating wealth, advances in robotics and AI should also create additional jobs in less automatable parts of the economy as this extra wealth is spent or invested. ...
UK retail sales shrug off Brexit fears with February rise image
Source : Guardian [Read Article] Thursday 23rd of March 2017 10:37:42 AM
....4% lower than in the quarter ending in November. The ONS said the quarterly fall matched that seen in January, which represented the weakest retail performance since March 2010, when the economy was just emerging from recession. ...
Higher fuel prices take toll on retail sales image
Source : BBC [Read Article] Thursday 23rd of March 2017 10:14:20 AM
....However, Howard Archer at IHS Markit said consumers were becoming more cautious as higher inflation squeezed their purchasing power. "The economy's persistent resilience since last June's Brexit vote has been largely built on consumers keeping on spending," he said. ...
Brexit could damage UK's fight against corruption, says OECD image
Source : Guardian [Read Article] Thursday 23rd of March 2017 10:07:05 AM
....The report also warns that any potential economic downturn resulting from leaving the EU could damage government willingness to be seen to be aggressively regulating business. “A tightening of the economy could result in significant strain on public resources, including for law enforcement, and in pressure to weaken the Bribery Act or its enforcement to attract business,” it said. ...
The Trump bump for shares is dented – but watch where the oil price goes | Nils Pratley image
....A lower oil price this year would be excellent news, not least for Downing Street and the Bank of England. It would dampen the currency-inspired inflation in other parts of the economy. ...
Nervous markets take fright at prospect of Trump failing to deliver | Larry Elliott image
....Markets have become increasingly impatient with the new Trump administration for failing to follow through on pledges to use a package of tax cuts and infrastructure spending to raise the US growth rate. Share prices have risen steadily since Trump defeated Hillary Clinton in last November’s race for the White House amid optimism that the US could be on the point of breaking out of the low-growth path evident since the world’s biggest economy emerged from recession almost eight years ago. ...
Boss of British Gas owner gets 40% pay rise as millions live in fuel poverty image
....Rebecca Long-Bailey, the shadow energy secretary, said: “Over 4 million people are living in fuel poverty across Britain so the announcement today of astronomical pay increases for certain energy company CEO’s must feel like a kick in the teeth to those families who will sit shivering tonight because they cannot afford to put on the heating. This is another clear example of the Tories’ rigged economy. ...
UK households most downbeat about finances since 2013 image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 12:35:41 PM
.... The Bank blamed the sharp fall in sterling feeding through to higher prices, reducing households’ purchasing power. At the same time, the weaker pound and stronger world economy had led to a “marked rise” in export volume growth and business investment intentions had picked up, pointing to modest growth in company spending this year, the Bank’s report said. ...
Why robots should be taxed if they take people's jobs | Robert Shiller image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 11:18:12 AM
.... Such a tax should be part of a broader plan to manage the consequences of the robotics revolution. All taxes, except a “lump-sum tax”, introduce distortions in the economy. ...
UK-based airlines told to move to Europe after Brexit or lose major routes image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 09:33:08 AM
....3m tonnes of cargo last year, benefiting both consumers and business in the EU and the UK. “We have engaged extensively with the aviation industry already, and will continue to work closely with it to better understand the risks and opportunities ahead to ensure it continues to be a major success story for the British economy. ...
Screwfix boosts Kingfisher's profits image
Source : BBC [Read Article] Wednesday 22nd of March 2017 09:18:25 AM
....". He said Screwfix was the "standout performer", demonstrating the resilience of the UK economy following the EU referendum last June. ...
What everyone assumes about rights in the gig economy is wrong | Jason Moyer-Lee image
. So Matthew Taylor, Theresa May’s appointee to lead an inquiry into the so-called “gig economy”, has called for employment rights for the self-employed. ...
Do not let Brexit ruin car industry, urges chair of London Taxi Company image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 07:51:15 AM
.... The London Taxi Company’s impressive new factory and R&D facility showcases the innovation that makes the UK a world leader in the development of new automotive technologies,” he said. “Through our ambitious industrial strategy, we are committed to building on our strengths and taking advantage of the opportunities the new low-carbon economy provides. ...
Plans for coal-fired power plants drop by almost half in 2016 image
Source : BBC [Read Article] Wednesday 22nd of March 2017 07:44:04 AM
...."Yes, China, is reducing the number of coal-stations but not because it's transitioning away from coal. Instead, the new dynamics is a signal of a more developed economy," said Benjamin Sporton. ...
UK millionaires think Brexit will make them even richer, survey finds image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:35:35 AM
....According to polling data from YouGov, 75% of 18- to 24-year-olds voted to remain in the EU. Three-quarters of the millionaires surveyed by UBS said they thought Brexit would have a positive impact on the overall UK economy in the long term, despite the collapse in the value of the pound since the referendum and concerns that it may be more difficult for the UK to trade goods and service after it leaves the EU. ...
FTSE CEOs 'earn 386 times more than workers on national living wage' image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:27 AM
.... The pressures on households stem partly from Brexit worries knocking the pound lower and raising the price of imports to the UK. Those factors underscore the challenge for Theresa May to take the UK out of the EU while vowing to cut inequality and create an economy that “works for everyone”. ...
Coal in 'freefall' as new power plants dive by two-thirds image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 12:01:20 AM
....However, the report showed there were still around 570 new coal-fired plants in pre-construction around the world, prompting the industry to reject the notion it was struggling. Benjamin Sporton, chief executive of the World Coal Association, said: “Yes, China, is reducing the number of coal-stations but not because it’s transitioning away from coal, instead the new dynamics is a signal of a more developed economy. ...
London cycle courier 'was punished for refusing work after eight hours in cold' image
.... Excel, which is in liquidation and currently operating as part of CitySprint, is not contesting the case. Boxer’s case is the latest in a string of tribunals against gig economy employers and the second of four relating to the employment status of couriers being backed by the Independent Workers Union of Great Britain. ...
Oil theft 'provides billions for terrorists and drug cartels' image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:12:54 PM
.... It’s a multibillion-dollar thing that affects many people all over the world,” said Ian M Ralby, the author of the analysis, which follows up on a study published in January. “These are global concerns because they affect the global economy and they affect global security,” he added. ...
UK wages will soon lag behind prices – will the Bank take action? | Larry Elliott image
....But Carney will have to justify the Bank’s inactivity as inflation moves further above its target during the spring or summer. He could argue that Threadneedle Street does not need to raise interest rates when the economy is set to slow anyway. ...
Government borrowing falls in February image
Source : BBC [Read Article] Tuesday 21st of March 2017 11:02:34 AM
....5% to £280bn. Howard Archer, chief UK and European economist at IHS Markit, said Chancellor Philip Hammond was "clearly keen to keep fiscal ammunition up his sleeve - due to the major uncertainties and downside risks that the economy faces as it navigates its way out of the EU". ...
UK inflation rate leaps to 2.3% image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:34:06 AM
.... . Chris Williamson, chief business economist at Markit, said: "It remains likely that policymakers will adopt an increasingly dovish tone in coming months, despite the rise in inflation, as the economy slows due to consumers being squeezed by low pay and rising prices. ...
Fake data threat image
Source : BBC [Read Article] Tuesday 21st of March 2017 12:11:20 AM
....Many of the decisions we make in business and government are based on data that we assume is accurate. So if you undermine the authenticity of that data - and our trust in it - you can potentially bring an economy to its knees, experts warn. ...
Brazil meat scandal: China and EU suspend imports image
Source : BBC [Read Article] Monday 20th of March 2017 08:39:48 PM
.... . The meat industry plays an important part in the Brazilian economy, with exports worth more than $12bn (£9. ...
Trump must convert surging US confidence into real growth | Mohamed El-Erian image
. Financial markets seem convinced that the recent surge in business and consumer confidence in the US economy will soon be reflected in “hard” data, such as GDP growth, business investment, consumption, and wages. ...
Forbes billionaire list: Trump loses $1bn as elite club gets 233 new members image
....“Our warped economic model leads to more unequal societies that trap millions of people in poverty - it allows an elite group to accrue extreme wealth while one in nine people go to bed hungry every night,” Max Lawson, Oxfam’s head of inequality policy, said. “We need to build a more human economy where the super-rich pay their fair share of tax, workers earn a living wage, and governments invest in decent healthcare and education to give everyone a good start in life. ...
Article 50: Theresa May to trigger Brexit process next week image
Source : BBC [Read Article] Monday 20th of March 2017 11:39:42 AM
....Last year's referendum result, she added, "was not just about leaving the EU" but was a vote for a "change in the way the country works". "Part of that is building a strong economy and ensuring that the benefits of economic growth and prosperity are felt across every part of the UK. ...
Brexit-proof the UK economy with more R&D, say employers image
Source : Guardian [Read Article] Monday 20th of March 2017 07:01:30 AM
. Britain must Brexit-proof its economy by ramping up spending on research and development or risk being left behind in the global race to deliver game-changing innovations in areas such as space tourism and robotics, the country’s leading business group has said. ...
New roads in England create more traffic, rural campaigners claim image
Source : Guardian [Read Article] Monday 20th of March 2017 07:00:30 AM
.... saloon bar policy-making won the day”. Ralph Smyth, the head of infrastructure and legal at CPRE, said: “This a programme that will for ever fail on its own terms, producing a depressing, self-perpetuating cycle of more and more roads that do little for the economy and harm the countryside. ...
PM backs plans to overhaul workers' rights to reflect gig ecomomy image
Source : Guardian [Read Article] Monday 20th of March 2017 12:25:37 AM
....Theresa May backs plans for an overhaul of workers’ rights to reflect 21st-century employment practices, according to the chair of Downing Street’s review into modern work. Matthew Taylor, a former adviser to Tony Blair who was appointed by the prime minister to lead the review into the gig economy, said he would be recommending changes to the rights of self-employed workers when his review was published in June. ...
Blurred lines? image
Source : BBC [Read Article] Monday 20th of March 2017 12:02:25 AM
.... . That is a shame, because there is growing evidence that insurance doesn't just provide peace of mind, but is a vital element of a healthy economy. ...
UK Mail driver who was unable to work after car accident charged £800 image
....Such charges are to be scrutinised by the Downing Street-commissioned review into modern employment practices led by Matthew Taylor. Frank Field, the chair of the Commons work and pensions select committee, said he would press Taylor “to look closely at this rip-off practice which again shows how the odds are stacked against the low paid in Britain’s gig economy”. ...
The Observer view on George Osborne as editor of the Evening Standard image
Source : Guardian [Read Article] Sunday 19th of March 2017 12:05:01 AM
.... Perhaps he wants to be able to dish it out to an audience far beyond Westminster. But he has small chance of being able to stay on the front foot when rough trade starts – even if the economy founders through long months of withdrawal. ...
A ‘jobs miracle’ that leaves millions worse off | Observer editorial image
....Moreover, there is a small but growing group of low-paid workers who face deepening insecurity as they are denied access to basic employment rights. There has been much focus on the new gig economy: digital platforms such as Uber and Deliveroo that allow supposedly self-employed workers to sell services. ...
An automated world is coming but can we make sure no-one is left behind? | Greg Jericho image
....Economic reform is often synonymous with reducing labour costs and increasing after-tax profit, because much of the debate is generated by those whose view of the world and position in life is benefitted by such outcomes. But many of these styles of reform are most suited to an economy that might be passing us by – one where output is greatly disconnected from employment. ...
Aberdeen wrestles with hard choices as independence looms again image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
....“If we were a petrol state and our only economic activity dropped in value by 75%, we would have had an enormous recession, and we have not. The Scottish economy is not dependent on oil and gas,” says the member for Aberdeen South. ...
Rising prices set to push inflation over 2% Bank of England target image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
.... The Institute for Fiscal Studies (IFS) said average earnings would be no higher in 2022 than they were in 2007, and predicted that welfare cuts would compound the financial pain for many. Such forecasts bode ill for hopes that the UK economy can continue to show resilience in the face of Brexit-related uncertainty. ...
G20 finance ministers drop anti-protectionist pledge image
Source : BBC [Read Article] Saturday 18th of March 2017 03:22:36 PM
....German Finance Minister Wolfgang Schauble said the meeting had reached an impasse when it came to the issue, and added that his counterparts could not "force partners" - read the United States - "to go along with wording with which they don't agree". Mr Schauble insisted that there had been "a lot of goodwill" at the meeting, but whether that goodwill extends to the future trade relationship with the world's largest economy is now very much in doubt. ...
Netflix and Tesla overrated? Yes, in this mad, mad world image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:01:32 AM
.... But according to one of the UK’s top fund management groups, both are among the most overpriced shares on Wall Street, a stock market that under President Trump is – to use a phrase he rather likes – one of the most overrated in the world. We are at a strange juncture in financial history, with a madman in the White House, Britain breaking itself into pieces, interest rates on the march up (in the US at least), the economy barely bigger than it was a decade ago, Greece in desperate straits and global debt at eye-watering levels. ...
Buy your new car now to save thousands of pounds ahead of excise hike image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
....Change +£2,260. This diesel-electric hybrid offers exceptional economy and a CO2 figure of just 48g/km. ...
George Osborne is laughing at us as he takes his Evening Standard job | Aditya Chakrabortty image
....For six years, Britain was governed by public schoolboys who were useless at almost everything apart from handing cash to their mates in the City and the housebuilding industry. They boasted of competence, yet tanked the economy so badly that British workers are suffering their worst decade for pay since the Napoleonic wars. ...
Are you getting enough sleep? image
Source : BBC [Read Article] Friday 17th of March 2017 04:21:11 PM
. If you aren't getting enough sleep, what does that mean for your health and your ability to do your job? And what does lack of sleep cost the global economy? . ...
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George Osborne facing calls to quit as MP over Evening Standard job image
Source : Guardian [Read Article] Friday 17th of March 2017 12:51:44 PM
.... “MPs have historically had outside jobs,” said James Duddridge, MP for Rochford and Southend East. “If he can combine being an MP with running the economy he should manage editing a local paper. ...
Homes cost more than seven times income image
Source : BBC [Read Article] Friday 17th of March 2017 10:06:40 AM
...."Half of people who own a home have no borrowings. The unearned and largely untaxed money they have made simply by living in their property isn't recorded in inflation figures but it is a significant part of what maintains house prices and drives the economy. ...

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