Business
BoE’s interest rate hike is ‘premature & unnecessary’ & could be ‘motivated to protect reputations’
The Bank of England’s interest rate hike has been slammed as “premature” by the CEO of one of the world’s largest independent financial advisory organisations, who added the rate decision could be “motivated to protect reputations.” Nigel Green, founder and chief executive of deVere Group, is speaking out after the governor of the UK’s central bank, Mark Carney, announced today (Thursday) a rate rise from 0.5 per cent to 0.75 per cent, taking the UK's base rate of interest to...
No UK car manufacturer is prepared for Brexit, motor industry warns
The car industry has been one of the most vocal against Brexit due to the damage it could inflict on car production in the UK. Now Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders has said that none of the car makers in the UK is ready for a no-deal Brexit. He said he is “increasingly concerned” about the UK failing to reach any kind of deal with the EU. A “no deal” Brexit means that...
Win a Fellowes productivity-boosting office makeover
The London Economic (TLE) and office product specialists Fellowes are teaming up to offer one lucky company the ultimate productivity-boosting prize… an ergonomic office equipment bundle. Is your office making you less productive? Equipment poor? Uncomfortable at your desk? All of the above? Well, you’re not alone. According to Fellowes’ Productivity in 2018 report, 60% of office workers believe their business has productivity issues with the average worker being un-productive for an hour and a half every day. Not only...
Financial services must “unite and fight” against no-deal Brexit
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...
United Utilities shareholders make £1.2billion as billion of litres wasted
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...
Unions launch campaign for next generation of naval auxillary ships to be built in Britain
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...
MoD would not have to pay compensation if £1bn shipbuilding contract kept in UK, GMB reveals
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...
“Bad” Brexit deal would threaten £80bn Jaguar Land Rover investment plans in UK
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...
British Chambers of Commerce issues red RAG ratings for business preparedness over Brexit
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...