Business

By Joe Mellor, Deputy Editor One of the Britain’s most famous markets has become the 2,500th ‘real” living wage employer, a whole two pounds twenty pence more than the Chancellor’s version of the living wage. The 11th century market, has decided to increase how much they pay their staff to a level which means workers should be able to sustain themselves to a reasonable level in the capital. The market, which is 1,002-years-old, decision has been hailed by Living Wage...

Impact's Senior Consultant, Richard Little, shares his six top tips on how to choose the right leadership development degree. As global leadership development experts we meet managers at every career point, from entry-level to the board. Increasingly we are tasked with helping them excel at adaptability in a turbulent organisational context. At Impact, our approach has never been to pump people full of models and theories, but to create experiences that help people find out for themselves how best to collaborate...

Wasting time is one of life’s most dangerous distractions – whether it’s slacking off on schoolwork as a child or being unproductive at work, time wastage is a threat to businesses whether you’re an employer or employee. For entrepreneurs, business owners and managers alike, time-wastage is an expense that needs to be streamlined. Employees cannot always be working, but minimising downtime and boosting productivity is a must. 1. Rethink social media Social media is practically essential for businesses in this...

A recent report conducted by the World Retail Congress and Green Park, has claimed that many current retail bosses aren’t ‘fit for purpose’, with a distinct lack of digital and data driven skills raised as the biggest concern. The details of the published report come after BHS and Austin Reed have both and announced administration as a declining high-street is pushed to the forefront of the industry, giving a timely reminder that the high-street is not in the best of shape. Launched at the...

The average worker is paid £678 a year to slag off their boss, according to new research. According to a poll of 2,000 office workers Brits spend more than six working days a year moaning about management, with six in ten admitting to regularly laying in to them during lunchbreaks, on social media and even while sat at their desk. This adds up to a total of an hour and five minutes of each working week spent grumbling about their boss...

UK retailer BHS is on the brink and could file for administration as early as Monday, according to sources close to the owners. Department store chain British Home Stores could join Woolworths on the scrapheap of high-street staples. The loss-making store was bought out by financiers, lawyers and accountants with no retail experience and came close to closure last month with a rescue deal from creditors keeping the company solvent. But time could have run out for BHS. Sources close...

By Joe Mellor, Deputy Editor The Government has announced that it is willing to take up to a quarter of Tata’s UK steel assets and offer hundreds of millions of pounds to help finance their debts if a buyer can be found for the loss making plants. This part-nationalisation was unveiled after business secretary Sajid Javid said the Government would consider a “co-invest” in the British steel industry. Plans could mean the Government procuring a minority stake in various UK...

By Ben Ramanauskas The recent revelation that many leading political figures around the world have been using offshore tax havens to hide their money has caused widespread outrage in the the UK and abroad. The Prime Minister of Iceland has resigned as a result, and there are calls by many in Britain for David Cameron to do the same. It has also focussed the public’s attention on UK tax law and those who both evade and avoid paying tax in...

A Reddit user has posted an inspired analogy of the Panama Papers, likening the leak to a kid's piggy bank. DanGliesack dumbed-down the data leak to shed light on its importance. Read it in full below: When you get a quarter you put it in the piggy bank. The piggy bank is on a shelf in your closet. Your mom knows this and she checks on it every once in a while, so she knows when you put more money...