Economics

Over the last decade, the Maltese economy has gone from strength-to-strength. Although the country has less than half a million residents, the Maltese economy has gone from pillar-to-post and it is staggering how well the country has developed across several key industries. Today, the Maltese economy is heavily reliant on foreign trade and investment, manufacturing (particularly pharmaceuticals and electronics), and tourism. Given that Malta sits just below Italy, it is a prime location in the Mediterranean and it attracts millions...

A pioneering new citizens’ wealth fund in the UK could provide a universal annual cash dividend and eventually a weekly basic income, a new report has claimed. According to research by City, University of London and the Friends Provident Foundation the UK government should create a citizens’- owned investment fund to pay for an annual cash payment to everyone in the country. The report says the fund would be a powerful new anti-inequality instrument, allowing a dividend of £430 per person after...

Oxford University study each robot performs the roles of 3.6 workers.

Robert Peston has described a £300 billion negative swing in foreign investment as "jaw-dropping" after new figures revealed FDI has dropped off a cliff since the Brexit vote. Global FDI flows reached their lowest level since 2013 in the fourth quarter of 2017, according to OECD figures. Inflows to the OECD area decreased by 37 per cent, largely driven by decreases in the United Kingdom and the United States from high levels in 2016. Outflows from the OECD area decreased...

Polling shows the public expect a recession within the next 2 years GMB, Britain’s general union, has called on the Government to 'get it's act together' as ONS figures released this morning showed GDP struggling at just 0.1% growth in the first quarter of 2018. Recent polling by Survation on behalf of GMB shows more than half of those questioned expect the UK to slip into recession within the next two years. John McDonnell, the shadow chancellor, said: “The truth...

Today’s scandalous figures are more proof Theresa May’s Government has completely and utterly failed to tackle insecure work GMB union has criticised the Government after new figures released today showed the number of zero hours contracts creeping up to 2 million. Data from the Office for National Statistics (ONS) this morning show the number of zero hours contracts estimated to be in circulation in the economy rose to 1.8 million in November 2017 - up from 1.7 million a year...

The shocking findings, from a survey of 2,000 UK adults, revealed 43 per cent are short of the cash they need to pay the bills an average of seven months each year.

Shipyards in Germany, Italy, the Netherlands, Poland, South Korea and Spain now eyeing up critical defence contract, GMB investigation reveals GMB, the union for shipbuilding workers, today said in the aftermath of the blue passports fiasco, Ministers must reverse their decision to put a crucial £1 billion order for three new military support ships out to non-UK bidders. New Fleet Solid Support ships are needed to service the UK’s £6.3 billion Queen Elizabeth-class aircraft carriers and their strikeforce of new...

  Britain’s biggest car manufacturer, employing 40,000 people in the UK is set to lose 1,000 temporary contracts. The job losses according to reports are due to cuts in production at Jaguar Land Rover’s Solihull and Castle Bromwich plants in the Midlands, where Range Rovers and the Land Rover Discovery SUV are built. The jobs of 1,000 agency workers will be hit. The carmaker now owned by Indian Tata Motors is set to make an announcement to staff on Monday...