UK high earners mapped: If you work in Tower Hamlets you’re probably paid more than people who live there November 20, 2014 Where are the best places to work in the UK if you want to make money? And where do high-powered professionals have superior spending power to the natives? According to data from the Office of National Statistics (ONS), there are some big gaps between the amount earned by residents in certain areas and the amounts [...]
UK high-earners mapped: Where do the UK’s richest people live and how much do people earn in your area? November 21, 2014 Where do the UK’s richest people live? And how rich is your local area? New data from the Office of National Statistics has revealed the areas where Britain’s wealthiest reside. Predictably, not one of is outside the south east of England. According to the ONS, median gross annual earnings increased between 2013 and 2014 by [...]
Women “don’t get paid after today” claims #EqualPayDay report November 4, 2014 If you're a woman, you might want to down tools for the rest of the year, because from now on you are effectively working for free. That's the argument of a report claiming that the gender disparity in pay has actually grown to such an extent that, including full and part-time workers, men earn on [...]
McDonald’s Big Cheese: UK makeover chief Steve Easterbrook now has the whole world on his plate January 29, 2015 Steve Easterbrook, who used to play cricket at Durham University alongside ex-England captain Nasser Hussain, has long been viewed as one of McDonald’s star players – obtaining a captaincy of his own yesterday at the world’s biggest fast food chain. McDonald’s new Watford-born chief executive will take on the challenging task of reviving the group’s [...]
How long would it take Europe’s minimum wage employees to buy a Big Mac? September 22, 2014 Ed Miliband has announced that a Labour government would raise the minimum wage to £8.00 by 2020 if it came to power. The current lower bound is £6.31, which will increase to £6.50 on 1 October, so the proposed hike would be a dramatic increase. If the bank of England were to average [...]
Ed Miliband promises minimum wage rise should Labour win next general election September 21, 2014 Ed Miliband has promised an increase in the national minimum wage to £8 per hour should his party win at the next general election. The Labour leader has said it is "not good enough" that one in five people in the UK "are in low pay". Ahead of the Labour party conference in Manchester this week, [...]
Beware the unintended consequences of hiking the minimum wage September 29, 2014 ED MILIBAND’S promise of an £8 per hour minimum wage by 2020 is one of the latest salvoes in the political battle over living standards. We can expect more help for hard-pressed families from the other party conferences, including the trumpeting of October’s above-inflation rise in the minimum wage. With real wages having fallen dramatically, [...]
Swiss voters reject plans to hoard gold, curb immigration and scrap rich expats’ tax benefits November 30, 2014 Swiss voters have rejected proposals requiring the central bank to to hoard huge amounts of gold, in a move that will help ensure the country's economic stability. It failed to secure the so-called "cantonal majority" — which is a yes vote from most of the country's "cantons" or states — needed to pass, according to [...]
David Cameron’s party conference speech: Here’s what you need to know October 1, 2014 David Cameron has delivered his final party conference speech before the 2015 general election, to a surprisingly upbeat audience. The start of the Tory conference was marred by the defection of Tory MP Marck Reckless to Ukip and a ministerial resignation. Since the weekend, former deputy mayor of London Richard Barnes and Tory donor Arron [...]
Tax cuts and deregulation: How free markets can slash the cost of living September 25, 2014 Rolling back state intervention across the economy and cutting taxes could save some families up to £7,800 a year, according to a new report from the Institute of Economic Affairs (IEA). The free market think tank has produced the report as part of it's 2020 Vision initiative, which provides a host of publications and films [...]