EU carbon law for airlines is vetoed by US September 23, 2012 THE Senate unanimously passed a bill over the weekend that would shield US airlines from paying for their carbon emissions on European flights, pressuring the European Union to back down from applying its emissions law to foreign carriers. The European Commission has been enforcing its law since January to make all airlines take part in [...]
Businesses warn government not to scare off talented international workers February 26, 2012 GOVERNMENT plans to introduce a wage-based limit on migrants settling in the UK risks damaging Britain’s attractiveness to important workers, business groups have warned. The Home Office wants new rules, which will only allow non-EU immigrants earning over £35,000 to settle here, and limit the time foreign household staff can stay in the UK. However, [...]
Unemployment heading toward 3m, warns study February 13, 2012 UK JOBSEEKERS face the worst labour market environment since early 2009, according to a study from the Chartered Institute for Personnel (CIPD), published yesterday. A net balance of eight per cent of firms are set to cut headcount, the group’s survey showed, which is expected to take unemployment up to 2.85m by the end of [...]
Osborne hit as 50p tax row escalates March 1, 2012 INDUSTRY bodies backed calls for the 50p top rate of income tax to be scrapped yesterday, as Labour politicians and trade unions argued relieving pressure on high-earners should not be a priority. Chancellor George Osborne is coming under increasing pressure to cut taxes or boost spending in his budget later this month, after public borrowing [...]
Jobs rise as confidence boosts hiring March 14, 2012 JOBLESSNESS fell again from its November peak, new data showed yesterday, but youth unemployment hit a new high. Unemployment stood at 2.666m in the three months to January, down 5,000 on the same period to December and 19,000 a month earlier, figures from the Office for National Statistics (ONS) revealed, though the changes are small [...]
Jobs rise as confidence boosts hiring March 14, 2012 JOBLESSNESS fell again from its November peak, new data showed yesterday, but youth unemployment hit a new high. Unemployment stood at 2.666m in the three months to January, down 5,000 on the same period to December and 19,000 a month earlier, figures from the Office for National Statistics (ONS) revealed, though the changes are small [...]
Posen: Extend QE beyond gilts February 2, 2012 MONETARY Policy Committee (MPC) member Adam Posen yesterday revealed he had pushed colleagues to extend quantitative easing beyond government bonds. The arch-dove wants the Bank to buy corporate debt as part of a wider series of reforms to boost lending, particularly to small businesses. Posen has long argued in favour of quantitative easing, and believes [...]
EU plan risks final salary pension deals February 13, 2012 EUROPEAN plans aimed at protecting pension pots will destroy final salary schemes in the UK and cost businesses hundreds of billions of pounds, a consortium of industry and labour bodies warned yesterday. In a letter to EC boss Jose Manuel Barroso, the Confederation of British Industry (CBI), Trades Union Congress (TUC) and National Association of [...]
EU plan risks final salary pension deals February 13, 2012 EUROPEAN plans aimed at protecting pension pots will destroy final salary schemes in the UK and cost businesses hundreds of billions of pounds, a consortium of industry and labour bodies warned yesterday. In a letter to EC boss Jose Manuel Barroso, the Confederation of British Industry (CBI), Trades Union Congress (TUC) and National Association of [...]
£29bn boost from overtime December 8, 2011 Unpaid overtime gives a £29bn boost to the UK economy each year, according to data released yesterday by the Office for National Statistics (ONS). Managers and senior officials contribute the most, the ONS found, estimating that the average full-time manager is paid for 38.5 hours per week but actually works for 46.2 hours – a [...]