Conservative party conference 2015: George Osborne’s tax credit reforms are flawed – and his party is beginning to realise it October 5, 2015 Having won a majority, and with Labour’s new leader polling worse than any in history, one might have expected a jubilant Conservative party conference. But scratch beneath the surface in Manchester, and there’s great concern about the recent Budget’s changes to tax credits. With The Sun newspaper now campaigning against the cuts (having waxed [...]
As George Osborne poaches policy from the opposition, have the Tories now won the centre ground? October 5, 2015 Laura Swire, director at Hanover Communications, says Yes George Osborne not only parked his tank on Labour’s lawn; he disembarked, helped himself to their porridge and then settled himself into bed. Labour has spent months telling the nation (the parts of it on Twitter anyway) that anybody who believes in prudent financial management or a [...]
Manufacturers warn new National Living Wage will increase costs and uncertainty October 1, 2015 The new National Living Wage (NLW) stands to give 2.5m British workers a pay rise, but half of British manufacturers are worried about the impact compulsory higher wages will have on their business. According to a new survey out today from the EEF, 45 per cent of manufacturers say they are concerned the NLW – set to go into [...]
UK workers get a pay rise as minimum wage raised to £6.70 ahead of National Living Wage introduction October 1, 2015 One million UK workers are getting a pay rise today, as the national minimum wage has gone up by 20p. This sets the new adult rate at £6.70 per hour. Youth rates are up too, as 18 to 20-year-olds will get £5.30 and under-18s get £3.87. Another pay rise is on the way for at [...]
As Sainsbury’s makes a surprise upgrade to its profit forecast, could this be comeback season for supermarkets? September 30, 2015 Clive Black, director and head of research at Shore Capital, says Yes To say that the British supermarket scene has been through the “perfect storm” is to understate the size of the waves. Sales fell, margins collapsed, earnings imploded and dividends were cut. The surprise Sainsbury’s upgrade in market expectations is a welcome boost to [...]
Whitbread’s Costa coffee chain to pay baristas above National Living Wage September 30, 2015 First it was Starbucks. Now coffee chain Costa has also followed suit by announcing a pay hike for its staff ahead of the government’s national living wage. From tomorrow Costa baristas in London (of all ages) will earn a minimum of £8.20 an hour, rising to over £9, the Whitbread-owned chain said. Meanwhile staff working [...]
If the chancellor doesn’t prioritise science investment, the rest of the economy will suffer September 30, 2015 There are three ways to grow: do more work for the same money; do the same work for less money; or increase productivity through science and innovation. In an increasingly competitive global economy, the UK must play to its strengths, and cheap labour isn’t one of them. We must instead support science and engineering, [...]
What Jeremy Corbyn means for investors September 29, 2015 Jeremy Corbyn is unlikely to become Prime Minister. Polling by ORB found that one in five Labour voters at the last General Election would switch to the Conservatives because of Corbyn. His net approval ratings are also dire: at minus 18 per cent, according to YouGov. At the same point after he was elected Labour [...]
Morrisons follows Lidl and pledges to pay above National Living Wage September 29, 2015 Morrisons has followed in the steps of German discounter Lidl after announcing a 20 per cent pay hike for its staff in line with the new Living Wage. The supermarket, which is striving to turn itself around after years of declining sales, said more than 90,000 staff across all age brackets would benefit from a [...]
Care International UK’s Lend With Care loan platform bringing capitalism to the world’s poor September 28, 2015 Most people are familiar with the Lend Lease arrangement between the US and the UK during the Second World War, wherein the US government provided Britain and other allied nations with supplies to support the war effort. Fewer will be aware of the food parcels that US citizens generously sent across the pond to [...]