UK private sector pay is growing at its fastest rate in 15 years – Resolution Foundation October 12, 2015 Pay in the private sector is likely to be growing at its fastest pace in 15 years, a think tank has said today. The Resolution Foundation believes workers’ pay packets – once inflation has been taken into account – will have grown between 3.4 and 3.6 per cent in the three months to August when [...]
Junior market feels the effects of China slowdown and commodities rout as IPOs and M&A plunge October 12, 2015 IPO and M&A activity on AIM have plummeted to the lowest levels since the recession, as jitters over China deter investors. In the last quarter there were just three mergers, down from 13 in the same period in 2014, and 20 in 2010. There was a similar drop in IPOs: just seven companies floated on the [...]
Barista creates Irn Bru coffee by mixing espresso with Scotland’s favourite drink October 11, 2015 Move over deep-fried Mars bars, there's a new Scottish delicacy in town. One young barista has created what could just be the ultimate pick-me-up my combining a shot of espresso and the Scots' favourite drink, Irn Bru. Competing in a barista championship in Edinburgh, 17-year-old student and coffee shop worker Daniel Todd picked up second place in the competition [...]
China is smoking itself to death: One in three young men will die from the habit October 9, 2015 A new study published in The Lancet reveals that two-thirds of men in the world's second largest economy start to smoke at a young age, and of these half will die as a result of the habit. In total, one in three young men in China is expected to die because of smoking. Read more: As [...]
Top apprentices can earn £50,000 more than university graduates, Sutton Trust study claims October 9, 2015 Apprentices with the highest qualifications can earn £50,000 more than a university graduate over the course of their lifetime, new research claims. Those apprentices who train up to a level five qualification stand to take home almost £1.5m in the course of their career on average, beating the typical person with an undergraduate degree from a non-Russell [...]
Migration is now a fact of life… deal with it – The City View October 8, 2015 The world is undergoing a major population shift that will reshape economic development for decades. That’s the view of the World Bank and the IMF, which this week challenged world leaders to adapt their policies to a new reality that combines dramatic demographic trends with a movement of people that’s only just begun. [...]
Britons’ worries about cyber attacks grow after high profile hacks against Ashley Madison and Carphone Warehouse October 8, 2015 Fear of exposure to cyber crime is growing, on the back of several recent high-profile hacks that have left 71 per cent of British workers worried that data theft is “inevitable”. In August hackers exposed private information about 37m users of adultery website Ashley Madison. Not long after, a data breach at Carphone Warehouse put [...]
London’s housing problem doesn’t need another government scheme: It’s time to slaughter sacred green belt cow – The City View October 7, 2015 During his time at 10 Downing Street, David Cameron has presided over a number of deeply complex attempts at helping Generation Rent climb the first rung of the housing ladder. NewBuy came first, guaranteeing 95 per cent mortgages for first-time buyers on new-build properties. That was followed by Help-to-Buys one and two: respectively, equity loans [...]
EU migrant crisis: Mass migration will last decades, World Bank warns developed countries October 7, 2015 Get used to dealing with high levels of immigration for your own good, the World Bank and the International Monetary Fund have told developed nations today. Large-scale migration from poor countries to richer ones, such as that being seen between the Middle East and Africa and Europe, will become a permanent feature of the global economy [...]
Acton, Earls Court, Old Oak Common and Nine Elms: These are London’s next 10 housebuilding hotspots October 7, 2015 The capital's supply of homes for sale – both new-builds and people putting their previously-loved properties on the market – continues to be pathetically low. But as the government attempts to increase the number of homes being built in the capital, parts of London are about to experience mini housebuilding revolutions. Knight Frank's Global Development Report highlights the areas where the biggest [...]