Medan, Indonesia – Indonesian workers who paid thousands of dollars to travel to the United Kingdom to pick fruit say they face the prospect of returning home heavily in debt after being sacked for not meeting unrealistic targets. Migrant worker Abdul said he departed for the UK in May with nine other Indonesians under the country’s...
Tag: ECONOMY
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Rachel Reeves warns of tax rises despite best growth in G7
Ms Reeves has already warned of “tough decisions” in her maiden Budget this autumn, including on welfare. “If you can work, you should work,” she said after official figures showed worklessness in Britain rose to its highest level in more than a decade. The country’s strong economic performance was achieved despite the economy flatlining in...
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ONS jobs data: We’re seeing ‘a gradual cooling in the UK labour market’ – London Business News | Londonlovesbusiness.com
The latest Office for National Statistics (ONS) UK Labour Market data has been published this morning. Selected headline findings below. Newspage asked HRs, recruiters and employment experts for their views. The estimated number of vacancies in the UK in May to July 2024 was 884,000, a decrease of 26,000 or 2.8% from February to April 2024....
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Global IT outage causes chaos, disrupting airlines, banks, media, telecoms
Australia’s National Cyber Security Coordinator says ‘no information to suggest it is a cyber security incident’. A massive technology outage has disrupted businesses and institutions in multiple countries, throwing airlines, government services, banks, supermarkets, telecoms and media outlets into chaos. The cause of the outage was not immediately clear, but it came hours after Microsoft...
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What the Labour Party’s big win in the UK will actually mean
The United Kingdom’s left-leaning Labour Party won — and won big — in the country’s national elections on Thursday, returning to power after 14 years of Conservative Party leadership. Labour made many promises in the party’s quest to win the race, and keeping them will be a gargantuan task that will require tackling Britain’s biggest...
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4.3%: Why has UK economy grown so slowly under the Tories?
As the United Kingdom gears up for a general election on Thursday, one issue has emerged at the forefront of voters’ minds – the state of the economy. Since the ruling Conservative Party entered office 14 years ago, the UK’s economy has slowed dramatically. The slowdown is particularly stark when immigration-driven population growth is accounted...
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Quantum Technology Could Open The Way to Economic Advantage For The UK, Academy Reports
At a minimum, the review recommends that the UK upgrades and improves access for industry to existing infrastructure as many of the current facilities are based in universities. This requirement is particularly relevant across a range of technology development stages that underpin most quantum technologies: design; nanofabrication prototyping; packaging, advanced packaging, and heterogeneous integration. In...
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Most news consumers suspicious of AI in journalism, survey shows
News consumers most opposed to use of AI for sensitive topics such as politics, report finds. Most news consumers in the United States and the United Kingdom would be uncomfortable with journalism produced mainly by artificial intelligence (AI), a survey has found. Only 23 percent of respondents in the US and 10 percent in the...
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Reeves to campaign on the economy as party restates 650,000 new jobs pledge – LabourList
Rachel Reeves has declared that Labour’s plan for growth is “about making Britain better off” ahead of the reannouncement of the party’s pledge to create 650,000 new jobs through its green investment plans. The Shadow Chancellor will on Monday kick off a week of campaigning on the economy, reiterating Labour’s plans to invest £7.3bn in...
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Weakness returns to UK job market with rise in unemployment
The British unemployment rate has unexpectedly risen to its highest rate since the summer of 2021 as the jobs market weakens further, although wage growth remains resilient, according to official figures. The Office for National Statistics (ONS) said the rate of U.K. unemployment lifted to 4.4% in the three months to April, up from 4.3%...
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UK tech bosses urge focus on AI skills and growth in high-stakes election — no matter who wins
U.K. Prime Minister Rishi Sunak (left), leader of the incumbent Conservatives, and opposition leader Sir Keir Starmer of the Labour Party. The politicians traded barbs in their first head-to-head debate on Tuesday ahead of the July 4 General Election. Pa Images | Getty Images LONDON — British technology executives and entrepreneurs want the next government...
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These European countries spent the most on tourism in 2023
The UN World Tourism Organization has tracked which countries spend the most on tourism, earn the most and the most visited destinations last year. ADVERTISEMENT German, British and Italian tourists are among some of the highest spenders when it comes to travel. That is according to the UN World Tourism Organization (UNWTO), which has tracked...
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