Big upward revision for UK growth this year from the OECD

The UK economy will grow much faster this year than previously expected, according to an influential economics organisation, as it revised up forecasts it slashed after the Brexit vote.The Organisation for Economic Cooperation and Development (OECD) raised its projections for 2017 GDP growth to 1.6 per cent, a change of 0.6 percentage points since its September prediction. The UK had the biggest upwards revision in 2017 growth prospects (Source: OECD)In September’s forecast the group cut its growth expectations for 2017 in half, predicting one per cent growth as the economy reacts to policy uncertainty.In November, faced with the acceleration of the UK economy on the back of continued strength in consumer spending, the OECD changed its prediction to 1.2 per cent.The Bank of England was among other forecasters surprised by the strength of the British economy. It raised its prediction of growth this year to two per cent last month, and predicted consumers would dip into savings to sustain demand.However, the OECD’s analysis still expects rising inflation to hit demand this year. Jasper Jolly whatsapp The report said: “UK growth is expected to ease further as rising inflation weighs on real incomes and consumption, and business investment weakens amidst uncertainty about the United Kingdom’s future trading relations with its partners.”Read more: UK growth smashes developed nations average to sit atop G7The OECD left its prediction that UK growth will slow to one per cent in 2018 unchanged.The weak growth picture comes amid what the OECD describes as a “low-growth trap” for the world economy, which is expected to grow by 3.3 per cent in 2017 before accelerating in 2018.OECD chief economist Catherine Mann said: “The pick-up in growth from countries taking fiscal initiatives is broadly welcome, but we cannot ignore the danger that the recovery gets knocked off track by policy errors or financial risks and vulnerabilities. Coherent and committed policy action is needed to simultaneously raise growth rates and improve inclusiveness.” Tuesday 7 March 2017 1:00 pm The revision is the largest across the major economies surveyed by the OECD.The OECD and other influential economics bodies have steadily upgraded forecasts of UK growth as the economy has proved resilient since the country’s vote to leave the EU.Read more: UK economy is gaining momentum despite Brexit fears, says the OECDThe organisation’s own measure of economic momentum recently found the UK moving towards a stronger growth picture.[custom id=”220″] whatsapp Share Big upward revision for UK growth this year from the OECD read more

By disrupting its own industry, Ocado has proven the power of automation

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstUndoRest Wow68 Hollywood Stars Who Look Unrecognizable NowRest WowUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsUndoCrowdy FanKaley Cuoco Net Worth Left Her Billionaire Husband SpeechlessCrowdy FanUndo Further evidence of automation’s benefits has emerged this week following the news that online retailer Ocado’s revenue jumped by 11.5 per cent in the last quarter – largely thanks to the automation of its warehouses. On average, UK workers produce 16 per cent less than their equivalents in the rest of the G7, with workers in France producing more in four days than British workers in five.This does not mean that the clichéd “robots will take our jobs”. Instead, the most successful robot designers will look at how best robots can interface with humans and enhance an employee’s ability to complete tasks.It could be something as simple as a collaborative warehouse robot being built so that a human doesn’t have to bend down too far when reaching to stack items from it. This would barely save seconds in individual cases, but it could reduce the number of workplace injuries, and result in a similar boost in productivity and revenue as seen at Ocado.The opportunities that excite early-stage investors are those that use artificially intelligent technology to turbo-charge productivity.It’s particularly the agriculture and construction industries where intelligent machines offer the possibility of creating safer working environments, while taking over more menial tasks that reduce productivity. whatsapp Share Zoe Chambers By disrupting its own industry, Ocado has proven the power of automation The effects are unquestionably positive, with the average number of orders processed by the firm reaching 283,000 per week. Its fourth automated fulfilment centre opened this summer in Erith, taking three months to process 20,000 customer orders.By comparison, its non-automated Andover warehouse took well over a year to reach this figure.Read more: Ocado’s warehouse robots help it boost third quarter revenueNaysayers will be fearful of what this means. According to this month’s Future of Jobs Report from the World Economic Forum (WEF), automation will make up 52 per cent of jobs by 2025, compared to 29 per cent today. The same WEF report suggests that within four years, everyone will need 101 days of extra learning per year to keep up. This rapid shift is a difficult prospect to comprehend.But the bigger picture is far more positive, with Ocado trailing a path that will change the landscape for UK productivity. Thursday 4 October 2018 11:14 am whatsapp Humans may hold less than half of jobs in seven years’ time, but there will be far more jobs to fill.For 75m that will be lost, almost double – 133m – will be created. Job reassignment should not be feared, just as humanity has adapted to the challenges all forms of technology have previously presented.Historian Yuval Noah Harari discusses this in his book, 21 Lessons for the 21st Century, referring to a farm worker laid off in 1920 due to mechanisation but who later found a factory job.In 1980, factory workers could become cashiers at supermarkets. Cashiers are now being replaced, but will find new jobs in managing these machines.A survey from the Brookings Institute found that many people remain fearful about automation. But it also demonstrated that most respondents were equally unaware about the opportunities it creates, and how it could actively help them.I hope the Ocado news can shed a light on why automation is a future we should be excited for, rather than concerned about. Tags: Artificial intelligence (AI) and robotslast_img read more

Game Digital narrows losses as it chases high margins with e-sports venture

first_img whatsapp Game’s investment in the project means it will not pay a final dividend this year.Paul Hickman, analyst at Edison Investment Research, said Game’s cost saving initiatives and e-sports venture were key to its financial results.”Further savings are in the pipeline, as the company has over 200 potential lease events by the end of 2019 out of a UK store estate of 276,” he said.“Game Digital has performed well in a challenging market,” he added. “Management is focused on the Belong gaming arena initiative. In its existing 21 sites the concept has demonstrated high occupancy, high margin and low capex.”What Game Digital said Shares lifted on the smaller loss despite gross profit slipping 4.3 per cent to £196.2m.Why it’s interestingGame continued to struggle on a challenging high street, with its UK retail performance suffering from lower sales in high margin categories such as pre-owned products and higher sales of low margin hardware and digital content.However, the company mitigated this with cost savings of approximately £11.4m. The company said it had made progress in moving away from lower margin retail sales to high margin gaming experiences through Belong, its e-sports gaming venture with events around the country.Sports Direct has paid £3.2m for a 50 per cent stake in the venture, and the sports shop will also introduce the meet-ups to its own stores. Thursday 8 November 2018 2:49 pm whatsapp Martyn Gibbs, chief executive officer, said: “Despite the challenges facing our core retail business and the difficult wider retail environment, we are making good progress on our strategic initiatives to ensure we continue to meet the needs of gamers, our customers and our supplier partners as we transform our business to become a leading provider of gaming experiences and services.”Our core UK and Spain console markets have remained in growth this year driving a strong sales performance and we are constantly improving our multi-channel customer proposition in our stores and online to maximise on these opportunities. The shift in the retail product mix towards the lower margin categories has impacted on the gross profit rate but we continue to focus on improving margins by product category and driving high margin revenue streams whilst reducing the operating cost base of the group.” Tags: Company Game Digital Gaming Mike Ashley People Tax Jedidajah Otte Share Game Digital narrowed its losses but still saw sales fall in its full year results published today.The figuresRevenue came in flat ar £782.3m in the year to the end of July, while the video game retailer made a loss before tax of £7.4m, 26 per cent better than 2017’s £10m, as the retailer bumped up cash reserves by a quarter to £58.7m. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPuffer fish snaps a selfie with lucky‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: Game Digital narrows losses as it chases high margins with e-sports venture last_img read more

The age of the electric car? Not before we talk about metals

first_imgIt is in the longer term, however, that the real test for cobalt emerges.By 2025, the market slips into deficit, and it’s hard to see where supply might come from. Efforts to safely thrift cobalt from batteries have so far proved difficult, with the delayed deployment of “low cobalt” cells this year a clear example.For nickel, long-term fundamentals were already looking tight even without the added pressure of EVs. The metal has endured several “wilderness years” of low prices and underinvestment, with the net result that the market will start to need additional supply as early as 2023.The additional demand from EVs and energy storage creates a widening supply gap that will need investment in the near term to plug. Yet with financiers still nursing wounds from the last cycle of nickel projects, the current appetite for investment remains tepid at best.What does this mean for the EV revolution? The path ahead is by no means easy. Most of the world’s carmakers have or are in the process of adopting so-called ternary batteries that contain nickel and cobalt as part of their electrification strategies. whatsapp Opinion Three metals are particularly crucial when it comes to EV batteries: lithium, cobalt, and nickel.Let’s start with lithium. So far, it’s the metal which has seen prices hold up the best. But it is probably the metal we are most bearish on, despite increased demand thanks to EV manufacturing. We retain the view that we are entering a prolonged period of latent oversupply for lithium, primarily as a result of new hard rock mine supply coming out of Australia.Good news for EVs, you might say. But for nickel and cobalt, the supply picture is altogether more challenging.Cobalt’s idiosyncrasies have become well-known as the EV battery story has gained coverage. Yet a solution to the cobalt conundrum remains elusive.The metal’s reliance on supply from the Democratic Republic of Congo is only going to increase over time, while the risks in that country too are rising. Imminent elections, the continuing Ebola outbreak, sporadic outbursts of violence, small-scale mining practices, and the revised mining code are all high concerns. Monday 17 December 2018 6:33 am SINCE exuberance for electric vehicles (EVs) started to gain traction in recent years, there has been no shortage of bullish forecasts predicting that the end of the internal combustion engine is nigh.In other words, cars as we know them are on their way out. Governments are setting ever more aggressive targets on reducing – or even banning – conventional petrol and diesel vehicles, while carmakers have been jockeying to outdo each other by laying out bullish production plans for new electrified models.Wood Mackenzie’s current EV view is a little more cautious. It has electric passenger cars accounting for six per cent of sales by 2025, 11 per cent by 2030, and 36 per cent by 2040.These projections – certainly more conservative than many in the market, but possibly slightly more realistic – still generate seismic change.The conversation right now is dominated by questions of whether countries will have enough charging points or how much the price of these vehicles must fall before they become a mainstream option.But there is another consideration that gets significantly less attention: as the demand for EVs increases, so does the demand for the metals that make up their batteries. Share City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. With potentially tight markets down the road for both metals, prices could escalate – something that could easily scupper the downward trend in battery costs, and therefore slow the march of EVs.With the current crop of battery technology, achieving vast increases in EV sales by 2030 is going to be very challenging indeed. The age of the electric car? Not before we talk about metals Gavin Montgomery whatsapp Tags: Trading Archivelast_img read more

John Bercow blasted by Tory Brexiters as Theresa May suffers another defeat

first_imgWednesday 9 January 2019 3:16 pm Many Brexiter MPs were furious with Bercow, believing it was effectively unconstitutional to allow a business motion – which sets out what MPs are about to debate and vote on – to be amended.The government lost the vote by 308 votes to 297.Bercow himself seemed to acknowledge the move was highly unorthodox, telling MPs: “If we only went by precedent, manifestly nothing would ever change.”While no debate was allowed on the amendment, which had been put forward by former Tory Attorney General Dominic Grieve, MPs spent more than an hour raising points of order in the Commons to challenge the Speaker on his decision.One of the most angry interventions came from Mark Francois, Conservative MP for Rayleigh and Wickford and a repeated critic of Bercow. Owen Bennett The Speaker denied Francois’s claim he was “overriding” a motion of the Commons by allowing the amendment, prompting the Tory backbencher to claim Bercow was engaging in “sophistry”.He then shouted the move was an “absolute disgrace”.Leader of the Commons Andrea Leadsom challenged Bercow to publish any advice he had received from his clerks – prompting an eruption from Labour MPs who pointed out the government’s own attempts to keep the legal advice it had received on Brexit private.Another Conservative MP, Reigate’s Crispin Blunt, also attacked Bercow, saying many MPs had reached the “uncomfortable conclusion” that the “referee is no longer neutral.”David Morris, Conservative MP for Morecambe, had to be told to sit down by his colleagues as he angrily tried to remonstrate with the Speaker. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailFinancial 10NHL Player’s Wife Is Hands Down The Most Beautiful Woman In The WorldFinancial 10Total PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal Pastmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableybonvoyaged.comTotal Jerks: These Stars Are Horrible whatsapp John Bercow blasted by Tory Brexiters as Theresa May suffers another defeat Share There were some defenders of Bercow on the government benches, with veteran MP Ken Clarke claiming some his colleagues should “don a yellow jacked and go outside” – a reference to the band of protestors who had harassed MPs and journalists in recent weeks.Numerous Labour MPs also came to his defence, with Labour MP Chuka Umunna tweeting: “In the Commons chamber now watching the spectacle of a bunch of Tory MPs, who argued for Brexit to reassert Parliamentary sovereignty, now objecting to the Speaker selecting a motion to be voted on that would empower the House of Commons.”An ugly, lorry load of hypocrisy.” Theresa May suffered yet another defeat over Brexit on Wednesday after a furious row erupted between Tory MPs and Commons Speaker John Bercow.Bercow was accused of not being impartial after accepting an amendment which would force the government to publish its Brexit ‘plan B’ within three days of a defeat on its deal, not the previously agreed 21 days. Tags: Brexit Chuka Umunna People Theresa May whatsapplast_img read more

Is your office too cold? It may be affecting your productivity

first_img whatsapp Wednesday 13 February 2019 9:58 am whatsapp Keith Chanter As Londoners, we like to complain about the weather – it’s one of our favourite pastimes. In fact, office smalltalk has survived on it for decades. But is it productive?With the recent snow and chilly conditions, February has firmly made its frosty presence felt, so complaints from employees about office temperatures will undoubtedly have increased. Tags: Company Senior by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funnybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comMisterStoryWoman files for divorce after seeing this photoMisterStoryScientific MirrorLily From The AT&T Ads Is Causing A Stir For One ReasonScientific MirrorBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerGadgetheory39 Of The Most Beautiful Women In HistoryGadgetheory Sharecenter_img More From Our Partners ‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live Is your office too cold? It may be affecting your productivity For example, air conditioning, which is commonly used to regulate the temperature in modern buildings, can remove moisture from the atmosphere. And the lack of humidity in an office can inadvertently increase the likelihood of the spread of illnesses – not unlike being on an plane.Workplace design should also be considered, as temperature complaints often centre on some areas being too hot and others too cold.Some arrangements might see employees lined up along windows, where space tends to be colder, while the photocopier sits proudly in the middle of the office where it is usually warmer – an obvious error.This is where hot-desking and flexible working policies can make an impact. Allowing employees to sit wherever they like in the office in order to feel more comfortable can help minimise complaints.When it comes to settling the office temperature debate, making the case to senior managers that the environment is having a detrimental impact on performance and wellbeing is likely to help move the needle.A few simple changes around the workplace could make everyone feel much happier, healthier, and more productive. The “too hot or too cold in the office” debate should serve as a wake-up call for senior managers to check that the environment they provide for their employees is setting them up for success.Achieving an optimal temperature should be high on the priority list; it is a vital step towards improving employee productivity – a concerning subject for the whole country.Legally speaking, the temperature of a workspace should not slip below 16 degrees celsius. But this can still sometimes feel cold, and the knee-jerk reaction is often to crank up the heating and turn on portable heaters to feel more comfortable.This, however, can mask other issues.We took part in a new office productivity study, backed by the government, which uncovered for the first time how environmental factors in UK workplaces, such as fluctuating temperatures, wear workers down. Significantly, humidity and carbon dioxide levels were also revealed as important factors. Plummeting outdoor temperatures can mean that windows in offices are rarely or never opened, limiting the introduction of fresh air and elevating CO2 levels, which can drastically decrease cognitive functions.The study revealed that, in one building, people actually worked 38 per cent faster when CO2 concentrations were reduced. But compared to temperature, the effect of CO2 in our workplaces generally goes unmonitored and undetected.Even if buildings meet ventilation standards or use air conditioning, this may not mean that high CO2 levels are being effectively measured and reduced. A symptom of elevated concentrations can be your office feeling “stuffy” – often mistakenly put down to high temperatures.So while employees may want to feel warmer, think first about how much fresh air they are receiving, rather than just about how changing the temperature may affect working performance.Admittedly, office ventilation may not be a business leader’s top concern, but it plays a major role in creating a work environment that helps employees feel healthy and happy.last_img read more

China invites chancellor Philip Hammond to visit despite war of words over British patrols in Pacific

first_img whatsapp The Chinese foreign ministry has said it would welcome a visit from the UK government’s chancellor of the exchequer, Philip Hammond, just a day after he said that relations with China had been affected by talk of Britain deploying a warship in the Pacific. Read more: Defence firm BAE plugs £20m into artificial intelligence on UK warships Hammond’s trip to China last week was called off, according to reports, following defence minister Gavin Williamson’s claims that the UK would use military force to support its interests after Brexit and deploy a new aircraft carrier in the Pacific. The chancellor said that he was disappointed China had reacted badly to Williamson’s comments, but now the Chinese government has responded by claiming Hammond is welcome to visit.“China sets great store on Sino-Britain ties, and hopes Britain can earnestly respect China’s core interests and concerns, and make efforts for promoting the healthy and stable development of relations,” Chinese Foreign Ministry spokesman Geng Shuang said at a daily news briefing, according to Reuters.“As for the issue of chancellor Hammond visiting China, we have said that we welcome him to visit,” Geng added.The relationship between China and Britain has continued to grow in recent years. China was Britain’s sixth largest export market in 2017 with sales worth £22.3bn, while it was also its fourth largest source of imports, worth £45.2bn.  Share China invites chancellor Philip Hammond to visit despite war of words over British patrols in Pacific Michael Searles center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthMisterStoryWoman files for divorce after seeing this photoMisterStoryPost FunRare Photos Show Us Who Meghan Markle Really IsPost FunBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreaker whatsapp Read more: Britain must ‘enhance lethality’ after Brexit, says defence secretaryBoth sides have talked of a “golden era” of relations and agreed in 2018 to attempt to agree a “top notch” free trade deal after Brexit.The UK has been trying to negotiate a trade deal with China for some time ahead of Brexit, but official talks can not begin until after leaving the EU – currently scheduled for just over a month’s time, on 29 March. Friday 22 February 2019 10:00 am Tags: Brexit People Philip Hammondlast_img read more

Uber partners with insurtech startup to offer digital insurance

first_imgThursday 30 May 2019 10:32 am Uber partners with insurtech startup to offer digital insurance James Booth Ride sharing giant Uber has struck a deal with a US insurtech startup to offer digital insurance for its drivers.Inshur uses information about average trips, locations and driver ratings in near real-time to calculate the price of the driver’s policy.Read more: Uber facing £1bn VAT tax bill after HMRC opens investigationThe startup says drivers can log into its app using their Uber ID, scan their licences, select a form of insurance and pay for their policy in the app within three minutes.Fred Jones, director, Uber London, said: “Safety is at the heart of everything we do and motor insurance is at the heart of private hire safety. We have introduced many new safety features in the app and improved our processes over the past 18 months.”Read more: Uber launches electric bike-sharing scheme Jump in LondonDavid Daiches, co-founder, Ishur, said: “We have built a data-driven technology platform, secured insurance capacity with a trusted global insurer and are scaling our business in New York and the UK.“The relationship with Uber further extends our focus on technology, data and real-time usage based risk assessment. The aim will be to reward the safe and highest rated professional drivers, this is a great thing for everyone.”In February Inshur closed a series A investment round led by reinsurance giant Munich Re, securing $7m (£5.6m) in equity funding and a further $2m credit facility.Uber’s float earlier this month in New York gave the company a valuation of $82bn.Read more: Four things we learnt from Uber’s stock market debut Read This Next20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamourWhat Causes Hair Loss? Every Trigger ExplainedVegamour’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe WrapSmoking and Hair Loss: Are They Connected?VegamourThis Is How Often You Should Cut Your HairVegamourRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap center_img Tags: Insurance Uber Share whatsapp whatsapplast_img read more

December may not turn out to be the Brexit election after all

first_imgThis may be why we have suddenly seen rushed-through spending splurge pledges (many of them fudged or uncosted), from the Conservatives’ 40 new hospitals and 20,000 police recruits, to Labour’s £250bn public investment plan and renationalisation bonanza, not to mention gimmicks like interest-free loans for electric cars.  Opinion whatsapp Sixth-form students assumed the role of candidates (one for each party) and published simplified manifestos based on what the national parties had put forward. whatsapp It’s a narrative that has renewed resonance after MPs voted tentatively in favour of the hard-won Brexit deal in principle, but then scuppered any attempt to pass it in time to meet the Article 50 deadline. December may not turn out to be the Brexit election after all Not for real, of course, but in a school-wide mock poll to get us all engaged with politics back in 2005.  Rather, the prize has as much chance of going to whoever talks most convincingly about something – anything – else and comes up with a small but simple bribe that exhausted voters who are fed up with three years of inaction can believe might actually happen. As ammunition, they have the Supreme Court ruling that the government’s prorogation of parliament was unlawful (much as Boris may have hoped for public anger against the judges, polls show that the majority of people were on the side of the Court – and the Queen), as well as the fact that the Prime Minister went back on his infamous promise that he’d rather be “dead in a ditch” than extend the Brexit process.  Even if it had been a hot topic, the Green candidate made no effort to explain climate change to us or make the case for recycling or renewable energy. Instead, she baked hundreds of cupcakes, covered them in bright green icing, and offered them to anyone who pledged to vote for her. She won far more votes than anyone expected, including mine. Merry Christmas, UK voters. Boris Johnson’s de facto chief of staff Dominic Cummings has certainly been itching to go ahead with his message of “parliament versus the people” since he joined the Downing Street team. He has painted the Prime Minister as the Brexit champion seeking a new mandate from the public in the face of obstruction from a recalcitrant establishment.  Share I have been wrong about most of the predictions I have ever made, but I am willing to venture that this may not turn out to be a Brexit election at all. There is simply no such thing as a winning Brexit position, not even “getting it done”.  Think less on the scale of grand national industrial strategies or visions of global Britain – and more free cupcakes. And yet, so far these have come a distant second to the promise to make Brexit go away.  Main image credit: Getty And thus I learnt my first political lesson: elections may be fought on policies, but they are won on  bribery – the simpler the better.center_img While the Conservatives are hoping that the public will blame MPs rather than the government for this forced backtrack, Labour will hammer home that a broken promise is still a broken promise. I don’t remember who won, but I know exactly who came a very close second because it was a shock: the Green Party. I’d love to say that it was because we were as environmentally activated as today’s climate-striking school students, but it wasn’t – back then, the environment was still a fringe issue, with the economy and the Iraq War taking centre-stage.  The received wisdom is that this election will be all about Brexit. “Get Brexit done” was, after all, the slogan repeated ad nauseum at the Conservative party conference. Friday 25 October 2019 4:45 am And that might be an appealing offer, if anyone actually believed it. But while people may be suffering from intense Brexit-fatigue, they are not deluded into thinking that there is any hope of it ending anytime soon, as new research from Deltapoll showed this week.  A dog waits for its owner as outside an estate agents shop set up as a temporary polling station in Sheffield, England on May 07, 2015 as Britain holds a general election. Polls opened today in Britain’s closest general election for decades with voters set to decide between the Conservatives of Prime Minister David Cameron, Ed Miliband’s Labour and a host of smaller parties. AFP PHOTO / PAUL ELLIS (Photo credit should read PAUL ELLIS/AFP/Getty Images) It is the Brexit infighting in parliament that has dominated the news cycle for the past three months. But while there is undoubtedly public anger on both sides of the Brexit divide about how this has been handled, there is also anger about everything else that has been put on hold while this interminable battle over what is essentially a trade arrangement rages on. Britain is once again facing an election. Depending on the length of extension to Article 50 offered by the EU and the consent of MPs, the Prime Minister has called for the country to go to the polls on 12 December. Labour’s Brexit policy is less catchy (renegotiate a deal, hold a referendum on it, remain ambiguous about which side the party would campaign for), but it’s looking like the core message from Jeremy Corbyn and his team will be that Boris can’t be trusted, on Brexit or anything else.  Everyone, then, is making a similar offer to the electorate: vote for us, and we will sort this Brexit mess out better than the other guys.  City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Such fatalism means that politicians’ laser-like focus on this one issue is likely to be misplaced. Indeed, the Deltapoll figures also show that fewer than one in three voters see Brexit as the most important issue to them personally. The vast majority of the public (78 per cent), do not expect the Brexit issue to be “finished” by the end of this year, over half (57 per cent) do not think it will be sorted by the end of 2020 either, and 31 per cent doubt it will ever be over at all. I was 14 when I voted in my first election. Rachel Cunliffe by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamaMisterStoryWoman files for divorce after seeing this photoMisterStorybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comJournalistateTeacher Wears Dress Everyday, Mom Sets Up CamJournalistatezenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comlast_img read more

UK women earn £263,000 less than men

first_imgThe number of male and female UK workers and jobseekers with master’s degrees or PhDs is now higher than those without qualifications. Men can expect to earn £643,000 throughout their working life, whereas the average for women is £380,000. “Across every age group, the average future lifetime earnings of women with master’s or PhD degrees is substantially lower than that for men with undergraduate degrees,” the ONS noted. Gender pay gap: UK women earn £263,000 less than men over working life Edward Thicknesse The ONS study shows that the average working woman can expect to take home 59 per cent of what the average man takes home. Share Read more: UK inflation stays at Bank of England’s two per cent target Tuesday 29 October 2019 2:39 pm A separate ONS report on the gender pay gap found that it currently stands at 8.9 per cent among full-time employees, little changed from 2018, and a decline of only 0.6 percentage points since 2012. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndoNinjaJournalistMichael Jordan’s Divorce Settlement Has Finally Been Revealed.NinjaJournalistUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoPost FunWoman Refuses To Tip Waiter But Didn’t Realize What She Left At The TablePost FunUndoYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamaUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndo whatsapp The figures show that the gender pay gap has narrowed in the recent years, but only marginally. Women’s earnings are only three per cent higher as a proportion of men’s in 2018 than in 2004. The total value of the UK’s human capital is estimated at £21.4trn, about ten times that of its GDP. British women will earn £263,000 less than their male counterparts over their life, according to new data from the Office for National Statistics (ONS). Read more: Female bosses launch campaign to close the gender pay gap The data also suggests that those workers who have Masters degrees or PhDs also benefit, with earnings roughly £65,000 – 10 per cent – higher than those with undergraduate qualifications. There are 4.5m of the former and 3.4m of the latter in the UK. The ONS’ report on human capital is an attempt to put an economic value on the skills, knowledge and experience of the UK workforce. Despite high levels of employment and a spate of recent pay increases, average lifetime earnings grew at the second-slowest rate since 2004. The disparity is particularly stark for women with Master’s degrees and PhDs aged 26 to 35, who earn considerably less than men of the same age who only have undergraduate qualifications. whatsapp Among all employees the gender pay gap fell from 17.8 per cent in 2018 to 17.3 per cent in 2019, and continues to decline. Women in this age bracket have average lifetime earnings of £803,000, whilst the average for men totals around £1.2m. However, women with advanced qualifications still had lifetime earnings roughly a third lower than men with the same degrees. Tags: employment and wageslast_img read more