Friday, March 29News For London

economy

Why younger people work harder than their parents for less?

economy, Education, Explainer, Explainers, Explainers, Health, International, LifeStyle, youth
https://youtu.be/lfsVrtg7SSQ Video / Jinglin Zhou Millennials and Generation Z, are always faced with high requirements and have to work harder to succeed. A research carried out at OfficeGenie found that millennials worked on average a whopping seven hours and 22 minutes extra each week. Another study from the Workforce Institute at Kronos Incorporated showed 32% of Gen Z respondents say they are the hardest-working generation ever, and 36% believe they "had it the hardest" when entering the working world compared with all other ages before it. But they haven't gain more from hard working. In the UK, salaries for millennials and Gen Z are 20% down on what their parents earned during the same period of their lives. Working harder is not the way that leads to success. I...
Is a circular economy the way out of the Covid-19 economic crisis?

Is a circular economy the way out of the Covid-19 economic crisis?

economy, Environment, Explainer, Explainers, Explainers
Still from video explainer In January 2021, a joint report by academics from 11 UK universities critically explored the potential of a circular economy to tackle the economic impacts of Covid-19. The model appeared also in the last issue of Start Magazine from King's Entrepreneurship Institute as one of the technological breakthroughs that “can help accelerate societies towards a sustainable planet.”  According to Professor Dr. Raimund Bleischwitz from UCL, countries are facing unprecedented challenges concerning climate change, urbanisation and globalisation. The current linear economic model and its “take-make-dispose” scheme are not sustainable. UK think tank, Ellen MacArthur Foundation, has been a leading promoter of the circular economy model. It points to inve
Are electric cars worth the price? Pros and cons of plug-in vehicles

Are electric cars worth the price? Pros and cons of plug-in vehicles

Climate, economy, ed-tech, Environment, Explainer, Explainers, Explainers, Law
Electric cars are becoming more common than ever in British roads, and they are also becoming a much more realistic alternative to gas fueled options. Everyone is talking about it, but a lot of people is still reluctant. The major reason? The price to pay upfront. Courtesy of Tesla, 2021 When talking about purely electric vehicles the first name that comes to our mind is Tesla. The company run by Elon Musk is considered to be the pioneer of this range, with four cars in the market and two on the way, promising a budget vehicle that could cost just 25’000$ in the next three years. With the improvements of battery lives, lower prices and the expansion of the charging network, 2021 becomes the best year to switch to an EV. It is essential to recognize that electric vehicles are
Period Poverty: Scotland raised the question, will England respond?

Period Poverty: Scotland raised the question, will England respond?

economy, Education, Environment, Explainers, Gender, Health, International, Medical, Politics
Period poverty is a public health crisis across the United Kingdom according to official data. In November, Scotland became the first country in the world to make menstrual products free for those in need. What would it take for England to do the same? Westminster World talked to campaigners and experts about the inability to afford menstrual products and period stigma. Photo by Rahul Bamane According to Plan International UK (P.I. UK), a survey conducted in 2019 showed that one in five girls reported being bullied or teased, and nearly 50 percent reported missing a day of school because of their periods.  The same research revealed that women in the UK spend more than £16,500 on period products or aids in their lifetime and ten per cent of girls cannot afford the sanitary p
Shoppers hit Oxford Street as lockdown lifts

Shoppers hit Oxford Street as lockdown lifts

Black Friday, Business, clothes, Covid-19, economy, Fashion, LifeStyle, London, shopping, shopping
Busy store front in Oxford Circus| Photo Credit: Anjali Coronavirus restrictions have had an enormous impact on our daily lives; from jobs to consumer habits and social distancing, businesses and individuals are continuously adapting to survive the lockdown/tier system cycle.  The clothing retail market has experienced economic impact across the scale – from businesses increasingly relying on online sales, to some going into administration. The hospitality sector has suffered too, and currently operates under restrictions to support social distancing.  Tier 2, the category London is in, does not include restrictions on clothing retailers re-opening since the latest lockdown was lifted last week. Shops like Primark kept some of their branches open through Thursday night.
‘All my clients wanted to carry on’ -Why this personal trainer refused to shut her business

‘All my clients wanted to carry on’ -Why this personal trainer refused to shut her business

Breaking News, Business, Covid-19, economy, Explainers, Fitness, Hunger Strike
Image by Jonathan Borba All non-essential businesses and storefronts were ordered to shut down on November 5 ahead of another month-long lockdown. While most shops obliged – (although reluctantly), a few small business owners continued to operate during restrictions. Lauren Sundre*, 27,  is a personal trainer in Liverpool who continued to hold gym sessions despite the regional lockdown. “The main thing that made me continue was the fact that all my clients wanted to carry on. I felt this sense of responsibility to ensure they were able to do so. I felt very strongly of the fact that what I did posed no threat - but actually improved people’s health,” she told Westminster World. As a newly qualified personal trainer Lauren will not receive any financial support from the go
Coronavirus ‘steals’ thousands of students’ internships

Coronavirus ‘steals’ thousands of students’ internships

Breaking News, Business, Covid-19, economy, Education, Health, International, Student, virus
A student from University Collage London is trying to find career help on the school's website. Photo by Jinglin Zhou Thousands of university students find it challenging to get an internship position due to the coronavirus pandemic. Anna Brown, a final year undergraduate student at the University of Westminster, was excited about her new internship offer. She just got a position as a copywriter intern in an education agency after struggling for 35 days. "I have worked part-time jobs in three companies in the four years of university. And this is the most difficult time," said Anna. Usually, the upcoming Christmas holiday is the best time for students to find a work placement. However, it's difficult this year due to the financial recession and increasing unemployment. Acc...
First Christmas after lockdown: The last chance for independent shops

First Christmas after lockdown: The last chance for independent shops

Black Friday, Business, Christmas, Covid-19, economy, London, UK news
For Christmas trade, independent business owners are cautiously optimistic. Have they lost the opportunity to make money? In a toyshop, electric toy cars are at discounts to encourage customers to buy.Credit to Peiyun He England’s current lockdown will end on Wednesday 2nd December. Shops, gyms and personal care services can reopen. Meanwhile, Christmas is around the corner. For retailers, the Golden quarter – which incorporates both Christmas and Black Friday – will be critical this year. UK shoppers are planning to spend an average of £346 on Christmas gifts this year, according to an annual study by American Express . This is 11 per cent more than a year ago, with Brits spending £312 on Christmas presents in 2019. However, some shops might have already missed the opportunit
Did Boris Johnson force us into a second lockdown based on fake data?

Did Boris Johnson force us into a second lockdown based on fake data?

Covid-19, economy, Explainers, Law, London, News, Opinion, Politics, Student, UK news
Photo By: Andrew Pearsons Prime Minister Boris Johnson is allegedly under the impression that he was fooled into enforcing a national lockdown due to ‘dodgy’ data. According to Government scientists, Covid-19 related deaths could rise to 4,000 a week; 4 times the peak we saw in April.  This figure is now being discredited, with conflicting data released last week, suggesting cases were dropping, and the second wave may have peaked before the second lockdown began on November 5.  Shops and businesses forced to close during second lockdown. Photo: Amelia Hallsworth Figures released last week show 20,572 cases recorded, down from the previous week’s number of 23,254.  A total of 156 deaths were recorded across with the UK, compared to 162 from the week prior.&nb
COVID-19 vs Economy: Is there financial aid for businesses and workers during quarantine?

COVID-19 vs Economy: Is there financial aid for businesses and workers during quarantine?

Covid-19, economy, Explainers, Health
In 2020, an outbreak of the novel coronavirus, also known as COVID-19, has led many countries to take measures and introduce quarantine. A quarantine is a restriction on the movement of people and goods which is intended to prevent the spread of disease or pests. (Source: https://en.wikipedia.org/wiki/Quarantine)  Italy became the first European country to announce a lockdown in the 14 northern regions on 9th of March 2020 because of COVID-19. In order to avoid financial crisis, governments of these countries introduced certain financial aid that aims at supporting small and medium businesses and the employees.  Currently, only essential businesses are allowed to operate in the UK, such as supermarkets, drugstores, pharmacies, polic...