According to the Office for National Statistics, Britain’s annual economy rate in the third quarter has slowed to 1%. It’s the slowest speed in the recent decade, a ONE spokesman said to BBC. The GDP failed to achieve economists’ estimations. The Bank of England expected that the economy in the third quarter would grow by 0.4%. Although the economy avoided a recession, the second quarter’s figure decreased to 1.3%. Some statisticians said economic growth in the third quarter was due to the good economic growth in July. The dominant services sector increased in the second quarter, but the manufacturing industry did not grow, said Suren Thiru, head of economics at the British Chambers of Commerce (BCC). Faisal Islam, an economics editor, thought the “pretty soft” economy in the
With so much conversation about the pay gap in recent years, it can be tricky to decipher the facts and figures and know what it actually means for women in 2019. What does it mean? First, it’s important to note how the pay gap is defined. ONS measures the difference in percentage between men's and women’s median hourly earnings across all jobs in the UK. It is not comparing men and women doing the same job. The Office for National Statistics (ONS) reported in 2018 that the gender pay gap fell to 8.6 per cent among full-time employees in 2018. Among all employees, the gap is higher, however, at 17.9 per cent. This is largely due to the larger proportion of women in part-time jobs, which receive lower pay (“an average hourly rate is £9.36 compared with £14.31, excluding overtime, f
2019 has been the second year that all companies and charities in Britain with more than 250 employees - covering almost half the country's workforce - have had to report their gender pay gap to the Government Equalities Office (GEO). 1.How does it work? Employers must submit an assessment of the gap between what man and women earn on average amongst their personnel. The deadline for reporting these numbers each year is 31st March for public sector organisations and 5th April for businesses and charities. All companies must report the differences between salaries and bonus of employees from both genders on a mean and median hourly basis. 2.What surprises did we get? The Fawcett Society, the UK's leading charity campaigning for gender equality and women's rights, has defi...
The Anglo-Portuguese relations have always been strong, from Vauxhall's tube station all the way to Stockwell, you find yourself in the heart of Portuguese restaurants, hairdressers and delicatessens - which have gathered here over the last 30 years, earning the area its nickname - 'Little Portugal'. London attracts young people of working age from abroad, particularly those countries that were affected by the Eurozone crisis. With the influx of arrivals in search of employment, or studies, it's little wonder Brexit is causing so much debate. Goncalo Correia, 23 years old, currently living in the so called "Little Portugal" - has dreamed about his time in London since he was a child and is now afraid of what might happen. Marta Ramos, a 32 year old portuguese, came to Vauxhall in 20
It's official. UK lactose intolerants are cheering and hipsters are more mainstream than ever. Dairy-free milks have been added for the first time ever to the inflation basket. The results published by the Office for National Statistics included soya and almond milk to a list which the main purpose is to serve as a reference of the actual consumer trends. The Office and several analysts point out that this may have happened due to the recent growth of "free-from" diets such as Veganism. A new wave of millennials addicted to new trends and worried about their health have pushed these products up to the top of the list. Every day we see in supermarkets how new meat-free, gluten-free or dairy-free options appear on the shelves, on most occasions, at a high value. This can be explained as a
Britain's two largest political parties are moving ever further away, when it comes to economic policy. Last week's budget, delivered by Chancellor George Osborne, reflected a continuing Conservative gameplan of public spending cuts until well into the next Parliament. However, over in the Labour Party, following the election of Jeremy Corbyn MP as leader, austerity has never been more unpalatable. George Osborne stood at the dispatch box last week, delivering a budget with forecasts provided by the independent Office for Budget Responsibility, (OBR). They augur badly for his plans for deficit reduction. In the run-up to the budget, David Blanchflower, former member of the Bank of England Monetary Policy Committee told Westminster World that he expected the forecasts to repre...
Experts are predicting that Christmas sales will grow by 18.4 per cent across Europe this year but that’s because online shopping is becoming popular. Last year a number of retailers found themselves stranded and having difficulties to control the amount of traffic to their websites. Experian, a leading global informative providing data and analytical service to companies and clients around the world said shoppers are expected to rank in more items this years compared to last year as most retailers are now better prepared. The agency says Christmas spending in the UK this years is predicted to rank in more for the economy with online retailers in the UK expected to see Christmas sales grow by 16.9 per cent. The total online sales for the year set to reach £52.25 bn accounting for