Unite union set to strike

petrol

The UK’s largest union is balloting its members to determine whether strike action will be used in the dispute over working conditions of delivery drivers in the oil sector. Unite’s national officer Matt Draper said: “The professionalism of tanker drivers is at stake. We should not accept a lowering of standards so that the oil [...]

Hard times for housing benefit claimants

housing

£150m will be removed every year from the Scottish economy as a result of the UK Government’s new Housing Benefit law.  More than 95,000 households in the social rented sector will be affected by the reform and this will mean an average monthly loss of up to £65 for claimant tenants. Great concern has been [...]

Tesco announces the creation of 20,000 jobs

Tesco

After recent criticism over presumed employee exploitation in Tesco, the supermarket giant published some good news, announcing plans to create 20,000 new jobs in the next 2 years. Prime Minister David Cameron has welcomed the plan, which he hopes will provide a boost for Britain’s struggling economy. In a statement he complimented Tesco on their [...]

Salmond “scared of separation”

Iain Gray used today’s First Minister’s Questions to corner Alex Salmond over his refusal to name a date for Scotland’s referendum on independence, accusing the First Minister of being “scared of separation”. In typical First Ministers’ Questions style, Mr Salmond responded in kind by accusing the Labour leader of being “frightened of the concept of [...]

Effects of recession on smaller businesses

An example of businesses closing down due to the financial climate in 2010.

By Sean Stringer With the announcement of a nationwide financial crisis, fears were raised about the effect it threatened to have on the future of both local businesses and more established nationwide organizations. With the public spending less money, due to the fact income is said to be 10% lower than it would be if [...]

Chinese whisky drinkers aid Scottish economy

Scotch Whisky as a Geographical Indication

By Brad Jones Today, Vince Cable signed an agreement with China that will make sure that Scotch Whisky sold in China is sold according to UK rules. It is expected that this will increase sales of Scotch Whisky in China by tens of millions of pounds per year. The ruling means that Scotch Whisky is [...]

International News Round-up

The Tokyo male wore a prosthetic mask to board the flight

By Adam Bergin Caribbean: A passenger plane in Cuba has crashed in the centre of the country, killing all 68 people on board. The Aerocaribbean aircraft had been flying from the eastern city of Santiago de Cuba to Havana when it crashed in mountains near the town of Guasimal. A Civil Aviation Authority statement said [...]

Navy privitasation plan sparks union anger

courtesy of www.btinternet.com

By Jamie Patterson Expected  plans to privatise a historic navy fleet have outraged union leaders today. The Royal Fleet Auxiliary, a civilian fleet which has delivered ammunition, food and fuel to ships for over a century, is due to be considered for privatisation under a Ministry of Defence report due today. Maritime Union RMT have [...]

Subaru withdraw from World Rally Championship

By Ashleigh Morris The world of motorsports has been dealt another blow with Subaru’s announcement that it is withdrawing from the 2009 World Rally Championship after 20 years in the sport. The decision was in response to the economic downturn and follows Suzuki’s decision to withdraw the previous day. Tom Morris, former winner of the [...]

Bail out tussles in Brussels

At a time of bleak economic news where the Sterling is nearly matching the value of the Euro, the pound reaching an extraordinary low today – European heads of state gather in Brussels. The atmosphere is tense. At PMQs Gordon Brown had a Freudian slip, saying that the government “saved the world” instead of “saved [...]

Bank Of England Cut Interest Rates

The Bank of England have announced that they have cut interest rates by 1%. This decision, made at noon, reduces the rate to 2% which is the lowest it has been since 1951. In a poll by Reuters, 40 out of 62 financial experts asked, stated that they thought this was the step that the [...]

The Pre-Budget Report, A Reaction and Interpretation.

By Lindsay Muir. Yesterday the Chancellor of the Exchequer, Alistair Darling, unveiled the most anticipated pre-budget report in twenty years. The report is the basis for some radical changes and tax-cuts designed to buffer the force of the recession which looks certain to hit in 2010, perhaps even before the end of the year; and [...]

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