Tag Archives: employment

Are you looking for a job?

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You are not the only one. Everyday we see reports on the crisis, the recession and the uncertain times for business and employment. Today BT shed 10,000 jobs as profits slide; British Telecom are of course one of the main service providers of UK broadband, phone lines, mobile products, digital TV, web hosting, online security and networked IT services for the home. These measures are symptomatic of the present economic climate and are unfortunately being implemented on a large scale, as reported daily.

This meltdown is forcing the Government to take more than just a position; they must take action. Mervyn King is determined to kick-start the economy, focussing on inflation he said that he will cut rates again and again. Gordon Brown said last week that he wanted to cut business taxes. The Opposition has said that this would help 350,000 people back into work, as well as reducing the tax burden on business by £2.6 billion and saving as much in unemployment benefits. Could it be a good solution or an unfunded tax cut? To find out more about this topic please follow this link to the article on westbury.co.uk!

Our monday review

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Good morning. Let’s start the week with a quick update from the Business World:

1) “London rallies on China’s £375bn stimulus plan,” says the Timesonline.co.uk today. “Shares in London rose by over 130 points in early trading as mining stocks soared on China’s surprise plan to pump four trillion Yuan (£375 billion) into the world’s fastest growing economy.”

2) “Gordon Brown hints at tax cuts,” writes the Guardian.co.uk. “Prime Minister suggests taxes will be reduced to push the UK out of recession. At the weekend the Financial Times reported that ministers were drawing up an emergency package of tax cuts. It said that, according to experts, cuts would have to be worth about £15bn to have much effect.”

3) “Jobless total set to soar to 1.8m,” reveals the Financialtimes.com. “Unemployment is likely to have risen above 1.8m, the highest level since 1998… Economists at the Royal Bank of Scotland and BNP Paribas expect that unemployment will continue to rise sharply next year and could reach 2.7m by the first quarter of 2010.”

4) Reuters.com writes, “Circuit City Stores Inc, the No. 2 U.S. consumer electronics retailer, filed for bankruptcy protection on Monday, falling victim to tighter credit terms from vendors and a loss of market share to Best Buy Co, Wal-Mart Stores Inc and other rivals… Circuit City filed a week after saying it would close 155 stores, or more than one-fifth of its retail base, and eliminate 17 percent of its U.S. workforce. It also said it was considering all options to restructure.”

5) The Christian Science Monitor starts its new life today: from daily-print format to a multi-platform news organisation with a 24/7 daily online publication, a weekly print edition and a daily electronic subscription product. Here we have the future of journalism: this event marks the definitive step to the digital age, as Marketwatch.com explains.