Rachel Reeves is set to announce the establishment of an Economic Advisory Council to spearhead Labour’s primary “national mission” of economic expansion following the party’s recent landslide victory in the general election. The council will be chaired by John Van Reenen, a distinguished innovation expert and former Downing Street policy adviser during Tony Blair’s tenure. […]
Heathrow Airport has been compelled to reduce the landing fees it charges airlines following intervention by the competition regulator. The Civil Aviation Authority (CAA) announced that the cap for landing charges will be set at an estimated £23.73 per passenger next year and £23.71 in 2026, approximately 6% lower than initially anticipated. In March last […]
The finalists of the 2024 Black British Business Awards have been announced ahead of the gala in October. Returning for the eleventh year, the BBBAwards celebrate the outstanding achievements of Black professionals and entrepreneurs in the UK. Winners from six industry categories will be revealed at the ceremony which will take place on Friday, 11 […]
Hundreds of British workers will soon have greater flexibility over their working hours as part of a new pilot by the official four-day week campaign. This six-month project, building on the initial 2022 trial, will explore various flexible working models, including flexible start and finish times, a nine-day fortnight, and compressed hours. Six businesses have […]
The new Labour government is taking a firm stance against increasing worklessness in the UK. Liz Kendall, Secretary of State for Work and Pensions, has called the current levels of unemployment “unacceptable” and proposed several measures to address the issue. Among these measures is the introduction of a national jobs and careers service aimed at […]
Microsoft and Apple have withdrawn from their board observer seats at OpenAI in response to global regulatory concerns about the relationships between big tech firms and influential AI start-ups. Microsoft, which has invested $13 billion in OpenAI, informed the ChatGPT maker that its resignation was “effective immediately” less than nine months after assuming the role. […]
A recent study by A.I. productivity platform Plus Docs, analysing the latest data from the Bureau of Labor Statistics (BLS), has found a 2.4% increase in working hours in New York for the period of 2022-2023, accompanied by a 1.8% decline in labor productivity. Nationally, the average hours worked increased by 1.7%, and labor productivity […]
Radio 2 presenter Jeremy Vine is the latest celebrity facing scrutiny from HMRC under the IR35 rules, with the tax authority pursuing him for alleged unpaid taxes incurred while working for the BBC. Court documents reveal that Vine has been in a dispute with HMRC since 2018 over whether he should have been classified as […]
Sir Keir Starmer is set to present Labour’s investment agenda to global financial leaders at a conference in early October, aiming to attract tens of billions in foreign capital. The summit, scheduled for around 8 October, aligns with Labour’s pledge to host the event within 100 days of taking office. The date is expected to […]
The Irish government has announced a nearly 7% increase in public spending as part of its pre-election budget. This move comes despite a previously set rule in 2021, which capped public spending growth at 5% annually. The government cites a faster-than-expected population increase as the primary reason for this deviation. Finance Minister Jack Chambers stated, […]