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Economy

Flights cancelled by Flybe amid talks over job cuts

3 April 201919 January 2024Political Fiber0

The Regional airline Flybe cancelled dozens of flights from a number of UK airports today, blaming a shortage of pilots. It also confirmed that it was in consultations over job losses as it prepares to cut jet flights in favour of cheaper turboprop planes. The restructure includes ending jet flights from Exeter, Cardiff, Doncaster and […]

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Brexit stockpiling boosts manufacturing growth

1 April 201919 January 2024Political Fiber0

Manufacturing growth in the UK hit a 13-month high last month – driven by factories stockpiling goods ahead of Brexit, new figures have shown. Research by IHS Markit/CIPS revealed that the increase in stock being held by firms was at a record high for the third month consecutive month. The manufacturing sector’s Purchasing Managers’ Index […]

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£4m pay deals for executives ‘brings UK into disrepute’

26 March 201919 January 2024Political Fiber0

A committee of MPs has called for action to be taken over excessive pay awards for UK company bosses. They say the awards are damaging the UK’s reputation and want remuneration packages for business leaders to be linked to those of their workforces. MPs on the Business Select Committee said ‘corporate greed’ was behind a […]

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Brexit

Nissan millions under threat after about turn on UK plans

5 February 201919 January 2024Political Fiber0

The car maker Nissan must re-apply for almost £60m of taxpayer cash after it decided not to proceed with plans to build the X-Trail SUV at its Sunderland plant. A deal struck between the Government and Nissan in 2016 stipulated that the cash would only be paid if the car was made in the UK. […]

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Westminster

UK’s house price growth has ‘almost ground to a halt’

31 January 201919 January 2024Political Fiber0

House prices in the UK ‘almost ground to a halt’ in January, according to figures from the Nationwide. The building society said growth was the lowest for almost six years, with prices up 0.1 per cent – they went up by 0.5 per cent in December. It is the worst set of figures from the […]

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Business

London Pride brewer sells up to Japanese for £250m

30 January 201919 January 2024Political Fiber0

Japanese drinks giant Asahi has bought the brewery arm of Fuller’s in a £250m deal as a shake-up in the global beer industry continues. Asahi has promised to keep open Fuller’s historic Griffin Brewery in west London, which has been producing beer since 1654. Fuller’s, which brews London Pride, says it will focus on its […]

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Brexit

Airbus threatens to quit UK in the event of a hard Brexit

24 January 201919 January 2024Political Fiber0

The plane manufacturer Airbus said today that it would move its wing-building operation out of the UK if there is a no-deal Brexit. Chief executive Tom Enders said crashing out of the EU without a deal would force the company to make ‘potentially very harmful decisions for the UK.’ He said it was a ‘disgrace’ […]

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Dyson

Dyson says Brexit not behind HQ’s move to Singapore

22 January 201919 January 2024Political Fiber0

Dyson has denied that Brexit is the motive for their decision to move their global headquarters from Wiltshire to Singapore. The company says there will be no job losses among the 4,000 UK staff it employs  and that its UK base at Malmesbury will continue to be developed. Two executives will move from the UK […]

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UK economy

Marks & Spencer names latest round of stores facing closure

15 January 201919 January 2024Political Fiber0

The latest wave of stores targeted for closure as part of a major re-organisation have been announced by Marks & Spencer. More than 1000 staff will be affected if the 17 stores do close as the chain presses on with its long-term plan to reduce its High Street presence. Mark & Spencer have already closed […]

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Business

Up to 5000 Jaguar Land Rover jobs to be cut

10 January 201919 January 2024Political Fiber0

More than 12 per cent of the workforce is facing the axe at Jaguar Land Rover (JLR), the company announced today. The company said it will cut as many as 5000 posts out of a total UK staff of 40,000, with management, administrative and marketing roles most at risk. Some production staff could also go […]

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