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13 May 2011 ~ Comments Off

British think tank warns household incomes to drop to 2005 levels

Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – British households have lost about $750 (GBP 500) in the past 12 months, according to a study by the Institute for Fiscal Studies released on Friday. It is considered the largest drop in household income since 1981, and is equal to what households made [...]

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10 May 2011 ~ Comments Off

Report: British public workers get higher pay hikes than private sector employees

Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – The pay gap between public and private sector employees in Britain widened further from 2008 to 2010, according to a study by British think tank Policy Exchange released over the weekend. According to the report, a government sports and leisure assistant got an average [...]

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03 May 2011 ~ Comments Off

British think tank foresees bright future for country’s marine energy sector

Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – Carbon Trust, a British government think tank, foresees a bright future for the country’s marine energy sector whose value is expected to reach $114 billion (GBP 76 billion) in the next four decades. Carbon Trust released Monday an analysis of the sector, weeks after [...]

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27 April 2011 ~ Comments Off

Report: British workers average 10 unscheduled days of absences yearly

Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – British employees logged an average of 10 unscheduled days of absence yearly, according to a report by PricewaterhouseCoopers released Tuesday. American workers reported a lower 5.5 days of unscheduled days of absences annually, Asian workers registered 4.5 days and Western European workers had 9.7 [...]

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08 April 2011 ~ Comments Off

Britain to hike national minimum wage beginning October

Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – More than 890,000 British workers are expected to benefit from a recommendation from the Low Pay Commission to hike the national minimum wage beginning October. The new rates, which ministers have approved, are $9.96 (GBP 6.08) per hour for adult workers and $8.16 (GBP [...]

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20 February 2011 ~ Comments Off

Malaysian fund joins race for Quinlan’s stake

OIL-RICH Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) is thought to be interested in buying bank loans associated with Derek Quinlan’s stake in the €1.2bn-valued Maybourne hotel group in London, which owns the landmark Claridge’s, Connaught and Berkeley hotels. View full post on All Stories

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10 February 2011 ~ Comments Off

NYSE Euronext, Deutsche Borse mull merger

Vittorio Hernandez – AHN News New York, NY, United States (AHN) – The New York Stock Exchange Euronext and Deutsche Borse announced Wednesday that the two bourses are in discussions for a merger. The disclosure came a day after a similar announcement that surprised the global business community was made by the London Stock Exchange [...]

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08 February 2011 ~ Comments Off

Bankers’ pay deal slows business lending agreement

Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – The British coalition government had been bogged down in its talks with large banks under Project Merlin because of details on bankers’ pay. Agreement on more restraint and transparency on bonuses for bankers is slowing the possibility of reaching a deal for banks to [...]

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01 February 2011 ~ Comments Off

1.6 million Britons to pay higher income tax rate

Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – A study released Monday by the British think tank Institute for Fiscal Studies said that more Britons will pay higher income tax rates. With these changes, effective tax rates for middle-income Britons could reach 83 percent, the IFS estimated. It is the same tax [...]

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31 January 2011 ~ Comments Off

British unions plan massive strikes to protest cuts

Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – To protest massive spending cuts by the British coalition government, unions are planning massive public strikes. The Trades Union Congress has scheduled a strike for March 26, three days after the release of the budget. The TUC expects at least 1 million members to [...]

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