The UK’s consulate in southern Iraqi port city of Basra will close its offices soon as part of the coalition government’s austerity drive to reduce spending, local media reported. The consulate has been the British government’s only outpost here since 2004, which is located in a high-security zone in the city’s heavily-guarded airport. The Foreign [...] Read more »
London 2012 Olympics: how the Games will boost the UK economy by £16.5bn
Construction, tourism, jobs and the “happiness effect” from the London 2012 Olympic Games will leave a British legacy. Shropshire-based firm Golden Bear, which is producing the Olympic mascots, has gone on to win a contract to make BMW toys Imagine a new development in one of the world’s largest global cities, minutes from its major [...] Read more »
The decline, fall and rebirth of IT education
Cultivating a strong tech economy is essential to the UK’s future prosperity. But as the country’s technology and engineering sector continues to face a massive shortfall of skilled workers, has the IT undergraduate degree simply had its day? Computing undergraduate courses are experiencing an alarming decline, according to research published in February. Overall, the number [...] Read more »
Immigration does not cause unemployment
Study refutes claim that foreign nationals are depriving British-born workers of jobs There is no link between rising immigration and rising unemployment, independent economists have found – contradicting persistent claims from anti-immigration activists and politicians that an influx of foreign nationals into the UK in recent years has led to more British-born workers on the [...] Read more »
Indian professionals vital for London economy: LCCI
London: Hiring professionals from India and other non-EU countries is vital for London economy, and cutting migration from these countries puts economic recovery at risk, said the London Chamber of Commerce and Industry (LCCI), criticising UK Prime Minister David Cameron’s efforts to slash immigration numbers. The benefits of overseas workers to the London economy are [...] Read more »
‘Guest worker’ plan would hurt the economy
The economists who advise the Home Office on immigration policy have come out against a plan to turn economic migrants into ‘guest workers’. Last week, the Migration Advisory Committee (MAC) published their response to the government’s proposals on restricting settlement rights for skilled workers from outside the EU. With all the debate around David Cameron’s pledge [...] Read more »
Hospitality Industry Could Lead Economic Recovery
Last year, Prime Minister David Cameron placed the hospitality industry at the heart of the UK’s economic recovery. With a package of high-profile events in the pipeline, including the Queen’s Jubilee and the 2012 Olympic Games in London, hospitality is well-positioned to lead the UK economy away from recession. Indeed, a new report from Oxford [...] Read more »
Britain’s new brain drain: A million of our best-qualified citizens now live abroad
Cream of the crop: The number of graduates estimated to be working overseas is now more than one million More than a million of the highest-qualified and best-trained Britons have gone to live abroad and are contributing to the wealth of other countries, a report found yesterday. They have made up more than half of [...] Read more »
New Aberdeen business park ‘to create up to 2,000 jobs’
The plan is for a 54-acre business development at Dyce in Aberdeen Plans for the £100m 54-acre construction at Dyce – called ABZ – have been unveiled, led by Ribnort. The aim is to have the business park’s units ready for occupation from summer next year. George Stevenson, founding director of Ribnort, said: “Attracting new [...] Read more »
Manufacturing needs a focused programme of reform if the UK economy is to thrive
After leading the recovery for 21 months, there is no doubt the manufacturing sector is entering a more challenging period. Our nation, as a result of our very large financial sector, was particularly badly affected and now in common with other developed countries the UK Government is aggressively seeking to rein in debt and reduce [...] Read more »
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