Likewise, Amazon has made next day delivery of just about anything you can think of completely standard, creating vast wealth in the process. It might be worth pausing to consider what the entrepreneurs behind those successes had got right, but instead Labour’s allies just want to destroy them. Finally, while we may not always commercialise...
Tag: ECONOMY
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Report: Digital Job Growth in UK Hits Lowest Level in Decade
Great Britain’s digital sector is reportedly seeing its slowest job growth in a decade. As Bloomberg News reported Thursday (July 11), this has led the incoming Labour government to promise to revitalize the industry as it seeks to fuel growth. The number of digital jobs climbed by just 0.3% last year — the lowest figure since a...
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New UK government faces tough economic challenge
Britain’s new Labour government has pledged immediate action to grow the economy after clinching a landslide election victory to oust the Conservatives, but its task could be hampered by strained state finances following huge Covid expenditures. New UK government faces tough economic challenge The centre-left Labour administration led by Prime Minister Keir Starmer has promised...
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UK Labour to seek economic growth of 2.5%
LONDON: Keir Starmer, who polls show is on course to be Britain’s next prime minister, says his Labour Party would target economic growth of at least 2.5% if it came to power at the July 4 general election. “Under the last Labour government, we grew by about 2.5%,” Starmer said in an interview with ITV...
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‘Only one British applicant out of 200’: how the UK lost its work ethic
Battered by the financial crisis and pandemic, Britain has lost its culture of risk-taking. In the third of a special election series, The Telegraph examines how this has affected the economy and whether Labour can bring swashbuckling back to the City. When Stuart Forrester and his wife founded their business and marketing consultancy in 2006,...
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Hunt takes on Reeves after claim Labour is ‘natural party of British business’
For the assembled chief executives of UK Inc, the claim that the opposition Labour Party is the “natural party of business” might have been hard to digest a year ago, but it landed well at a summit on Thursday, two weeks before the general election. Shadow chancellor Rachel Reeves told senior executives of some of...
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Why Britain’s biggest economic problem is proving near-impossible to fix
This is particularly worrying for economic growth. Almost all of the economy’s expansion has been driven by the rising number of people in work in recent years, according to Tony Wilson, director of the Institute for Employment Studies. “For the last 20 years or more, economic growth has been driven by employment growth rather than...
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UK tech bosses urge focus on AI skills and growth in high-stakes election — no matter who wins
U.K. Prime Minister Rishi Sunak (left), leader of the incumbent Conservatives, and opposition leader Sir Keir Starmer of the Labour Party. The politicians traded barbs in their first head-to-head debate on Tuesday ahead of the July 4 General Election. Pa Images | Getty Images LONDON — British technology executives and entrepreneurs want the next government...
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These European countries spent the most on tourism in 2023
The UN World Tourism Organization has tracked which countries spend the most on tourism, earn the most and the most visited destinations last year. ADVERTISEMENT German, British and Italian tourists are among some of the highest spenders when it comes to travel. That is according to the UN World Tourism Organization (UNWTO), which has tracked...
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Rachel Reeves claims Labour can be pro-worker and pro-business
UK shadow chancellor Rachel Reeves has told business leaders that Labour can be trusted with the country’s economy and that together with businesses and workers, the opposition party can “bring growth back to Britain”. In her first major election campaign speech on Tuesday, she said a Labour government would be both “pro-business and pro-worker” and...
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From tax to homes, UK politicians make economy a battleground for election
British Prime Minister Rishi Sunak’s Conservatives and the opposition Labour Party will focus on the economy as they ramp up their campaigning for a July 4 national election. British Prime Minister Rishi Sunak delivers a speech calling for a general election, outside Number 10 Downing Street, in London. (Reuters) Sunak said on Wednesday that “brighter...
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Ikea cancels store opening in landmark London location due to ‘unforeseen issue’
Ikea has announced the cancellation of an opening of one its stores in a landmark London location. The Swedish homeware retailer confirmed the opening of its Oxford Street shop has been postponed in order to fix leaks in the building’s basement. This is the second time the proposed store has been forced to pushback its...
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