On the face of it, Dyson’s business is in rude health. Sales hit a record £7.1bn last year, while earnings before interest, tax, depreciation and amortisation, a measure of profit, was close to an all-time high at £1.4bn. However, growth has slowed in recent years. Between 2015 and 2019, revenues trebled, climbing from £1.7bn to...
Tag: Jobs and employment
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I spent a day in Britain’s employment tribunals… and found a barmy system that is about to get worse
The paperwork involved was jaw-dropping. Ringbinders, described in lawyer-speak as “bundles”, ran to hundreds of pages. It is referred to throughout: “Please look at the email which you sent to the applicant on July 12. You’ll find this on page 300. Have you got it?” Within moments I understood why, even for the most scrupulous...
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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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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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Unemployed Britons to do migrant jobs under Labour plans
Unemployed Britons will be trained to do jobs normally taken by overseas workers to cut net migration, the Shadow Home Secretary has said as she unveiled Labour’s plans to curb Britain’s reliance on foreign labour. Yvette Cooper told The Sunday Telegraph that a new cross-government drive will be launched aimed at training up the unemployed to fill roles...
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Broken Britain: How the wage squeeze left us being treated as a developing country
“It seems that the recent increase in wages is a cyclical phenomenon driven by labour shortages as a result of Brexit, people dropping out of the workforce following the pandemic and a rebound in growth,” says the economist Julian Jessop. “We will not get a structural, long-term increase in wages until there is sustained productivity...
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The sickly seaside town that turned its back on work
Baroness Grey-Thompson also believes society has written off many disabled people unfairly. She believes many want to, and can, work. Ableism is rife, she claims, adding that she has also felt patronised in the past by people who believe they know best. “Disabled people are ignored – they are 20pc of the population. But it...