The Chartered Institute of Personnel and Development (CIPD) has said that government spending cuts could raise employment levels from 2.5 million to nearly 3 million. Cuts in the public service must be made to avoid sharp tax rises. Chief economic adviser John Philpott has estimated that half a million jobs are likely to be lost [...]
Following the recent oil spill in the gulf of Mexico, BP’s shares have fallen almost 40%. President Obama launched an attack on BP on Tuesday 8th of May stating he would sack the chief executive of BP if he could. President Obama has called for the chief executive of BP to step down as soon [...]
Increasing player wages is threatening the stability of premier league football clubs. During the 2008 to 2009 season clubs spent sixty seven percent of their income on player wages. Chelsea had the highest wage bill at £167 Million while Manchester City’s wage bill went up from £54 Million to £83 Million. During the last 3 [...]
Many businesses are relying on young people working for them unpaid. One in five businesses will offer work placements and internships this summer but many are expected to offer these as unpaid. Sectors like fashion have unpaid internships available for newly graduates, but the employers have to be careful that they are not laying out [...]
The 2010 Fifa World Cup in South Africa has been insured for an estimated £6.2 Billion. The world’s biggest insurance company, Lloyds of London, is holding policies for Fifa, the national teams, broadcasters and a number of other firms. Training facilities and stadiums are insured for £3.2 Billion. Broadcast rights, sponsorship, prizes, competitions, and any [...]
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