Business

Jaguar workers put on three-day week until Christmas

Image copyright Getty Images About 1,000 workers at Jaguar’s Castle Bromwich plant in Birmingham will move from a five-day to a three-day week from October until Christmas. Jaguar Land Rover said it was making “temporary adjustments to our production schedules” at the factory. It was standard practice to “regularly review its production schedules to ensure […]

Business

No-deal Brexit would hit UK economy, says IMF

Media playback is unsupported on your device Media captionChristine Lagarde has warned that a “no-deal” Brexit would entail “substantial costs” for the UK economy The International Monetary Fund has warned that a “no-deal” Brexit on World Trade Organization terms would entail “substantial costs” for the UK economy. The IMF said that all likely Brexit scenarios […]

Business

Income 'not the only factor' in poverty

Image copyright Getty Images “Inescapable” costs, like childcare and disability, should be considered alongside income when measuring poverty in the UK, experts say. The Social Metrics Commission says the proposals make “significant changes to our understanding” of poverty. The measurement puts 68% of those in families where no-one works in poverty and 9% in families […]

Business

Cyber attack led to Bristol Airport blank screens

Image copyright Sammer Tang Image caption The screens at the airport stopped working on Friday morning Bristol Airport has blamed a cyber attack for causing flight display screens to fail for two days. An airport spokesman said the information screens were taken offline early on Friday to contain an attack similar to so-called “ransomware”. They […]

Business

Cancelled Dwarfanators wrestling show 'to sue venues'

Image copyright Extreme Dwarfanators Wrestling Image caption Morningside Arena in Leicester, The Ferndown Leisure Centre in Dorset, and the Corn Exchange in Devizes have all cancelled the event Organisers of a dwarf wrestling show have said their firm is taking legal action against venues that cancelled their events. The Extreme Dwarfanators Wrestling show is touring […]

Business

The Bezos backlash: Is 'big philanthropy' a charade?

Image copyright Getty Images Image caption Amazon owner Jeff Bezos has been criticised by President Trump for paying “little or no taxes” “Great fortunes,” the American industrialist Andrew Carnegie is reported to have said, “are great blessings to a community.” No doubt the beneficiaries of multibillionaire Jeff Bezos’s new philanthropic fund will agree. The richest […]

Business

'The Bank of Mum and Dad will run dry'

Image copyright PA Image caption A mock funeral procession was held as a marketing gimmick after Wonga collapsed Families will be unable to provide the extra financial support needed by their loved ones if lending from credit firms is choked off, a trade body has warned. The Consumer Credit Trade Association said its members were […]