Providers of the government’s welfare-to-work scheme who fail to help enough people find jobs will see their business given to rivals, the employment minister says.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
Vince Cable calls for RBS prosecutions decision
Business Secretary Vince Cable has written to the Scottish legal authorities urging a rapid decision on whether to prosecute former directors of Royal Bank of Scotland.
George Osborne warns Bank of England over economic recovery plans
Chancellor tells Sir Mervyn King that financial policy committee must consider impact of its actions over bank capital
Apple to break borrowing record with bond to fund capital return
Apple has been flooded with orders from investors for a bond sale that is poised to be one of the biggest in corporate history.
Barclays wins Libor appeal in £70m mis-selling case
Barclays has won the right to try to dismiss the first attempt to bring it to court over its alleged rigging of Libor interest rates.
Chat app messaging overtakes SMS texts, Informa says
Instant messaging on chat apps, such as WhatsApp, has overtaken the traditional SMS text message for the first time, according to research firm Informa.
Facebook deserted by millions of users in biggest markets
Facebook’s dominance in the social media world has come under threat from newer services such as Instagram and Path
Economy and growth hit by infrastructure plan ‘chaos’
Chaotic decision making and lack of vision at the heart of the Government’s infrastructure plans are harming the economy and holding back growth, politicians and economists have warned.
‘Austerity makes it sound evil, I call it balancing the budget’
Angela Merkel tried to contain her irritation when asked at a podium discussion in Berlin whether southern European countries could take much more German-ordered austerity.
Fears over weak earnings hit Apple
Apple investors’ nerves were rattled on Wednesday as concerns about falling earnings were compounded by poor results from a supplier and more criticism in the Chinese media.
UK unemployment rise adds to pressure on Osborne’s austerity strategy
Unemployment reaches 2.56 million as another 20,000 under-25s add their names to the register
Selfridges demands fees from suppliers for payment
Selfridges has been criticised for placing its suppliers between “a rock and a hard place” by forcing them to pay a fee simply to have their invoices settled.
Enterprise zones struggle to boost jobs
Some of Britain’s enterprise zones have yet to create a single job in a sign that a flagship government economic policy could fail to meet expectations.
MPs demand inquiry into HBOS directors’ ‘bonuses for going bust’
£914,000 cash – attributed to ‘change of control’ at bank – paid out to directors following bailout
IMF raises concerns over QE ‘cold turkey’
Loose central bank policies may threaten global financial stability when interest rates rise because lenders could become “addicted” to central bank financing and put off vital reforms, the International Monetary Fund has warned.
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