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Gender Pay Gap In UK Still ‘Stubborn’

Gender Pay Gap In UK Still ‘Stubborn’

Gender Pay Gap In UK Still ‘Stubborn’. Female graduates are being paid thousands of pounds less than men in the same job, an equality group is warning.

The UK’s gender pay gap remains “stubborn,” with female graduates often earning as much as £8,000 less than their male counterparts, an equality group has warned.

Women’s educational success is not being carried through to the workplace, with many earning less than men even if they have studied the same subject, the Equality and Human Rights Commission (EHRC) said. read more

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Card Fee Cap Could Save Businesses £480m

Card Fee Cap Could Save Businesses £480m

Card Fee Cap Could Save Businesses £480m. The Treasury hopes the change will push prices down for shoppers and encourage more businesses to allow card payments.

Businesses are set to save millions as a cap on credit and debit card transaction fees comes into force.

The EU has imposed a limit on how much card companies can charge retailers to use electronic payment systems. read more

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Mixed reaction to Black Friday

Mixed reaction to Black Friday

HOPPERS lined up waiting for stores to open for Black Friday bargains.

They queued up early outside Marks & Spencer and were quick to search Churchill Square in Brighton looking for a cut-price steal yesterday.

Larger chain stores in Sussex such as Tesco did a brisk trade other town centres were more subdued as shoppers turned to the internet.

The Open Market in Brighton took Black Friday more literally – slashing its black clothing to half price. read more

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Spending Review Result 2015

Spending Review Result 2015

Spending Review Result 2015. George Osborne has unveiled the results of the government’s spending review; here we analyse the key points in 25 main areas.

Tax credits

  • All cuts to tax credits are to be cancelled.

Rowena Mason, political correspondent: Osborne has clearly surprised his MPs by totally abandoning his tax credit changes, which would have cost affected families up to £1,300 each and caused consternation on his own side as well as the opposition. It is a 100% U-turn since his aides were insisting up until recently that he was committed to the cuts in principle. read more

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Spending Review Today

Spending Review Today

Spending Review Today is the day when the Chancellor will reveal his plans for Government spending and the nation’s finances.

The spending review sets the amount Government departments will spend – a £4tn budget over the next five years.

Spending reviews were introduced by Gordon Brown in 1998 and the last one was in 2013. read more

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Black Friday 2015

Black Friday 2015

Black Friday 2015: UK Shoppers expected to almost DOUBLE their spend on fashion, tech and more.

According to data UK shoppers will double their spending during this year’s Black Friday 2015 on 27 November .

The stats, from Emarsys – a global marketing software provider, predict we will be doubling our average spend on the latest fashion items, as well as tech, sports and larger outdoor items – with average order values increasing to £122+. read more

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Heads To Roll As Scandal-Hit VW Names New Boss

Heads To Roll As Scandal-Hit VW Names New Boss

Heads To Roll As Scandal-Hit VW Names New Boss. Porsche chief Matthias Mueller is tipped to succeed Martin Winterkorn, who resigned in the midst of VW’s emissions scandal.

Embattled car-maker Volkswagen is set to name its new chief executive today, as it tries to deal with the biggest crisis in its history.

Porsche boss Matthias Mueller is expected to get the nod, replacing Martin Winterkorn, who resigned on Wednesday after it was revealed VW had fitted millions of cars and vans with software which allowed them to falsely pass emissions tests. read more

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Volkswagen Sued Over Diesel Emissions Scandal

Volkswagen Sued Over Diesel Emissions Scandal

Volkswagen Sued Over Diesel Emissions Scandal. VW’s boss will meet board members later as the firm is sued by consumers and faces a criminal probe over cheating emissions tests.

A law firm is suing Volkswagen in the US over the “defeat devices” used to fool emissions tests on diesel cars.

Lawyer Robert Clifford said the impact was “massive” and that car buyers had not got what they paid for. read more

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UK GDP Fourth Quarter Figure Reaches 0.7%

UK GDP Fourth Quarter Figure Reaches 0.7%

The Office for National Statistics releases data on the economic output for the last three months of 2013, showing growth at 0.7%.

The British gross domestic product (GDP) figure for the fourth quarter of 2013 stood at 0.7%, with growth for the full year reaching 1.9%.

Output for 2013 reached its fastest annual rate of growth for six years, according to the Office for National Statistics (ONS).

The figures were in keeping with forecasts made by economists and the FTSE 100 was trading up slightly after the data was released at 9.30am. read more

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Non-EU Banks Slip Through Bonus Cap Loophole

Non-EU Banks Slip Through Bonus Cap Loophole

Wall Street banks can raise bonuses without a vote from their parent’s shareholders under new EU rules,

Major global banks such as Morgan Stanley and Nomura are benefiting from a loophole in new European pay rules that could leave British rivals at a big disadvantage.

Sky News understands that banks based outside the European Union (EU) are able to approve bigger bonuses for employees of their subsidiaries in the trading bloc without recourse to external shareholders.

That means Wall Street and Asian banks can instantly consent to variable pay for senior staff worth double the level of their salaries, the maximum permissible under the new EU cap. read more

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