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Monday BreifingBack

The Financial Times

 

Employers more downbeat on hiring hiring

UK employers’ attitudes to hiring have become markedly more pessimistic, according to a survey that gives one of the clearest indications to date on the effect on the Brexit vote on the labour market. The CIPD association of human resources professionals, which conducted interviews both before and after the June 23 referendum, found a “significant change for the worse” in the share of employers expanding their workforces compared with those reducing staffing. The difference between these groups — the net score — fell especially sharply in the private sector, from +39 before the Brexit vote to +25 afterwards.

 

 

The Times

 

More lorry drivers fined over migrantsmigrants,lorry

The number of hauliers fined for carrying migrants in their trucks has risen five-fold in four years amid warnings that people smugglers are targeting lorries in northern France that are bound for Britain. Figures from the Home Office show that the number of truckers handed fixed penalties increased by a third to almost 3,200 over the past 12 months. Drivers can be issued with fines of up to £2,000 for every person found hidden in their vehicle at British ports or the Eurotunnel under rules designed to cut the number of stowaways entering the country. Critics have accused the government of effectively outsourcing border security to the haulage industry by placing the responsibility on drivers to keep out migrants from mainland Europe.

 

 

UK Reuters

 

VW gets approval for another 460,000 diesel-car fixes vw emissions 2

Volkswagen has won German regulatory approval for technical fixes on another 460,000 diesel cars with illicit emissions control software, it said on Sunday, raising the number of vehicles cleared for repair to over 5 million. Approval by Germany’s motor vehicle authority KBA is valid for countries throughout Europe where 8.5 million diesel cars are affected by Volkswagen’s emissions test-rigging scandal. About 11 million autos are implicated globally. In the United States, where VW’s manipulations came to light eleven months ago, the German group still lacks technical fixes and is in the process of testing hardware and software that could help it avoid having to buy back about 475,000 affected cars. VW said on Sunday that Germany’s KBA had signed off on a fix for models with smaller 1.2-litre diesel engines, such as the Polo subcompact and Spanish division Seat’s Ibiza model.

 

Brexit could be delayed to late-2019 as government not ready brexit image 7

Britain’s exit from the European Union could be delayed until at least late 2019 because the government was too “chaotic” to start the two-year process early next year, the Sunday Times reported, citing sources it said were briefed by ministers. Britain voted to leave the EU onJune 23, but views differ over when it should invoke “Article 50”, which sets the clock ticking on a two-year deadline to leave the bloc, with some senior politicians calling for a quick departure. Prime Minister Theresa May, who campaigned for Britain to remain in the EU and leads a cabinet of ministers from either side of the debate, has said she will not trigger Brexit talks this year as Britain needs time to prepare. But British government ministers have warned senior figures in the City of London, London’s financial district, that Article 50 was unlikely to be triggered early in 2017 because the situation in government was “chaotic”.

 

 

The Daily Mirror

 

Desperate car dealers slashing prices of new motors by more than £10,000 – NFDA Comment new car sales

Dealers desperate to flog new cars are slashing ­prices by more than £10,000, writes Stephen Hayward in the Sunday People . Bargain hunters prepared to shun the second-hand market for new motors will be quids in.

The massive summer discounts of up to 35 per cent mean it can be cheaper to buy a pristine family car than a nearly new one.

Posted by Paul Carpenter on 15/08/2016