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The Financial Times
Manufacturers are scaling back their hiring and investment plans for the first time in almost six years as their confidence buckles in the face of slower global trade. Manufacturers have been struggling all year with falling output and orders, but until now they have stuck to their plans to continue to invest and hire. The latest quarterly survey from the EEF manufacturers’ association shows that, for the first time since the start of 2010, more respondents replied “no” than “yes” when asked whether they planned to hire and invest more in the next 12 months. The survey did not ask whether they planned to cut jobs or investment.
The Daily Telegraph
British retailers are expected to face a further headache as they process the business rate changes they will face in the next couple of years. The business rates review in 2017 is expected to bring the largest change to business rates for high street retailers in a generation. However, only retail centres in London and the south east are expected to suffer from an increase in business rates, according to a report by Colliers International, the commercial property agency.
While the government should have assessed three-quarters of properties in the first rate review since 2010 by January, retailers will only be informed of their new bill next October.
The controversial businessman who has bankrolled Ukip and now intends to use his fortune to spearhead the campaign for Britain’s exit from the European Union does not shy away from speaking his mind. After all, Arron Banks – the millionaire co-founder of what has quickly become the largest Brexit group – recently described Ukip’s sole MP Douglas Carswell as “borderline autistic with mental illness wrapped in”.
More than nine out of 10 bosses support the introduction of a national living wage next year, according to research for the Government. Ministers welcomed the backing from industry and urged firms to start preparing now for the new rate of £7.20 an hour for over 25-year-olds from next April. The survey of 1,000 bosses showed that 93% supported the initiative, with majority believing it will boost productivity and help to retain staff.
The Daily Mail
However, the RAC Foundation urged councils to reveal ‘exactly where this huge excess ends up’. The organisation analysed parking data in financial reports from English councils. The five authorities with the largest surpluses were all in London, led by Westminster with a whopping £46.4million raked in from parking.