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Hourglass figures: growth in low-skill jobs makes workforce bottom-heavy – Research suggests Britain’s economy has shifted more towards low-skilled jobs and less towards high-skilled ones compared with other European countries.
Midlands businesses set to benefit as EU pledges fresh support for regions – EU funds that are among the largest supporters of small businesses in northern England will continue and could be extended to the Midlands, the European Investment Bank has confirmed.
Energy bondholders at risk as bank loans ebb – Banks have begun cutting back on the reserve financing Texan oil and gas firms rely on as the price of crude oil falls.
Jobs revival drives growth in wages to fastest for two years – The recovery in the jobs market is at last starting to filter through to workers’ pay packets with wages growing at their fastest annual rate for two years. Official data yesterday showed the labour market continued to strengthen: real wages rose for the second month running, unemployment fell to a six-year low of 5.8 per cent and the number of vacancies reached a record high.
Toyota’s sales reign under threat – Toyota is forecasting that annual sales will fall this year as slowing growth in emerging markets threatens to bring an end to the group’s three-year reign as the world’s top-selling carmaker. The Japanese company yesterday said it once more held on to pole position in the global car market, with sales of 10.23m cars and trucks in 2014 – edging out Germany’s Volkswagen, at 10.14m vehicles. General Motors sold 9.92m.
Gangs push cost of retail thefts past £600m – The annual cost of retail crime in the UK broke through £600m last year as organised gangs stole high-value goods such as designer clothing, electrical goods and alcohol to sell on.
Rate rise unlikely after experts change their minds – The prospect of an interest rate rise this year receded yesterday after it emerged that two Bank of England policymakers who has been supporting a rise since last summer has changed their minds.
Unemployment -The number of people out of work has fallen to its lowest level in more than six years and wages have outstripped inflation for the third consecutive month. Those out of work fell by 58,000 to 1.91million in three months to November and the jobless rate dropped to 5.8per cent, the Office for National Statistics said.
Drivers ignoring danger faults – Nearly half of all motorists take to the road with at aleast one risky defect on their vehicle, a survey has revealed. One in eight (12 per cent) drove despite knowing they had faulty lights, the same number ignored defective tyres and 4 per cent went out with broken indicators.