Archive for the 'Manufacturing' Category

04 Jan

Asda unveils 20 office wear

As prices crash around us, it was only a matter of time before someone introduced the £20 suit.
Today, Asda will launch its ‘City suit’, designed for the businesswoman who wants to dress to impress - even on a credit crunch budget.
Available in sizes eight to 22, the design includes a black single-breasted jacket, trousers […]

29 Dec

300,000 jobs ‘to go in three months’

The bloodbath will claim victims in every sector of the economy in ‘the worst year for jobs in two decades’.
The Chartered Institute of Personnel and Development also said it expects another 300,000 posts to be axed by next Christmas.
John Philpott, chief economist at the institute, said personnel departments would ‘feel more like ER or […]

29 Dec

Credit crunch quiz

1. Who possibly stands to lose £2bn in the next year? a)Nicola Horlick, because she invested in the Madoff pyramid scheme. a)Kate Moss, if new übermodel Jourdan Dunn takes her crown. c)Bernie Ecclestone, if wife Slavica decides to divorce him.
2.Who objected to having money thrown at them? a) Ryman’s customers, who […]

21 Dec

The art of gifts that will grow in value

Christmas toys are broken by Boxing Day or soon forgotten as worthless junk left at the back of a cupboard. But it is possible for parents to give a child lasting pleasure with a gift that also rises in value.
David Kiss, a partner at the Rocking Horse Workshop in Hodnet, Shropshire, believes toys built […]

18 Dec

Cabinet split over Jaguar bailout

With manufacturers claiming a ‘national emergency’, the Treasury and the Department for Business are at loggerheads over a £1bn rescue package to the luxury car company.
Chancellor Alistair Darling is wary of triggering demands from other industries and insisted yesterday that the interests of taxpayers were of ‘critical importance’. At the same time, Lord Mandelson, […]

15 Dec

How to earn an income from your savings

How would you feel if your boss said your pay was being cut by more than half with only three months’ warning? Unfortunately, that is the equivalent of what has happened to millions of people who rely on the income from their savings to make ends meet.
The Bank of England base rate has fallen […]

11 Dec

Pound parity with euro may be weeks away

The crash in the value of the pound came as latest manufacturing figures showed the depth of the UK’s industrial slump, a recession which a leading Bank of England rate-setter said will continue to deepen until the end of next year.
In further bad news for holidaymakers and importers, £1 was today capable of buying […]

30 Nov

Call for radical cut to interest rates

A ’significant and sustained’ downturn in the economy has prompted the call from manufacturers, while struggling small businesses say that Chancellor Alistair Darling’s Pre-Budget stimulus package does not go far enough.
The market is already anticipating another significant reduction in borrowing costs after last month’s surprise 1.5 percentage point drop in the base rate.
City opinion […]

17 Nov

The recession map of Britain: London and South-east ‘will be hardest hit’

Almost two in five of jobs lost will be in the two regions (see map right and below) which have been the engine room of the British economy over the past decade, according to Town Hall chiefs.
But the renaissance of Northern cities such as Liverpool and Manchester, devastated during the industrial decline […]

16 Nov

Insurance for a boiler emergency

Most energy companies offer standalone home emergency insurance cover, costing between £4 and £26 a month, depending on the level of cover.
Comparison websites such as uSwitch.com, moneysupermarket.com and energyhelpline.com can help householders to scour the market.
Homeowners should first check if their home insurance already provides cover. If not, most mainstream insurers let customers add […]

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