Legal Advice Sought By Many Businesses Regarding Redundancies
There has been a marked rise in the number of legal enquiries from businesses looking to reduce their workforce as the credit crunch and economic slowdown continues to grip the UK market. This news follows recent reports that Marks and Spencer was looking to reduce the package available to those made redundant by the retail giant - something which the Unions have complained about. So are we on the verge of major redundancies across the UK?
There is no doubt that the UK economy is set to fall further with inflation sucking the last of any spare funding which the consumer. Business levels are falling across the board, finance is proving very hard to come by and there appears to be more doom and gloom just around the corner. Even the Bank of England - which has attempted to remain as upbeat as possible throughout the credit crunch - now seems resigned to the fact that a major slowdown, if not a recession, is inevitable.
The next few months could see the UK economy take a further lurch downwards which would kill any trace of consumer confidence in the fragile economy. If the UK consumer loses yet more confidence in the economy we could be in real trouble.
Share this..
Related stories
Lloyds bank launches £13.5 billion rights issue
Today we have seen Lloyds bank launch a £13.5 billion rights issue which is roughly in the middle of market expectations. This is the first step in the next phase of the recovery process for Lloyds bank and will allow the company to buy itself out of the UK government's asset protection scheme and also inject further capital into the company's balance sheet. So what next for Lloyds bank?
<...
Inflation fears subside
Inflation in Britain fell back in April after hitting a ten-year high in the previous month, government figures have shown.The Office for National Statistics (ONS) said that consumer price index (CPI) inflation last month was 2.8 per cent, compared to 3.1 per cent in March.March's figure led to Bank of England governor Mervyn King being compelled to write to chancellor Gordon Brown explaining why...
Read MoreWhy comparing bank accounts can save you money
The vast majority of people in the UK are unlikely to have changed their bank account over the last decade even though the process has never been easier. There are hundreds of thousands of sites on the Internet which offer access to the best rates and the best returns available and indeed in many cases the companies involved will "do the paperwork for you". So why are UK consumers and UK businesse...
Read MoreGordon Brown's demise may herald a new era in UK politics
While he may not be on the rack quite yet the open revolt throughout the Labour Party has caused many to look beyond the current government and plan for the future. It looks as though Gordon Brown may well have presided over the demise and almost certain death of New Labour and allowed Old Labour to rise from the ashes like a phoenix.
We are now seeing more and more MPs stepping fo...
Alistair Darling cuts rise in business tax
In a move which has been welcomed across the business arena Alistair Darling has today confirmed that the expected 5% increase in business tax rates will be reduced to 2% this year with the remaining 3% spread over the next two years. However, while the reduction in the rise (which has been prompted by a significant fall in inflation) has not quelled the anger felt by many business leaders.
...