Search Results for: economy

Bank of England predicts rising inflation and real income slow down

Bank of England predicts rising inflation and real income slow down

Mark Carney, Governor of the Bank Of England, announced that it expects inflation to hit 2.75% by the end of 2018, as well as food, energy and clothes prices rising even faster with wages not keeping up. For now interest rates remain the same but post-Brexit growth will be faster this year than the Bank previously predicted. Nov 3, 2016
What does the Uber tribunal ruling mean for the gig economy?

What does the Uber tribunal ruling mean for the gig economy?

In October, a London tribunal ruled that Uber drivers are entitled to basic work benefits such as sick pay and holidays. The move has widely been viewed as a landmark ruling, and the first major challenge to the emerging gig economy in the UK. Uber argue that all their drivers are in fact self-employed, but workers and some unions dispute this, and say the company is trying to avoid paying out costly benefits. Uber currently has 40,000 drivers working in London. Nov 1, 2016
Poaching: Tragic decline of the African elephant population in numbers

Poaching: Tragic decline of the African elephant population in numbers

There was a 30% decline in African savanna elephants from 2007 and 2014. Forest elephants suffered a 65% decline between 2002 and 2013. Poaching is the main threat to African elephants today. Despite an international ban on ivory in 1989, conservationists say we entered a second poaching crisis in 2009 as many Asian economies have grown – thus increasing the demand for ivory. Nov 1, 2016
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