LABOUR are seeking power with a pack of lies they hope voters are too dim to rumble.First the ever-expanding “magic money tree” manifesto. Now, Jeremy Corbyn claims he would create one million “decent” jobs for young people.What an insult to our intelligence. Labour intends to impose the highest tax burden in a lifetime. It is a nailed-on recipe for vast job losses.Income tax hikes would strangle consumer spending, along with the inevitably swift interest rate rise now being predicted under a Labour Government.Increasing the minimum wage beyond levels firms can afford would be a fatal blow to struggling small businesses and the staff they would have to lay off.But the worst of it is reversing low corporation taxes, the very policy which has helped the Tories achieve all-time record levels of employment.Since 2010 we have seen investment pouring in, start-ups galore and the tax take RISING. That would all be blown apart at the very moment, with … [Read more...] about Jobs in peril as Labour seeks voters with a pack of lies and hopes voters are too dim
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DIEGO COSTA'S exit Stamford Bridge means Chelsea have banked a bonkers £500milllion over the past three years.But which players will Blues chiefs feel smug about shifting and who are the ones that could return to bite them?SunSport takes you through 31 players to have emptied their lockers at Cobham over the last three years and lined the club's coffers with half a billion quid...Kerching. Brazilian attacker undoubtedly had talent but never showed up in big games - and Blues made a £35m profit.The fact player swapped Prem title tilt for mounds of Chinese cash in poor-quality league spoke volumes about his motivations. Deal rating: 9/10The Brazil-born striker's goals helped fire Blues to two Prem titles under Jose Mourinho and Antonio Conte, filling the void left by Didier Drogba.But his strops on and off the field made Conte's mind up that he had to move on the Spain No9.Having paid £3m LESS to land Alvaro Morata, who is four years Costa's junior, Blues have doubled … [Read more...] about Chelsea transfers rake in over £500m in just THREE years… but who will they regret axing?
Donald Trump used his first speech to Congress to deliver a message of unity and calling for a "renewal of the American Spirit".In the address, which was interrupted 94 times by applause, Trump called on America "to be empowered by our aspirations, not burdened by our fears".The US President offered the most restrained and detailed explanation of his America-first world view and was seen as an attempt at healing the divides which have dominated the country since his inauguration in January.He also said that what his country was witnessing was the "Renewal of the American Spirit" and allies would find that "American is once again ready to lead".Trump added: "My job is not to represent the world. My job is to represent the United States of America.""I am here tonight to deliver a message of unity and strength, and it is a message deeply delivered from my heart."We just need the courage to share the dreams that fill our hearts, the bravery to express the hopes … [Read more...] about Donald Trump promises to crush ‘vile’ ISIS and secure America’s borders as he attempts to heal rifts in first speech to Congress
YOUNGSTERS aged 21-24 will get a pay rise of up to £450 a year from today as the minimum wage rises by 25p an hour.Around 270,000 British workers will get the hike pushing up the hourly rate to £6.95 an hour.Young workers grafting for 35 hours a week will get a £450 annual boost while 210,000 workers under-21 will also see a rise.It will rise by the same amount to £5.55 for 18 to 20-year-olds and by 13p to £4 an hour for 16 and 17 year olds.Apprentices under 19 will get a 10p rise to £3.40.Business Secretary Greg Clark said the increase would push the National Minimum Wage to its highest ever level but unions called for all workers to get the national living wage of £7.20.Mr Clark said: "The Government promised to create an economy that works for all and today's increase means our lowest paid workers will benefit from their largest pay rise since the recession."This will make a real difference to hard-working people up and down the country and means … [Read more...] about Younger workers on the minimum wage to get £450 pay rise as part of Government’s promise to make the economy work for all
THE truth is we are sick and tired of finishing second best.It is all happening again, Roy, and nobody can ever come to terms with it.England’s boss was too damn clever for his own good, showing off to his Uefa chums by making six changes for Slovakia.He mixed, matched, and got hopelessly muddled up.Joined-up thinking would have told him to pick his main men and get the job done inside the hour.A few hundred miles down the road in Toulouse, Chris Coleman only started sparing some tired legs when Wales were home and hosed against Russia.Gareth Bale, Joe Ledley and Joe Allen were all taken off in the final 20 minutes.By then, they were 3-0 up and top dogs again.Here in Saint-Etienne Hodgson was barking up the wrong tree and England, shamefully really, contrived to finish second in a group behind a country they beat five days ago. That is the price we must pay after Clever Clogs got carried away with the streaky smash and grab against Wales.It says everything that the call … [Read more...] about England 0 Slovakia 0: Roy Hodgson’s team gamble fails to pay off as Three Lions draw a blank in St Etienne
UK unemployment held at 4.3 percent in the third quarter — maintaining its joint lowest level since 1975, the year of "Brentry." There were officially 1.44 million unemployed, down 215,000 in the last 12 months, with an extra 420,000 jobs created, according to the Office for National Statistics (ONS). The jobless rate hasn't been this low since Harold Wilson was prime minister and Britain entered the European Economic Community (EEC), a forerunner of the EU, 42 years ago. But there is a snag in the beautiful story. Official figures this week also showed a sixth straight month of negative real earnings, posing a dilemma for the central bank as it ponders a change in its medium-term monetary policy stance and a hike in interest rates in November to dampen inflation. Wages grew 2.2 percent in the three months to August, the same level recorded in the three months to July, the ONS said. After taking into account the Consumer Prices Index (CPI) 12-month inflation … [Read more...] about More work, less pay: Is the UK’s low-wage economy working?
A heated debate in Germany about curbing executive pay and holding managers personally liable for huge losses at banks in the wake of the global financial turmoil came to a head this week with a number of German bankers being asked to return their bonuses. The former chief executive of the bankrupt mortgage lender IKB now has to return last year’s 805,000 Euro remuneration to his ex-employer. Stefan Ortseifen was charged for making the private bank Germany’s first victim of the sub-prime crisis, according to the Thursday edition of Sueddeutsche Zeitung. Four other top managers were also similarly charged, and one of them even voluntarily returned the 558,000 euros that IKB claimed he didn’t deserve, according to Germany's mass circulation Bild newpaper. When IKB collapsed last year, heralding the arrival of the banking crisis from across the Atlantic, European leaders had already started calling for the heads of overpaid corporate bosses responsible … [Read more...] about Experts Divided Over Executive Pay Curbs in Germany
Board members at Germany's 30 DAX-listed firms earned on average 2.9 million euros a year in 2010, a 22 percent increase over the previous year, a new study has found. That puts their pay levels back to 2007 levels, before the global financial crisis took a chunk out of executive pay checks. While German executives seem to have emerged from the crisis years with their bank accounts quite healthy, they still don't have the kind of compensation packages their US counterparts enjoy. In fact, German executive pay is somewhat in the middle of the field in international comparisons, according to the new study on compensation released this week by the DSW investors' association. CEOs in Germany earned on average 4.5 million euros in 2010, higher than in France (just over 3 million euros) but below Switzerland, where 5.3 million euro is the average. Germany falls far behind countries like the United States, which has the highest rates of executive compensation. American top bosses earn … [Read more...] about German execs’ pay jumped in 2010, but not to US levels
Between 250,000 and 570,000 jobs could be cut as an effect of the minimum wage being introduced in Germany next month. This was the claim of a study released this week by the Initiative for New Social Market Economy (INSM). INSM, funded by German employers' organizations from the metal and electricity industries, which describes itself as a non-partisan group of German political, economic and academic experts. The study emphasizes Germany's good track record for improvement to the labor market and unemployment rates in the last decade, warning that "implementing a statutory minimum wage threatens to jeopardize this progress." From January 1, 2015, most German employers will have to pay their employees at least 8.50 euros ($10.55) per hour. Twenty-one out of the 28 EU member states already have a national minimum wage, but this will be the first time one is introduced in Germany. The law was pushed through after long discussion in the German parliament and is one of the Social … [Read more...] about Minimum wage will lead to job cuts, say businesses
As Greece's lawmakers faced an agonizing vote over tough new austerity measures, their French counterparts had a relatively easy time approving a new bailout agreement for Athens Wednesday, aimed to avert a financial catastrophe for the country and keep the 19-member eurozone intact. In separate votes, France's National Assembly and Senate overwhelmingly backed the deal reached by eurozone leaders after marathon weekend talks, becoming the first of several European parliaments to examine it. "We must be at the side of the Greeks, and ensure that the eurozone that we belong to must be protected," a French President Francois Hollande said after Wednesday's vote, echoing a message of solidarity he has sounded often these past weeks. The process was purely consultative, but the results underscored France's strong support for keeping Greece in the currency union - in sharp contrast with Germany, where lawmakers approved the deal after a long debate in the Bundestag on Friday. Few … [Read more...] about As Greek crisis lingers, France worries about its own future