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Business Tesco’s chief hits out as profit warning hits shares The new boss of Tesco has attacked his predecessors for adopting “artificial” tactics to hit aggressive profit targets in the final few months of each financial year. Tesco’s shares plunged by 10 per cent to 168p on a warning this morning that the chain’s profit for the year to February will be no more than £1.4 billion, well short of the £1.94 billion that investors had been anticipating.
Home Incidence of TB in Cattle, Great Britain - Data to January 2014 Release time: 9:30am Agriculture and Environment | Environment, Food and Rural Affairs | GB Latest national statistics bringing together various sources of statistics relating to the incidence of TB in Cattle, Great Britain according to arrangements approved by the UK Statistics Authority. Regional labour market statistics - April 2014 Labour Market | Office for National Statistics | UK Virtual Economy Home page of the Virtual Economy on Biz/ed. Virtual Economy Home Page Welcome to the Biz/ed / Institute for Fiscal Studies (IFS) Virtual Economy. David Smith's EconomicsUK.com Austerity myths revisited Posted by David Smith at 01:00 PM Category: Thoughts and responses My piece on Friday, The Myth of Abandoned Austerity, has attracted quite a lot of interest. It had a simple aim - to demonstrate that fiscal consolidation, deficit reduction, continued throughout the parliament, alongside recovery.
Ed Miliband promises £2.5bn funding boost 'to save NHS' 23 September 2014Last updated at 12:27 ET Ed Miliband: "It's time to care about our NHS" Ed Miliband has said a future Labour government would pay for 36,000 more doctors, nurses and midwives, partly funded by a tax on tobacco firms. The Labour leader told his conference the £2.5bn funding pledge to "save and transform" the NHS by 2020 would be the centrepiece of his plan for government. UK doctors have 'ethical duty' to prevent waste Doctors have an ethical duty to prevent waste in the NHS, argues a report by the Academy of Medical Royal Colleges. Its authors point to potential cost savings of nearly £2bn. Examples include better use of medication, tests, hospital beds and operating theatres. The British Medical Association said doctors were ideally placed to identify savings, but patients must come first. Adam Brimelow reports.
'Top Christmas toys' in pictures 5 November 2014Last updated at 08:12 ET Dolls, Lego and variations of new technology all feature in a list of predicted bestselling toys this Christmas. The annual Dream Toys chart, from the Toy Retailers Association, features toys ranging in price from £7.99 mini-figures to a £99.99 dinosaur. Toys that have featured on the industry group's list in previous decades have included drawing set Spirograph in 1967 and the Nintendo Game Boy games console in 1991.
HSBC tax claim sparks Labour v Conservative row 9 February 2015Last updated at 09:45 ET Mr Miliband has called for answers over the government's appointment of Stephen Green as a trade adviser The claims HSBC helped wealthy clients dodge UK taxes has sparked a political row, with Labour and the Conservatives set to clash in the Commons later. Labour leader Ed Miliband said the government had "some serious questions to answer" and accused HM Revenue & Customs of failing to act on details it was given in 2010 about the claims.
Conservatives to cut school funding by 10% if they win general election English schools face a budget cut of an estimated 10% in real terms during the next parliament if the Conservatives win the election after David Cameron conceded that his party could not promise to inflation-proof education funding. Schools would have to pay 5% more to fund rising teachers’ pension and national insurance contributions, while economists said the prime minister’s admission would mean a further cut in real terms. Cameron initially sought to dress up the funding pledge as a “flat cash per pupil” deal, because the amount of money following each child would remain unchanged. Speaking at Kingsmead school in Enfield, north London on Monday, he added: “So I can tell you, with a Conservative government, the amount of money following your child into school will not be cut.” But when questioned, Cameron conceded that the funding would not rise in real terms, prompting educationalists and political opponents to complain about the impact.
UK jobless rate at 10-year low but wage growth slows Image copyright Getty Images The UK unemployment rate has fallen to its lowest rate in more than a decade but wage growth has slowed. The rate hit 5.1% in the three months to November - its lowest rate since the three months to October 2005, according to the Office for National Statistics. The number of people out of work fell by 99,000 to 1.68 million in the three-month period. Apple hits back at 'corrosive' claim by US government Image copyright Getty Images Apple has accused the US government of trying to "smear" it with "desperate" and "unsubstantiated" claims. It comes as the US Department of Justice (DOJ) renewed its demand for access to data on the iPhone owned by San Bernardino gunman Rizwan Farook. Apple is appealing against a court order that it unlock the iPhone, calling it "unprecedented".