Business Diary: Lord Young is not without allies
Saturday 20 November 2010
Far from everyone, it seems, thought Lord Young should fall on his sword yesterday following comments that appeared to make light of the effect on folk of both the recession and government cuts. Friends in the City were queuing up to offer their support. "The noble Lord makes a very good point," said HowardWheeldon, of BGC Partners.
"He is, in many respects, right," added Mark Littlewoods, dir-ector-general of the Institute ofEconomic Affairs. "The coalition's cuts are modest, not enormous."
No Christmas cheer at SMEs
One group of people who definitely have not "never had it so good" in Lord Young's words, are the staff of smaller companies. Around 40 per cent of such businesses have no intention of holding a Christmas party this year, a survey from Employment Law Advisory Services reveals – either because they haven't got the money or because they've cut jobs this year and think having a blow-out might be seem as a little insensitive. A lesson for the noble Lord there somewhere.
Bankers do their bit for the kids
Britain's banks' attempts to rehabilitate themselves continue. The British Bankers Association, which normally concerns itself with matters such as tier-one capital ratios, put out a press release yesterday detailing the lengths the banking industry has gone to to support Children in Need. Many banks arecollecting cash in branches –
it points out – while Barclays and HSBC staff were apparently manning the phones for the BBC's telethon last night. As for the BBA itself, staff were naturally keen to contribute too. They did a bring-and-buy cake sale yesterday. Bankers really do care.
The perfect dress for Kate's big day?
We may not know yet who will be designing Kate Middleton's dress for the big day, but the blue Issa number she wore on the day of her engagement turned some heads. So fair play to Tesco, which took less than 48 hours to announce that it has produced an almost identical number which will be available in its supermarkets for just £16. It reminds us to point out to Kate, given these times of austerity, that Tesco's rival, Asda, now sells wedding dresses.
- 1 BBC election debate: The one photo that summed up the whole 90-minute leaders debate
- 2 18th century sex toy found in 'toilet of sword fighting school' in Poland
- 3 US? China? India? The 10 biggest economies in 2030 will be...
- 4 'I wish my teacher knew...': Young students share their 'heartbreaking' worries in notes
- 5 Rebecca Francis accuses Ricky Gervais of using 'influence' to target female hunters after receiving barrage of death threats
General Election 2015: David Cameron catching up in polls – but he badly needs a clear lead
South Africa xenophobic attacks: Shops looted and violence on streets of Johannesburg as foreigners are forced to hide in police stations
18th century sex toy found in 'toilet of sword fighting school' in Poland
'I wish my teacher knew...': Young students share their 'heartbreaking' worries in notes
Rebecca Francis accuses Ricky Gervais of using 'influence' to target female hunters after receiving barrage of death threats
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
General Election 2015: Polish prince challenges Nigel Farage to a duel over immigration question
iJobs Money & Business
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£50000 - £667000 per annum + excellent benefits : Ashdown Group: IT Manager / ...
£13000 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£40000 - £45000 per annum + benefits : Ashdown Group: Training Programme Manag...