The Office for Budget Responsibility’s bleak assessment predicts a possible 2% dip in GDP.
'Crashing out of the EU without a deal could push the UK’s economy into recession and increase borrowing by £30 billion a year, the Office for Budget Responsibility has warned.'
The Office for Budget Responsibility, gave a damning verdict on the potential health of the nation's coffers — as well as the recent spending spree by outgoing Chancellor Philip Hammond — in its latest fiscal risks report today.
Technology company, TAB, is expanding further in Europe with a product delivery team to be based in the new WeWork space in Edinburgh. With a client list boasting the likes of RBS, Tesco, Visa, BMW, Kingfisher, Met Office, ING and Santander, TAB
'Technology company, TAB, is expanding further in Europe with a product delivery team to be based in the new WeWork space in Edinburgh. With a client list boasting the likes of RBS, Tesco, Visa, BMW, Kingfisher, Met Office, ING and Santander, TAB blends a proven history of success in product delivery, innovation and digital strategy with deep expertise across industries including financial services, retail, FMCG, utilities, mobility and more. The founding team led by Sam Dods, Euan Muir and Kasia Swiatek will be supported by the 200-strong team of designers, engineers and strategists based at the London Kings Cross HQ. TAB is now recruiting cross-functional designers and engineers to join the founding team in Edinburgh to manage end-to-end product delivery. “Choosing Edinburgh as the location for our second office outside of London was a no brainer for us. There’s a thriving tech scene, one of the UK’s leading Artificial Intelligence hubs, world-class universities, and a strong community of talented designers and developers who want to work on products and services that have real-world impact. We’re excited to bring TAB culture and ways of working to many of our clients who are already here in this beautiful city” said David Tuck, Managing Director of TAB. With Edinburgh fast becoming one of the UK’s most competitive tech hub, TAB sees tremendous opportunity to help organisations embrace technology as a critical enabler to key business challenges. Typically, these challenges include legacy IT, building internal capabilities, changing organisational culture, breaking down silos, adapting to regulatory changes and more. In helping define and accelerate their digital transformation journey, TAB intends to continue to enable organisations to harness the power of technology to deliver experiences their customers want and need.'
An independent economic report commissioned by McDonald’s to mark 45-years of operating in the UK, reveals the business and its suppliers have made a combined contribution of £518m annually to London.
'An independent economic report commissioned by McDonald’s to mark 45-years of operating in the UK, reveals the business and its suppliers have made a combined contribution of £518m annually to London.Despite numerous high-street businesses in decline across the UK, McDonald’s continues to invest in and grow both its High Street and Drive-Thru operations, many of which are located in town centre locations.Without including its supply chain, in 2017 alone, McDonald’s directly invested more than £278m in the city, employing 16,748 people.The ‘Serving the UK: McDonald’s at 45’, was researched by Development Economics to understand the value McDonald’s has made to the UK economy, local communities, its employees, customers and suppliers since it first started operating in the UK.The new report builds on the economic data McDonald’s published five years ago to mark its 40th anniversary in the UK.The report looks at McDonald’s significant contribution to UK’s cities, through jobs created in restaurants and the wider economic impact through its supply chain.The study details the many changes the business has undergone to meet customer needs and the key challenges it faces as it heads towards its 50 th year in 2024.Central London franchisee, Claude Abi-Gerges operates 29 restaurants in London.He said, “Creating and sustaining jobs across this part of London is of huge importance to me, and the fact that we have been able to make a significant financial contribution to the area is something my team and I are very proud of. “We employ people based on their qualities not their qualifications but, as the worlds of business and education move closer, there’s no longer a need to decide between learning and earning. “There’s also no such thing as a typical 9 to 5 at my restaurants.We know that people take a job with McDonald’s for all sorts of reasons, from wanting to earn some extra cash while studying at colleges or universities, to needing a flexible job that fits around childcare.That’s why it’s so important to us that we offer our employees flexible working options.” Franchisees are going above and beyond to give back to and champion their local communities.Claude is a founding member of the Young Westminster Foundation, a cross-sector partnership that supports local youth groups and charities.His restaurants in Leicester Square and Shaftesbury Avenue are also amongst the first in London to receive ‘Best Bar None’ Gold accreditation in recognition of the positive impact they have on London’s night-time economy.Claude is always looking for new ways to help his local community and recently signed up with the TAP London campaign, allowing customers to use contactless payment technology to donate towards helping rough sleepers in the capital.The report finds that overall the business and its supply chain is estimated to be worth £3.36bn annually to the UK economy, and that over the past 45-years, the total economic contribution is £54.4bn, spending £35.6bn with UK businesses and creating 2.1m jobs.In London as a whole McDonald’s has contributed £278m and supported 16,748 jobs.By including suppliers and induced GVA, the total GVA contribution in London is £518m. . The post McDonald’s contributes £518m to the London economy appeared first on London Business News | Londonlovesbusiness.com .'
Bengaluru, Global software major Wipro on Wednesday reported Rs 2,390 crore net profit for the first quarter of FY20, registering 12.6 per cent annual growth from Rs 2,094 crore in the same period a year ago. Sequentially, net profit declined 4.2
'Why do we have to go to such lengths to pry information from the Home Office? Why does the government withhold important data from public scrutiny? Where is the accountability in this situation?' MPs demand to know