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IFS: living wage increases are automation threat to jobs

A report urges “extremely careful” monitoring of statutory pay increases, warning automation poses a threat to lower-paid jobs. Increases in minimum wage levels risk raising the pace of mechanisation in the workplace, according to the Institute for Fiscal Studies (IFS). A report for the economic think tank urges “extremely careful” monitoring of wage rates over […]

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New car sales drop 12% in October

New car sales tumbled 12.2 per cent in October, marking the seventh consecutive month of declines and an acceleration on the fall of 9 per cent recorded the previous month. Falling business and consumer confidence was to blame for the drop, according to Mike Hawes, chief executive of trade body the Society of Motor Manufacturers […]