UK Unemployment at 4.9% - BREXIT not soon enough

The unemployment rate in the United Kingdom came in at 4.9 percent in the three months to June 2016, unchanged from the previous period and in line with market expectations. It remained at the lowest level since July to September 2005, as the number of unemployed reached the lowest since March to May 2008 while the number of people in work increased.

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Apple tax row: Irish government should tell EU to f**k off, says Michael O'Leary

By PRESS ASSOCIATION

 

 

Read more: http://www.dailymail.co.uk/wires/pa/article-3767056/Apple-tax-row-Irish-government-tell-EU-f-k-says-Michael-OLeary.html#ixzz4IyAFx8r4 

 

Ryanair boss Michael O'Leary has weighed into the tax dispute between Apple and the European Union, saying the Irish government should write a letter to the EU telling them to "f**k off".

Dubbing the EU's ruling "bizarre", the outspoken Irishman said: "One of the fundamental principles of the European Union is that each country has its autonomy to make its own tax decisions.

 

"Frankly the Irish government should turn around - they shouldn't even appeal the decision - they should just write a letter to Europe and tell them politely to f**k off.

 

 

 

"The idea that you have the state aid mob - who've had more court verdicts overturned than any other department in Europe in the last 20 years - come along 10 years after the fact and say, 'no we didn't like that, we think you should have done something else', is frankly bizarre."

On Tuesday, Europe's antitrust commissioner Margrethe Vestager slapped the maker of iPads and iPhones with a 13 billion euro (£11.1 billion) tax bill. She claimed Apple paid just 1% tax on its European profits in 2003 and 0.005% in 2014, and said its arrangement with the Irish government is illegal under state aid rules.

Apple is set to challenge the decision, and Mr O'Leary added: "I think there's no chance of this surviving a court ruling in Europe. There's certain things that Europe has no competence in."

Mr O'Leary went on to claim that Ryanair was "one of the most compliant tax payers in Ireland..

 

He urged Theresa May's government to be "radical in its decision making" and rubber-stamp new runways at Heathrow, Gatwick and Stansted airports.

The proposal would mean ending the battle between Gatwick and Heathrow for a new runway.

 

"Ryanair calls on the new UK Government to be radical in its decision making on new runways for London instead of picking just one (Heathrow or Gatwick) and calls on Prime Minister Theresa May to approve 3 new runways - one each at Heathrow, Gatwick and Stansted, which will finally resolve the runway capacity issue for the next 50 years, while ensuring competition between airports delivers efficient facilities and prevents airlines and passengers being ripped off by gold-plated monopoly runways," he said.

 

Mr O'Leary said that expanding only one airport would allow airlines to justify raising prices for customers, who might subsequently help foot the bill. But competition between three airports would be a boon for travellers and benefit Ryanair long-term, he claimed.

"We'll have more capacity to grow, fares will fall and in a declining fare environment, we'll win," O'Leary said.

 

Mr O'Leary made the announcement as he trumpeted new routes to Strasbourg and Faro and more flights to Sofia and Nuremberg from Stansted, Gatwick and Luton.



Pound jumps as UK manufacturing activity 1 hour ago
 BBC NEWS  01 09 2016

 

 

The pound has jumped to a one-month high against the dollar after a survey indicated the UK's manufacturing sector rebounded sharply in August.

 

The Markit/CIPS purchasing managers' index (PMI) for the sector rose to 53.3 in August from July's figure of 48.3. A figure above 50 indicates expansion.

 

Markit said the month-on-month increase in the PMI level was the largest in the survey's 25-year history

 

"The domestic market showed a marked recovery, especially for consumer products, while the recent depreciation of sterling drove higher inflows of new business from the US, Europe, Scandinavia, Middle East and Asia," he added.

 

You Carlos are stupid if you believe what governments put out for the media and the public.

If they told the truth there would be civil war.

The UK will be a "global leader" in free trade following the Brexit vote, Theresa May has said, as she heads to China for the G20 summit.

 

At the summit, Mrs May will meet one-to-one with US President Barack Obama.

 

She will also hold talks with other leaders of the world's 20 major economies and is expected to tell them that the UK is "open for business" following the referendum vote to leave the European Union.

 

Before boarding an RAF plane to eastern China, she told reporters: "The message for the G20 is that Britain is open for business, as a bold, confident, outward-looking country we will be playing a key role on the world stage.

 

"This is a golden era for UK-China relations and one of the things I will be doing at the G20 is obviously talking to President Xi about how we can develop the strategic partnership that we have between the UK and China.

 

"But I will also be talking to other world leaders about how we can develop free trade around the world and Britain wants to seize those opportunities.

"My ambition is that Britain will be a global leader in free trade.

 

Australia , Canada , and New Zealand have offered the UK to second trade negioatiors to the UK , 

They are all viaing  to be first cab of the rank . 

The U.K. Is booming The EU is stagnant . 

Where do you think Germany will locate its factories when the UK achieves trade agreements the EU is incapable of . 

And the taxes are lower. 

 

The UK is  booming? That's news to me.

you obviously are not in touch with what's going on in the UK economy

it's ok - ive posted interesting stuff here to bring you up to speed

I'm indebted  to you.

my pleasure old chap

You have to look towards China for your bread and jam.

youre not paying attnetion.

 

Uk economy is a knowledge economy, not based on low end manufacturing

the shit jobs can go to the poorer countries

Nah, knowledge based economies are the US, Korea, China and Australia. Ask Barak.

gotta run

gotta catch a plane to Heathrow

you have fun with Barak

 

UK unemployment dips even as EU workers flock to Britain Telegraph.co.uk-17 Aug. 2016 UK unemployment dips even as EU workers flock to Britain ... That means unemployment is at its lowest since last Conservative Govt. 
Sent from my iPad                  

workers on the minimum wage to get £450 pay rise as part of Government’s promise to make the economy work for all

 

National Minimum Wage to its highest the national living wage of £8.20  ever .

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 for the vast majority of workers, the national minimum wage is at its highest level in real terms.”

 

https://www.thesun.co.uk/news/1885970/younger-workers-on-the-minimum-wage-to-get-450-pay-rise-as-part-of-governments-promise-to-make-the-economy-work-for-all/

 

Government urged to press on with national living wage

7 September 2016 

A centre-right think-tank is urging the government not to bow to pressure from business leaders who want increases in the national living wage (NLW) scrapped or delayed.

The Resolution Foundation, led by former Tory MP David Willetts, says limiting planned increases would be "costly" for women, the young and older workers and that Prime Minister Theresa May should "stick to her guns".

Low-paid workers could lose out by as much as £1,000 a year if the plan to increase the NLW to 60 per cent of average earnings by 2020 is dropped, says the foundation.

Signatories include the Federation of Small Businesses, the Association of Convenience Stores, the National Farmers Union, the Charity Finance Group and the British Beer and Pub Association.

The Prime Minister has set out her stall as governing in the interests of hard-pressed families and so is not inclined to back down on a progressive policy that has the strong backing of the likes of trade unions.

Her spokesman told The Guardian: "The prime minister has been clear that we want to build an economy that works for everyone… and making sure that people earn a decent wage for a day’s work is an important part of that."

Guardian 06/10/2016 



Opinion: Theresa May’s bold leadership leaves the rest of Europe in her dust

By Darrell Delamaide

Published: Oct 5, 2016 2:37 a.m. ET

Britain out of the European Union, the new prime minister seemed a lot more like Margaret Thatcher than her immediate predecessor, David Cameron.

“We voted to leave the European Union and become a fully independent, sovereign country,” May told the delegates to the Conservative Party’s annual convention this week. “We will do what independent, sovereign countries do. We will decide for ourselves how we control immigration. And we will be free to pass our own laws.”

 

Her insistence on limiting immigration signaled a “hard Brexit” — that is, a complete withdrawal from the EU and its single market, which requires free movement of labor and capital as a precondition.

May had to know that her remarks, which also set next March as the date to start the two-year negotiations for Britain’s exit, would pommel the pound, and financial markets obliged, pushing sterling down to 31-year lows.

 

Of course, that devaluation has provided a fillip to the British economy, making the country’s exports cheaper and its tourism sites more affordable.

Britain out of the European Union, the new prime minister seemed a lot more like Margaret Thatcher than her immediate predecessor, David Cameron.

“We voted to leave the European Union and become a fully independent, sovereign country,” May told the delegates to the Conservative Party’s annual convention this week. “We will do what independent, sovereign countries do. We will decide for ourselves how we control immigration. And we will be free to pass our own laws.”

 

Her insistence on limiting immigration signaled a “hard Brexit” — that is, a complete withdrawal from the EU and its single market, which requires free movement of labor and capital as a precondition.

May had to know that her remarks, which also set next March as the date to start the two-year negotiations for Britain’s exit, would pommel the pound, and financial markets obliged, pushing sterling down to 31-year lows.

 

Of course, that devaluation has provided a fillip to the British economy, making the country’s exports cheaper and its tourism sites more affordable.

 

France, Italy and other EU member nations looking at May’s steely declaration of Britain as a “fully independent, sovereign country” who are just a little bit envious.


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