Business / Economics
The National Institute of Economic and Social Research (Niesr) puts growth at 1.4% next year largely based on the view that house prices would increase by more than 5 per cent. The think tank also expected unemployment to fall gradually to 7.4% by the middle of next year. FT, Mail, Independent.
50 Co-op branches face the axe but CEO says the bank would retain its ethical values which are to be written into its constitution for the first time and cannot be changed while the co-op remains a major shareholder. Everywhere.
Energy firms will be told today to return millions of pounds to customers who have overpaid bills because they use direct debit after it emerged they were stock-piling an estimated £2billion this way. Daily Mail.
A fifth of shopping takes place online say British Retail Consortium accounting for 24.1% of clothing sales and 3.7 % of health and beauty sales, 30% of all footwear. Telegraph and Mail.
Rapid boost for UK builders as sector heat up as UK construction firms continue their upward climb during October posting the strongest one-month improvement to activity since before the financial crisis. However, RICS says that despite the fact that building activity is still down on its pre-crash levels, companies are reporting shortages in both skilled labour and materials. CityAM, Telegraph and Times.
Employers hire foreign workers because they are better qualified and work harder says Niesr. They interviewed executives who said that British workers need to up their game because they faced growing opposition from aboard, Daily Telegraph; CityAM
Women returning to work are crucial to recovery says culture secretary Maria Miller insisting that women are not an optional part of the labour force. A survey of 2000 women by law firm Slater & Gordon last year found that one in four mothers feel they have been discriminated at work while pregnant or after returning to their job. Daily Mail.