Archive for July 2010

Amazing What Some Can Do With Just The Threat of Strike Action

BT and the Communication Workers Union have reached a deal whereby workers will receive a 9.3 per cent pay rise over 39 months. This is a 3 per cent rise per year. Most workers in this country at the moment are being layed off or having to accept a 3 per cent reduction in wages. It’s amazing what you can do collectively with just the threat of strike action. Come on David, wheel out Margaret to sort out these greedy unions.

House Prices - Who do You Believe? - Part 2

Nationwide Building Society said that house prices rose by 0.1% in June, but now the Halifax says that UK house prices have fallen slightly in the early summer compared with the start of the year . . . what does this all mean???

More Strikes?

Here we go again, more disgruntled workers not happy with just having a job. I thought this strike thing ended with Thatcherism. Apparently BT could face strike action from 50,000 employees over a pay dispute when the result of a ballot is known later today. With recent strikes from The Post Office and British Airways I feel like we have gone back to the eighties!

Green Energy Jobs

Obama is about to give two US solar energy companies nearly $2 billion in loan guarantees, when will this Coalition government do the same or similar. In April this year, before the election, Nick Cleg said that  ’creating jobs by making Britain greener’ was one of the party’s four key campaign themes. The Lib Dem manifesto promised a green stimulus plan that would create 100,000 jobs, among other things. There has been no talk of this at all by the Coalition so far, will it be forgotten?

Kwik-Fit Insurance goes to Belgium

Kwik-Fit has just agreed a deal to sell its insurance arm to Belgian insurer Ageas for £215m. The deal, which is subject to regulatory approval,  should be completed in the next three months. It will give Ageas 600,000 more customers in the United Kingdom, on top of the one million it already has. Kwik-Fit is currently owned by French private equity group PAI Partners.