Should business fear the burdens imposed by Labour?
Article Abstract:
Most people would agree that a moderate minimum wage, which has now come into effect in the UK, will play a valuable role in protecting the most vulnerable employees. However, business has been expressing the fear that the minimum wage is just one of a number of burdens imposed by the government. They fear that these burdens will lead to redundancies and bankruptcies. Many employers feel that the high levels of flexibility that characterize the labour market in the UK must be retained. Indeed, there is an argument for some forms of workplace flexibility, but it is wrong to state that flexibility is the natural opposite of fairness.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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Drugs trade 'the third largest economy.'
Article Abstract:
The Group of Seven's Financial Action Task Force estimates that at least $120 billion from the drugs trade are laundered through the global financial system each year. Indeed, the drugs business is now the world's third-largest economy. A large proportion of the laundered money passes through London, England, the largest foreign-exchange trading centre in the world. There is particular concern that the illegal drugs trade is creating very large policing, medical and social costs.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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After the crisis, private lenders close the purse
Article Abstract:
Emerging economies will continue to suffer weak capital flows in 1999, according to a report from the Institute for International Finance. Capital flows in 1999 are likely to be around the same as the 1998 level of just over $140 billion, from $263 billion in 1997 and a record $328 billion in 1996. Net flows from commercial banks are expected to fall by a further $11.8 billion in 1999, while direct investment will decline to an estimated $103 billion, from $120 billion in 1998.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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