UK: GOVERNMENT'S ECONOMIC POLICIES UNDER FIRE

Article Abstract:

The UK government's economic policies will be criticised on 15 February 2000 by Engineering Employers' Federation (EEF) president, Bruce Ralph, who will cite four aspects which are having a detrimental impact on jobs and profits. Mr Ralph is expected to urge ministers to ease entry to the single European currency and reduce the pressure on the UK pound by allowing a fall in interest rates in the March 2000 Budget. He will say that too many regulations, uncertainty over the euro, the pound's strength and high interest rates are all having a negative impact, revealing that action needed to be taken because large parts of industry are suffering. Mr Ralph says that the situation is leading to a general unwillingness to invest and is placing major pressure on export margins. The EEF accounts for 50% of the engineering industry's 1.7mn workforce.

Rubber & Plastic Products, Plastics and Rubber Products Manufacturing, Plastics industry, Rubber industry, Engineering Employers' Federation

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UK: CASH HANDOUTS FOR UNEMPLOYED

Article Abstract:

The UK government plans to persuade around 250,000 unemployed people to return to work with so-called employment grants under moves to be revealed in the 21 March 2000 Budget by Chancellor, Gordon Brown. Those without a job for over a year will be eligible for cash handouts of GB[pound] 300-GB[pound] 400, allowing them to meet the cost of living during the period between losing social security benefits and obtaining the first pay packet. The scheme is expected to cost GB[pound] 40mn per year at first and is an important part of a number of new measures to improve enterprise and employment.

Employment

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UK: NET ILLITERACY BLAMED FOR JOB CUTS AT PWC

Article Abstract:

The UK division of multinational accountancy and consulting firm, PricewaterhouseCoopers, is citing lack of Internet skills as its reason for dismissing two hundred of its 3,000 staff. Competitors, however, believe that millennium bug fears have led to a reduction in business.

United States, Management Consulting Services, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Business & Mgmt Consulting, Accounting firms, Accounting services, Business consultants, Management consultants, Consulting services, PricewaterhouseCoopers L.L.P. (New York, New York)

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