Economy

Progressives pledge to pay staff the living wage

By Simon Rocker, November 7, 2013

Liberal Judaism plans to be the first synagogue movement to adopt the living wage across all its congregations.

The wage — a voluntary initiative launched 12 years ago by the grass-roots activist movement Citizens UK — this week rose to £7.65 an hour nationally and to £8.80 an hour in London.

More..

Stamp of disapproval for Royal Mail bonanza deal

By Alex Brummer, November 7, 2013

The widely criticised Royal Mail flotation of shares has broad significance.

It has reflected an appetite for new equity from private investors in the UK.

Yet, negotiators of the Royal Mail deal are guilty of under-pricing. They have cost the taxpayer in excess of £1 billion as the shares soared to a 50 per cent-plus premium.

More..

Flug set to be Fischer’s spiritual successor

By Anshel Pfeffer, October 24, 2013

Doctor Karnit Flug is starting her term as governor of the Bank of Israel at a distinct disadvantage.

Although she has been the acting governor for four months and was chosen by her illustrious predecessor, Stanley Fischer, everyone will remember that she was neither the first, nor the second, nor even the third choice of the prime minister and finance minister.

More..

Federal Reserve Bank chief nomination for Jewish woman

By Rosa Doherty, October 10, 2013

Brooklyn native Janet Yellen was nominated this week by President Barack Obama to take up the most powerful job in the world economy.

If her selection is approved by the Senate, Mrs Yellen, who is Jewish, will become the first woman to head the US Federal Reserve in its 100-year history.

More..

Iain Duncan Smith looks into row over Shabbat work

By Jonathan Kalmus, September 18, 2013

Secretary of State for Work and Pensions Iain Duncan Smith is looking into complaints by MPs that dozens of Jews have been forced to seek work on Saturdays or face losing their job seekers allowance.

The move has come in response to concerns expressed by Labour MPs Ivan Lewis and Hazel Blears.

More..

Girls doing it their way

By Sandy Rashty, September 17, 2013

These women are the business. They have set up their own companies straight after graduating from university – and what’s more, the young entrepreneurs are running the companies from their family home.

More..

Carney leads the way on banking changes

By Alex Brummer, September 13, 2013

New Bank of England governor Mark Carney has made a positive impact on the UK economy.

The Canadian-born banker and chairman of the G20 Financial Stability Board has shifted the focus from inflation to growth.

When I interviewed Carney he made it clear that interest rates would remain at record low levels for ordinary households and smaller businesses.

More..

All Aboard charity shops 'struggle' as recession hits

By Marcus Dysch, September 4, 2013

Britain’s leading Jewish charity shop organisation is struggling in the face of unprecedented challenges, the chairman of its trustees has reported.

The All Aboard stores are a familiar sight for shoppers especially on London’s high streets, but the impact of the recession and the growth of online businesses has hit profit margins, Jeffrey Pinnick said.

More..

‘Not a bad deal’: Bale agent’s verdict on £86 million transfer

By Josh Jackman, September 3, 2013

Jonathan Barnett has just broken a world record.

After months of negotiations, the football agent this week wrapped up Gareth Bale’s £85.3 million move to Real Madrid, ending the most drawn-up transfer saga of the summer.

More..

Typo causes Israeli firm to plummet on stock exchange

By Sandy Rashty, August 27, 2013

The value of an Israeli company dropped by millions of pounds after a trader made a typo.

Israel Corporation, Israel’s largest holding company, formerly headed by London-based Idan Ofer, saw its value plummet by over 99 per cent minutes after the mishap last Sunday afternoon.

More..