Economy

Pesach aid rises as slump bites

By Simon Rocker, March 31, 2011

The United Synagogue is sending out more Pesach food and voucher parcels than it budgeted for because of economic conditions.

David Kaplan, US community services director, said 570 parcels were being distributed compared to the 400 it had originally allowed for.

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Lord Young tells David Cameron 'I quit' after recession gaffe

By Jennifer Lipman, November 19, 2010

The Conservative peer Lord Young of Graffham has resigned as an economics adviser to David Cameron after commenting that people hit by the recession “have never had it so good”.

The Prime Minister has accepted Lord Young’s resignation from the unpaid role, just hours after he said the Jewish peer would be “doing a bit less speaking in future".

Labour politicians criticised him for displaying "complete indifference” after the peer told the Daily Telegraph that “this so-called recession” had actually had a positive impact on some people.

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Unemployment falls as Israeli economy surges

By Simon Griver, September 7, 2010

Israel's holiday season has been brightened by better-than-expected economic figures.

The Central Bureau of Statistics in Jerusalem reported that the Israeli economy grew by 4.7 per cent on an annualised basis in the second quarter of 2010 - far above expectations of 2.9 per cent - because of the crisis in Europe.

Unemployment fell from 7 per cent in the first quarter of 2010 to 6.2 per cent in the second quarter and is approaching the low-point of 5.9 per cent achieved in the summer of 2008, before the global economic crisis struck.

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Israel may lift bar on entering West Bank

By Anshel Pfeffer, July 22, 2010

The IDF is considering lifting the ban on Israelis entering Palestinian cities in the West Bank for the first time in a decade.

The ban was originally imposed a few months after the second intifada began in late 2000, after a number of Israelis who had entered the cities of the West Bank were murdered by terror groups.

Since then, roadblocks at the entrances to all the cities prevent Israelis from entering. Palestinian police who find Israelis in those cities without an official permit arrest them and escort them out to the roadblocks.

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Charedim hard hit by budget

By Marcus Dysch, June 24, 2010

The spending cuts announced in the budget contain "very bleak news" that could lead to misery for the Charedi community, the country's largest Jewish housing association has warned.

Chancellor George Osborne's announcement of a freeze on child benefits and cuts to housing benefit have been met with serious concern by the Agudas Israel Housing Association.

Families on housing benefit will receive a maximum of £400 a week for properties with more than three bedrooms as the government attempts to save £1.8 billion by the end of this parliament.

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Israel enters OECD

By Simon Griver, May 13, 2010

Israel has been officially accepted as a member of the Organisation for Economic Cooperation and Development (OECD), the forum of the world's most developed economies.

The 31 member nations voted unanimously for Israel's accession in Paris on Monday, and also accepted Estonia and Slovenia.

Israel's Minister of Finance, Prof Yuval Steinitz, said the vote has implications far beyond the economic sphere.

"This has huge diplomatic significance at a time when Israel is under attack and being delegitimised in the international arena."

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Gerald Ronson: 'Social unrest in a two-tier Britain'

By Jessica Elgot, April 14, 2010

Jewish businessman Gerald Ronson has warned of “social unrest” if the problems of a “two tier Britain” are not tackled.

The Chief Executive of Heron International also called on the next government not to target entrepreneurs with heavy taxation and constraints which could drive them out of the country.

Speaking at the “topping out” ceremony for the Heron Tower, a skyscraper his company has developed, Mr Ronson spoke of his concern about the growing divide between the city and the rest of the country.

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Sir Victor Blank takes government panel role

By Jessica Elgot, February 2, 2010

The former chairman of Lloyds, Sir Victor Blank, will take an unpaid role as a government adviser on overseas investment.

Sir Victor, who left Lloyds after its disastrous takeover of HBOS, will sit on the new Investment Advisory Panel, created by Business Secretary Lord Mandelson for government department UK Trade and Investment.

The panel, which includes Dragon’s Den judge James Caan, is believed to have met for the first time this week.

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Fears of 'hostile' shekel trading

By Simon Griver, September 18, 2009

The recent strength of the shekel has generally been credited to a strong Israeli economy. However, market sources now claim that speculators are targeting the shekel, keeping it artificially high, with foreigners holding nearly $80 billion of the currency.

A massive sell-off of shekels could seriously destabilise the country’s economy and some, like Motorola Israel president Elisha Yanay, suspect that the speculators may have more than profit in mind.

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Money mensch: Making the most of your tax credits

By Martin Lewis, September 2, 2009

Now the tax credit renewal system is over, millions will be receiving the dreaded letter from the government telling them they have been overpaid tax credits, and will have to pay hundreds or even thousands of pounds back. I want to tackle some of the key questions, so as to let you know what to do.

What are tax credits?

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