Author: Loveworld UK

Rolls-Royce is to cut 4,600 managerial and support jobs as the jet engine maker introduces its latest restructuring plan.  Most of the jobs will be axed in the UK, where the FTSE 100 company employs 23,000 out of a global workforce of 50,000.A third of the jobs are expected to go by the end of this year and the rest by the middle of 2020.Rolls-Royce chief executive Warren East signalled the move in March as the company battled to keep to its financial targets as it struggles to get on top of problems with its Trent 1000 engines.It has replaced…

Fewer than half of the families who were living in Grenfell Tower have been rehoused by the council despite a promise that all would be in permanent homes before the first anniversary of the fire. There were a total of 138 households in the tower and walkway, but homes were needed for 203 as some decided to split up.Kensington and Chelsea Council says 198 households have accepted offers of new homes but only 82 have actually moved in because the properties are not ready.On 14 June 2017, 72 people were killed in the fire and 256 made homeless. In the…

The US has said it will not be easing sanctions until North Korea has denuclearised – despite claims made by Pyongyang state media. Secretary of state Mike Pompeo insisted that Pyongyang was committed to giving up its nuclear arsenal but warned it would “be a process, not an easy one”.He pushed back on reports that the leaders of the US and North Korea had agreed on a “step-by-step” process, which some interpreted as meaning that America would grant concessions along the way. Image: Mike Pompeo (L) with the foreign ministers of South Korea and Japan Mr Pompeo made the comments…

Pub chain Wetherspoons will cut the number of EU-sourced drinks and replace them with British ones in the run up to Brexit. French champagne and German beers will be substituted for alternatives from the UK and other countries outside the bloc.Kopparberg, a popular cider made in Sweden, will still be stocked because production is moving to Britain after Brexit.Tim Martin, who founded Wetherspoons and campaigned for Brexit, said the chain was “starting to make the transition to non-EU trade” ahead of Britain’s expected exit date of 29 March 2019. Image: Wetherspoons is starting to ‘transition to non-EU trade’ Among the…

A plumber has won a landmark legal case that is likely to have widespread implications for workers on self-employment contracts. Gary Smith, who worked for London-based Pimlico Plumbers full-time for six years, took his case to the Supreme Court, over his entitlement to rights such as sick pay.The five Supreme Court justices rejected an appeal by Pimlico Plumbers against a number of court rulings that determined he could claim “worker” status, even though he was described in his contract as a “self-employed operative”.Announcing the decision in London, Lord Wilson said an employment tribunal was “entitled to conclude” the firm could…

The rate of inflation was unchanged last month at 2.4% despite a surge in fuel costs, according to official figures. The Office for National Statistics (ONS) said higher transport costs exerted the most upwards pressure on the Consumer Prices Index measure during May amid steep rises in oil costs this year.However this effect was offset, the number-crunchers added, by easing prices for games, domestic electricity, food and non-alcoholic beverages, and furniture and furnishings. Image: The ONS said some food costs are falling back ONS head of inflation Mike Hardie said: “Recent large rises in the cost of crude oil have…

Dixons Carphone says it has been the victim of an “unauthorised data access” in which millions of customer bank card details were targeted over the past 12 months. The company believed there were attempts since last July – only discovered over the past week – to compromise 5.9 million cards in one of its processing systems for Currys PC World and Dixons Travel stores.It said there was currently no evidence of any fraudulent use of the information – with the vast majority of the cards having chip and pin protection.However, Dixons Carphone said it had notified card providers to 105,000…

Perhaps now the international community will admit just how badly it underestimated Kim Jong Un. When the almost unknown young man ascended the throne of North Korea in 2011, his hair awkwardly styled to resemble his grandfather’s, he was laughed at and some wondered how long he would last.The patronising grins started to fade when the senior officials that Mr Kim had inherited from his father began to disappear and were replaced by younger men close to the new leader. They faded further when he began to test missiles. By the time he had had both his uncle and his…

North Korea’s state media has reported that Donald Trump has “expressed his intention” to lift crippling sanctions against the country – despite the US president saying that they will remain until “nukes are no longer a factor”. Donald Trump met Kim Jong Un for a historic summit at a luxurious Singapore hotel on Tuesday, with both leaders signing a deal regarding the “complete denuclearisation of the Korean peninsula”.But it had always been Mr Kim’s goal to rid his country of US sanctions and, according to the state-run KCNA news agency, that is exactly what he achieved.Following the “meeting of the…

Wage growth weakened to 2.8% in the three months to April though there was a strong increase in the number of people in work, official figures show. The data from the Office for National Statistics (ONS) show pay is still increasing more quickly than inflation.But the pace of regular wage growth – excluding bonuses – has slipped back after reaching 2.9% in the previous month’s set of figures – which was the best increase since 2015.It could further douse expectations of an interest rate hike this summer – already dampened by indications of sluggish economic growth after a first quarter…