Economy & Business

social mobility

Levelling Up: Social Mobility Tougher than in Last 50 years

A new report from the Institute for Fiscal Studies (IFS) shows that social mobility is now tougher than in the last 50 years, with those in the North disproportionately impacted.

Parental income and wealth is of even more importance today in determining someone’s income across their lifetime. This poses serious questions for the Government’s levelling up agenda.

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bmw oxford

BMW to Build Next-Generation Mini in Oxford

BMW will announce plans to build its next-generation electric Mini in Oxford after securing a Government funding package. The German-headquartered manufacturer’s multi-million-pound investment to transform its existing plant will secure 4,000 high-quality jobs, says the Government.

The £600m investment by the German carmaker at the site in Cowley will be backed by about £75m of taxpayer funds. The Government is hoping that this will safeguard the historic plant and delivering a vote of confidence in the UK’s auto industry.

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councils

Councils Call For More County Devolution

Councils are calling on the Government to ‘fast track’ more county devolution deals to kick-start an adult education revolution. Recent figures have shown a decline in almost 200,000 people taking part in adult apprenticeships and education in the last five years.

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Sizewell C

Government to Speed Up Sizewell C Preparations

The Government has today announced that it will build on previous investment to rapidly expand nuclear energy in the UK. The department for energy and net zero, along with Great British Nuclear, have set out how a £341 million boost will add to the existing £870 million worth of funding to quicken the establishing of Sizewell C.

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labour

Labour to Legislate Improved Employment Rights Says Angela Rayner

Following reports that Starmer has diluted his pledge To boost protections for gig economy workers, Angela Rayner has released a statement proclaiming that “far from watering down” the party’s commitments to improve workers’ rights, it will be setting out “in detail how we will implement” changes, and promised the party would legislate to protect rights within 100 days of coming into office.

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