Ivanka Trump finally separates her Twitter account from her brand’s

Ivanka Trump walks through the lobby of Trump Tower on November 18, 2016 in New York City.
Image: spencer platt/Getty Images

At least one conflict of interest is handled.

Ivanka Trump this week said she would separate her personal Twitter and Instagram accounts from those of the Ivanka Trump brand, after facing criticism for using her father’s presidential win for her company’s financial gain.

The Ivanka Trump accounts familiar to Twitter and Instagram followers will remain Ivanka’s “personal feed,” the company wrote in a letter posted on its website. The brand’s accounts will be built from scratch at @IvankaTrumpHQ.

Trump mixed her business, her personal life and her political life on these accounts throughout the presidential campaign telling followers to “shop her look” from the Republican National Convention, for example. But criticism reached a fever pitch when Trump’s brand sent out a press release promoting a $10,000 bracelet she wore on her family’s post-election 60 Minutes interview.

Many women entrepreneurs especially in fashion, like Trump mix the personal with the professional on their social media accounts. But most don’t have presidential politics to contend with.

“Our companys mission is not politicalit never was and it never will behowever, Ivanka, personally, has an increased opportunity to advocate for women and be a positive force for change. As a private citizen, with full awareness of her heightened visibility, she will broaden her efforts to take a stance on issues of critical importance to American women and families,” the company wrote in a press release. “Meanwhile, our team will continue working to inspire and empower women to create the lives they want to live through solution-oriented product and inspiring content on IvankaTrump.com and across social media.”

Trump’s personal feed isn’t becoming totally political. She’s continuing the personal posts that made her such a popular part of the Trump campaign to begin with.

Read more: http://mashable.com/2016/11/24/ivanka-trump-twitter-account/

Business leaders challenge Theresa May’s pay proposals – BBC News

Image copyright European Photopress Agency
Image caption At the CBI conference on Monday Theresa May said she still wanted to see some form of worker representation on company boards

Theresa May’s attempt to reform corporate pay and governance faces more challenges from business leaders.

A report by the Big Innovation Centre rejects holding annual binding votes on pay and the publishing of pay ratios between chief executives and workers.

The two ideas were among the prime minister’s suggestions to address public unease about executive pay.

This week, Mrs May was forced to reject claims she had watered down plans to put worker representatives on boards.

The prime minister set out her intention to strengthen corporate governance when she came to power in the summer. But some proposals have drawn criticism.

Friday’s BIC report – whose authors include Bank of England chief economist Andy Haldane and Kingfisher non-executive director Clare Chapman – argues that action on pay is certainly needed to change executive behaviour and “to rebuild trust”.

But the report says that binding votes and pay ratios are the wrong way to do it, and would damage efforts to motivate and retain chief executives.

“Pay ratios do not lend themselves to valid comparisons between companies, even within the same industry,” the report says. “Pay ratios may lead to pay being decoupled from performance.”

And on the issue of binding votes, the report says: “Theresa May, in a speech prior to becoming Prime Minister, indicated that there should be binding votes on executive pay. This has been interpreted by some as annual binding votes on pay outcomes, and policy proposals have been prepared by at least one Member of Parliament on this basis.”

The report argues that annual binding votes would be a “disproportionate response… and would be likely to have many negative unintended consequences”.

Simpler pay

However, it says that if a company’s pay policy receives less than 75% support from shareholders in two consecutive years, that vote should be binding. Currently, votes on executive pay are held every three years.

The BIC is backed by leading companies, academics and consultancy firms. Contributors to its research include Sir Andrew Witty, chief executive of drugs giant GlaxoSmithKline, Prof Alex Edmans, a corporate governance expert at London Business School, and Vincent de Rivaz, chief executive of EDF Energy.

Given the leading names behind the report, its recommendations will be seen as a powerful contribution to the growing debate on corporate governance reforms.

The recommendations include measures for “simpler pay structures”. Instead of traditional performance-related pay and cash bonuses, the report calls for more use of share awards stretching over 5-7 years.

There should also be more transparency in how pay is set and more consultation with employees to explain how and why the remuneration is set, the report says.

Related Topics

Read more: http://www.bbc.co.uk/news/business-38100757

Residents in Consett porn and travel payment hub – BBC News

Image copyright Getty Images
Image caption About 4,500 people lost their jobs when Consett Steel Works closed in 1980

Hundreds of people in a former steel-making town became directors of companies involved in pornography, dating, diets and travel, an investigation has revealed.

Residents in Consett, County Durham were paid to forward mail which came to their address, but said they otherwise had no involvement in the companies.

One, John Mawson, said he “didn’t really know” what his role involved.

Simon Dowson, who set up the legal firms, said everyone was informed.

The 35-year-old from Shotley Bridge formed the shell entities to provide a UK address, directors, company records and tax returns to meet UK requirements so overseas online businesses could trade in Europe.

‘Money was tight’

These were businesses considered by credit card companies to be at high risk of refund requests.

The investigation by Reuters found at least 429 unconnected people in the town were paid 50 cash to become directors, with a further 150 a year for forwarding company mail and fees for extra paperwork.

Mr Mawson, 61, was recruited by a neighbour who had already signed up.

“All we were told was that we would just get letters sent and all we had to do was hand them on,” he told BBC Newcastle.

“Money was rather tight. All we wanted was a bit of extra cash.”

Image caption Simon Dowson said the directors knew what they had signed up for

Another director, Andrew McBride, 46, said he did not realise what he had agreed to, but accepted he should have checked further.

Mr Dowson was paid between 2,500 and 3,000 per shell company, administering 1,200 at his peak.

Using unconnected individuals as directors prevented “cross contamination” if credit card companies withdrew services from one company, he said.

“It’s a very simple operation. It’s commonplace. It’s just not commonplace here,” he said.

Mr Dowson said the directors were given information about the companies, their role and any documents they had to sign.

“There was nobody ever kept in the dark,” he said.

Image copyright Google
Image caption Simon Dowson ran his company-formation businesses from a unit on Consett Business Park

Mr Mawson only found out a few years ago that one of his directorships involved pornography sites and wanted “nothing more to do” with the arrangement.

Mr Dowson said the overseas companies’ trade included travel, bingo and “vanilla” dating sites, not just adult entertainment.

He has been investigated by the Insolvency Service, part of what is now the government’s Department for Business, Energy and Industrial Strategy, he said.

Some of the firms using his service have also been investigated, and some closed down, but there have been no criminal charges or sanctions brought against Mr Dowson or any of the directors.

He was told what he had been doing was “incorrect or maybe not best practice” but “not illegal in any way, shape or form”, he said.

He has agreed to stop using untrained people as directors and said his company formation business would soon close.

The government declined Reuters’ request for comment.

Read more: http://www.bbc.co.uk/news/uk-england-tyne-38097382

Black Friday: Is it still a big deal for High Streets? – BBC News

Image copyright Getty Images
Image caption Black Friday sees retailers offer big discounts

Black Friday is the US import that sees bargain-hunting shoppers spend billions in the hope of a cut-price Christmas, but has it had its day?

The fourth Friday in November has been a fixture in the US for decades. It is the day after Thanksgiving, when shops try to tempt people with big discounts.

In the UK, it is a pre-Christmas flash sale on shops and the web, followed by Cyber Monday, which is just online.

But will shoppers take to the sales with as much enthusiasm as before?

There were concerns by some retailers, most notably Asda, who dropped Black Friday altogether in 2015, that shoppers were being held “hostage” to sales.

And the fights that broke out in 2014, as customers competed for the best bargains, did not exactly endear it to managers either.

Estimated Black Friday spend

2,313,760

per minute

  • 1.96bn predicted spend 2016

  • 1.65bn spent in 2015

  • 37% expected to be online

Getty Images
Image copyright Reuters
Image caption Fights broke out on Black Friday in 2014 as customers competed over items

Where is Black Friday most popular?

Norwich, for online shopping. That is according to Royal Mail, which analysed the packages it processed and delivered after Black Friday in 2015.

The top 10 online shopping hotspots for Black Friday were:

  1. Norwich
  2. Dorchester
  3. Exeter
  4. Bournemouth
  5. Swansea
  6. Aberdeen
  7. Torquay
  8. Inverness
  9. Taunton
  10. Lancaster

Is it just the UK copying America?

No. Canada and Mexico, as neighbours to the US, have it too. And Black Friday has been exported around the world to different countries with their own interpretations.

In Romania, it took place on 18 November, a week before the US. It is driven by online retailer eMAG, which set the date.

India, too, is expected to see the same discounts on its own versions of online retailers such as Amazon.

In France, it was a break with the tradition of summer and new year sales to adopt Black Friday – even if some experts claimed it was “artificial”.

Will Black Friday be as big this year?

Probably. It is expected that about one in five people will shop on Black Friday, with Wales and the South West of England the biggest participants.

Shoppers are expected to spend almost 2bn, 19% more than on the same day in 2015, at least according to one expert report.

And although 2015 saw people spend more than they did in 2014, the number of sales through physical stores is expected to fall, according to the Centre for Retail Research and VoucherCodes.co.uk.

It was online shopping that benefited from an 11% rise in sales over Christmas 2015. And it is likely to do so again.

However, while one set of research suggests people will spend more, another finds shoppers might take things more steadily.

According to a survey by Vouchercodes.co.uk and the Centre for Retail Research suggests a “modest” increase in spending. Their sample was of 1,000 shoppers.

Completely separate research by Retail Week and Retail Economics found 21% of surveyed consumers would try to get a bargain on Black Friday, down from 25% last year.

And 74% of the people surveyed said they expected to spend less than in 2015.

Of course, that is also just a sample of 2,000 people.

Another thing to consider is how retailers are making their own changes. Amazon, for example, launched its discounts on 14 November, spreading the event out.

What will be the effect on shops?

Black Friday and Cyber Monday boost sales on those days. However, shoppers only have so much money to spend. That means they spend less over the rest of the run-up to Christmas.

The Centre for Retail Research said while the day itself got people spending, trade fell back over the next couple of weeks.

“In 2015, shoppers had a lot more money to spend and confidence was higher than in previous years,” a spokesman said. “Black Friday was better organised and became a week of discounts with few of the delivery and IT problems experienced the year before.”

Will everyone have finished their Christmas shopping early?

A fifth of shoppers will do their shopping in the five days before Christmas, research by Tableau Software suggests.

Perhaps that is why the last weekend before Christmas has something now known as Panic Saturday.

And this year, Christmas Eve is on a Saturday as well. The tills will jingle all the way.

Related Topics

Read more: http://www.bbc.co.uk/news/uk-england-37922978

Franois Fillon beats Alain Jupp in presidential candidacy debate

The men, running as candidates for the French rights nomination, debated issues including abortion and the economy

Franois Fillon, the socially conservative former French prime minister promising a pro-business electric shock for France, was seen as the winner of a TV debate against his more moderate rival, Alain Jupp, ahead of Sundays vote to nominate the French rights presidential candidate.

The two-hour live TV stand-off was surprisingly mild-mannered after days of savage attacks between the two candidates, in which Fillon complained of being called a medieval reactionary for his plans to roll back certain adoption rights for gay couples and his private beliefs on abortion, and Jupp complained he had been labelled an Islamist Ali Jupp for supporting the diversity of France.

Fillon said this week that France had never been so rightwing and that he was the best candidate to tap into that rightwing shift. He told the TV debate he felt he had won the ideological battle. He promised to cut half a million public sector jobs while returning France to full employment in five years a huge promise in a country that has battled with mass unemployment for three decades, including during Fillons recent five-year stint as prime minister. Fillon also said there needed to be more privatisation in the French health service and that Frances cherished social model its vast security net including pensions, unemployment benefit and the health system was defunct and had to be overhauled.

Jupp warned against what he called brutal reform that wouldnt work.

Jupp insisted that their stances on abortion should be clarified. Fillon, who has been emphasising his Christian faith as he attempts to appeal to a hardline Catholic vote, has said he was personally opposed to abortion. But he said in the debate that he would do nothing to change French abortion laws introduced in 1975. Jupp said, for him, abortion was a fundamental right.

The two candidates differed on the scale of economic reform and public spending cuts, but both proposed tax cuts and public-sector-job cuts.

They also differed on the identity of France. No, France is not a multicultural nation, Fillon said, adding that foreigners who came to France must assimilate. When you come to someones house, by courtesy, you dont take over, he said.

Jupp said Frances identity came from its rich diversity which should be celebrated and that he wanted to bring people together.

Read more: https://www.theguardian.com/world/2016/nov/25/fillon-beats-juppe-in-tv-debate-ahead-of-vote-on-presidential-candidate

Strikes in China over foreign employers selling out to local companies

Coca-Cola and Sony hit by walkouts as workers fear they will lose jobs or have pay and conditions cut when Chinese firms take over factories

Coca-Cola workers in three Chinese cities have gone on strike after the US soft drinks company announced it was selling its bottling interests in the country.

Strikes and other labour protests have surged in recent years in China, where growth is slowing and parts of the economy are moribund.

The company has announced it is selling all its bottling assets in mainland China to Hong Kong conglomerate Swire Pacific and Cofco Corporation, one of Chinas state-owned food giants.

The Swire transaction was worth 5.87bn yuan (US$850m), the Hong Kong company said. Cofco did not disclose the size of its deal.

Workers at three Coca-Cola plants called co-ordinated strikes on Monday, with pictures posted online appearing to show workers outside a factory in Chongqing with a banner that read: We worked hard for over a decade but were sold in less than a second. Compensate! Compensate! Compensate!

Another proclaimed: Give back my youth, compensate my time.

Simultaneous strikes took place in Chengdu, also in the south-west, and Jilin province in the north-east.

One worker said more than 600 staff went on strike in Chengdu.

The Coca-Cola bottling plant workers feared they would lose their jobs or pay under the state-owned employer, said one striking employee.

We are demanding the company disclose details of the refranchising and plans during the transitional period, he said.

We request the company give workers economic compensation before they decide to sign the contract with Cofco.

Separately, workers at a Sony factory in the southern city of Guangzhou downed tools in protest at the sale of the Sony Electronics Huanan subsidiary, which managed the site, to a Chinese company.

Production at the smartphone camera parts facility, which employs 4,000 people, was halted for two weeks after Sony announced it had been sold to Shenzhen O-Film Tech.

Protesters fear working conditions and pay could suffer and are also concerned about possible job cuts.

I have been working for the Japanese group for 10 years, with a good level of salary and allowances, said Liu, an employee on strike. All that could now change under ownership of the Chinese firm, she said.

Everyone knows that in its factories wages are mediocre, there are many layoffs, and it imposes unpaid overtime, Liu said.

Labour protests have erupted in China with economic growth slowing and factory closures often leaving workers with unpaid wages and no redundancy pay.

Hong Kong-based rights group China Labour Bulletin (CLB) said there were 2,774 strikes and labour protests across the country in 2015 more than the previous four years put together with unpaid wages the most common grievance.

Independent trade unions are banned in China, with only the official All-China Federation of Trade Unions legally recognised. But critics say it often fails to assist workers in disputes.

Officials pay close attention to unrest that could upset social stability, which the ruling Communist party seeks to maintain.

According to posts on social media, police clashed with strikers at the Chongqing factory, with video showing police pushing a cluster of workers in red uniforms and officers photographed subduing a struggling man.

Police officials in Chongqing said they had no information on such incidents when contacted by AFP.

Similar strikes broke out in 2011 when workers at five Pepsi bottling plants across China protested after the US beverage giant sold its plants in the country to a Japanese-Taiwanese venture.

Read more: https://www.theguardian.com/world/2016/nov/25/strikes-in-china-over-foreign-employers-selling-out-to-local-companies

10 Things You Absolutely Need To Know Before You Ask For A Raise

Asking for a raise is hard. The truth is, not matter what,it will never be easy breezy.

Talking about money with the person who holds your employment status in the palm of his or her hand is just about as nerve-wracking as it gets. And that’s ok! There are tipsthat will help you deal with this difficult, but necessary life step.

If you feel like you are under-compensated for the amazing work you’re doing at a job that you love while others around you may slack, there are very few reasons not to ask for a raise. The worst that could happen is that your boss says no, and you both carry on with your lives. The best that could happen is that you get a bigger chunk of change in your paycheck, and are able to further pursue your life goals.

These 10 tips will help prepare you for this chance to improve your life. If you never ask, you’ll never get it, so what are you waiting for?

Please SHARE these important ideas for nabbing a raisewith your family and friends on Facebook!

1. Do The Research

1.

Before you pick a number out of the blue, go online and find out what percentage of a raise is normal for the position you’re in and within your industry. You need to know the game before you can play it, so have a few statistics in your back pocket before you walk into any meetings.

2. Know Your Number

2.

You should always have a number in mind after you do your research. Honestly gauge what you’re worth and ask for that.

3. Be Confident

3.

Armed with the numbers and the statistics, and the knowledge of what you are really worth, you should have no problem coming across as confident. Negotiating a raise is something that happens all the time in the business world, and you shouldn’t count yourself out of a higher salary just because you aren’t someone that relishes difficult conversations. Hold your head high.

4. Be Ready To Negotiate

4.

If you need to practice beforehand, then do it! Negotiating can be intimidating, but this is something that you have to do on your own if you really want that raise.Find a friend or family member who is tough when it comes to these conversations and give it a practice run.

5. Don’t Undermine Your Boss

5.

Just because you have all the facts and know your worth doesn’t mean that you have the right to undermine your boss, and there is a thin line between negotiations and an argument. Keep it civil and depersonalized. Talk about the work you do and your strengths as an employee, and do not let feelings get in the way! Make sure you give them time to respond to your case, too.

6. Give Your Boss Fair Warning

6.

Google Calendar

Schedule a meeting with your boss at least a few days ahead of time so that you both have time to prepare for the meeting. Simply say you’d like to have a discussion about your career growth with the company and leave it at that.

7. Start And Stay Positive

7.

It’s so important to let your boss know that you like working at the company, and to remind him or herof all of your accomplishments. Start off with a compliment to the company and the work you do as a whole, then get specific about how you’ve grown, how you’ve contributed, and what makes you outstanding.

8. Ask For Endorsements

8.

Getting co-workers’ and other managers’ good word will only reinforce your case for a raise. Ask around and see who would be willing to send an email, talk on the phone with, or meet in person with your boss.

9. Give It Time

9.

Your boss may have to think over the raise, look at the available budget, and/or bring it to higher-ups. Your answer may not come for another few days.

10. Time It With Company Growth

10.

Look at your company’s trajectory leading up to when you want to ask for a raise. If the company is on the rise, you’re more likely to get a higher salary, but if you’ve just suffered a loss of a big client, or something of equal detriment, then it may not be the best time to schedule a meeting.

Were you planning on asking for a raise soon, but couldn’t get up the courage? Please SHARE with your family and friends!

Read more: http://www.littlethings.com/tips-for-asking-for-a-raise/

Dad-Of-Two Explains Why He Isnt Married To Only One Woman

These days, the divorce rate is on it’s way down for the first time in decades.

Just twenty years ago, 50 percent of marriages ended in divorce.

Today, divorce rates are still high, but we’re seeing adramatic uptick indivorced former couples that still work on their relationship, often for the sake of their kids.

Equally notable? Married couples appear to be staying together, longer and stronger than before.

Maybe that’s partially because we’re finally putting a persistent marital myth to bed: that you need to sow your wild oats far and wide before you settle down.

But lots of newly-married couples seem to be coming to a realization, discovering that, when you marry one person, you’re actually getting about10 different partners.

That’s the theme of a recent Facebook post from business personality Dale Partridge, who recently took to his social media page to explain why he’s not really married to “only one woman.”

Scroll through below to read Partidge’s powerful words about the woman he married.

“Men are so worried that marriage will leave them with only one woman for the rest of their lives.

Thats simply not true.”

I fell in love with a 19-year-old rock climber, married a 20-year-old animal lover, started a family with a 24-year-old mother, then built a farm with a 25-year-old homemaker, and today Im married to a 27-year-old woman of wisdom.”

“If your mind is healthy, youll never get tired of one woman.

Youll actually become overwhelmed with how many beautiful versions of her you get to marry over the years.

Dont say no to marriage, say yes and keep saying yes until the day you die.”

Partridge, who is best-known as a blogger and a founder of StartUp Camp, knows exactly what he’s talking about.

He and his wife Veronicahave two beautiful children and wonderful life together.

They’re still young, but they already have a wealth of shared history and experiences.

They married young, and there are still plenty of folks that would say that they didn’t get the chance to experience the world and date different people before they settled down.

Partridge argues that, actually, they’ve been married to alot of different people in their time together.

That’s because one advantage of marrying young is that you grow up together.

We all change over the years, and none of us would claim to be the exact same person at 40 as we were at 20.

It seems to us that the Partridges simply figured out this fundamental truth earlier than most.

They may still be young, but we have no doubt that they have a wonderful future ahead of them, finding themselves married over and over again to different versions of the people they were when they first met.

If you agree that, when you marry, you marryall of the people your partner will become, please be sure toSHARE with the married folks in your life!

Read more: http://www.littlethings.com/dad-not-married-to-only-one-woman/

Autumn Statement: Government defends post-Brexit economy forecasts – BBC News

Media captionPhilip Hammond opened his Autumn Statement by looking at the UK economic figures.

The government has defended economic forecasts in the chancellor’s Autumn Statement after criticism by some pro-Brexit MPs that they are too gloomy.

Philip Hammond quoted Office for Budget Responsibility (OBR) predictions of increases in borrowing and reductions in economic growth following Brexit.

Ex-minister Iain Duncan Smith claimed the OBR “hasn’t got anything right.”

But treasury minister David Gauke said it was right to work on the basis that the OBR forecasts were correct.

Mr Hammond told MPs the UK’s deficit would no longer be cleared by 2020, while the OBR estimated the UK would have to borrow an extra 122bn compared with what was forecast in March, with the referendum result accounting for 58.7bn of this.

The Brexit vote meant potential growth in the current Parliament would be 2.4% lower than forecast in March, according to the OBR.

The OBR said producing a forecast was “far from straightforward”, as it had not been given any extra information from the government about its negotiation plans.

It said: “We have made a judgement – consistent with most external studies – that over the time horizon of our forecast any likely Brexit outcome would lead to lower trade flows, lower investment and lower net inward migration than we would otherwise have seen, and hence lower potential output.”

The organisation said the economy will be affected by future choices that the government makes about regulatory and other policies and it “could move in either a growth-enhancing or a growth-impeding direction”.

Asked about the OBR’s predictions, former Work and Pensions Secretary Mr Duncan Smith told the Daily Telegraph it was “another utter doom and gloom scenario” from the organisation.

The Economists for Brexit group predicted more “humiliating U-turns” from the OBR, saying it had “assumed a pessimistic outlook for the UK economy outside the EU, based on bad economic policy-making”.

Conservative MP John Redwood added: “Their [GDP growth] forecast probably is too low, their borrowing forecast is far too high, and we’ll get good access to the single market once we’re out of the EU.”

But speaking on BBC Newsnight, Chief Secretary to the Treasury Mr Gauke said: “We have an independent body that makes the forecasts and it is sensible for a government to work on the basis that that independent body has got it right.”

Media captionDavid Gauke, Chief Secretary to the Treasury, defends the OBR forecast.

He said nobody should be surprised that uncertainty created by the Brexit vote would hit growth.

“People of course are entitled to their opinion and I guess in a year or two’s time we can look back and see who was right and who was wrong,” he said, adding that the forecasts were “not government numbers”.

In his first major speech as chancellor, Mr Hammond vowed to make the UK economy “resilient” for Brexit.

The chancellor told MPs the Brexit vote would “change the course of Britain’s history”, making it “more urgent than ever” to tackle long-term economic weaknesses.

Labour said the statement offered no hope for the future after six “wasted” years.

Among announcements in the Autumn Statement were:

The speech also triggered questions about the future of the so-called “triple lock” protection for state pensions, while campaigners criticised the lack of extra funding for social care.

The triple-lock guarantees that state pensions rise by the same as average earnings, the consumer price index, or 2.5%, whichever is the highest.

Mr Hammond said the government would meet this pledge, adding: “But as we look ahead to the next Parliament, we will need to ensure we tackle the challenges of rising longevity and fiscal sustainability.”

Former Pensions Minister Baroness Altmann, who has said the pledge is too expensive and should be scrapped, said: “The chancellor’s speech signalled pretty clearly that the state pension triple lock is only safe until 2020.

“I would like to see a double lock announced, whereby state pensions would rise in line with either earnings or prices.”

Meanwhile health and social care leaders have condemned the statement for a “missed opportunity” to announce new investment.

Media captionKey points from the chancellor’s first Autumn Statement

Responding to Mr Hammond in the Commons, shadow chancellor John McDonnell condemned the government’s approach to austerity and said the people the prime minister promised to protect – those who are “just about managing” – had been “betrayed”.

“After all the sacrifices people have made over the past six years, I fear today’s statement has laid the foundations for more wasted years,” he added.

The SNP said Mr Hammond had offered little on the “elephant in the room” – Brexit – while the Lib Dems said the government would “hit people in the pocket through their hapless handling of Brexit”.

But UKIP said billions were being wasted by the government “delaying” the UK’s exit from the EU.

Plaid Cymru said there was little in the statement to help rebuild the Welsh economy and close the wage gap with England.

What questions do you have about the Autumn Statement?

If you are reading this page on the BBC News app, you will need to visit the mobile version of the BBC website to submit your question.

Read more: http://www.bbc.co.uk/news/uk-politics-38087110

Autumn Statement shows cost of casual work ‘gig economy’ – BBC News

Image copyright Getty Images
Image caption Government revenues are being hit by the growth in self-employment

The UK’s “gig economy”, powered by self-employment and casual work, is starting to hit government revenues.

Wednesday’s Autumn Statement for the first time showed how it is cutting into the government tax-take.

The Office of Budget Responsibility (OBR) estimates that in 2020/21 it will cost the Treasury 3.5bn.

Chancellor of the Exchequer Philip Hammond said he would find more effective ways to tax workers in the shifting labour environment.

“Technological progress is changing the way people live, and the way they work,” he said. “The tax system needs to keep pace.”

But the Association of Independent Professionals and the Self Employed (IPSE) said the government is ignoring the importance of the self-employed sector.

Disguised earnings

Andy Chamberlain, deputy director of policy at IPSE, said: “The Chancellor boasted about record low employment, scoring political points, but failed to mention that the huge rise in self-employment is the main thing that allows him to make that claim.”

MPs Frank Field and Andrew Forsey, in their report Wild West Work, published in September, said that out of those 2.6 million people who have found a new job since 2010, more than a third have been classed as self-employed.

Mr Hammond also said that he could claw back some 630m over the next five years from self-employed workers who are not paying tax on so-called “disguised earnings”, payments made as, for example, a loan or a payment in kind.

Mr Chamberlain said he “whole-heartedly supported” any measure to stop any scheme deliberately designed to avoid paying tax.

But he added: “The loss in tax revenue for the government is not because self employed workers are paying much less. The real differential is because the employer is no longer paying National Insurance Contributions (NIC).

“If you employ someone for 100,000, you pay the taxman about 13,000 in NIC. If you pay a self-employed person the same amount, the government loses that tax revenue.”


What the Autumn Statement means for you

Ministers back Autumn Statement forecasts

UK economy ‘resilient’ despite 122bn hit

Autumn Statement latest updates

Key points at-a-glance

Your questions answered


Mr Hammond also said the government was losing revenue from “incorporation”, the process by which individuals form a company, often with themselves as the only employee, to pay less tax.

By doing so, instead of just taking a salary and paying income tax, they can also get much of their earnings as dividends from their corporate profits.

Even though the tax on dividends has risen, for most people it is still lower than income tax.

And for the Treasury that means less tax revenue.

Image copyright Getty Images

The chancellor said in the Autumn Statement he would “consult in due course on any proposed changes”.

Mr Chamberlain said: “The reason self-employed workers become incorporated is not just to do with tax. It’s also to do with the security of having limited liability.

“And clients often insist upon it if they want to have a business-to-business relationship. This whole area of work is changing faster than the government can keep up with.

“For instance the ruling on the Uber drivers last month that established that they were workers, employed by Uber, gives them some statutory rights. But it doesn’t effect their tax status, which is still one of self-employed.”

Mr Chamberlain added: “The government is now beginning to wonder if it really has the systems in place to capture all the different ways of working.”

Read more: http://www.bbc.co.uk/news/business-38082535