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Tag: economy

Darling: 'Alarm bells ringing' for UK economy

Darling: 'Alarm bells ringing' for UK economy

Business
Regulators must remain "very very" vigilant about the risks to the economy, former chancellor Lord Darling has told the BBC - 10 years on from the start of the financial crisis.He said a rising level of consumer debt in the economy was a growing concern. Lord Darling was speaking on the 10th anniversary of the 2007 crash, which led to the government spending billions of pounds rescuing major banks.He said the financial system was now safer but warned of "complacency"."The lesson from 10 years ago is that something that can start as apparently a small ripple in the water can become mountainous seas very quickly," he told BBC Radio 4's Today programme. The Labour peer said that over the last seven or eight years the economy had grown with "the odd stutter".However, he said he was concerned i...
Finding Blockchain-Based Security Solutions for the 3D Printing Economy

Finding Blockchain-Based Security Solutions for the 3D Printing Economy

Finance
Shutterstock photo3D printing promises no less than the possibility to treat the physical world of atoms like the virtual world of bits, allowing users to "email" all sorts of physical objects - that is, they can send validated specs to be 3D printed by a recipient with one click. In 3D printing, or "additive manufacturing," successive layers of material are added to create the desired object, which can be of almost any shape or geometry. There's still a perception that 3D printing is an expensive and overhyped way to manufacture cheap plastic toys, but the reality is that today's 3D printers can process a wide and increasing range of materials and complex designs.With comparatively low manufacturing costs - and no shipping costs - 3D printin...
Sluggish growth continues for economy

Sluggish growth continues for economy

Business
The UK economy grew by 0.3% in the three months to June - up from 0.2% in the previous quarter, official figures show.Sky's Economics Editor Ed Conway said: "It is inline with what was expected, but it is pretty weak."Normally you would be hoping for growth of about 0.7% to keep the UK growing in line with its long run potential."So 0.3% will be seen as something of a disappointment for many people - and coming after relatively weak growth in the first quarter as well."By my reckoning this is the weakest first half of the year that we have seen for the economy since 2012 - so in five years."The Office for National Statistics said the slight improved performance in the three months to June was underpinned by the dominant services sector - which represents more than three quarters of output....
Taylor Review: All work in UK economy should be fair

Taylor Review: All work in UK economy should be fair

Business
Media playback is unsupported on your deviceAll work in the UK's economy should be "fair and decent", a government review of employment practices has said. The report by former aide to Tony Blair, Matthew Taylor, pays particular attention to the gig economy.It recommends that workers for firms such as Uber and Deliveroo should be classified as dependent contractors, with extra benefits.The Prime Minister said the government would take the report's recommendations seriously.Mr Taylor said there was a perception that the gig economy put too much power into the hand of employers: "Of all the issues that were raised with us as we went around the country, the one that came through most strongly was what the report calls one-sided flexibility. "One-sided flexibility is where employers seek to tr...