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Tag: plan

Heathrow turns screw on cost cuts with new furlough plan

Heathrow turns screw on cost cuts with new furlough plan

Business
Britain's biggest airport is to furlough its entire senior management team apart from its chief executive and pave the way for more permanent job losses, underlining its pessimism about the aviation industry's short-term recovery prospects.Sky News has seen emails sent by Heathrow executives on Friday which detail plans for a new voluntary redundancy scheme and a requirement for staff to be placed on furlough for at least four weeks between the beginning of December and the end of March. Sources said the furlough requirement would apply to every Heathrow employee other than John Holland-Kaye, the airport's chief executive.The latest developments come weeks after Heathrow relinquished its crown as Europe's busiest airport to Paris's Charles de Gaulle, with passenger numbers at the London hu...
Ban on new petrol and diesel cars in UK from 2030 under PM’s green plan

Ban on new petrol and diesel cars in UK from 2030 under PM’s green plan

Science
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Third major COVID-19 vaccine trial begins in UK as PM told to ‘prepare a plan’ for roll-out

Third major COVID-19 vaccine trial begins in UK as PM told to ‘prepare a plan’ for roll-out

Technology
Global pharmaceutical company Janssen is beginning clinical trials of a potential COVID-19 vaccine in the UK.Around the country, 6,000 volunteers are taking part in phase-three trials of the COVID-19 vaccine at 17 National Institute for Health Research (NIHR) sites, including in Southampton, Bristol, Cardiff, London, Leicester, Sheffield, Manchester, Dundee and Belfast. It is the third potential coronavirus vaccine to enter clinical trials in the UK, alongside US biotech company Novavax and University of Oxford/AstraZeneca whose studies are currently ongoing. Please use Chrome browser for a more accessible video player ...

Here’s what’s ahead for President-elect Biden’s tax plan

Finance
President-elect Joe Biden and Vice President-elect Kamala Harris at the transition team's Covid-19 advisory board Nov. 9, 2020 meeting in Wilmington, Delaware.Joe Raedle | Getty ImagesJoe Biden may have won the presidency, but there's no guarantee his tax plan will come to fruition intact.President-elect Biden campaigned on a series of sweeping changes to the tax code, aiming to levy higher taxes on high-income households and corporations.His proposal would also overhaul the way wealthy families transfer assets to heirs.The catch is that the success of his plan depended on a "blue wave" in Washington.While Democrats have preserved their control of the House, two runoff elections in Georgia will determine whether there's a 50-50 split in the Senate.Those runoff races, which will take place ...
Half of urban Indians have no retirement plan: PGIM India Mutual Fund survey

Half of urban Indians have no retirement plan: PGIM India Mutual Fund survey

Finance
City dwellers today are saving and investing less, allocating more than half their income to current expenses, finds a survey commissioned by PGIM India Mutual Fund. Do Indians have a retirement plan in place? No: 51% Yes: 49% Worry about the future, however, is increasing People are worried about the cost of living, healthcare issues and the lack of family support in future. Retirement comes way down on the list of financial priorities Children’s needs and security of the family take precedence over all else. PRIORITIES 1. Providing for child’s future, education and marriage 2. Financial security of children 3. Financial security of spouse 4. Providing for medical emergencies 5. Being physically and mentally fit 6. Leading a life without stress or burden 7. Improving standard of living 8