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Lord Swraj Paul: UK needs to invest in workforce

Countries across the globe, including India, are making efforts to ensure that their companies are equipped with skilled workers and Britain must follow suit to succeed after the Brexit, leading industrialist Lord Swraj Paul has said.

Paul, the founder of Caparo Group of industries, said the world was becoming more competitive and Britain must continue to invest in its workforce if it is to succeed.


He said governments everywhere were playing a key role in ensuring that companies are equipped with skilled workers.

"It is noteworthy that many developing countries such as India are also working very hard and successfully in this area," said Paul, who is also the Chancellor of the University of Wolverhampton.

He said the university had taken positive and progressive steps to help match need and demand of industries.

Britain voted by 52 per cent in favour of leaving the European Union in a referendum last year.

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Britons expected to spend £24.6 billion on Christmas despite cautious start, PwC survey reveals

Highlights

  • Christmas spending to reach £24.6 bn, averaging £461 per adult.
  • November sales disappoint with 1.1 per cent drop in card spending amid budget uncertainty.
  • Mild weather dampens fashion sales while cost of living remains top concern.

British consumers are expected to spend £24.6 bn on Christmas presents and celebrations this year, representing a 3.5 per cent increase on 2023, despite a sluggish start to festive trading, according to a PwC survey published on Friday.

The forecast indicates essentially flat sales in real terms, with inflation running at 3.6 per cent in October. Average spending per UK adult is projected to reach £461, with top priorities being food and drink, Christmas dinner, and health and beauty products.

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