Economy

Zero-hour contracts remain a flashpoint

The so-called zero-hour contracts have remained a flashpoint, even as the Department for Work & Pensions insists that they are not as bad as mandatory work activity.

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Parents risk their financial future to help children buy home: Halifax

British parents who helped their adult children in getting on the property ladder are now concerned about their own financial future, according to a fresh report from mortgage lender Halifax.

The report said nearly four in every ten parents who helped their children to buy a house are now concerned about their own finances in their old age, including pension cash.

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Piketty’s socialist manifesto not without flaws

Economist Thomas Piketty's latest book "Capital in the 21st Century" that severely criticizes growing inequality between the poor and the rich has been commended by a number of experts, politicians and academics; but the book is not without flaws.

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Scotland will be rated at least 2 notches below UK’s rating: Moody’s

An independent Scotland would likely be rated at least two notches below the UK's rating, according to global credit ratings agency Moody's.

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Income inequality reaching intolerable levels: Thomas Piketty

French economist Thomas Piketty book on income disparity has once again raised concerns over widening gap between the rich and the poor.

In his blockbuster "Capital in the 21st Century," Piketty pointed out that the richest 1 per cent alone pocketed more than half (60 per cent) of the total increase of national income in the United States between 1977 and 2007.

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