Yesterday the ONS released data on real wages going back until 1975 and as you might expect they show that median wages have grown pretty dramatically over the last 40 years or so.
Coincidentally 1975 was also the year that saw the passage of the Sex Discrimination Act and the Equal Pay Act. For younger women the legal and social changes since 1975 have had some success. Throughout their teens, twenties and thirties men and women now earn comparable amounts. In 1975 men earned substantially more at every single age. Read more
In case you’ve forgotten, England did take part in the 2014 World Cup. But despite uncharacteristically low expectations from the watching English public, Roy Hodgson’s side slunk under this low bar, flying home after two defeats and a goalless draw with the global footballing powerhouse Costa Rica.
What went wrong? Countless theories abound – some better than others – but some relatively simple maths may be able to explain at least one of the factors involved: statistically speaking, England were bereft of luck. Read more
Britons need to reduce dramatically the amount of sugar they eat, according to a new report from the Scientific Advisory Committee on Nutrition (SACN). The government recommends that 10 per cent of calories ought to come from sugar, but the SACN suggests this should be halved to address rising obesity.
A quarter of adults in the UK are thought to be obese, up from just 15 per cent in 1980. Read more
In September, the Scottish people will vote in a referendum that could see the country break away from the rest of the UK.
Using polling data collated by the UK Polling Report and What Scotland Thinks, we have analysed all polls conducted in the past year that used the referendum question: “Should Scotland be an independent country?” Read more
The price of oil is at its most stable for decades, as rising US production helps offset supply disruptions such as the Arab Spring, according to research by BP that was released today.
The petroleum giant’s annual statistical review contains a wealth of information about many aspects of the global energy market. Read more
by Henry Foy, Automotive Correspondent
Henry Ford, the grandfather of the car industry and Tesla CEO Elon Musk, its current saviour (or enfant terrible depending on your point of view and stockholding) had similar views on spreading warm and fuzzy love around with rivals.
“If everyone is moving forward together, then success takes care of itself,” Ford once said. “A business that makes nothing but money is a poor business,” another Ford pronouncement, is certainly a view shared by Musk – who has said making electric cars successful is more important to him than making his company successful.
But Ford would be turning in his Detroit grave at Musk’s latest decision to make all of Tesla’s patents availble, free of cost, to its rivals.
Ford — who ironically broke the famous Selden patent monopoly that allowed the US car industry to get off its feet — loved patents. He racked up more than 150, and liked to be in control of every aspect of his cars. That control has percolated throughout the car industry since, as rivals look to corner emerging technologies.
But what exactly is in the box of secrets that Musk has opened to the world — and to his competitors? Read more