Nissan, the Japanese car company is apparently recalling over two million of their vehicles across the globe due to a fault with the engine control system.

The cars were produced between 2003 and 2006 and models involved include the Tida and the Cube.
Most of the cars affected are from Japan or North America, however 354170 are being recalled across Europe.

Nissan have advised that no accidents have been reported as a result of the fault, which may cause the engines to stall whilst the car is running . The company will replace defective parts for free on certain vehicles.

Vince Cable, the Business Secretary last night advised a package of £1.3 billion to prevent our post offices closing.
In recent years a large numbers of Post Offices have been forced to close down due to cost cutting.
The business Secretary is doubling the funding provided by the Government, which means there it is likely there are no plans for future closures.
Mr Cable said,

“The Post Office is not for sale. It is unique. It operates in places where other retailers do not. It offers services other retailers do not. Above all, it plays an essential social and economic role in our communities. It needs greater efficiency and lots more money so it can modernise.”

According to BT there are numerous apprenticeships available in different parts of the business.
It has had a large increase in applications this year, rising from around 9000 in 2009 to approximately 24,000 who have registered for the first set of vacancies.
The company will be recruiting around two hundred extra staff by Christmas in addition to the two hundred and twenty one positions they have filled already earlier in the year.
BT also stated that further staff will be required to help with the roll out their new high speed fibre optic broadband network.

A study has shown that public sector workers take three more sick days per year on average compared with those working in the private sector. The stats come from the Chartered Institute of Personnel and Development.
Apparently more and more they are blaming stress for their absences.

The average time taken off work due to sickness in the public sector is 9.6 days per employee each year, compared with the private sector where the average is 6.6 days per employee in a year.

Within the public sector people rated concerns about company restructuring and organisational changes as one of the top three causes for increased work related stress.

Seventeen year old George Simnett may have become the youngest funeral director to have set up his own business. He has started running the business following two months of learning how to prepare and clean bodies for funerals.
At present the company is run from the premises of Charnwood Funeral Services in Leicestershire, which is where George learnt the trade.
He initially intended to work in the farming trade as per tradition in his family, however after attending agricultural college he found the money he was earning was not enough to make a wage.

It seems the Governor of the Bank of England, Mervyn King has seen his pay increase quite substantially despite the economic downturn and the problems the UK banks have caused for the UK economy. King saw a 2.5% increase in his wages which now take him to three hundred and six thousand pounds a year.

It’s reported that Mervyn King has refused to accept anymore wage rises for the next two coming years and this was a personal decision not on too encourage other city bankers to take on. Saying that city pay is becoming more and more controversial day by day.

Sir Leahy the UK’s most influential retailers has bagged a whooping thirteen and half million pounds due the success of supermarket giant Tesco’s in the last year. Sir Leahy was not the only person to bag money either the success of Tesco saw members of staff an average of about £490 extra a year aswell.

It seems Sir Leahy will also have a great retirement with a pension fund of nearly fifteen million pounds. Tesco has nearly a third of the supermarket industry in the UK and is continuing to expand they are easily fighting off competitors like Sainsbury’s, Asda and Morrison. Not to forget Tesco’s also has its fingers in a number of other pies adding to its success.

Struggling Kingfisher Group which houses brands like B&Q, Castorama, Brico Depot and Screwfix are hoping that the upcoming world cup competition will encourage consumers to spend. They are hoping that the world cup will take away the blues around the doom and gloom of rising taxes and bad weather. This is a genuine hope for the company as in the good weather this may encourage more home improvements and the world cup may encourage more gardening or other hobbies.

The group of companies has been feeling the difficult times recently due to the bad weather and the economic downturn. Hopefully they will be right and the world cup will help them in trade.

The Royal Bank of Scotland (RBS) is cutting nearly 500 jobs in the UK. Jobs are being cut in its wealth management business with most jobs being lost at Queen banker Coutts and Co. These job cut will take place over the coming three years bringing RBS job cuts figure to over the twenty thousand mark. Royal Bank of Scotland had to be bailed out by the tax payer after major problems in the UK recession.

The bank claims that these cuts are necessary to fund the future of the business as it seems to be more of a cost cutting exercise than anything else.

The average UK House price is now 10 per cent below the peak reached in 2007. Nationwide building society has stated that prices have risen 0.5% in the last month or so. The average cost of a home is now around one hundred and seventy thousand pounds, this is the highest since July 2008. Despite the recession prices are continually rising and this is down to the lack of houses and demand being very high at the moment.

This also goes for rental properties there is a huge demand for rental properties but not enough properties to go round. This is difficult time for the UK.