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Which Business Degrees Can Help You Further Your Career?

There are many courses and degrees that can help you develop within your role, no matter what career path you choose.

In this article, we’ll break down how an MBA plays a large role within business, as well as some job roles where having one is a necessity.

The importance within the business sector

Within business structures, roles that are further up the chain of command will require the skills that you got while studying for your MBA. These vary from taking charge of hiring employees who are hungry to succeed to retaining the staff you currently have and encouraging their individual development.

Alternatively, the skills you pick up could revolve around managing the company’s finances and forecasting its planning and growth. This will also involve decision-making. Being able to decide what to do on a whim and take responsibility is crucial for managerial roles.

MBA degrees are renowned all over the world. Having one can open doors internationally if you were thinking about changing up your environment and day-to-day life. This feeds back into the networking you can do through the course, as a study from Chartered Association of Business Schools (CABS) found that 7 out of 10 graduates from business schools are international students, and 11% of that number took MBA courses in the UK.

What is an MBA and what are the benefits?

An MBA is a postgraduate degree course that is the business equivalent of a master’s degree. These courses focus on managerial and administrative practices so are usually taken when you have a few years of experience in the world of business. This is rather than taking the course after finishing your undergraduate degree and can be done remotely through online courses.

There are plenty of benefits to taking on an MBA course. Not only are you adding crucial knowledge around management and leadership roles to your repertoire, but you’ll also meet like-minded people on the course from a wide variety of business backgrounds. This networking can help you connect with businesses down the line or could encourage you to start your own business alongside these contacts.

MBA graduates are also among the highest paid of any graduates within the UK, as the skills you learn are crucial for high tier roles within business structures. In fact, research from Emolument found that the graduates with MBA degrees make £89,000 annually on average, while executive MBAs fetch up to £100,000.

Which roles require one?

There are a wide variety of roles where an MBA is needed to qualify for the job. The Business Statistics Briefing Paper from 2020 showed that within the UK alone, there are around 6 million companies and organisations in the private business sector. Having an MBA can be the key to obtaining employment within businesses in this sector.

The transferable skills you obtain through your course can help the roles that would be offered by these companies. MBAs focus a lot on the internal finances of companies, which fits into finance manager roles that revolve around budgeting the incomings and outgoings and building a timeline for future growth. Another option would be managing human resources departments, making calls on who to hire and making tough decisions around the day-to-day communication.

Roles like this often require an MBA, as CEOs and business owners want to put their trust in someone who understands the importance of what the jobs entail. Having such a qualification shows your dedication to management and the inner workings of a business and inspires a level of trust.

The business sector has a lot of doors that can be opened by getting an MBA. Within the sector, roles higher up in the structure of many businesses require one and offer a high salary. Having an MBA can also open a lot of doors on an international level, as they’re recognised as high-achieving degrees that hold a lot of weight and teach important skills.

Learning From the Best: How to Tackle Unemployment in the UK

The UK is a great place to find a meaningful career, progress, and live a satisfactory lifestyle. It comes as no surprise that so many European and international students are flocking into the country to pursue their higher education and career development in an environment that motivates and supports them. In 2020/2021, there were 605,130 international students pursuing their degrees in the UK, which is an increase of 8.71% since the year before.

Yet, the UK is also suffering from unemployment, like the majority of countries in the world. Some cities and areas are better developed and have lower unemployment rates, while others are more affected by the severity of the problem.

Today, we look at what we can learn from the cities with the lowest rates of unemployment, in order to increase employment and help businesses find the best talent.

Unemployment in the UK

The overall unemployment rate for those aged 16+ in the UK is 3.8% for the period December 2021–February 2022. This is a 31.58% decrease from the same period in the previous year when the unemployment rate was 5%. Similarly, the employment rate in the UK increased by 1.07% for the same time period.

According to the Labour Force Survey conducted by the Office for National Statistics, the English regions with the highest unemployment rate in that period are the North East (5.5%), London (5.0%), and West Midlands (4.9%). The regions that are best tackling unemployment are the South West (2.8%), East Midlands (3.1%), and East (3.1)

The Centre for Cities has tracked unemployment rates across UK’s cities and largest towns. York (2.6), Exeter (2.9), and Cambridge (3.3) are priding themselves on the lowest rates.

But what are these cities and towns doing to promote employment, and what can other cities and organisations do to expand their workforce utilisation.

Investing in areas of growth

Employment opportunities are not lacking. The number of job vacancies in January to March 2022 rose to a new record of 1,288,000. This is a 102.51% increase since the same period the year before. The industries that have increased their vacancies between September 2021 and November 2021 are education, construction, wholesale and retail trade, and repair of motor vehicles and motorcycles.

So, one of the reasons unemployment is present is because the job vacancies aren’t distributed proportionally within the UK by utilising the strengths of each region or city.

York, which has the lowest unemployment rate, for example, is focusing on developing its rail sector, as it’s a hub on the nation’s rail network. It’s also investing in biotech and agricultural research.

Another prime example of investment in local areas is Cambridge. With an unemployment rate of 3.3, the city, which is world-renowned for its university facilities, has been growing significantly. It’s projected that the number of jobs will rise by 22% in Cambridgeshire between 2011 and 2031. There are already over 1,500 science- and technology-based companies, echoing the area’s investment in IT and technology.

Ann Dowdeswell, Sales and Marketing Director of the leading work uniform supplier Jermyn Street Design, commented: “The investment in areas of growth not only opens new job opportunities but also attracts students who can excel in those sectors after completing their education. Firms specialising in those sectors can also benefit from investing in locations where the industries and flourishing. This will feed into other promoting the growth of other external aspects of the business, such as supply chains, sourcing staff uniforms, and logistics. It’s a win-win situation for everyone.”

Additional training to overcome the current skills shortage

What’s also making York, Cambridge, Exeter, and the other top cities score low on the unemployment tracker is the investment in education and additional training. This will help with labour mobility, which is the ability to switch jobs and sectors by possessing transferable skills.

Amidst the current skills shortage in the UK, which is the most severe one on record, it’s especially important to target employees right away and equip them with the skills needed to promote labour mobility. In a recent KPMG pulse survey, 70% of the surveyed companies said that they found it difficult or very difficult to attract and retain employees. Flexibility in terms of skills and career development is also critical, according to 50% of the respondents.

This can be achieved through education and additional training. York, for example, launched its One Year Skills Plan, Helping People Through Change: Skills for Employment in York, to help both businesses and residents adapt to the changing work landscape amidst the recovery from the pandemic.

Upskilling can also help with tackling sector-specific shortages in an ever-changing environment. According to the 14th ManpowerGroup Talent Shortage survey, conducted in Q3 of 2021, the three most in-demand roles in the UK are operations/logistics, manufacturing/production, and IT/data. These sectors are dependent on digitisation and technology, which some employees might lack the knowledge of. That’s where certifications, programming courses, and apprenticeships can help.

Investing in developing specific areas and sectors, as well as in providing education and upskilling for employees is the key to tackling unemployment in the UK. It’s people who are paving the way forward, and we need to lay the basis to allow them to succeed.

Step-On to Step Forward: The Snowboard Binding of 2022

The ski and snowboard industry is constantly evolving in line with the rising consumer demands and new technologies.

The first modern skis were invented in Norway in 1868 and were made from wood. The first-ever snowboard, however, the “snurfer”, was created in the mid-1960s by a surfer named Sherman Poppen and also consisted of wood with an added rope for navigation.

In the 1980s snowboarders were not allowed on the slopes and had to hike the mountain illegally at night to shred in the snow. Nowadays, the world of winter sports is brimming with snowboard competitions. It’s a highly praised sport that has even entered the Olympics.

As the technique of snowboarding advanced, so did the design of the board with steel edges, high-back bindings, rounded tails, hard boots, plate bindings, and specific boards for different snow conditions and terrains.

One of the most essential components of a snowboard is the bindings, as they equip you with better balance and allow for more accurate turns, board control, and maximum safety. Today, a new trend in bindings is disrupting the market – step-on bindings. Here, we explore why snowboarders are embracing them and how they can improve your performance on the snow.

From straps to step-ons

Generally, snowboard bindings consist of straps that secure your boot to the board. In the ‘90s, the snowboard company Burton introduced its step-in bindings system, which became a hit on dry slopes, indoor snow domes, and snow parks because it provided the snowboarder with ease and convenience. Step-in bindings mean that you don’t have to undo your strap bindings at the end of every run, which saves you a lot of time.

However, these early prototypes of step-in bindings featured very stiff boots, which made them challenging for use as ski boots. That meant that some people didn’t see the benefit of the convenience of step-in bindings.

In 2017, Burton introduced a revisited version of step-in bindings, which reflected the owner’s belief that snowboarding should be more convenient and accessible to everyone. The new technology is called step-on bindings. It incorporates a high back, so the boots keep their comfort and lock into the high back through the EST rail system, which is common for all Burton boards these days.

The 2017 step-on bindings were well-received by snowboarders, with the system proving to be responsive enough for excellent edge control when carving.

In order to appeal to a wider demographic, Burton expanded its range in Winter 2022 to include more size offerings, such as men’s 14 and 15 with XL bindings and 3K in kids’ sizing. Burton is also launching two new step-on models that offer a softer, more playful, and high-end ride, as well as a new lace boot with extended sizing.

Other companies are also branching into the step-on bindings market, in order to expand the range.

Step-on bindings for professional snowboarders

Step-on bindings are becoming more and more popular amongst snowboarders. According to Chris Fidler, Burton’s Vice President of global merchandising, 50% of the company’s boots and bindings sales across all its channels are comprised of Step-On set-ups.

Burton is also licensing third parties to design and manufacture step-on bindings with the aim of expanding the market. Chris Fidler commented: “Collectively, we’re changing the way people can get their boots and bindings. If it’s easier to ride, we can get more participants.”

Step-on bindings are extremely useful in the learning process too. For those pursuing snowboard and ski instructor courses, it’s vital to be able to master the best practices in order to offer their students the most robust lessons. With step-on binding, the snowboard instructor can quickly strap in and out of their board so that they can better support students on their learning journey. When learning how to snowboard for the first time, students tend to fall a lot and find it hard to get up. Being able to quickly adjust the bindings and the board will save them valuable learning time and help them progress quickly.

Step-on bindings are extremely useful when it comes to accessibility and inclusivity. Kiana Clay, who is an adaptive snowboarder and Burton team rider with a fully paralysed right arm, was able to perform better at competitions due to step-on bindings. That is so because she spent less time adjusting her bindings and more time mentally preparing for the competition.

Although step-on bindings are not used by freestyle riders in competitions, the goal is to expand the reach and help riders perform better with this type of bindings technology. Regardless, they can be adopted by both beginners and experts who are looking for ease of movement and convenience when on the slopes.

Income Protection vs Critical illness – Which is best for the self-employed?

Being unable to earn an income is a nightmare scenario for anyone. While we may not all live to work, we certainly all work to live. Outside savings, sick pay benefits or having family you can rely on, you’re going to have a rocky time surviving without an income.

For the self-employed, this can be particularly terrifying. With a lack of access to sick pay or holiday pay, and potentially having only short-term client work, the gig economy is

survival of the fittest. If your work dries up through increased competition or you become incapacitated and unable to work, you better hope you have savings to fall back on or recover fast.

Fortunately, there are ways to keep self-employment an attractive prospect. Anyone could lose their job without warning but taking the anxiety out of illness or injury with certain insurance policies can help provide peace of mind for the self-employed. Something usually only those with traditional sick pay benefits have.

Of these policies, income protection insurance and critical illness cover are two that are likely to be beneficial. But which is more suited to the self-employed and what is the best way to obtain them?

What is income protection and critical illness cover?

Income protection is an insurance policy designed to pay out to you in monthly instalments if you were unable to perform in your job, due to illness or injury. Essentially, for a fixed premium (monthly payment), you are covered for a multitude of illnesses or injuries that would keep you from completing your job.

Income protection insurance usually pays out anywhere between 50% – 70% of your gross (pre-tax) earnings. Some insurers may offer more or less, but this will impact the cost of your premiums. If a provider does offer more than 70%, than this will be capped to a maximum monetary amount decided by the insurance provider.

Critical illness cover is designed to pay out a lump sum if you’ve been diagnosed with a specific life changing illness or condition. This payment can help you replace your income if you’re left unable to work. The illness will need to be one that’s listed within your policy details in order for you to make a claim and it will need to be one that’s not terminal and hasn’t been excluded from your policy.

Unlike income protection, with critical illness cover, you have the option to choose the exact sum you need to cover your financial commitments. However, while most critical illness policies pay out the full sum a minimum of 14 days after diagnosis, some insurers will weight the pay out based upon the severity and how far along you are in your illness.

What are the similarities and differences?

On the surface, both income protection and critical illness cover can seem like fairly similar policies, as they’re both designed to compensate you if you cannot work.

Both policies won’t cover you for unemployment, including being made redundant, or if you pass away. Although, if your critical illness cover policy is part of a life insurance policy, a pay out will be made to your loved ones if you pass away during the term.

Both policies can be used to cover your important outgoings, including your rent/mortgage payments, household bills, childcare and transportation. Furthermore, both policies are paid for through monthly premiums and these premiums will be calculated using your personal circumstances and your chosen policy details.

However, there are some key differences, including how much cover you can take out and how it‘s paid out to you.

When taking out critical illness cover, you‘re able to choose a level of cover to meet your needs. This is known as the sum assured and it will be paid out in a lump sum.

With income protection, the amount of cover you’re eligible for will be dependent on your earnings and what percentage your chosen provider will pay out. This is paid out to you in monthly instalments and is known as a monthly benefit.

Income protection payments will reoccur until you’re well enough to go back to work and have the potential for you to make multiple claims over the lifetime of the policy. Whereas a critical illness cover policy will expire once a claim has been made (this includes life insurance cover if a combined policy has been taken out).

Critical illness will not cover you for any injuries sustained, although some policies will cover complete disability, compared to an income protection policy which will cover you for injuries that prevent you from working.

Another key difference is that critical illness cover can be added to a life insurance policy for an additional cost. This is known as a combined policy, though standalone policies for critical illness are also possible to take out.

Income protection can’t be added to a life insurance policy but both policies can be taken out simultaneously, if it’s within your budget.

How much are they?

Critical illness cover has the potential to be more expensive than income protection if it’s added to a life insurance policy.

Income protection premiums can be dependent on how long your payment period is. A short-term payment period of 1-2 years will have significantly lower premiums than a long-term policy which has the potential to pay out until you retire.

However, the cost of each policy differs between each individual’s personal situation and how much they want to cover.

For example, a short-term income protection policy is going to be cheaper than a critical illness plan with life insurance and could be secured from as little as 20p-a-day. Your age, occupation, smoking status and pre-existing conditions can also all factor into how much you will pay.

The price of cover also varies between providers. No matter what type of cover you take out, it’s imperative to compare multiple quotes to find the best available deal within your price range. The easiest way to do this is by talking to an insurance broker, such as Reassured Advice, who can compare no-obligation quotes for free.

But which policy is better?

One policy isn’t better than the other, at least on a universal scale. The policy which is best comes down to which policy is more suitable to your unique requirements.

If you’re self-employed and worried about an illness or injury preventing you from being able to work, then income protection may be a more suitable option as multiple claims can be made throughout the policy lifetime and it can be possible to be covered up until you reach retirement.

Income protection can also be a great option for anyone with a family who’s concerned about their wellbeing should anything happen, as payments can mimic your income to help you keep up with family budgeting.

However, if you’re worried about a debilitating illness preventing you from working, or the care costs that would ensue, then critical illness cover may be more beneficial. This could be a great policy for anyone self-employed, who is worried about their road to recovery.

Regardless of your situation, it’s important to have a back-up plan. Talking to Reassured can help you discover different insurance policies, whether it’s income protection for self-employed , self-employed critical illness plans or a combination of policies.

Having the right cover in place, should something bad happen, can give you the peace of mind to alleviate those fears, leaving you able to continue working and focusing on what’s most important to you.

Bournemouth School Confirms London Exodus Trend

With migration patterns showing that people are continuing to leave London in favour of a new life in the English regions, Park School in Bournemouth has seen this trend reflected in the number of enquiries received from families seeking a better work-life balance.

Over the past two years, the outstanding independent school situated just a mile from the coast, has reported a noticeable increase in admissions enquiries that have been triggered by the global pandemic.

The Covid-19 crisis marked the point at which a mass exodus from the City began as demand across the housing market outside of London rocketed. Prices have increased across the country by 18% compared to just 6% in London since the first lockdown in March 2020. Last year, those relocating from London bought 92,000 dwellings elsewhere, up 59% on the previous year.

Park School’s statistics reflect this situation, showing that one in every five enquiries are now coming from prospective parents who state they are considering their options at present. Many cite hybrid working practices as a reason for assessing how a full or partial relocation to the coastal resort town might work in practice.

Many of the admissions enquiries have been from families currently living and working in London, particularly in the more affluent areas on the western side of the capital. These include families from Teddington, Mill Hill,  Hillingdon and Richmond Upon Thames. In the early phase of the pandemic, a smaller proportion were also coming from those based in the West Midlands and from Surrey.

Seven children and their families have now made the move to Park School permanently, having upped sticks and moved away from the big smoke to fulfil their dreams of living life in more tranquil surroundings and away from the hustle and bustle of urban centres.

Melanie Dowler, Head teacher at Park School, explained: “The London exodus has seen many hard-working families opt for cheaper locations outside of the capital where they can get better value for money, with bigger houses and more space.

“With an ever-increasing focus on mental health too, there is also now a far greater emphasis being placed on living and working in an area that stimulates a greater sense of wellbeing.

“Bournemouth is a modern and forward-thinking place that’s brimming with opportunity. People thrive here because there is so much on offer, and the coastal location delivers a sense of calm perspective in the midst of hectic, everyday routines.

“The area provides the perfect blend of culture and heritage which complements the broader innovation and business enterprise within our local economy, and that’s something we know people value immensely when looking for the right location in which to raise a family.

“For Park School, being a part of this vibrant community is very much reflected in our diverse curriculum, which aims to nurture those all-important life skills in our children as well as their talents and academic excellence.

“We firmly believe that our location offers a fantastic quality of life, and that our own educational offering is a firm favourite for potential parents who are looking to swap their metropolitan environments with more natural surroundings and different pace of life.”

Research continues to endorse these conclusions, with 416,000 and 300,000 people having reported their wish to leave the capital during 2020 and 2021 respectively, mainly due to greater home-working flexibilities. This could lead to a decline in London’s population for the first time this century.

And although urban living has much to offer in terms of delivering a ‘buzz’ and an excitement that is intertwined with stunning skylines, a rich social scene, and a greater sense of connectivity, there is a fine line to balance in ensuring it does not become oppressive or stressful.

People residing in London are far more likely to experience poor mental health than someone living outside the capital, yet just five minutes of exercise in outdoor green or blue spaces has been proven to boost mental wellbeing. Outdoor learning is something that Park School prides itself on, and that is proving ever-more popular with its current and prospective parents.

Mrs Dowler added: “No school in London can boast of offering their pupils a beach school, which is something Park School is immensely proud to have recently launched. We are one of only two educational facilities in Dorset currently offering this unique and hands-on shoreline learning experience to our pupils.

“They are able to take part in a whole range of activities, including beach safety, nature scavenger hunts, raft-making, reading the tides and much, much more. Bournemouth’s beaches really do offer our children a place that will enrich their overall growth and development, improving their knowledge, practical skills and connecting them with nature.

“We are passionate about enabling our youngsters to appreciate the many different aspects of the coastline which they previously may not have thought about or experienced, and we are absolutely delighted that our location, as well as our overall values and ethos is attracting more pupils from further afield to come and be a part of our wonderful school community.”

Park School is open to children aged from 3 months all the way up to 11 years and has a strong reputation as a small, friendly, and family-orientated school with 300 pupils. The students, parents and staff all work together as a collective to ensure everyone thrives and can be the best they can be. To find out more or to arrange a visit, go to www.parkschool.co.uk .

MORE THAN A QUARTER OF YOUNG UK CITY DWELLERS HAS NEVER SEEN A HORSE IN REAL LIFE

Research commissioned by Great British Racing to support the launch of National Racehorse Week has revealed a disconnect with animals and the countryside among the UK’s city dwellers, including the startling finding that 27% of 12-40 year olds has never seen, or can’t remember seeing, a horse in real life. 18-24 year olds are the least likely age group to have seen a horse ‘in person’, with 44% having never had an equine encounter.

Coming into close contact with a horse is also something that many of those surveyed have never experienced. 36% could not recall ever being physically close to a horse (within two metres) and over a third (34%) have never touched one. Almost one in three (30%) of 12-17 year olds surveyed have gone through life without ever coming into physical contact with a horse.

This may be explained by the fact that people in cities aren’t venturing into the countryside frequently. Almost half (46%) of people surveyed had not visited the countryside in the last year, while almost one in ten (9%) have either never visited, or can’t remember ever visiting, despite 59% saying they would like to visit more often.

There is clearly an appetite among people to remedy the situation: 48% of those surveyed said they would like to have contact with animals more regularly (rising to 55% of 12-17 year olds) and 41% of those who haven’t seen, or can’t remember seeing, horses in person would like the opportunity to change this.

If people living in cities can spend more time with our four-legged friends, it is likely to have a positive impact on their wellbeing, with 84% saying they feel happy when they do get a chance to be close to animals.

The research was commissioned by Great British Racing to support the launch of National Racehorse Week, a nationwide annual celebration of the racehorse and a chance to see first-hand the love, care and attention that goes into looking after them.

Commenting on the research findings, Gabi Whitfield, Acting Head of Welfare Communications at Great British Racing said:

“Spending time in the countryside and coming into contact with animals is excellent for our well-being and is something we want to encourage everyone to do more of. With over a quarter of people aged 12 to 40 living in cities never having seen, or not remember seeing a horse in person, National Racehorse Week is the perfect opportunity to put that right, and to experience first-hand the outstanding level of care these beautiful animals receive.”

From 10-18 September 2022, in an experience like no other, over 150 events across the country, including training yards, studs and retraining centres, will open their doors to the public to show what life as a racehorse is really like.  Places are free and you can book your tickets to attend at nationalracehorseweek.uk.

TV personality Chris Hughes, who is a racehorse owner and ambassador for National Racehorse Week said:

“The impact of getting up close to a horse cannot be underestimated. And racing has created a unique opportunity through National Racehorse Week to help people meet these incredible animals, experience the life of a thoroughbred and talk to the dedicated teams who care for them 365 days a year. There is nothing quite like this in any other sport. More than 11,000 places will be available to book free of charge at locations up and down the country with everyone welcome to join.”

This year’s event will be bookended by the Open Days taking place at major racing centres including Epsom (Surrey) and Malton (Yorkshire) on 11 September and The Henry Cecil Open Weekend in Newmarket (Suffolk) on 17-18 September, with trainers across the country, together with studs and aftercare centres, opening their doors to the public throughout the week.

Imperial Commander with Richard Bevis leading up the gallops ready to run in The Betfair Chase
pic Dan Abraham – focusonracing.com

To further support the launch of National Racehorse Week, residents at Cliffe Vale Residential Home, as well as pupils at Ilkley Grammar School, both in West Yorkshire, yesterday received a special visit from Sigurd, a racehorse currently in training, together with his trainer Joanne Foster. Residents and pupils were able to interact with the horse and gain valuable insight from Joanne about caring for a racehorse. Joanne said:

“Sigurd is an incredible horse – he competes on the racecourse, but also regularly visits schools and residential homes, which has become second nature to him. I’ve never known a horse so able to relax and genuinely relate to people, from children with special needs, to older people in wheelchairs.

“For me, National Racehorse Week is about how we, as trainers, can help people and give back to the community. These wonderful horses offer us so much more than winning races: they put smiles on people’s faces and can genuinely help people who are feeling sad, lonely, or isolated. It’s also an opportunity for people to come and see how we, in turn, look after our racehorses.”

National Racehorse Week has been funded by the Racing Foundation, with additional support from the Horserace Betting Levy Board.

To find out more and to claim your free tickets, visit nationalracehorseweek.uk

 

Auto Skills in Focus at Electrification EXPO

The MIRA Technology Institute will be showcasing skills and training at the Vehicle Electrification Expo, due to be held on 29 and 30 June 2022 at the NEC in Birmingham. The event will provide an opportunity for the sector to explore the latest powertrains designed to maximise the efficiency, safety and sustainability of all types of electric vehicles.

Lisa Bingley, Director of Operations at the MTI said, “It is critical that we address the importance of educating, upskilling, and recruiting new talent particularly as we anticipate the launch of the UK’s largest Gigafactory in our region which is vital for the continued success of the automotive industry, creating thousands of green jobs, attracting up to £2bn of investment, and supporting the drive for Net Zero.

“The challenge of vehicle electrification could not be more high profile or more urgent. Electrification, alongside the process of industrial digitisation, represents the biggest challenge to the sector for a generation. It is taking place alongside the rapid rollout of technologies based on increased automation, the use of data, AI, and machine learning. COP26 provided added impetus to the goal to achieve Net Zero carbon by 2050 and to meet the government’s deadline of banning the sale of new petrol and diesel vehicles from 2030.

“We have a critical role to play in responding to the climate emergency and the energy challenges that drive new modes of mobility and support a green sustainable future. We are on the cusp of a step change in electric vehicle adoption with the number of EV registrations doubling in the last year and hundreds of new models being supported by a growing network of charging points. We are looking forward to meeting businesses of all sizes across the sector at the Vehicle Electrification Expo so they can find out about the wide range of skills training options available to their workforce.”

The MTI is the result of a unique collaboration led by North Warwickshire and South Leicestershire College, and its partners, HORIBA MIRA, Coventry University, the University of Leicester, and Loughborough University. It provides a specialist facility designed specifically to train the next generation of engineers in the emerging technology areas of electrification and driverless cars.

Since it first opened its doors, the MTI has welcomed over 32,000 students and delegates. This includes over 1,100 studying for accredited qualifications from a Level 1 Institute of the Motor Industry certificate up to Masters’ degrees, and over 700 following apprenticeships at all levels. More than 10,000 automotive professionals have taken part in professional development activities.

Working with education partners in further and higher education, the MTI offers a full spectrum of training opportunities from apprenticeships to bespoke and commercial courses for businesses from across the sector, from SMEs to large organisations.

As a dedicated resource for the automotive industry, the training is highly relevant and can be accessed by the full range and size of businesses within the sector including Tier 1 automotive businesses within the supply chain, and major international corporates.

You can visit the MTI at the Vehicle Electrification Expo on stand 17-619 which is located adjacent to the Networking Lounge.

STEAM Showcase Reveals Exciting Careers For School Pupils

Big brands including Wincanton, Triumph and Winvic are taking part in a showcase run by North Warwickshire and South Leicestershire College (NWSLC) at its Nuneaton Campus on 5 and 6 July 2022.

Pupils aged 14 and 15 across Warwickshire and Leicestershire are set to be introduced to employers who have been challenged to inspire them with roles based on science, technology, engineering, the arts and maths.

The STEAM event is being supported by the Coventry & Warwickshire and the Leicester and Leicestershire Local Enterprise Partnerships, Nuneaton and Bedworth Borough Council, Hinckley and Bosworth Borough Council, Warwickshire Skills Hub, Warwickshire County Council, North Warwickshire Borough Council and the MIRA Technology Institute.

Marion Plant, OBE FCGI, Principal and Chief Executive of NWSLC said, “We’re delighted that so many partners and employers have come together to support our careers showcase which is designed to inspire the workforce of the future. STEAM subjects fuel some fantastic careers, and it is our job to ensure that pupils, and our own students, appreciate the opportunities they have to work in some high-profile areas from addressing climate change to automation, and from AI to robotics and coding. Thanks to this initiative, we are able to welcome pupils from many different schools so they can benefit from the insight of businesses and brands that will rely on them for the future of their workforce development.”

The event will equip young people with information and skills to pursue a future within a STEAM career. Pupils will interact with employers to find out about specific sectors within STEAM and find out about new emerging technologies and innovations. The event will be fully inclusive to enable pupils with special educational needs and disabilities to take part in the challenges and demonstrations.

Schools that have not yet registered to bring a group of pupils can get in touch via the NWSLC website to request places on a first come, first served basis.

Four new appointments at 360 Accountants as part of firm’s ongoing growth strategy.

An award-winning firm of chartered accountants is delighted to announce four new appointments as part of its continued expansion.

360 Chartered Accountants, based in Hull and York, has promoted Hannah Lawton and Olivia Sutton to Assistant Manager positions while Leah Sanderson and Rebecca Cole are being promoted to Senior Accounts Executives.

Client Services Director, Sophie Holmes, who leads 360’s team of accountants, trainees and apprentices, said:

“These promotions are testament to everyone’s hard work and dedication.  At 360, we strongly believe in mentoring and supporting our team and developing their careers.  As we continue to expand, it’s important to ensure we are building a strong team – and we are confident we are doing just that.”

Olivia Sutton joined 360 straight from school as an apprentice four years ago.  She is now a part-qualified accountant, having passed her final AAT (Association of Accounting Technicians) exams last year and is currently studying for her ACCA (Association of Chartered Certified Accountants) qualifications to become fully qualified as a chartered accountant.

Hannah Lawton, also studying for her ACCA qualifications, was appointed in January to work in the 360 accounts team after three successful years at a firm in Driffield.

Having joined 360 as a trainee accountant last year, Leah Sanderson initially spent time with the firm’s Charities and Corporate team before working across all accounts departments to gain experience in all aspects of accountancy.

Meanwhile, Rebecca Cole joined 360 as an apprentice after completing her GCSEs five years ago.  She has almost completed her AAT apprenticeship and will then move forward to her chartered accountant qualifications.

For more information about 360 Chartered Accountants, please visit www.360accountants.co.uk or call 01482 427360.

What are the pros and cons of payday loans?

Payday loans can be a great option for people who are in need of cash and cannot wait until their next paycheck. However, there are also some drawbacks to consider before taking out a payday loan. In this article, we will explore the pros and cons of payday loans so that you can make an informed decision.

What are payday loans?

Payday loans are a type of short-term loan that can be used to cover unexpected expenses or to tide you over until your next payday. They can be an easy and convenient way to access extra cash, but there are also some potential drawbacks to consider.

How do payday loans work?

Payday loans are a type of short-term loan that can help you cover unexpected expenses or gaps in your budget. They typically have a higher interest rate than other types of loans, but they can be a quick and easy way to get the cash you need.

Before you take out a payday loan, it’s important to understand how they work and what the pros and cons are. This will help you make the best decision for your financial situation.

How do payday loans work?

Payday loans are typically for small amounts of money, typically £500 or less. You’ll need to repay the loan plus interest and fees on your next payday.

The interest rate on payday loans is usually much higher than other types of loans. For example, a typical credit card has an interest rate around 15%. But payday loan’s APR rate can be as high as 400%.

What are the pros and cons of payday loans?

There are both good and bad things to consider before taking out a loan. Here they are as follows:

Pros of payday loans

If you’re in a bind and need cash fast, a payday loan can be a lifesaver. Payday loans are quick and easy to obtain, and they can help you get out of a tight spot when you need some extra cash. Here are some of the pros of taking out a payday loan:

  1. You can get the money you need quickly.
  2. Payday loans are relatively easy to qualify for.
  3. They can help you avoid late fees and other penalties by giving you the cash you need to meet your financial obligations.
  4. Payday loans can help you avoid bounced checks or overdraft fees.
  5. They can give you peace of mind in knowing that you have the resources to meet your financial obligations.

Cons of payday loans

There are a few potential cons of taking out a payday loan that borrowers should be aware of before they make the decision to sign on the dotted line.

  1. First, because payday loans are typically only meant to be taken out for a short period of time, they often come with very high interest rates. This can make it difficult to pay back the loan in a timely manner, and can end up costing the borrower more in the long run.
  2. Secondly, if a borrower is unable to repay the loan, they may be subject to fees from their lender, and their account could be sent to collections. This could damage their credit score and make it more difficult to take out loans in the future.
  3. Finally, some counties have laws that regulate or prohibit payday loans, so borrowers should check with their local authorities before taking out a loan.

Are there any alternatives to payday loans?

There are plenty of alternatives to payday loans, depending on your needs. You could get a personal loan from a bank or credit union, or use a short-term loan service. There are also plenty of credit cards that offer cash advances with low-interest rates. Whatever you do, just make sure you do your research so you can avoid getting into debt.

Final words

While payday loans can offer a quick and convenient solution to financial emergencies, they also come with a number of risks. It is important to weigh the pros and cons of payday loans before taking one out, as they can have serious consequences if not used responsibly. If you do decide to take out a payday loan, be sure to shop around for the best rates and terms, and only borrow what you can afford to repay.

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