Employing the Labor Theory of Value, Marx claimed that entrepreneurial profits arise from exploitation of workers. In reality, entrepreneurs earn profits when they correctly gauge markets. Exploitation has nothing to do with it. ...
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Donald Trump’s win last night is arguably an even bigger repudiation of the establishment than his win in 2016. And that’s worth celebrating. But there is much the electorate still needs to understand about how those in power are ripping ...
Pub chain JD Wetherspoon has warned that pint prices may increase as the company faces a £60 million surge in costs following Chancellor Rachel Reeves’s Budget. Founder Sir Tim Martin highlighted that rising costs from National Insurance (NI) and national ...
The pound fell sharply against the dollar, dropping 1.4% to $1.285—its lowest in two months—as traders adjusted to the news of Donald Trump’s projected return to the White House. Known for his “America First” policies, Trump’s victory sent the dollar ...
The UK Treasury may have breached the law by withholding £9.5 billion in spending pressures ahead of Jeremy Hunt’s final Budget in March, according to Richard Hughes, head of the Office for Budget Responsibility (OBR). Hughes suggested that vital financial ...
Asda is mandating that head office employees work on-site at least three days a week, while also announcing job cuts to streamline operations and stabilise its market position. The changes, communicated in an internal email by interim CEO Lord Rose, ...
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Donald Trump is set to return to the White House as America’s 47th president after securing a projected 266 electoral votes, narrowly edging out his Democratic opponent, Kamala Harris. Trump celebrated what he called a “magnificent victory,” calling it the ...
Farming leaders and suppliers are warning that Chancellor Rachel Reeves’s inheritance tax on farming assets exceeding £1 million could undermine Britain’s food security, making the UK more dependent on foreign imports. Senior business figures, including Nigel Murray, managing director of ...