The Artesian Blog takes a look at the business headlines:
Professions 'reserved for rich' - Top professions such as medicine and law are increasingly being closed off to all but the most affluent families, a report into social mobility will say.
Former minister Alan Milburn is to report to the prime minister on how to widen access to high-status jobs. (full story)
UK acts ‘punch above their weight’ on world stage - The recorded music industry may be in decline — a victim of piracy and file-sharing — but Britain’s music industry as a whole grew by nearly 5 per cent last year, according to independent research published yesterday.
PRS for Music, the body that collects royalty payments and distributes them to artists and composers, said that the overall size of the UK music industry had risen by 4.7 per cent to £3.6 billion during 2008. (full story)
Vauxhall's future unclear as Russian market emerges as stumbling block
- In May, in the shadow of Berlin's Brandenburg Gate, it took a week of tumultuous negotiations, described as a "Brazilian soap opera" by one of the losing parties, to identify Magna International as the preferred bidder for Vauxhall and German-based Opel.
However, on Monday, almost two months on, the suitors were asked to resubmit their proposals. (full story)
Banks should publish details of staff earning over £200,000, says Vince Cable - British banks should disclose the names and salaries of all staff earning more than £200,000 to improve transparency in the financial system, the Liberal Democrats have proposed.
The recommendation, which would also require the individuals to reveal whether they are domiciled in the UK for tax purposes, was one of a series of regulatory reforms outlined by Vince Cable, Liberal Democrat Treasury spokesman, yesterday. (full story)
Yahoo set to unveil new homepage - Yahoo Inc said it plans to introduce a major overhaul of its Internet home page on Tuesday, as the company strives to make itself more relevant to Web surfers and create new ways to sell advertising.
The new homepage blends Yahoo's collection of online content and products with popular social networking services like Facebook and Twitter, representing what a Yahoo official called the most "radical" make-over of the site since its inception more than a decade ago. (full story)
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