Pay freezes, Blackberry woes, and business rate hikes - here's your need-to-know business news roundup.
Families’ earnings will not return to their pre-recession levels until 2020 according to a new report.
But the Resolution Foundation also found that the wealthy will see their income rise by 10 per cent over the same period. [Guardian]
The CEOs of Blackberry manufacturer Research in Motion have stepped down following a disastrous year for the company.
Mike Lazaridis and Jim Balsillie presided over one of the worst 12 months in the company’s history, with widespread service outages forcing many customers away. [BBC]
Retailers will be forced to leave the High Street after April’s business rate hike according to the British Retail Consortium.
Rates are slated to rise by 5.6 per cent in April, in line with inflation. [ThisIsMoney]
