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....9% bigger under the Lib Dem plans and 1% bigger under Labour’s plans than under the Conservative plans. Higher growth under Labour and the Lib Dems would be the result of abolishing the 1% cap on public sector pay, an increase in public sector employment and plans to boost spending on public infrastructure by 50%. ... [Read full article on Guardian ]
Sunday 28th of May 2017 12:14:58 PM
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Latest Finance News related to Employment

Far from ‘strong and stable’, May’s economic plan is weak and unstable image
....9% bigger under the Lib Dem plans and 1% bigger under Labour’s plans than under the Conservative plans. Higher growth under Labour and the Lib Dems would be the result of abolishing the 1% cap on public sector pay, an increase in public sector employment and plans to boost spending on public infrastructure by 50%. ...
Ford faces lots of bumps in the road to a world of driverless cars image
Source : Guardian [Read Article] Sunday 28th of May 2017 06:00:02 AM
....Will autonomy bring more freedom? Possibly, but it runs counter to the prevailing mood, where politicians appeal to the public with promises of taking back control. And it would be difficult to dismiss as simple luddites those drivers who just see another form of employment poised to disappear. ...
Tax on test: do Britons pay more than most? image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:00:20 AM
....Most taxpayers typically pay around 25% of their salary in social security, compared with 12% in the UK. But for this they receive arguably the world’s best health service, unemployment benefit typically at 65% of your former pay (up to a ceiling of about €6,000 a month, compared with £72. ...
'Working from home is having an adverse effect on your health' – our work expert responds image
....I believe you can make this difficult decision only after absolutely open discussion with your younger son. As I’m sure you know, there is nothing to show that an apprenticeship is less likely to lead to rewarding employment than a relevant degree. ...
Uber's London licence renewed for only four months image
Source : Guardian [Read Article] Friday 26th of May 2017 05:21:36 PM
.... The LTDA has argued that Uber is not a fit and proper operator and is jeopardising public safety, while the GMB has demanded TfL impose conditions to secure the health and safety of drivers, passengers and other road users. Two drivers won a GMB-backed case against Uber in an employment tribunal last year, which ruled that its drivers were not self-employed contractors but workers with holiday and pay entitlements. ...
Paradise in the Med image
Source : BBC [Read Article] Thursday 25th of May 2017 09:54:43 PM
.... It's the problem of other EU states that don't. Why should I increase my tax rates to please Germany or France? A lot of countries should look at the way their tax system has killed off business and led to unemployment. ...
Deliveroo accused of 'painting a false picture' at work tribunal image
Source : Guardian [Read Article] Thursday 25th of May 2017 04:23:13 PM
. Deliveroo has been accused of running a campaign of misinformation and implementing last-minute changes to contracts in an effort to prevent riders from gaining better employment rights. ...
'Workers are being punished by Brexit' – experts debate the data image
Source : Guardian [Read Article] Thursday 25th of May 2017 11:14:25 AM
.... I fully expect that inflation will continue its inexorable rise during 2017. Even though unemployment was better than forecast, official data confirmed pay growth failed to keep pace with inflation in the opening three months of 2017 and so wages were falling in real terms. ...
Brexit economy: workers face squeeze but firms remain upbeat image
Source : Guardian [Read Article] Thursday 25th of May 2017 11:12:55 AM
.... Living standards are again falling, but while the economy has slowed markedly, as the latest GDP update showed, it continues to defy the gloomy forecasts of a Brexit recession made by some commentators this time last year. In the latest figures, unemployment is at the lowest level since 1975 and retail sales rebounded as shoppers apparently shrugged off any worries about rising prices to keep spending in April, although many retailers and economists take issue with the accuracy of the official data. ...
Proud papa image
Source : BBC [Read Article] Wednesday 24th of May 2017 11:55:48 PM
...." . Payments to parents will come out of each state's Unemployment Insurance programme. ...
Jaguar Land Rover posts record sales thanks to demand in China and US image
....Jaguar Land Rover has been held up by ministers as a poster child for British manufacturing, and is one of the UK’s largest exporters, with about 80% of revenue generated from cars sold abroad. Over the past six years, the carmaker owned by India’s Tata has doubled sales and employment, more than tripled turnover, and invested more than £15bn. ...
The economy is stagnant because people fear for the future | Robert Shiller image
.... It first appeared in Harvard University economist Alvin Hansen’s presidential address to the American Economic Association, in December 1938, and in his book published the same year. Hansen described the “essence of secular stagnation” as “sick recoveries which die in their infancy and depressions which feed on themselves and leave a hard and seemingly immovable core of unemployment”. ...
Firms pledge to recruit more over-50s image
Source : BBC [Read Article] Tuesday 23rd of May 2017 11:27:18 AM
. Aviva, Barclays, Atos and five other firms have agreed to promote over-50s employment by publishing data about the age of their workforce. ...
How can Macron unite Europe? He could start with its armies | Hans-Werner Sinn image
.... But now a reality check is in order, because we do not yet know how the president intends to restore the French economy. The country has an unemployment rate of nearly 10% and its manufacturing sector is 12% below the level before the 2008 global financial crisis. ...
Unions say Tories' zero-hours workers' review doesn't go far enough image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 09:42:36 AM
....Unions have expressed anger at the proposal that workers on zero-hours contracts should be the given the right to request guaranteed hours, saying it does not go far enough. A government-commissioned review into employment practices is expected to make the recommendation next month. ...
No bailout funds for Greece as eurozone finance chiefs fail to agree deal image
....5% of GDP. The European side thinks Greece can hit this target, but the IMF has long argued that any country with high unemployment, (currently 23% in Greece) would struggle to meet such demanding fiscal targets over decades. ...
Doing it my way image
Source : BBC [Read Article] Monday 22nd of May 2017 11:29:21 PM
....com's chief executive Simon Belsham. "Perhaps most importantly, however, these businesses are highlighting the huge change under way in the UK workforce - a transformation that is seeing more women in work and more people turning to self-employment and flexible working. ...
'Ordinary' people image
Source : BBC [Read Article] Monday 22nd of May 2017 11:27:59 PM
....This covers everything from bank workers to plumbers and restaurant staff - the businesses that provide work for customers, but which don't manufacture things. These service sector jobs have grown over time: 20 years ago they made up less than three-quarters of employment. ...
Australians aren't being paid for their productivity. Get set for an industrial relations war | Greg Jericho image
....Similarly, we may be about to see a change to the orthodoxy of industrial relations policy. While there has long been fighting around the fringes, for the most part the IR debate is within very set parameters: flexibility is counted as a necessary good, government is largely absent, and the chief outcome is less about employment and wages and more about productivity. ...
Record 60% of Britons in poverty are in working families – study image
Source : Guardian [Read Article] Monday 22nd of May 2017 04:11:53 PM
....Low pay is a trigger for in-work poverty but the primary determinant is the number of workers in a household, with single-earner families at a very significantly elevated risk of hardship, the study says. Rod Hick, a social policy lecturer who led the research, said: “Tackling in-work poverty requires rethinking our approach – it’s about improving the circumstances of the whole household, not just those of an individual worker, and promoting employment is key. ...
Forget Brexit, the real challenge is creating enough wealth for an ageing population image
.... Work by Steve Fothergill and Christina Beatty at Sheffield Hallam University has shown how the UK’s old manufacturing heartlands have never really recovered from the deindustrialisation of the 1980s and, to make matters worse, have been at the sharp end of the welfare cuts introduced since 2010. The unemployment rate has come down but the jobs that have been created have tended to be in low-wage sectors such as distribution and call centres. ...
The tax that pensioners should pay to fund care image
Source : Guardian [Read Article] Saturday 20th of May 2017 05:59:17 AM
.... The idea is that NI is basically a savings system that pays for our pensions, so once we’re in receipt of a pension we stop paying in. But NI, when first set up, was a system of insurance against illness and unemployment. ...
Sterling's fall buoys UK manufacturers as export orders rise image
Source : Guardian [Read Article] Friday 19th of May 2017 01:17:38 PM
.... The latest official jobs figures show prices rose at a faster pace than pay in the first three months of the year, putting household budgets under increased pressure. But they also show record levels of employment, with unemployment at a 42-year low. ...
Sports Direct recruiter Transline sold to rival Russell Taylor Group image
Source : Guardian [Read Article] Thursday 18th of May 2017 05:16:24 PM
. Transline, the controversial employment agency, has been bought out by rival Russell Taylor Group after falling into administration. ...
British shoppers go on spring spree – but the outlook may be chillier | Larry Elliott image
....This, though, does not square with what happened in the first few months of 2017, when consumers did seem to be tightening their belts after spending freely in the second half of 2016. Despite record levels of employment and ultra-low interest rates, there was a marked slowdown in retail activity. ...
$6.40 an hour for nine years: how I got stuck in a career as a Walmart employee image
....Almost nine years later, I was still working at the same store. I was broke, in debt, and Walmart was one of the few employment options in town. ...
Cineworld bosses to meet union over living wage dispute image
Source : Guardian [Read Article] Thursday 18th of May 2017 08:09:01 AM
....”. Bloom said the board was “proud of our employment practices everywhere” and defended the Picturehouse pay rates, claiming they were the highest in the industry, at £9. ...
Channel 4 executive who poached Bake Off favourite to land top job image
Source : Guardian [Read Article] Thursday 18th of May 2017 06:00:18 AM
.... The day after Hunt arrived, in January 2011, Miriam O’Reilly won her age discrimination case against the BBC after she was dropped from Countryfile when Hunt was still controller of BBC1. Hunt had appeared before an employment tribunal and given an impassioned defence against the allegations and accusations that she “hated women”. ...
The Guardian view on the economy: it’s bad | Editorial image
Source : Guardian [Read Article] Wednesday 17th of May 2017 06:48:00 PM
.... The chancellor today played down the fall in real incomes as an aberration caused by a temporary spike in inflation, but this argument doesn’t really stand up to serious scrutiny. The unemployment rate was last this low in 1975, at which time the annual inflation rate was 10 times as high as its current rate, and wages were growing at 30% a year. ...
Ikea to create 1,300 UK jobs in three new stores image
Source : Guardian [Read Article] Wednesday 17th of May 2017 10:02:07 AM
....These improvements come as retailers and other businesses face the potential loss of workers from the EU. Uncertainty about post-Brexit employment and residency rights, and the slump in the value of the pound, which has devalued wages in euro terms, have combined to make hiring more difficult. ...
Government accused of ignoring workers' plight as UK faces pay squeeze image
Source : Guardian [Read Article] Wednesday 17th of May 2017 09:24:55 AM
....McDonnell has promised a Labour government would introduce a higher minimum wage and end to a cap on public sector pay rises. Analysts said Britain was breaking all the rules of the postwar era as record levels of employment and unemployment at a 42-year low failed to spur consistently strong wage increases. ...
UK wage growth lags inflation for first time since mid-2014 image
Source : BBC [Read Article] Wednesday 17th of May 2017 08:33:02 AM
....54 million in the three months to March, said the Office for National Statistics. The UK unemployment rate has fallen to 4. ...
Greeks walk out in general strike over cuts image
Source : BBC [Read Article] Wednesday 17th of May 2017 08:32:45 AM
....The country has fallen back into recession for the first time since 2012, according to figures that emerged on Tuesday. Unemployment is running at nearly one in every four people with almost a 50% jobless rate among young people. ...
University of Apple  image
Source : BBC [Read Article] Tuesday 16th of May 2017 11:03:56 PM
....But there have been repeated warnings of a mismatch between the digital skills needed for such new jobs and the qualifications of those looking for work. It means that unskilled workers are without employment and employers are left without the skilled workers that they need. ...
Uber faces legal threat from union over London licence image
Source : Guardian [Read Article] Tuesday 16th of May 2017 04:27:11 PM
.... The term of Uber’s current licence is five years and the new one is expected to be of a similar length. The threat of legal action from the GMB comes after Uber drivers and the Licensed Taxi Drivers’ Association, the trade body for London’s black-cab drivers, called for minimum employment rights and better regulation of private hire taxi operators including the US company. ...
Stop spending money on avocados? Good idea, I’ll have a house deposit by 2117 | Rhiannon Lucy Cosslett image
.... Instead of truly examining the social and economic forces that lock young people out of the property market, why not focus on our expenditure? Never mind that, for most young people, it would take over a century of skipping their luxurious monthly brunch in order to get a mortgage for a poky starter home. Never mind that older generations had access to free or heavily discounted education, cheap property prices and stable, unionised employment, or the fact that their breakfast options were severely limited (this, I believe, is why they focus on brunch and not, say, your Netflix subscription. ...
Will Theresa May defend workers' rights? Don't hold your breath | Nils Pratley image
.... If she listened to responsible employers, the prime minister would know that fury over bogus use of “outsourcing” contracts, especially in the delivery industry, extends to boardrooms. Upright firms accept the duties and obligations that come with employing people and don’t see why rivals should be able to undercut them by abusing the definition of self-employment. ...
Australian dollar news: GBP/AUD down from 8-month high as British workers face pay squeeze image
....764. The data released by the Chartered Institute of Personnel and Development (CIPD) and the employment agency Adecco Group follows a survey of over 1000 businesses, with firms predicting that average wages will only grow 1% over the coming twelve months. ...
General election 2017: Workers' rights protections promised by Tories image
....Labour, which has repeatedly warned of the threat to workers' rights posed by Brexit, dismissed the announcement. It argued the Tories had overseen an "era of non-compliance of employment law", an "explosion in low pay and stagnating wages" and a "massive expansion in bogus self-employment". ...
A new company every week: inside the UK's AI revolution image
Source : Guardian [Read Article] Monday 15th of May 2017 06:00:37 AM
.... “We’ve built a bot which acts like a lawyer or a judge,” says Dave Chaplin, the founder and CEO of Contractor Calculator. Contractor Calculator’s virtual lawyer can work through complex tax law as fast as a human can answer the requisite questions around their employment status – in around 15 minutes. ...
Jobs market will suffer a Brexit slowdown, say experts image
Source : Guardian [Read Article] Sunday 14th of May 2017 11:01:29 PM
. British workers should brace themselves for rising unemployment and falling real pay in the year ahead as the impact of a Brexit slowdown is increasingly felt in the jobs market, reports have warned. ...
UK unemployment rate to rise in 2018, says EY Item Club image
Source : BBC [Read Article] Sunday 14th of May 2017 11:00:31 PM
. Unemployment is set to increase amid a slower growth in jobs, a new report predicts. ...
Mohamed El-Erian: ‘We get signals that the system is under enormous stress’ image
.... The inequality generated by the current low-growth climate has three elements: inequality of wealth, income and opportunity. The last of the three – manifested in high youth unemployment in many eurozone countries, for example – is the most explosive element. ...
Royal Mail firm launches review after admitting it denied courier benefits image
. A Royal Mail delivery company has been forced to launch a review into whether it is wrongly classifying hundreds of couriers as self-employed contractors, in the latest breakthrough by trade unions campaigning for more secure employment status for members of the fast-growing gig economy. ...
Whistleblower sparks Hyundai and Kia recall of 240,000 cars image
Source : BBC [Read Article] Friday 12th of May 2017 05:37:45 AM
....But Mr Kim's story, though, seems to have a positive ending. Just this month, Hyundai Motor dropped its lawsuit against him, reinstated him to his old job, and reimbursed him for the lost years of employment. ...
Deliveroo overhauls controversial courier contracts image
Source : BBC [Read Article] Thursday 11th of May 2017 06:19:40 PM
....Deliveroo has changed the contract for its couriers after receiving a drubbing from MPs over the so-called "gig economy's" treatment of workers. The takeaway delivery business has removed a clause that banned couriers from challenging their self-employed status before an employment tribunal. ...
Deliveroo bows to pressure to change contracts for UK couriers image
Source : Guardian [Read Article] Thursday 11th of May 2017 06:16:37 PM
....Deliveroo, the takeaway delivery company that relies on 15,000 self-employed couriers, has made changes to its contracts for riders following pressure from parliament. The gig economy company has removed a controversial clause in its “supplier agreement” that couriers could not challenge their self-employed status at an employment tribunal. ...
New Uber blow as European legal adviser says service should be licensed like taxis image
....The decision before the Luxembourg court is seen as a landmark case in the so-called sharing or gig economy, and could have knock-on effects on other start-ups such as Airbnb and food delivery companies such as Deliveroo. Georgios Petropoulos, an economist at Bruegel, a thinkank in Brussels, said the final ruling may also influence the employment law battles that Uber is fighting on whether drivers should be given the same rights as workers. ...
Number of zero-hours contracts stalls at 'staggering' 1.7m image
Source : Guardian [Read Article] Thursday 11th of May 2017 12:31:31 PM
....There were 1. 7m zero-hours contracts in the UK in November 2016, representing 6% of all employment contracts – unchanged from a year earlier. ...
National minimum wage increases could cost jobs, IFS warns image
Source : BBC [Read Article] Wednesday 10th of May 2017 11:30:22 PM
....Both parties plan to raise the NMW significantly if they are elected. The IFS said at some point higher wages would hit employment, penalising workers who are supposed to benefit from higher pay. ...
Dramatic minimum wage rises will put low-paid jobs at risk, says IFS image
Source : Guardian [Read Article] Wednesday 10th of May 2017 05:47:26 PM
....Middle income earners would also be the biggest winners as many of the lowest income households have no one in work at all and low-income households that do gain “are likely to see significant reductions in means-tested benefits as a result of higher earnings”. Jonathan Cribb, an economist at IFS and an author of the report, said: “At some point, higher minimum wages will reduce the employment of lower skilled workers. ...
You're fired! image
Source : BBC [Read Article] Wednesday 10th of May 2017 01:38:41 PM
....Deconstructing Comey's testimony on Clinton emails. "That must have been very humiliating for him," says Rachel Suff, employment adviser at the Chartered Institute of Personnel and Development (CIPD). ...
Brexit's hard Irish border questions image
Source : BBC [Read Article] Wednesday 10th of May 2017 08:22:16 AM
...."It's two countries, but really the economy of the island of Ireland is, in most respects, one economy," said Ellvena Graham, vice-president of the Northern Irish Chambers of Commerce. Companies have set up close to the border to make use of the good transport links to Dublin, and unemployment rates in the border counties have fallen from about 25% at the height of the Troubles to about 3% - lower than the national average. ...
UK will face pay squeeze this year as inflation spikes, warns thinktank image
Source : Guardian [Read Article] Wednesday 10th of May 2017 04:57:33 AM
.... It said the triggering of article 50 had only a short term impact on financial markets, leaving the economy to move ahead, albeit at a slower pace than before the vote. Kirby said the labour market remained “robust” with an unemployment rate of 4. ...
Uber should lose its licence if it doesn't improve workers' rights, say drivers image
....A group of minicab drivers, many employed by Uber, have joined black-cab drivers and unions in calling for improved workers’ rights to be a condition of Uber being able to renew its London licence later this month. United Private Hire Drivers, which says it has 1,200 members and organised a go-slow protest blocking roads in the capital in November last year, is calling on Transport for London to insist Uber and other minicab drivers are guaranteed basic employment rights, including the minimum wage and holiday pay, under the terms of its new five-year licence. ...
Federal budget 2017: the 10 graphs you need to see | Greg Jericho image
Source : Guardian [Read Article] Tuesday 9th of May 2017 10:39:56 AM
....75% in 2020-21:. And yet at the same time employment is expected to grow by a steady 1. ...
UK firms struggle to find employees – even before Brexit bites image
Source : Guardian [Read Article] Tuesday 9th of May 2017 05:01:52 AM
....“Demand for staff is growing within all sectors and all regions of the UK, but there are fewer and fewer people available to fill the vacancies,” Green said. “We have the lowest unemployment rate since 2005 and people already in work are becoming more hesitant about moving jobs amid Brexit uncertainty. ...
Drive carefully – I can see a credit car crash up ahead | Phillip Inman image
.... Those who took out loans did so as a means to buy the car outright. Of course the FCA inquiry is not concerned with a shift in the patterns of employment and finance that makes for a more precarious workforce. ...
Zero hours workers are 'missing out on paid holidays' image
Source : BBC [Read Article] Monday 8th of May 2017 12:35:20 PM
....". Citizens Advice wants a single body set up to oversee enforcement of all employment rights and a £50 cap on employment tribunal fees. ...
Falling real pay shows the British economy is still struggling | Larry Elliott image
....This happens sometimes. The Conservatives completely mismanaged the economy between the late 1980s and the early 1990s, but won the 1992 election even though the worst housing bust in living memory and joining the exchange rate mechanism at too high a rate for the pound had sent unemployment spiralling above 3 million. ...
What’s it like to lose £350m? A rogue trader confesses image
Source : Guardian [Read Article] Sunday 7th of May 2017 08:00:27 AM
.... But the trajectory was not steep enough and the trader had to go. I remember expressing unease about the assignment, not least because of the Japanese tradition of lifelong employment. ...
US jobs growth accelerates in April image
Source : BBC [Read Article] Friday 5th of May 2017 01:37:34 PM
....US jobs growth staged a bigger recovery than expected in April as businesses added 211,000 posts. Figures from the US Department of Labour also showed the unemployment rate dropped slightly to 4. ...
Unemployment hits 10-year low as jobs report shows rebound for US economy image
. Unemployment in the US fell to a 10-year low in April as 211,000 people joined the workforce and the jobs market bounced back from a winter chill that had led to speculation the recovery in the jobs market had stalled. ...
The Guardian view on the Bank of England: independence and accountability | Editorial image
.... The losers have been savers; the winners have been those who own shares, bonds and real estate, who have seen the value of their assets rise. The Bank’s counter-argument – that aggressive use of monetary stimulus has helped everybody by boosting growth and reducing unemployment – has merit. ...
UK car sales drop by a fifth after tax changes and price rises image
Source : Guardian [Read Article] Thursday 4th of May 2017 10:27:22 AM
....Sue Robinson, director of the National Franchised Dealers Association, said the slump was not a surprise. “April is always one of the weakest months for new retail but with record low interest rates and record high employment levels consumer demand remains high,” she said. ...
Asos dumps controversial temp agency as Sports Direct row continues image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 06:17:22 PM
. Controversial employment agency Transline has lost its contract with Asos as it tries to fend off insolvency. ...
A slap in the face with a wet squid: the weird world of workplace punishments image
.... It could be worse – it’s not a live squid, so it can’t sucker itself on to your mouth and nose, and it’s raw, so at least you know it hasn’t been overcooked. As an employment policy, it sits somewhere between a ritual humiliation and a stupid waste of everyone’s time. ...
Easter eggs help boost supermarket sales image
Source : BBC [Read Article] Wednesday 3rd of May 2017 01:23:30 PM
....Separate figures from Nielsen also show supermarkets enjoyed their best sales this year, even without the effect of a late Easter. Mike Watkins, Nielsen's UK head of retailer and business insight, said: "As long as real incomes don't come under too much pressure and employment remains high, shoppers will begin to adapt to moderately rising grocery prices, albeit this could be by modifying how much they spend in other retail channels. ...
HMRC steps up inquiry into employment status of Hermes couriers image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 12:06:14 PM
. HM Revenue & Customs has stepped up its investigation into the delivery company Hermes classifiying its couriers as self-employed, while the business has also been hit with an employment rights lawsuit from the GMB trade union. ...
Sainsbury’s warns over pay squeeze as profits slide image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 10:02:09 AM
....“General merchandise and clothing sales growth have been impacted by reduced consumer confidence and a marked slowdown in real pay growth. Economic commentators are divided on the implications for the UK economy, but there are fears that this slowdown in real income might drive a reduction in GDP growth, an increase in unemployment and a reduction in the rate of unsecured credit growth,” the company said in a statement. ...
Half of us aren't happy to discuss mental health at work image
Source : BBC [Read Article] Tuesday 2nd of May 2017 11:02:25 PM
.... Around half of us would not be happy to speak up at work if we had a mental health problem, according to a survey conducted by Comres for BBC Radio 5 live. The survey asked 1,104 British adults in full-time employment about their attitudes to mental health. ...
Women make up same proportion of UK high earners as six years ago image
Source : Guardian [Read Article] Monday 1st of May 2017 11:01:11 PM
....The percentage of female high earners – those in the UK declaring an income between £43,001 and £150,000 – has remained the same while the total number of higher-rate taxpayers has risen by almost 1 million. Heidi Watson, an employment partner at Clyde & Co, said: “The stubborn refusal of the percentage of female high earners to shift upwards will disappoint those who hoped a recent focus on the gender gap would make a significant difference to the number of women in senior positions. ...

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