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....”. The TUC has signed a framework agreement to guarantee high employment standards and to “maximise the potential benefits of HS2 to the UK supply chain”. ... [Read full article on Guardian ]
Monday 17th of July 2017 08:08:45 AM
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....”. Another big issue for firms doing the tour of Europe is employment law in Germany and bonus caps and pay restrictions in the Netherlands, according to Owens. ... [Read full article on Guardian ]
Saturday 15th of July 2017 03:00:09 PM
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.... We will now enter into consultation talks with the company over the coming weeks to look at the business case for their proposed restructuring. “Our priorities are to keep as many staff as possible in employment and to get the best possible deal for our members. ... [Read full article on Guardian ]
Wednesday 28th of June 2017 11:05:11 AM
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.... He noted that since the 1970s, lower-skilled European and American workers had endured a major fall in the real value of their wages, which dropped by more than 20%. Workers were suffering more spells of unemployment, more volatility in the hours they were expected to work. ... [Read full article on Guardian ]
Friday 14th of July 2017 04:28:14 AM
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....”. The tax schemes were supposed to work by transferring contracts of low-paid workers from a single large employment agency into a web of thousands of tiny companies. ... [Read full article on Guardian ]
Monday 10th of July 2017 03:26:07 PM
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....Millstone said that while the proposed great repeal bill would initially transplant EU protections into UK law, with a government committed to reducing the number of regulations, it would also allow ministers to change these without parliamentary debate or consent. “This will hamper not just food safety but environmental protection [and] employment protections,” he said. ... [Read full article on Guardian ]
Sunday 16th of July 2017 11:01:34 PM
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. Record levels of employment will fail to prevent the economy’s growth rate slowing this year and next during a period when consumer spending will be squeezed by rising inflation and falling living standards, the consultancy firm PwC has predicted. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 05:01:11 AM
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....". The idea has been submitted by the Resolution Foundation to the Taylor Review on modern employment practices. ... [Read full article on BBC ]
Monday 3rd of July 2017 11:03:06 PM
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....The case concerned the use by the Glasgow-based football club of employee benefit trusts (EBTs) to funnel £50m of payments to employees from 2001. Payments made via EBTs were agreed in “side letters”, which were separate agreements to employment contracts and were hidden from the taxman and the football authorities. ... [Read full article on Guardian ]
Wednesday 5th of July 2017 05:02:13 PM
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....Businesses need to benchmark themselves against other firms to see whether they are performing above average, he said. Pay growth has been falling rather than rising over the past year, which has taken the Bank and the rest of the world "somewhat by surprise" given buoyant UK jobs growth and falling unemployment. ... [Read full article on BBC ]
Thursday 29th of June 2017 09:10:00 PM
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.... Only 21% of workers outside the UK shared that view. “The UK’s cultural diversity, employment opportunities and quality of life are assets that continue to attract the world’s best and brightest people,” said David Sproul, chief executive of Deloitte north-west Europe. ... [Read full article on Guardian ]
Monday 26th of June 2017 11:01:14 PM
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....Miles Shipside, Rightmove director and housing market analyst, said: “A year on from the shock referendum result and subsequent dent in activity levels, the fundamentals remain strong. “Low unemployment, low interest rates, strong demand and historic undersupply of homes are mitigating any wobbles in confidence and as a result nearly half the properties on the market, over 45%, have sold signs slapped across them. ... [Read full article on Guardian ]
Sunday 16th of July 2017 11:01:34 PM
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.... The findings will add to concerns that employers are already struggling to fill key jobs even before a potential clampdown on immigration once Britain leaves the EU. Open University researchers noted that unemployment was low, those in work were reluctant to move jobs because of continued Brexit uncertainty and that a lack of clarity about future immigration rules was deterring some EU nationals from taking up roles in Britain. ... [Read full article on Guardian ]
Monday 3rd of July 2017 06:01:04 AM
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.... It used to employ about 350 people; now the 26 men and women operate out of one small corner of the lot. They earn the same amount as they would receive in unemployment benefit. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 06:00:12 AM
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....The arrangements were designed to save tax by setting up thousands of tiny firms to exploit VAT and national insurance rules that were originally intended to help very small businesses. To do that, promoters transferred contracts of low-paid workers from a single large employment agency into a web of tiny companies. ... [Read full article on Guardian ]
Thursday 20th of July 2017 02:17:53 PM
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....But while the rich have been thriving, the thinktank said the other 99% of UK households had found it more difficult to make ends meet. It added that the year running up to last month’s general election had seen weaker wage growth, higher inflation and frozen welfare benefits and that these offset any gains from rising employment. ... [Read full article on Guardian ]
Friday 14th of July 2017 11:01:36 PM
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.... The main reason for the fall in inflation was the drop in the oil price, but it is still reasonable to expect inflation to rise above 3% later this year as the weakness of sterling continues to feed through to the prices paid by consumers. The employment figures paint a more positive picture, with the jobless rate dropping to 4. ... [Read full article on Guardian ]
Monday 24th of July 2017 05:00:27 AM
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....Field’s report comes nine months after Theresa May promised in her maiden party conference speech as prime minister to “make sure that, in our modern and flexible economy, people are properly protected at work”. Its findings are likely to intensify scrutiny of a government-backed review by former Tony Blair adviser Matthew Taylor into modern employment practices, which is expected to be published early next week. ... [Read full article on Guardian ]
Thursday 6th of July 2017 09:00:07 PM
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....“I think households should prepare for interest rates to go higher at some point. But if rates do go up, it will be in the context of the economy doing OK and unemployment being low and probably falling,” he said. ... [Read full article on Guardian ]
Tuesday 4th of July 2017 04:27:07 PM
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....The move by Field comes after the latest exposé on this type of scheme, designed to save tax by setting up thousands of tiny firms to exploit VAT and national insurance rules that were originally designed to help very small businesses. The arrangements were supposed to work by transferring contracts of low-paid workers from a single large employment agency into a web of tiny companies. ... [Read full article on Guardian ]
Tuesday 11th of July 2017 05:29:44 PM
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.... His promise to restore coal-mining jobs (which now number 51,000, less than 0. 04% of the country’s non-farm employment) overlooks the harsh conditions and health risks endemic in that industry, not to mention the technological advances that would continue to reduce employment in the industry even if coal production were revived. ... [Read full article on Guardian ]
Monday 3rd of July 2017 08:37:57 AM
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....BA created the mixed fleet of cabin staff in the wake of a bitter dispute over pay and conditions for all cabin staff that ran from 2009 to 2011. They fly only out of Heathrow, and on both short-haul and long-haul routes, but not in the same planes as colleagues on the legacy conditions of employment. ... [Read full article on BBC ]
Wednesday 5th of July 2017 05:27:57 PM
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. British businesses face their biggest challenge in recruiting skilled labour in a decade, as high employment combines with a fall in the value of the pound and uncertainty about the future for EU nationals in the UK. ... [Read full article on Guardian ]
Sunday 25th of June 2017 11:01:43 PM
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....The study, conducted by the UCL Institute of Education, found 25-year-olds employed on contracts that do not guarantee a minimum number of work hours were 41% less likely to report having good physical health compared with those with secure contracts. Young people on zero-hours contracts were also one-and-a-half times more likely to report having a mental health problem compared with someone on a more secure employment contract. ... [Read full article on Guardian ]
Tuesday 4th of July 2017 11:01:12 PM
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....”. But after crunching the numbers, Lewis estimates that “overpaying is just throwing money away” unless the graduate is likely to be in very high-paid employment all their lives. ... [Read full article on Guardian ]
Monday 17th of July 2017 02:40:16 PM
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....4%. This in an economy where, as the president has been keen to highlight, stock markets are at record highs, there is close to full employment, the oil price remains low and inflation is under control. ... [Read full article on Guardian ]
Sunday 9th of July 2017 07:00:18 AM
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.... Cue basic income, aka let’s make this the state’s problem. This is the turbo-charged version of gig-economy platforms shifting employment risk from companies to individuals and state welfare systems, all in the name of profit. ... [Read full article on Guardian ]
Monday 10th of July 2017 09:00:01 AM
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....In London and the south-east, 70-80% of hospitality workers come from overseas. Nicholls said that with nearly full employment, this was “not a skills shortage, it’s a labour shortage” and government needed to give confidence about future access to workers. ... [Read full article on Guardian ]
Tuesday 11th of July 2017 04:52:05 PM
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.... Where’s the evidence that people without children are less productive, on average? And those who are motivated by a desire to help their family will presumably still want to do so while they’re alive. Honestly, if people did decide to retire earlier and enjoy their later years, instead of slaving away for as long as possible, would that be such a bad thing? And given that youth unemployment is such an issue, it may well be socially beneficial to free up those jobs. ... [Read full article on Guardian ]
Monday 24th of July 2017 06:59:29 AM
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....The rise comes despite a weaker backdrop by household finances, which are being squeezed as inflation outpaces wage growth. Gardner said it was unclear whether the rebound in UK house price growth in June was the result of healthy demand driven by rising employment, or because buyers had limited choice with too few properties coming on to the market. ... [Read full article on Guardian ]
Wednesday 28th of June 2017 09:37:05 AM
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Latest Finance News related to Employment

Why not fund the welfare state with a 100% inheritance tax? | Abi Wilkinson image
.... Where’s the evidence that people without children are less productive, on average? And those who are motivated by a desire to help their family will presumably still want to do so while they’re alive. Honestly, if people did decide to retire earlier and enjoy their later years, instead of slaving away for as long as possible, would that be such a bad thing? And given that youth unemployment is such an issue, it may well be socially beneficial to free up those jobs. ...
'Britain is fast becoming the sick man of Europe' – experts debate Brexit data image
.... The main reason for the fall in inflation was the drop in the oil price, but it is still reasonable to expect inflation to rise above 3% later this year as the weakness of sterling continues to feed through to the prices paid by consumers. The employment figures paint a more positive picture, with the jobless rate dropping to 4. ...
Race for political centre is futile, Labor needs to be more progressive | Greg Jericho image
....Thus Shorten’s is the smart play. The latest labour force figures contained the excellent news that full-time employment has been growing strongly throughout 2017. ...
Big, bold … and broken: is the US shopping mall in a fatal decline? image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:00:36 AM
....The death of America’s malls may not affect cities in the same way that their birth did, destroying many of the country’s downtowns. But the shift from brick-and-mortar stores is already reshaping the employment market. ...
Student Loans Company quadrupled my interest rate – just for taking a short trip image
....Jenny Richards’ apparent crime was to go to Australia nine months after she graduated in 2015, to take up a research assistant post at the University of Adelaide. Richards, from Burwell in Cambridgeshire, took on largely voluntary work, combined with paid employment six hours a week, to help cover her costs. ...
Banks and companies plan expansion in Frankfurt after Brexit image
Source : Guardian [Read Article] Friday 21st of July 2017 05:53:07 PM
.... Regional and national politicians met last July, 18 days after the Brexit vote, where they agreed on a campaign to persuade banks to relocate, including a marketing office in London. Frankfurt shed jobs after the financial crisis and regional authorities think the influx of bankers from London may only take the city back to 2007 banking employment levels. ...
The government has got it wrong on pensions | Letters image
Source : Guardian [Read Article] Friday 21st of July 2017 05:14:02 PM
.... So was he being wicked or stupid when he made the pronouncement? Needless to say, most contemporary public pension schemes have been reduced to rubble over the last few years, giving them little or no advantage over private sector schemes. And the chances of pension-accruing long-term employment in the public sector are hugely reduced due to changes in contractual status and patterns of working. ...
Warm weather drives UK shoppers back to the high street image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:21:55 PM
....“The squeeze in real wages looks likely to intensify as inflation continues to rise to around 3%. However, nominal spending should continue to hold up well, supported by strong employment growth, resilient consumer confidence and low borrowing costs. ...
The cost of living crisis is down to Brexit. The chickens are coming home to roost | David Blanchflower image
....The question for the UK’s monetary policymakers is what they should do when inflation is high but the economy is slowing, as occurred in July and August 2008, although on a much worse scale. Inflation may be bad – it erodes the value of people’s savings – but low growth and unemployment are much worse. ...
Recruitment sector tax scheme liquidates hundreds more firms image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:17:53 PM
....The arrangements were designed to save tax by setting up thousands of tiny firms to exploit VAT and national insurance rules that were originally intended to help very small businesses. To do that, promoters transferred contracts of low-paid workers from a single large employment agency into a web of tiny companies. ...
Why my ‘gig economy’ review favours gradual change over quick fixes | Mathew Taylor image
....In the city of Gotha, 142 years ago, the German Social Democratic party inspired by Eduard Bernstein infuriated Karl Marx by deciding that socialism could be achieved through reform rather than revolution. In 2017, a week after the prime minister launched my independent review of modern employment, the reaction shines a light on today’s manifestation of that classic political dilemma. ...
How could we cope if capitalism failed? Ask 26 Greek factory workers | Aditya Chakrabortty image
.... It used to employ about 350 people; now the 26 men and women operate out of one small corner of the lot. They earn the same amount as they would receive in unemployment benefit. ...
UK growth will slow as consumer spending is squeezed, forecasts PwC image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
. Record levels of employment will fail to prevent the economy’s growth rate slowing this year and next during a period when consumer spending will be squeezed by rising inflation and falling living standards, the consultancy firm PwC has predicted. ...
If home ownership continues to shrink, the retirement system is in trouble | Greg Jericho image
.... The problem for the ABS is our currency is improving not really because of our economy, but the US’s. Expectations for more interest rate rises in the US have been dealt a blow because (and stop me if you’ve heard this before) while they have had solid employment growth they have also had very weak wages growth. ...
What Brexit slowdown? UK housing market shrugs off concerns as property prices creep up image
....Miles Shipside, Rightmove director and housing market analyst, said: “A year on from the shock referendum result and subsequent dent in activity levels, the fundamentals remain strong. “Low unemployment, low interest rates, strong demand and historic undersupply of homes are mitigating any wobbles in confidence and as a result nearly half the properties on the market, over 45 per cent, have sold signs slapped across them. ...
HS2 supporters boast of benefits – but costs keep going off the rails | Nils Pratley image
.... Many companies do. The notion of incentive awards being subject to future employment is slowly being eroded: a forfeit at one company just becomes a signing-on award at the next. ...
UK students should not try to pay off loans early, research suggests image
Source : Guardian [Read Article] Monday 17th of July 2017 02:40:16 PM
....”. But after crunching the numbers, Lewis estimates that “overpaying is just throwing money away” unless the graduate is likely to be in very high-paid employment all their lives. ...
HS2 contracts worth £6.6bn awarded by UK government image
Source : Guardian [Read Article] Monday 17th of July 2017 08:08:45 AM
....”. The TUC has signed a framework agreement to guarantee high employment standards and to “maximise the potential benefits of HS2 to the UK supply chain”. ...
The man who won a landmark legal battle for same-sex pension rights image
Source : Guardian [Read Article] Monday 17th of July 2017 06:00:43 AM
....Last Wednesday, the 66-year-old former army officer strode into the Westminster courtroom to discover he had won a resounding victory – removing what may be the last discrimination in British law against same-sex couples. In a unanimous decision, five supreme court justices declared that EU equal employment rights trumped English exceptionalism, and that on Walker’s death his partner, who is now 52, will be entitled to a spouse’s pension of £45,700 a year. ...
UK housing market shrugs off concerns of Brexit slowdown image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:01:34 PM
....Miles Shipside, Rightmove director and housing market analyst, said: “A year on from the shock referendum result and subsequent dent in activity levels, the fundamentals remain strong. “Low unemployment, low interest rates, strong demand and historic undersupply of homes are mitigating any wobbles in confidence and as a result nearly half the properties on the market, over 45%, have sold signs slapped across them. ...
UK 'sleepwalking' into food insecurity after Brexit, academics say image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:01:34 PM
....Millstone said that while the proposed great repeal bill would initially transplant EU protections into UK law, with a government committed to reducing the number of regulations, it would also allow ministers to change these without parliamentary debate or consent. “This will hamper not just food safety but environmental protection [and] employment protections,” he said. ...
Workers’ rights need more protection in the gig economy | Letters image
Source : Guardian [Read Article] Sunday 16th of July 2017 04:37:34 PM
....Frank Field MPLabour, Birkenhead. • Theresa May doesn’t need to introduce new laws to protect workers in the gig economy: British employment law is fair and robust already. ...
Election euphoria won’t last if Labour doesn’t foil Brexit folly image
Source : Guardian [Read Article] Sunday 16th of July 2017 05:59:13 AM
.... Like us, at the moment, it possesses all the advantages of EU membership, not least from belonging to a powerful trading bloc: it is also not a member of the eurozone, whose economic policies have been far too deflationary. The recent recovery in the eurozone is to be welcomed, but by no means justifies the previous policies that aggravated unemployment in so many countries, especially Greece. ...
Top 1% of households in UK fully recovered from financial crisis image
Source : Guardian [Read Article] Friday 14th of July 2017 11:01:36 PM
....But while the rich have been thriving, the thinktank said the other 99% of UK households had found it more difficult to make ends meet. It added that the year running up to last month’s general election had seen weaker wage growth, higher inflation and frozen welfare benefits and that these offset any gains from rising employment. ...
Zero-hours workers won’t be reassured by the Taylor review – I’ve been one | Poppy Noor image
.... Working at a well-known burger chain, this meant bringing in our own change for customers – so that if we got short-changed or handed a dodgy note, it was us who went home out of pocket. It’s always those at the bottom of the food chain who are left exposed by employment practices like this. ...
Uber’s practices are morally unacceptable – but a boycott won’t help | Hannah Lownsbrough image
....Uber’s wrongdoing doesn’t stop at the door of its corporate headquarters. Just as pernicious is the corporation’s extremely profitable model of “employment”. ...
Key Bank of England policymaker 'not ready' for interest rate rise image
Source : Guardian [Read Article] Wednesday 12th of July 2017 05:45:21 PM
.... Several analysts have said the views of Broadbent – deputy governor for monetary policy – would be key to assessing the chances of a first BoE rate hike in a decade. Broadbent said economic growth had been “OK” during the last six to 12 months and pointed to rising employment and inflation. ...
UK interest rates aren't about to rise as real pay slides | Larry Elliott image
....If there was any serious doubt about the outcome of the August meeting of the Bank’s monetary policy committee, the latest news from the labour market puts the issue to rest. Unemployment matters to the eight members of the Bank’s monetary policy committee because they are looking for evidence that a reduction in the jobless rate – a tightening of the labour market in the jargon of the trade – is leading to a pick-up in wage inflation. ...
UK pay squeeze intensifies as real wages continue to fall image
Source : Guardian [Read Article] Wednesday 12th of July 2017 10:35:05 AM
....4% fall in the previous three months, according to figures from the Office for National Statistics. Real pay fell despite a surprise drop in the unemployment rate from 4. ...
Chancellor urged to recover money lost from recruitment sector tax avoidance image
....The move by Field comes after the latest exposé on this type of scheme, designed to save tax by setting up thousands of tiny firms to exploit VAT and national insurance rules that were originally designed to help very small businesses. The arrangements were supposed to work by transferring contracts of low-paid workers from a single large employment agency into a web of tiny companies. ...
Bar and restaurant chains scale back UK expansion as costs rise image
Source : Guardian [Read Article] Tuesday 11th of July 2017 04:52:05 PM
....In London and the south-east, 70-80% of hospitality workers come from overseas. Nicholls said that with nearly full employment, this was “not a skills shortage, it’s a labour shortage” and government needed to give confidence about future access to workers. ...
Political upheaval will lead to UK economy slowing down, says Moody's image
Source : Guardian [Read Article] Tuesday 11th of July 2017 12:51:23 PM
....S&P said the better-than-predicted performance of the economy in 2016 had been the result of “extraordinarily robust consumer spending” but added that the pressure on households from prices rising more rapidly than wages was likely to persist for the rest of 2017 and into 2018. Figures due out on Wednesday will show whether the lowest unemployment since the 1970s has started to have an upward effect on earnings, which are currently growing by just over 2% a year. ...
May says she will help gig economy workers but fails to pledge new laws image
.... With our app drivers are totally free to choose if, when and where they drive with no shifts or minimum hours. We would welcome greater clarity in the law over different types of employment status,” he said. ...
The Taylor review could make things worse for workers. What a surprise | Owen Jones image
.... Thompsons Solicitors – a firm that specialises in workers’ rights – has described Taylor’s review as “feeble”. The review suggests relabelling “workers” – an employment category that sits between self-employed contractors and full employees – as “dependent contractors”. ...
May relaunches premiership with new protections for gig economy workers image
.... But, echoing the prime minister, he will also warn against any new “national regulation” and say that employers already face high, non-wage costs that should not be increased. It is expected to recommend the government rewrites employment law so any self-employed worker who is under “control” and “supervision” should be given holiday pay, sick pay and, in most cases, receive the minimum wage. ...
Casual work is still the root cause of destitution | Letters image
Source : Guardian [Read Article] Monday 10th of July 2017 05:43:31 PM
. Matthew Taylor’s report to be published this week addresses problems of modern employment (Low-paid workers need better job satisfaction, No 10 review will say, 7 July). ...
Recruitment advisers' tax scheme liquidated after HMRC asks questions image
....”. The tax schemes were supposed to work by transferring contracts of low-paid workers from a single large employment agency into a web of thousands of tiny companies. ...
Mark Zuckerberg’s got some cheek, advocating a universal basic income | Sonia Sodha image
.... Cue basic income, aka let’s make this the state’s problem. This is the turbo-charged version of gig-economy platforms shifting employment risk from companies to individuals and state welfare systems, all in the name of profit. ...
Sexual harassment in Silicon Valley: have we reached a tipping point? image
....”. This power imbalance means that bad behavior often goes unpunished, particularly since there’s no codified professional framework to protect founders when they are interacting with investors: there’s no employment contract, no human resources department, and no sanctions for those who abuse their positions of power. ...
Trump's growth problem: jobs boost masks trouble ahead for US economy image
....4%. This in an economy where, as the president has been keen to highlight, stock markets are at record highs, there is close to full employment, the oil price remains low and inflation is under control. ...
Gig economy: now is the time to ease the burden for workers image
Source : Guardian [Read Article] Sunday 9th of July 2017 06:00:16 AM
. When Matthew Taylor, chief executive of the Royal Society of Arts, was appointed last year by Theresa May to lead a review of modern employment practices, he said it would be “really important to get out and listen to people”, as opposed to merely crunching data and numbers. ...
In other circumstances, we’d raise rates. But with Brexit looming, how can we? image
.... Two more rises could follow in 2018, should the expected inflationary pressures stay in place. Michael Saunders, one of the three policymakers to vote for a rise at the monetary policy committee’s meeting last month, qualified his call for a rise when he told the Guardian: “If rates do go up, it will be in the context of the economy doing OK and unemployment being low and probably falling. ...
Low-paid workers need better job satisfaction, No 10 review will say image
. A Downing Street review into modern employment is to call on the government to improve the quality of work for millions of people earning the minimum wage after it found too many are stuck with few prospects and falling job satisfaction. ...
UK house price fall takes annual growth rate to slowest in four years image
....Martin Ellis, a housing economist at Halifax, said house prices had flattened as consumers took a more cautious view. “Although employment levels continue to rise, household finances face increasing pressure as consumer prices grow faster than wages,” he said. ...
UK workers earning £2.50 an hour prompts call for government action image
Source : Guardian [Read Article] Thursday 6th of July 2017 09:00:07 PM
....Field’s report comes nine months after Theresa May promised in her maiden party conference speech as prime minister to “make sure that, in our modern and flexible economy, people are properly protected at work”. Its findings are likely to intensify scrutiny of a government-backed review by former Tony Blair adviser Matthew Taylor into modern employment practices, which is expected to be published early next week. ...
Gig economy: there's an easy way to end abusive working conditions image
Source : Guardian [Read Article] Thursday 6th of July 2017 09:00:07 PM
....”. Field and Forsey’s first report last year prompted the prime minister to appoint Matthew Taylor to review employment practices in the gig economy; the findings and recommendations are due to be published next week. ...
'Shame on you!' Campaigners ERUPT as minister tells women hit by pension delay to RETRAIN image
....Mr Opperman said there would not be any reversal of the policy to push back the official retirement age for women born after April 1953. He said: "But I do accept the Government must do all we can to assist everyone affected into retraining and employment and provide support if that is not possible. ...
Theresa May defends public sector pay cap under pressure from Labour image
Source : Guardian [Read Article] Wednesday 5th of July 2017 07:23:29 PM
.... “Technological change, from automation to decarbonisation, means that many jobs and industries will disappear or shrink in the coming years and decades. But I am not one of the doom-mongers, who believe that will inevitably herald an era of mass unemployment. ...
BA cabin crew to stage new 14-day strike image
Source : BBC [Read Article] Wednesday 5th of July 2017 05:27:57 PM
....BA created the mixed fleet of cabin staff in the wake of a bitter dispute over pay and conditions for all cabin staff that ran from 2009 to 2011. They fly only out of Heathrow, and on both short-haul and long-haul routes, but not in the same planes as colleagues on the legacy conditions of employment. ...
Rangers tax case: supreme court rules in favour of HMRC image
Source : Guardian [Read Article] Wednesday 5th of July 2017 05:02:13 PM
....The case concerned the use by the Glasgow-based football club of employee benefit trusts (EBTs) to funnel £50m of payments to employees from 2001. Payments made via EBTs were agreed in “side letters”, which were separate agreements to employment contracts and were hidden from the taxman and the football authorities. ...
Jeremy Corbyn attacks use of zero-hours contracts at Glastonbury image
Source : Guardian [Read Article] Wednesday 5th of July 2017 02:01:38 PM
....Asked about the allegations, Corbyn’s spokesman said: “Jeremy and the Labour party have taken a very strong stand against the use of zero-hours contracts, and the exploitation of migrant and other workers, and the spread of all manner of insecure agency working, and we would take that view wherever it happened. “That goes not just for zero-hour contracts but other forms of exploitation – bogus self-employment, fake agency working and so on. ...
‘Gig workers’ already have rights – all we have to do is enforce them | Jason Moyer-Lee image
....Modern work and its protections for workers, or lack thereof, has been the subject of much debate. The rise of Uber and Deliveroo, the incessant media interest in the lives of people who use an app to manage work, recent employment status court and tribunal victories for workers, and the announcement of the Taylor review into modern employment practices have all helped generate headlines. ...
UK services sector growth hits four-month low amid Brexit fears image
Source : Guardian [Read Article] Wednesday 5th of July 2017 11:39:28 AM
....Some analysts said the weak set of figures indicated a broad softening in activity across the economy that was likely to dent the enthusiasm of Bank of England policymakers who have proposed increasing interest rates. Earlier this week, monetary policy committee members Michael Saunders and Ian McCafferty said persistent inflation and strong employment growth needed to be calmed by higher interest rates. ...
Brexit fears trigger exodus of crucial EU health and social care workforce | Hélène Mulholland image
.... While 9,419 EU workers left the NHS since March 2016, 13,480 have joined. The apparent contradiction could be explained by the fact that while more EU nationals are leaving nursing and fewer people are registering, those who remain are increasingly switching from agency work to direct employment with NHS organisations. ...
Zero-hours contracts affect young people's health, study finds image
Source : Guardian [Read Article] Tuesday 4th of July 2017 11:01:12 PM
....The study, conducted by the UCL Institute of Education, found 25-year-olds employed on contracts that do not guarantee a minimum number of work hours were 41% less likely to report having good physical health compared with those with secure contracts. Young people on zero-hours contracts were also one-and-a-half times more likely to report having a mental health problem compared with someone on a more secure employment contract. ...
Bank of England's Michael Saunders: 'Prepare for higher interest rates' image
....“I think households should prepare for interest rates to go higher at some point. But if rates do go up, it will be in the context of the economy doing OK and unemployment being low and probably falling,” he said. ...
UK minimum wage law 'should cover more self-employed workers' image
Source : Guardian [Read Article] Tuesday 4th of July 2017 06:01:33 AM
....The report – part of the thinktank’s submission to Matthew Taylor’s review of modern work practices – said the government should not only ensure that the current law was properly enforced but also extend the law’s reach. “Many of those in the gig economy as it currently stands are likely to be ‘workers’, an employment status with greater rights than the self-employed, meaning they should already receive at least the minimum wage,” the thinktank said. ...
Minimum wage for the self-employed, suggests think tank image
Source : BBC [Read Article] Monday 3rd of July 2017 11:03:06 PM
....". The idea has been submitted by the Resolution Foundation to the Taylor Review on modern employment practices. ...
Tell Donald Trump: the Paris climate deal is very good for America | Joseph Stiglitz image
.... His promise to restore coal-mining jobs (which now number 51,000, less than 0. 04% of the country’s non-farm employment) overlooks the harsh conditions and health risks endemic in that industry, not to mention the technological advances that would continue to reduce employment in the industry even if coal production were revived. ...
Skills shortage costs British businesses £2bn a year, survey finds image
.... The findings will add to concerns that employers are already struggling to fill key jobs even before a potential clampdown on immigration once Britain leaves the EU. Open University researchers noted that unemployment was low, those in work were reluctant to move jobs because of continued Brexit uncertainty and that a lack of clarity about future immigration rules was deterring some EU nationals from taking up roles in Britain. ...
Can the Bank get Britain to kick its cheap credit habit? image
Source : Guardian [Read Article] Saturday 1st of July 2017 03:00:02 PM
....As the main source of financial instability in 2008, the mortgage market has come under closer scrutiny in recent years than ever before. The Prudential Regulatory Authority, an arm of the Bank of England that overseas the financial sector, has put in place tough rules that force banks to hold huge reserves in case unemployment increases and borrowers can no longer afford their monthly payments. ...
'Tourism is our lifejacket': debt-stricken Greece gets record number of visitors image
....With the exception of shipping, tourism is Greece’s biggest foreign earner, the mainstay of an economy that has otherwise contracted by 27% since late 2009 when the country’s debt crisis began. The industry accounted for eight out of 10 new jobs in 2016, vital for a nation hit by crippling levels of unemployment. ...
UK workers 'frustrated by flatlining pay', says key economist image
Source : BBC [Read Article] Thursday 29th of June 2017 09:10:00 PM
....Businesses need to benchmark themselves against other firms to see whether they are performing above average, he said. Pay growth has been falling rather than rising over the past year, which has taken the Bank and the rest of the world "somewhat by surprise" given buoyant UK jobs growth and falling unemployment. ...
Cyclists delivering emergency blood to NHS gain employment rights image
Source : Guardian [Read Article] Thursday 29th of June 2017 03:55:18 PM
. Couriers carrying emergency blood supplies and delivering passports have won improved employment rights in an important concession for workers in the gig economy. ...
Pound leaps as Carney says growth will be factor in interest rate debate image
Source : Guardian [Read Article] Wednesday 28th of June 2017 03:15:46 PM
....9% and expected to rise further above the government’s 2% target over the coming months. The three MPC members who voted for a rate rise believe the lowest unemployment rate since the 1970s will generate pressure for higher wages and that, unless policy is tightened now, there is the risk that a more aggressive stance will have to be announced later. ...
Tesco continues savings drive as it cuts 1,200 head-office jobs image
Source : Guardian [Read Article] Wednesday 28th of June 2017 11:05:11 AM
.... We will now enter into consultation talks with the company over the coming weeks to look at the business case for their proposed restructuring. “Our priorities are to keep as many staff as possible in employment and to get the best possible deal for our members. ...
London house price growth slows as rest of UK bounces back image
Source : Guardian [Read Article] Wednesday 28th of June 2017 09:37:05 AM
....The rise comes despite a weaker backdrop by household finances, which are being squeezed as inflation outpaces wage growth. Gardner said it was unclear whether the rebound in UK house price growth in June was the result of healthy demand driven by rising employment, or because buyers had limited choice with too few properties coming on to the market. ...
Almost half of highly skilled EU workers 'could leave UK within five years' image
.... Only 21% of workers outside the UK shared that view. “The UK’s cultural diversity, employment opportunities and quality of life are assets that continue to attract the world’s best and brightest people,” said David Sproul, chief executive of Deloitte north-west Europe. ...
Brexit could destroy the UK's food and farming industry – or be the making of it | Felicity Lawrence image
.... It lay buried through most of the referendum campaign – but if not skilfully defused, it could go off with devastating consequences for our food system. Consider these little-discussed facts: that food and drink is the UK’s largest remaining manufacturing sector – it’s bigger than the car and aerospace industries combined, and contributes over £28bn a year to the economy; that Europe is its most significant export market; that across the whole chain including farming, food accounts for over 13% of national employment; that 55% of all UK farm income is derived from European subsidies; that since we only produce just over half of what we eat, we depend on European imports for a quarter of our consumption; and that the sector has become so dependent on European migrant workers that without them it could collapse, as British strawberry growers have just warned. ...
Skilled labour shortage fuelled by uncertainty for EU workers image
Source : Guardian [Read Article] Sunday 25th of June 2017 11:01:43 PM
. British businesses face their biggest challenge in recruiting skilled labour in a decade, as high employment combines with a fall in the value of the pound and uncertainty about the future for EU nationals in the UK. ...

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