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....”. Pilots are expected to demand that Ryanair agree to offer them local contracts offering full employee rights under the employment law in the country where they are based. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 03:44:42 PM
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.... . The relationship was largely tolerated while the chaebol spearheaded rapid economic growth, but a rising income gap, youth unemployment and high-profile cronyism scandals including that which brought down former president Park Geun-hye have fuelled public anger. ... [Read full article on Guardian ]
Friday 25th of August 2017 06:41:40 AM
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....But I hear too many remainers itch for disaster. Some yearn for the great “I told you so” vindication as trucks stack a hundred miles up on the M2 and “just-in-time” manufacturing and service industries grind to a halt, with unemployment soaring. ... [Read full article on Guardian ]
Tuesday 5th of September 2017 05:00:33 AM
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....The company is willing to look beyond the US for its new location, explicitly opening up to Canadian cities. The pitch to cities from Amazon is simple: the company will bring highly skilled employment worth billions to the local area. ... [Read full article on Guardian ]
Thursday 7th of September 2017 03:06:03 PM
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.... The subdued demand was linked to a lack of new work following completed projects, as heightened economic uncertainty puts projects on hold. That has led employment numbers to rise at the slowest pace since July 2016. ... [Read full article on Guardian ]
Monday 4th of September 2017 10:14:41 AM
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....Hospitality firms need at least 60,000 new EU workers a year in order to fill vacancies, according to research for the BHA by the accountancy firm KPMG. Peter Gowers, the chief executive of the hotel chain Travelodge, said: “Even if the hotel industry recruited virtually every person on the the unemployment register there wouldn’t be enough people to fill all the roles needed in the 10 years following Brexit. ... [Read full article on Guardian ]
Wednesday 6th of September 2017 11:16:38 AM
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.... For profit to occur, producers need a market to sell to in the first place. Keeping this in mind helps to highlight the critical flaw of the argument: if robots replaced all workers, thereby creating mass unemployment, to whom would the producers sell?”. ... [Read full article on Guardian ]
Wednesday 6th of September 2017 05:58:41 PM
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. UK house price growth unexpectedly picked up last month, underpinned by strong employment growth and a shortage of properties on the market, according to Britain’s biggest mortgage lender. ... [Read full article on Guardian ]
Thursday 7th of September 2017 08:42:06 AM
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....Analysis from the accountants PricewaterhouseCoopers suggests GDP could receive a 10% boost from productivity gains linked to artificial intelligence by 2030, helping to bolster the British economy as it seeks to escape a period of weak output growth. That could relieve the pressure on workers to stay in employment into their late 60s, according to the TUC. ... [Read full article on Guardian ]
Sunday 3rd of September 2017 11:01:03 PM
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.... Lenders approved 41,587 mortgages for house purchases last month, up from 40,385 in June and 9% higher than July a year ago, the month that followed the Brexit vote. House price growth is helped by a marked shortage of houses for sale and lack of new properties being built, while high levels of employment and low mortgage rates are also pushing prices higher. ... [Read full article on Guardian ]
Thursday 24th of August 2017 11:01:33 PM
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....The food and drink industry has issued a warning of significant disruption and economic damage if the government fails to stem the flow of EU nationals leaving the UK. Nearly a third of British food and drink businesses have had non-UK EU workers leave their employment since last summer’s Brexit vote, according to a survey of more than 600 businesses representing nearly a quarter of the food chain’s 4 million workforce. ... [Read full article on Guardian ]
Wednesday 23rd of August 2017 11:01:03 PM
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....Not only have we been bad at forecasting, but there is not much sign of improvement. Mark Pearson, deputy director for employment, labour and social affairs at the OECD in Paris, said: “We are getting worse at making forecasts because the world is getting more complicated. ... [Read full article on Guardian ]
Saturday 2nd of September 2017 06:00:07 AM
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....There is a host of car sharing options nowadays: you could hire car and driver via Uber, pool a trip with someone going your way via BlaBlaCar, or “share” one of a fleet of cars (the turn-up-and-drive version of professional car rental) via the BMW Group/Sixt’s DriveNow, Daimler subsidiary car2go or Avis Budget Group-owned Zipcar. Although they have had hitches like fitting in with parking regulations or employment practices, they are all based on a modern version of “car ownership”, where you don’t actually own a car – you just borrow someone else’s. ... [Read full article on Guardian ]
Monday 4th of September 2017 08:02:59 AM
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....“The differential is a risk to London’s competitiveness in terms of its attractiveness to talent. Graduates will look at the other major employment centres and think their housing costs will be lower. ... [Read full article on Guardian ]
Tuesday 12th of September 2017 11:01:48 PM
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.... But data from the Oil & Gas UK, the trade body, shows a further 13,000 jobs linked to the sector were lost in the first half of 2017. The bulk of the employment is indirect jobs, in the supply chain and services such as hotels and restaurants. ... [Read full article on Guardian ]
Wednesday 6th of September 2017 05:01:22 AM
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....Ministers are preparing for crucial Brexit talks this autumn against a backdrop of better news on jobs, inflation and the public finances as the UK economy displays signs of stability after a volatile start to the year, a Guardian analysis shows. The Guardian’s monthly tracker of economic news shows inflation coming close to its peak and the lowest levels of unemployment since the mid-1970s. ... [Read full article on Guardian ]
Wednesday 23rd of August 2017 09:31:31 AM
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.... Activity increased in the housing market, pushing up property prices and generating a feelgood factor among those fortunate enough to be owner-occupiers. With the collapse in oil prices driving inflation down to zero, the years 2013-16 were good years for consumers: their pay packets went further, unemployment was falling and house prices were going up. ... [Read full article on Guardian ]
Monday 18th of September 2017 05:26:02 PM
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....“Wetherspoon is extremely confident that it can switch from EU suppliers, if required, although we would be very reluctant to initiate such actions,” said Martin. He added that EU leaders needed to take a “wise-up pill in order to avoid causing further economic damage to struggling economies like Greece, Portugal, Spain and Italy – where youth unemployment, in particular, is at epidemic levels”. ... [Read full article on Guardian ]
Friday 15th of September 2017 07:00:46 AM
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....It warned that skills shortages would worsen should post-Brexit restrictions mean a cap on EU staff as well as non-EU staff employed by firms, with three quarters of manufacturers surveyed saying they were already struggling to fill roles. Tim Thomas, EEF director of employment and skills, said: “Preventing industry from being able to recruit the best skilled workers from the EU could stifle growth, damage British industry and the UK economy as a whole. ... [Read full article on Guardian ]
Monday 28th of August 2017 11:01:46 PM
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.... But there are fears households are using debt to keep on spending amid the squeeze. Stephen Boyle, chief economist at Royal Bank of Scotland, said: “While rising employment means more people are earning and can spend, that can’t account for the growth in retail sales. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 12:58:06 PM
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....“Bell Pottinger is in discussions with BDO about a restructuring of the business,” said a spokesman for the agency, which was founded by Margaret Thatcher’s favourite PR adviser Lord Bell along with Piers Pottinger in 1987 and employs about 250 people. Staff were told on Thursday that the company’s financial situation was so fragile that they could have their employment terminated immediately, according to Sky News. ... [Read full article on Guardian ]
Thursday 7th of September 2017 06:47:15 PM
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....Ryan and Trump have argued that a lower tax burden will help create more jobs, but the study argues that these companies are already paying the lower level of taxes and have not created more jobs. In fact, while the total rate of job creation among the US private sector as a whole was 6%, these 92 companies saw a 1% decline in employment. ... [Read full article on Guardian ]
Wednesday 30th of August 2017 07:00:23 AM
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....Its austerity policies have resulted in the number of staff employed in the public sector falling by about 1 million since September 2009, according to figures from the Office for National Statistics. A poll of 2,100 employers across nine different sectors by employment agency ManpowerGroup found that a net balance of 6% were planning to increase staff levels rather than make cuts in the final months of the year. ... [Read full article on Guardian ]
Monday 11th of September 2017 11:01:19 PM
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....It said the programme was designed to “help provide a taste of the world of work” largely for 18- to 24-year-olds with placements lasting between two and eight weeks and for between 25 to 30 hours a week. Those taking part continue to receive their benefits and store managers had been explicitly briefed that volunteers could not replace any paid employment. ... [Read full article on Guardian ]
Wednesday 30th of August 2017 10:34:03 AM
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....1% recorded a month ago, but still means that real wages are falling. Analysts at Investec predict the UK unemployment rate could drop to 4. ... [Read full article on Guardian ]
Monday 11th of September 2017 05:01:04 AM
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.... For the last year, the 26-year-old has been having nightmares about her workplace, and has been signed off with depression on and off for the past four months. The Glasgow customer service call centre she works in has a high turnover of staff, who are often signed off with anxiety and depression, and the constant management warnings about being laid off if calls aren’t dealt with in strict timeframes are massively stressful for staff on zero-hours contracts with barely any employment rights. ... [Read full article on Guardian ]
Thursday 24th of August 2017 05:00:11 AM
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.... Almost all of the couriers and drivers who opened up to us about their home life have families to support. The roots of the exploitation described to us by those workers lie in companies’ use of bogus self-employment. ... [Read full article on Guardian ]
Thursday 24th of August 2017 01:05:35 PM
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....The retail group controlled by the Newcastle United owner, Mike Ashley, promised to ensure that all staff were treated with dignity and respect in a report on its working practices published on 6 September last year. Key pledges included offering casual retail staff guaranteed hours instead of zero-hours contracts and testing a scheme to transfer 10 warehouse staff a month from insecure agency contracts to Sports Direct’s employment. ... [Read full article on Guardian ]
Tuesday 5th of September 2017 10:21:04 AM
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....Explaining its view, the Bank pointed to encouraging recent indicators of economic strength. Data this week showed unemployment has reached a 42-year low of 4. ... [Read full article on Guardian ]
Thursday 14th of September 2017 01:24:03 PM
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....Asda is being urged to drop a legal action and increase pay on the shop floor after the supermarket lost its appeal against an equal pay claim from 15,000 workers. On Thursday, the employment appeal tribunal backed an October ruling that workers in roles across the shop floor can compare their jobs with those done predominantly by men for a higher wage in Asda’s warehouses. ... [Read full article on Guardian ]
Thursday 31st of August 2017 02:20:13 PM
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Latest Finance News related to Employment

Hinkley Point C: fresh strike threat over pay dispute image
Source : Guardian [Read Article] Thursday 21st of September 2017 05:29:27 PM
....Strike action was called off in June after an interim deal over bonus payments was reached in the hope a permanent agreement avoiding any further delays at the Somerset site could be reached. Talks have since broken down and GMB and Unite will ballot members over strike action concerning the employment terms of more than 1,000 civil engineers. ...
Deliveroo boss Will Shu gives himself 22.5% rise amid battle over riders' pay image
Source : Guardian [Read Article] Thursday 21st of September 2017 05:21:52 PM
....The pay rise also comes as the Central Arbitration Committee investigates whether Deliveroo’s drivers are independent contractors, as the company argues, or whether they should be classified as workers with rights to holiday pay, the national minimum wage and collective bargaining via a union. A group of 20 British riders is seeking compensation in a similar employment tribunal case. ...
Ryanair chief claims he can force pilots to give up a week of leave image
Source : Guardian [Read Article] Thursday 21st of September 2017 10:50:13 AM
....O’Leary is scrambling to prevent more disruption to Ryanair’s schedule after cancelling up to 50 flights a day due to a rota “mess-up” that left it short of pilots. Speaking at the airline’s AGM in Dublin on Thursday, he dismissed suggestions of industrial action from disgruntled pilots seeking improved employment terms. ...
The great unwinding: Fed begins slow demise of its post-crash stimulus image
Source : Guardian [Read Article] Wednesday 20th of September 2017 06:10:52 PM
....5tn as the central bank moved to stimulate economic growth by reducing longer-term interest rates, such as those for mortgages and corporate bonds. The programme has successfully kept interest rates down and US unemployment has fallen steadily from a peak of 10% in October 2009 to 4. ...
Further Ryanair cancellations likely as pilots reject cash to work on days off image
Source : Guardian [Read Article] Wednesday 20th of September 2017 03:44:42 PM
....”. Pilots are expected to demand that Ryanair agree to offer them local contracts offering full employee rights under the employment law in the country where they are based. ...
UK shoppers continue to spend despite rising prices image
Source : Guardian [Read Article] Wednesday 20th of September 2017 12:58:06 PM
.... But there are fears households are using debt to keep on spending amid the squeeze. Stephen Boyle, chief economist at Royal Bank of Scotland, said: “While rising employment means more people are earning and can spend, that can’t account for the growth in retail sales. ...
UK growth will trail Italy, France and Germany next year, says OECD image
Source : Guardian [Read Article] Wednesday 20th of September 2017 09:00:02 AM
.... He also highlighted the OECD warning that a bubble in the housing market remained a threat to the UK’s financial stability, especially with an increase in interest rates by the Bank of England possible before the end of the year. The OECD said: “Britain’s labour market remained robust after a fall in unemployment to below 4. ...
Government backs tighter rules on takeover of UK companies image
Source : Guardian [Read Article] Tuesday 19th of September 2017 06:21:29 PM
....Under rules introduced in 2011 after the much-criticised takeover of Cadbury by Kraft, which resulted in a factory being closed despite promises to the contrary, bidders must already make clear their plans for the target business, its employees and pension scheme. But bidders’ statements under that rule have often been vague and sometimes misleading, so the panel now wants more specific information on the location and function of a company’s headquarters, plans for research and development and any material changes to the conditions of employment or the balance of skills and functions among management and employees, or redeployment of fixed assets. ...
What you need to know about car loans image
Source : Guardian [Read Article] Tuesday 19th of September 2017 12:50:45 PM
.... The secondhand car market is vast and the metrics used by the industry show exactly how much customers will pay for specific secondhand cars. Labour MP Rachel Reeves, the chair of the business select committee, worries that the industry has proved successful in a period of near full employment and low interest rates, which may not last. ...
Public inquiry needed into UK's £200bn debt crisis, say senior MPs image
Source : Guardian [Read Article] Tuesday 19th of September 2017 12:50:07 PM
....Reeves said the financial services industry needed to be more transparent about the level of indebtedness and subprime lending. Field said regulators need to be more explicit about the extent of the damage to households and the economy from a shock that could be caused by an increase in unemployment or increased interest rates. ...
Why central banks are not hitting their 2% inflation target | Nouriel Roubini image
Source : Guardian [Read Article] Tuesday 19th of September 2017 10:49:04 AM
.... Globalisation keeps cheap goods and services flowing from China and other emerging markets. Weaker unions and workers’ reduced bargaining power have flattened out the Phillips curve, with low structural unemployment producing little wage inflation. ...
Number of workers on zero-hours contracts drops to three-year low image
Source : Guardian [Read Article] Tuesday 19th of September 2017 10:20:15 AM
....7m in the same month a year ago, and the lowest since January 2014, according to figures published by the Office for National Statistics on Tuesday. While the overall number fell, the percentage of these contracts as a share of all employment agreements remained unchanged at 5%. ...
UK debt is explosive – and it only needs a spark to light the fuse | Larry Elliott image
.... Activity increased in the housing market, pushing up property prices and generating a feelgood factor among those fortunate enough to be owner-occupiers. With the collapse in oil prices driving inflation down to zero, the years 2013-16 were good years for consumers: their pay packets went further, unemployment was falling and house prices were going up. ...
Fall in migration after Brexit could push up inflation, says Carney image
Source : Guardian [Read Article] Monday 18th of September 2017 03:36:20 PM
....In the longer term, “Brexit could therefore ultimately have only a modest impact on prices in general equilibrium”. Carney’s intervention is significant as it follows a period of intense political debate about the impact of EU migration on wages and employment in Britain, after a copy of the government’s post-Brexit immigration blueprint was leaked to the Guardian earlier this month. ...
The eurozone may be back on its feet. But is Greece? image
Source : Guardian [Read Article] Saturday 16th of September 2017 03:00:15 PM
....To the delight of many, nonetheless, Tsipras, the man who set Europe ablaze with Marxist ideology and anti-austerity rage back in the heady days of January 2015, is becoming more pragmatic by the day. The 42-year-old’s embrace of the free-market policies he once abhorred was cemented last Sunday, when he announced that he would personally oversee the foreign investment drive now viewed as key to curing the curse of Greece’s unemployment rate. ...
Even German carmakers won’t save us from a hard Brexit image
Source : Guardian [Read Article] Saturday 16th of September 2017 03:00:15 PM
.... So why does he think that German business leaders will put trade with the UK above the cohesion of the remaining 27 countries, which serves their purpose much more than keeping borders open with the UK? Carmakers are threatened more by the end of the combustion engine than by Brexit. The French president is pushing to liberalise employment laws in France, it’s true, but his aim is to enhance the free movement of labour, not hand EU countries more levers to limit who can be employed and where. ...
The eurozone strikes back – why Europe is booming again image
Source : Guardian [Read Article] Saturday 16th of September 2017 03:00:15 PM
....2% for the world’s largest economy. Eurozone unemployment has fallen to the lowest level since 2009, while factories are humming again, with production up 3. ...
Barclays' head of whistleblowing to leave after dropping employment case image
Source : Guardian [Read Article] Friday 15th of September 2017 03:32:40 PM
....The head of whistleblowing at Barclays is to leave the bank at a time when the bank’s chief executive, Jes Staley, is being investigated over his attempts to unmask a whistleblower. Jonathan Cox, a former police detective inspector, is leaving after dropping an employment case against the bank, according to Reuters. ...
Premier Inn owner quits ethical trade body after union row image
Source : Guardian [Read Article] Friday 15th of September 2017 10:49:40 AM
....Whitbread said it was “a leader in responsible sourcing within the hospitality industry” and remained “100% committed to ensuring ethical and sustainable practice across our global supply chain”. “Since we joined the ETI in 2016, we have been subject to false allegations from Unite about our employment practices, specifically around our policy towards union membership, and Unite allege that we do not comply with the ETI base code. ...
Prospect of interest rate rise sends pound back to level of Brexit result day image
....”. In a speech to economists in London, Vlieghe said his mood was moving towards a change in policy because of the low employment rate and a potential increase in wages in the coming months, which have put more pressure on inflation. ...
JD Wetherspoon boss: EU leaders should take a 'wise-up pill' on Brexit image
Source : Guardian [Read Article] Friday 15th of September 2017 07:00:46 AM
....“Wetherspoon is extremely confident that it can switch from EU suppliers, if required, although we would be very reluctant to initiate such actions,” said Martin. He added that EU leaders needed to take a “wise-up pill in order to avoid causing further economic damage to struggling economies like Greece, Portugal, Spain and Italy – where youth unemployment, in particular, is at epidemic levels”. ...
UN report attacks austerity budgets for growing inequality image
Source : Guardian [Read Article] Thursday 14th of September 2017 06:00:52 PM
....“Excluding women from good jobs deepens overall inequality with negative consequences for growth,” it said. The report argued that giving women access to decent employment could only be achieved if governments maintained investment in affordable childcare facilities and care for the elderly. ...
End austerity – and kickstart Martin Luther King’s revolution of values | Richard Kozul-Wright image
.... The giant triplets that he warned about are resurfacing, accompanied by a retreat into resentful nationalism. The gaps between the rich and everyone else are now wider than ever, and across much of the world the drive to achieve full employment with strong welfare provision was thrown into reverse gear decades ago, as governments reinvented themselves as “enablers” rather than “providers”. ...
Sports Direct challenged by MPs over claims it underpays couriers image
Source : Guardian [Read Article] Thursday 14th of September 2017 01:32:43 PM
....”. Field said: “In the last parliament we heard egregious examples of companies using an essentially bogus classification of self-employment to shirk their responsibilities to those who work for them. ...
UK interest rates stay at 0.25% but Bank of England hints rise is looming image
Source : Guardian [Read Article] Thursday 14th of September 2017 01:24:03 PM
....Explaining its view, the Bank pointed to encouraging recent indicators of economic strength. Data this week showed unemployment has reached a 42-year low of 4. ...
Ryanair is preparing takeover bid for Alitalia, says Michael O'Leary image
Source : Guardian [Read Article] Thursday 14th of September 2017 11:18:38 AM
....“We would have to order new planes, whether Boeing or Airbus,” said O’Leary. He said he hoped any deal would see Alitalia pilots and crew keep their jobs, but signalled that they would have to accept altered employment terms in line with Ryanair’s own. ...
Darling: Brexit would not have happened without banking crisis image
Source : Guardian [Read Article] Wednesday 13th of September 2017 12:16:45 PM
....“The banking crisis has led to a real ‘them and us’ culture,” she said. Figures released on Wednesday showed wage rises have failed to keep pace with inflation, despite a buoyant labour market in which unemployment has fallen to its lowest level since 1975. ...
UK wage rises lag behind inflation despite lowest jobless rate since 1975 image
Source : Guardian [Read Article] Wednesday 13th of September 2017 10:07:10 AM
. Wage rises in Britain have failed to keep pace with inflation, according to the latest official figures, despite a buoyant labour market that saw unemployment fall to its lowest level since 1975. ...
Houses more affordable across half of UK now than in 2007 image
Source : Guardian [Read Article] Tuesday 12th of September 2017 11:01:48 PM
....“The differential is a risk to London’s competitiveness in terms of its attractiveness to talent. Graduates will look at the other major employment centres and think their housing costs will be lower. ...
Forget the Parthenon: how austerity is laying waste to Athens' modern heritage image
.... But as the country’s financial crisis rumbles on, many also see it as a lesson of rebirth, of starting anew. In recent years, amid record levels of poverty and unemployment, municipal authorities have stepped in, linking up with private initiatives to rescue buildings from dereliction and collapse. ...
Public sector employers 'preparing to hire at fastest pace since 2015' image
Source : Guardian [Read Article] Monday 11th of September 2017 11:01:19 PM
....Its austerity policies have resulted in the number of staff employed in the public sector falling by about 1 million since September 2009, according to figures from the Office for National Statistics. A poll of 2,100 employers across nine different sectors by employment agency ManpowerGroup found that a net balance of 6% were planning to increase staff levels rather than make cuts in the final months of the year. ...
Donald Trump's 3% growth plan is only for the 1% | Kenneth Rogoff image
Source : Guardian [Read Article] Monday 11th of September 2017 01:09:01 PM
....5%, roughly splitting the difference between Trump and the experts. Moreover, employment gains have been robust during the first six months of Trump’s presidency, with more than 1m jobs created, and stocks are soaring to new highs, both of which are fuelling higher consumption. ...
Can Macron and Merkel agree on how to fix the eurozone? | Barry Eichengreen image
Source : Guardian [Read Article] Monday 11th of September 2017 12:21:34 PM
.... The eurozone, he argues, needs its own finance minister and parliament. It requires a budget in the hundreds of billions of euros to underwrite investment projects and augment spending in countries with high unemployment, Macron insists. ...
Charity shops: bringing in the cash, but bringing down the high street? image
Source : Guardian [Read Article] Monday 11th of September 2017 06:09:00 AM
....Not surprisingly, the report focuses on other positives, too. It notes that since 2013, the number of volunteers in UK charity shops has risen by 4% to 220,000 and it says volunteering positions play a vital role in getting people back into paid employment, as it improves the confidence and self-esteem of volunteers and enables them to gain new skills. ...
The Guardian view on the economy: the City is now too big for Britain | Editorial image
.... In hosting a commission bringing together public intellectuals, representatives of industry, finance and tech, the IPPR seeks to publicise our failures as an economy on the cusp of a “decade of disruption”. The topography of the economy features some very low valleys: as a nation, the UK is not generating rising prosperity for a majority; a high employment rate masks an increasingly insecure “casualised” labour force; and Britain remains a pretty unequal place. ...
To understand the UK's low-pay crisis, Mark Carney needs to get out more | Phillip Inman image
....A longer strike was never on the cards; it is a sad fact that workers have such little power in Britain today. The railway workers might use their muscle should they embark on a winter of disputes over driverless trains, but elsewhere workers face draconian employment laws that make them among the most flexible in the world when it comes to how and when they work. ...
Personal finance: Britons keeping calm and carrying on despite Brexit image
Source : Daily Express [Read Article] Sunday 10th of September 2017 12:01:00 AM
.... . Russell Galley, managing director of Halifax Community Bank, says buoyancy is returning helped by strong recent jobs growth, which has seen unemployment fall to a 42-year low: “House prices should continue to be supported by low mortgage rates and a continuing shortage of homes for sale. ...
Curry house immigration raids ‘unfair’, say restaurant owners image
Source : Guardian [Read Article] Saturday 9th of September 2017 11:05:21 PM
....A Home Office spokesperson said: “Using illegal labour is not victimless. It cheats the taxpayer, undercuts honest businesses and cheats legitimate jobseekers of employment opportunities. ...
Tax cuts for the rich don't help the rest. Don't take my word for it, ask the IMF | Greg Jericho image
....The IMF study, which modelled the impacts of tax cuts on a US-style economy, found that any income-tax cut – whether targeted at middle or high-income households – reduced tax revenue. The study’s authors noted that personal income-tax cuts stimulated growth but the supply-side effects, such as increased employment and wages, “are never large enough to offset the revenue loss from lower marginal tax rates”. ...
Tory EU migration crackdown plans: the key questions answered image
Source : Guardian [Read Article] Saturday 9th of September 2017 03:00:11 PM
.... Farmers were joined by all the major business lobby groups, which want more of an open-door policy than the government’s interpretation of the EU referendum vote appears to allow. Peter Gowers, chief executive of the hotel chain Travelodge, said: “Even if the hotel industry recruited virtually every person on the unemployment register there wouldn’t be enough people to fill all the roles needed in the 10 years following Brexit. ...
The Tory fallacy: that migrants are taking British jobs and driving down wages | Vince Cable image
.... By implication, unskilled jobs should be reserved for British workers. But it isn’t clear where, with record levels of employment, the reserve army of unemployed, unskilled Britons is currently billeted. ...
Bell Pottinger could go under within days, sources claim image
Source : Guardian [Read Article] Thursday 7th of September 2017 06:47:15 PM
....“Bell Pottinger is in discussions with BDO about a restructuring of the business,” said a spokesman for the agency, which was founded by Margaret Thatcher’s favourite PR adviser Lord Bell along with Piers Pottinger in 1987 and employs about 250 people. Staff were told on Thursday that the company’s financial situation was so fragile that they could have their employment terminated immediately, according to Sky News. ...
Amazon seeks prime North American spot for second headquarters image
Source : Guardian [Read Article] Thursday 7th of September 2017 03:06:03 PM
....The company is willing to look beyond the US for its new location, explicitly opening up to Canadian cities. The pitch to cities from Amazon is simple: the company will bring highly skilled employment worth billions to the local area. ...
House prices hit record high as market shakes off Brexit doom-mongers image
Source : Daily Express [Read Article] Thursday 7th of September 2017 08:54:00 AM
....Price rises are likely to continue until the end of 2017, according to critics. Russell Galley, managing Director, Halifax Community Bank, said: “Recent figures for mortgage approvals suggest some buoyancy may be returning, possibly on the back of strong recent employment growth, with the unemployment rate falling to a 42 year low. ...
UK house prices rising amid shortage of properties, says Halifax image
Source : Guardian [Read Article] Thursday 7th of September 2017 08:42:06 AM
. UK house price growth unexpectedly picked up last month, underpinned by strong employment growth and a shortage of properties on the market, according to Britain’s biggest mortgage lender. ...
Bell Pottinger has toxified political debate in South Africa | Justice Malala image
Source : Guardian [Read Article] Wednesday 6th of September 2017 05:59:41 PM
.... It is in the spatial arrangements: the pristine formerly whites-only suburbs (where a few of us black people now live) and their high walls, sitting miles away from the sprawling black squatter camps and townships that provide labour for the still – two decades after democracy – white-dominated economy. The face of unemployment, poverty and poor education is black. ...
Deutsche Bank boss says 'big number' of staff will lose jobs to automation image
Source : Guardian [Read Article] Wednesday 6th of September 2017 05:58:41 PM
.... For profit to occur, producers need a market to sell to in the first place. Keeping this in mind helps to highlight the critical flaw of the argument: if robots replaced all workers, thereby creating mass unemployment, to whom would the producers sell?”. ...
Sports Direct chairman narrowly survives shareholder revolt image
Source : Guardian [Read Article] Wednesday 6th of September 2017 12:13:16 PM
....Asked for an update on a pledge made last year to offer guaranteed hours deals to shopfloor staff, the vast majority of whom currently do not know if they will get any work each week, Hellawell said “a huge proportion of workers are happy to retain the flexibility” of the existing setup. He added: “Zero-hours is still a legal form of employment in this country. ...
Leaked immigration plans ‘catastrophic’ for industry, say employers image
Source : Guardian [Read Article] Wednesday 6th of September 2017 11:16:38 AM
....Hospitality firms need at least 60,000 new EU workers a year in order to fill vacancies, according to research for the BHA by the accountancy firm KPMG. Peter Gowers, the chief executive of the hotel chain Travelodge, said: “Even if the hotel industry recruited virtually every person on the the unemployment register there wouldn’t be enough people to fill all the roles needed in the 10 years following Brexit. ...
North Sea oil and gas sector losing thousands of jobs, survey shows image
Source : Guardian [Read Article] Wednesday 6th of September 2017 05:01:22 AM
.... But data from the Oil & Gas UK, the trade body, shows a further 13,000 jobs linked to the sector were lost in the first half of 2017. The bulk of the employment is indirect jobs, in the supply chain and services such as hotels and restaurants. ...
UK’s economic model is broken, says Archbishop of Canterbury image
Source : Guardian [Read Article] Tuesday 5th of September 2017 06:26:34 PM
....A spokesman for the Treasury said the chancellor, Philip Hammond, rejected the accusations in the report that the government had cut investment and presided over a rise in inequality. He claimed that employment was at a record high, the public finances were in better shape and the Gini co-efficient measure of inequality was at a 30-year low. ...
Autumn Budget 2017 Date & Predictions: Stamp duty & pensions could be hit by Hammond image
....Phil Hall, AAT head of public affairs and policy said: “It’s widely accepted that Stamp Duty adds a burden to any homeowners seeking to move - especially first-time buyers - because they must pay the tax as an immediate upfront cost together with finding a deposit, surveyors and solicitors fees and so on. "This stunts mobility, impacting on employment and productivity as well as reducing the supply of new homes, which adds to the affordability crisis. ...
Sports Direct fails to meet 2016 pledge on working conditions image
Source : Guardian [Read Article] Tuesday 5th of September 2017 10:21:04 AM
....The retail group controlled by the Newcastle United owner, Mike Ashley, promised to ensure that all staff were treated with dignity and respect in a report on its working practices published on 6 September last year. Key pledges included offering casual retail staff guaranteed hours instead of zero-hours contracts and testing a scheme to transfer 10 warehouse staff a month from insecure agency contracts to Sports Direct’s employment. ...
The Brexit bill is cataclysmic. Only a swerve will save us | Polly Toynbee image
Source : Guardian [Read Article] Tuesday 5th of September 2017 05:00:33 AM
....But I hear too many remainers itch for disaster. Some yearn for the great “I told you so” vindication as trucks stack a hundred miles up on the M2 and “just-in-time” manufacturing and service industries grind to a halt, with unemployment soaring. ...
McDonald’s workers rally outside parliament amid first UK strike image
Source : Guardian [Read Article] Monday 4th of September 2017 12:20:46 PM
....Addressing the crowd, McDonnell paid tribute to everyone who had come out in action or solidarity, calling them an “absolute inspiration”. He told the Guardian: “These are workers who are extremely vulnerable in terms of their employment conditions. ...
UK construction 'flirting with recession' as Brexit uncertainty bites image
Source : Guardian [Read Article] Monday 4th of September 2017 10:14:41 AM
.... The subdued demand was linked to a lack of new work following completed projects, as heightened economic uncertainty puts projects on hold. That has led employment numbers to rise at the slowest pace since July 2016. ...
The rise of SnappCar, the business that lets you rent out your car image
Source : Guardian [Read Article] Monday 4th of September 2017 08:02:59 AM
....There is a host of car sharing options nowadays: you could hire car and driver via Uber, pool a trip with someone going your way via BlaBlaCar, or “share” one of a fleet of cars (the turn-up-and-drive version of professional car rental) via the BMW Group/Sixt’s DriveNow, Daimler subsidiary car2go or Avis Budget Group-owned Zipcar. Although they have had hitches like fitting in with parking regulations or employment practices, they are all based on a modern version of “car ownership”, where you don’t actually own a car – you just borrow someone else’s. ...
Robots and AI can bring down pension age, says TUC image
Source : Guardian [Read Article] Sunday 3rd of September 2017 11:01:03 PM
....Analysis from the accountants PricewaterhouseCoopers suggests GDP could receive a 10% boost from productivity gains linked to artificial intelligence by 2030, helping to bolster the British economy as it seeks to escape a period of weak output growth. That could relieve the pressure on workers to stay in employment into their late 60s, according to the TUC. ...
Home Office employee suspended at G4S-run immigration centre image
Source : Guardian [Read Article] Saturday 2nd of September 2017 01:17:38 PM
....G4S said on Friday that nine members of its staff had been suspended pending an investigation into BBC Panorama allegations of “chaos, incompetence and abuse” at the Brook House immigration removal centre near Gatwick airport, in West Sussex. Now sources have confirmed that a Home Office worker has also been suspended while allegations relating to his previous employment for G4S at the facility are investigated. ...
Why economic forecasting has always been a flawed science image
Source : Guardian [Read Article] Saturday 2nd of September 2017 06:00:07 AM
....Not only have we been bad at forecasting, but there is not much sign of improvement. Mark Pearson, deputy director for employment, labour and social affairs at the OECD in Paris, said: “We are getting worse at making forecasts because the world is getting more complicated. ...
US jobs growth misses forecasts as unemployment rises image
Source : Guardian [Read Article] Friday 1st of September 2017 02:09:54 PM
....The figures made for disappointing reading for Donald Trump, who hasput jobs and wage growth among the top priorities for his administration. There was a modest rise in the unemployment rate from 4. ...
Aberdeen joins councils raising money by selling bonds as cuts bite image
Source : Guardian [Read Article] Thursday 31st of August 2017 05:27:32 PM
....Aberdeen might benefit from expert economic advice owing to its reliance on the oil industry, which makes the city vulnerable to movements in the value of crude. A crash in prices in 2014 – from more than $100 (£78) a barrel when the Scottish independence referendum was held in 2014 to as low as $27 last year – led local unemployment rates to rise by a quarter. ...
Why the rise of the robots could allow humans to flourish again | Giles Fraser: Loose canon image
....This could be the future for many of us. Under capitalism, many find it hard to establish a sense of self-worth without paid employment. ...
Asda urged to drop equal pay challenge and raise shop-floor wages image
Source : Guardian [Read Article] Thursday 31st of August 2017 02:20:13 PM
....Asda is being urged to drop a legal action and increase pay on the shop floor after the supermarket lost its appeal against an equal pay claim from 15,000 workers. On Thursday, the employment appeal tribunal backed an October ruling that workers in roles across the shop floor can compare their jobs with those done predominantly by men for a higher wage in Asda’s warehouses. ...
Bank of England policymaker urges interest rate rise image
Source : Guardian [Read Article] Thursday 31st of August 2017 08:05:11 AM
....Britain needs higher interest rates to prevent inflation from heading back towards 3% and staying there for several years, according to Michael Saunders, one of the two dissenting Bank of England rate-setters to vote for a rise earlier this month. Saunders said the UK economy was able to withstand the impact of higher credit costs after a steep fall in unemployment that paved the way for an increase in wages and higher prices in shops. ...
Slowdown in consumer credit growth spells trouble for UK economy | Phillip Inman image
....Certainly, given M&S’s problems with its fashions and persistent failure to restock popular lines and sizes, the retailer is an example of how difficult many 20th century businesses have found the transition to servicing niche tech-savvy audiences with fickle tastes. But for much of Asos’s existence, the difference has been more stark in the relative employment practices. ...
Demoted or dismissed because of your weight? The reality of the size ceiling image
.... In a 2016 study led by the psychologist Stuart W Flint of Sheffield Hallam University, participants were asked to evaluate candidates for different types of jobs. Shown hypothetical CVs with photographs depicting fat and thin people, the participants clearly perceived men and women of average weight to be the most suitable for employment. ...
Poundland 'gets jobless to work for free under government scheme' image
Source : Guardian [Read Article] Wednesday 30th of August 2017 10:34:03 AM
....It said the programme was designed to “help provide a taste of the world of work” largely for 18- to 24-year-olds with placements lasting between two and eight weeks and for between 25 to 30 hours a week. Those taking part continue to receive their benefits and store managers had been explicitly briefed that volunteers could not replace any paid employment. ...
Trump's corporate tax plan will probably not create a job boom, report finds image
....Ryan and Trump have argued that a lower tax burden will help create more jobs, but the study argues that these companies are already paying the lower level of taxes and have not created more jobs. In fact, while the total rate of job creation among the US private sector as a whole was 6%, these 92 companies saw a 1% decline in employment. ...
​Some might pray for a house price crash, but be careful what you wish for | Patrick Collinson image
....Can we first be clear that the likelihood of a property crash in Britain remains low. Despite the catastrophising over Brexit, the UK remains a densely populated land with near full employment, where housebuilding has been depressed for decades, and where money can be borrowed at historically low rates. ...
Should companies be forced to put workers on boards? | Frances O’Grady and Sam Bowman image
.... They’re the norm across most of Europe – including countries with similar single-tier board structures to the UK, such as Sweden. European countries with better worker participation tend to have higher investment in research and development, higher employment rates and lower levels of inequality and poverty. ...
How can small businesses beat the Brexit blues? image
Source : Guardian [Read Article] Tuesday 29th of August 2017 11:55:12 AM
....Employers should engage with their workforce now to determine whether Brexit will affect their EU employees personally, which might include supporting them through the application process for residence cards. “This can provide them with a greater sense of security – or allaying fears of any immediate changes to their employment,” says McIndoe. ...
Lack of skilled EU workers 'could choke UK growth post-Brexit' image
Source : Guardian [Read Article] Monday 28th of August 2017 11:01:46 PM
....It warned that skills shortages would worsen should post-Brexit restrictions mean a cap on EU staff as well as non-EU staff employed by firms, with three quarters of manufacturers surveyed saying they were already struggling to fill roles. Tim Thomas, EEF director of employment and skills, said: “Preventing industry from being able to recruit the best skilled workers from the EU could stifle growth, damage British industry and the UK economy as a whole. ...
Need help to claim after a flight delay?  As firms cash in, beware the small print image
.... Some pocket more than 40% of any payout in fees, although they have no special powers to pursue claims and passengers can put in a claim themselves with the airline for free. Extraordinarily, although claims management firms specialising in financial services, personal injury or employment have to be authorised and regulated by the Ministry of Justice, those handling flight compensation cases do not. ...

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