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.... Grayling dismissed the figure as “nonsense”. Asked about the decision to spend on infrastructure while there is a 1% cap on public sector pay, Grayling said: “That’s a very different issue because we are talking about capital investment over the next 15 years. ... [Read full article on Guardian ]
Monday 17th of July 2017 08:08:45 AM
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.... Another would be for governments to say enough is enough. If, despite the lowest ever borrowing costs and repeated cuts in corporate taxation, the private sector won’t invest in the fourth industrial revolution, the public sector will. ... [Read full article on Guardian ]
Sunday 16th of July 2017 01:11:02 PM
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....The great reveal of the salaries of the BBC’s highest-paid stars has, for the most part, been grim fun. Should we not cheer that public sector workers are paid so generously? And can Alan Shearer’s most obvious of observations really be worth up to £450,000 a year? How many Clare Baldings could you get for one Gary Lineker? (Nine. ... [Read full article on Guardian ]
Thursday 20th of July 2017 05:00:12 AM
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.... The triple lock for today’s pensioners is inviolable. The vast final salary-based payouts of better-off public sector workers are untouchable. ... [Read full article on Guardian ]
Saturday 22nd of July 2017 06:00:31 AM
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.... Under such deals, the local authority signs a contract with a private developer, which provides the upfront capital financing, and subsequent management of the asset. The public sector repays the developer in monthly instalments and, in residential developments, often with land and permission for private dwellings alongside the revamped social housing. ... [Read full article on Guardian ]
Friday 21st of July 2017 05:00:09 AM
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....Since 80% of firms have granted spouses’ benefits to gay couples already, Walker said, the impacts on private firms will be relatively modest. The Department for Work and Pensions, however, estimates it would cost £100m for the private sector and £20m for the public sector to deliver financial equality. ... [Read full article on Guardian ]
Monday 17th of July 2017 06:00:43 AM
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....With a queue of government departments clamouring for inflation-busting rises in their funding before the autumn budget, the early signs are that Hammond will be reluctant to put extra cash on the table. The chancellor is under pressure to relax a pay cap on public sector workers and find extra resources to boost police and healthcare budgets. ... [Read full article on Guardian ]
Friday 21st of July 2017 11:29:19 AM
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....Just after the discount rate change the Office for Budget Responsibility said the government now had to set aside an extra £1. 2bn a year to meet the expected costs to the public sector – and it would push up car insurance premiums by about 10%. ... [Read full article on Guardian ]
Monday 17th of July 2017 11:01:03 PM
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....Joe Rukin, the Stop HS2 campaign manager, said it showed the project was “being run with a blatant disregard for taxpayers’ money”. He added: “At a time when we supposedly have no money for the public sector workers everyone knows we need, this is beyond disgraceful. ... [Read full article on Guardian ]
Wednesday 19th of July 2017 02:41:26 PM
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....Its stance shows that business leaders have little faith in Fox establishing bridgeheads into the US, Japan and EU economies to facilitate trade. They are wary of what he is prepared to concede, as are anti-poverty campaigners, who fear that in talks with the US he will usher back all the bad bits of the failed TTIP trade talks between Washington and Brussels, from secret arbitration courts to chemically washed chicken and greater access to public sector contracts. ... [Read full article on Guardian ]
Saturday 22nd of July 2017 04:00:42 PM
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. The chancellor of the exchequer recently pointed out that public sector pay was superior to private sector pay because of the occupational pension accruing to long-time public sector workers (Chancellor urges restraint on public sector pay, 17 July). ... [Read full article on Guardian ]
Friday 21st of July 2017 05:14:02 PM
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....Miles SeckerHeckingtonLincolnshire. We should all be concerned about the crisis in vital parts of the public sector due to capped low pay. ... [Read full article on Guardian ]
Saturday 22nd of July 2017 11:05:00 PM
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Latest Finance News related to Public Sector

Second home owners are destroying rural economies | Letters image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:05:00 PM
....Miles SeckerHeckingtonLincolnshire. We should all be concerned about the crisis in vital parts of the public sector due to capped low pay. ...
The UK’s Brexit negotiators are powered by little more than hope image
Source : Guardian [Read Article] Saturday 22nd of July 2017 04:00:42 PM
....Its stance shows that business leaders have little faith in Fox establishing bridgeheads into the US, Japan and EU economies to facilitate trade. They are wary of what he is prepared to concede, as are anti-poverty campaigners, who fear that in talks with the US he will usher back all the bad bits of the failed TTIP trade talks between Washington and Brussels, from secret arbitration courts to chemically washed chicken and greater access to public sector contracts. ...
Your state pension in Dorset: £124,000. In Glasgow? £38,000 | Patrick Collinson image
.... The triple lock for today’s pensioners is inviolable. The vast final salary-based payouts of better-off public sector workers are untouchable. ...
The government has got it wrong on pensions | Letters image
Source : Guardian [Read Article] Friday 21st of July 2017 05:14:02 PM
. The chancellor of the exchequer recently pointed out that public sector pay was superior to private sector pay because of the occupational pension accruing to long-time public sector workers (Chancellor urges restraint on public sector pay, 17 July). ...
Budget deficit leaps as Brexit-fuelled inflation troubles Hammond image
Source : Guardian [Read Article] Friday 21st of July 2017 11:29:19 AM
....With a queue of government departments clamouring for inflation-busting rises in their funding before the autumn budget, the early signs are that Hammond will be reluctant to put extra cash on the table. The chancellor is under pressure to relax a pay cap on public sector workers and find extra resources to boost police and healthcare budgets. ...
The real cost of regeneration image
Source : Guardian [Read Article] Friday 21st of July 2017 05:00:09 AM
.... Under such deals, the local authority signs a contract with a private developer, which provides the upfront capital financing, and subsequent management of the asset. The public sector repays the developer in monthly instalments and, in residential developments, often with land and permission for private dwellings alongside the revamped social housing. ...
Why all women need to know what their colleagues earn image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:00:12 AM
....The great reveal of the salaries of the BBC’s highest-paid stars has, for the most part, been grim fun. Should we not cheer that public sector workers are paid so generously? And can Alan Shearer’s most obvious of observations really be worth up to £450,000 a year? How many Clare Baldings could you get for one Gary Lineker? (Nine. ...
HS2 cost concerns as NAO uncovers £2.7m in redundancy payouts image
Source : Guardian [Read Article] Wednesday 19th of July 2017 02:41:26 PM
....Joe Rukin, the Stop HS2 campaign manager, said it showed the project was “being run with a blatant disregard for taxpayers’ money”. He added: “At a time when we supposedly have no money for the public sector workers everyone knows we need, this is beyond disgraceful. ...
Cost of UK car insurance leaps 11% to record high image
Source : Guardian [Read Article] Monday 17th of July 2017 11:01:03 PM
....Just after the discount rate change the Office for Budget Responsibility said the government now had to set aside an extra £1. 2bn a year to meet the expected costs to the public sector – and it would push up car insurance premiums by about 10%. ...
HS2 contracts worth £6.6bn awarded by UK government image
Source : Guardian [Read Article] Monday 17th of July 2017 08:08:45 AM
.... Grayling dismissed the figure as “nonsense”. Asked about the decision to spend on infrastructure while there is a 1% cap on public sector pay, Grayling said: “That’s a very different issue because we are talking about capital investment over the next 15 years. ...
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
....Since 80% of firms have granted spouses’ benefits to gay couples already, Walker said, the impacts on private firms will be relatively modest. The Department for Work and Pensions, however, estimates it would cost £100m for the private sector and £20m for the public sector to deliver financial equality. ...
Globalisation: the rise and fall of an idea that swept the world image
Source : Guardian [Read Article] Friday 14th of July 2017 04:28:14 AM
.... The elections of Margaret Thatcher and Ronald Reagan were seminal, putting free-market radicals in charge of two of the world’s five biggest economies and ushering in an era of “hyperglobalisation”. In the new political climate, economies with large public sectors and strong governments within the global capitalist system were no longer seen as aids to the system’s functioning, but impediments to it. ...
The Tories have failed to fix the roof – and now storms are brewing | Larry Elliott image
....In the short term, Theresa May’s government eased up on the deficit reduction plan inherited from Cameron and saw the result of the election as evidence of “austerity” fatigue. The cost of the overnment’s survival – a £1bn package of financial support for Northern Ireland – has led to demands for higher spending in other areas, most notably public sector pay. ...
Chancellor needs to find an extra £33bn a year to end austerity, says IFS image
....“It would mean that over the next few years household incomes could be better supported and a greater quality and quantity of public services could be enjoyed. But it would also involve planning to live with elevated public sector debt for longer. ...
UK pay squeeze intensifies as real wages continue to fall image
Source : Guardian [Read Article] Wednesday 12th of July 2017 10:35:05 AM
....“Ministers must set out a plan to get real wages rising across the public and the private sectors. They should start by scrapping the unfair pay restrictions on nurses, midwives and other public sector workers. ...
Ending austerity means increasing taxes or deficit, warns thinktank image
Source : Guardian [Read Article] Saturday 8th of July 2017 07:00:02 AM
. Philip Hammond will have to rip up the government’s deficit reduction plan or increase taxes for most of the population if he decides to end seven years of austerity by sanctioning higher public sector pay, reversing welfare cuts and providing extra cash for Whitehall departments, a thinktank has said. ...
Low-paid workers need better job satisfaction, No 10 review will say image
....A 10-month review commissioned by the prime minister has identified a productivity crisis among the lowest paid workers particularly in sectors such as retail, care work and hospitality, and will urge the government to give the Low Pay Commission a new role to boost job satisfaction. Matthew Taylor, a former adviser to Tony Blair, is expected to say next week that the government needs to widen the focus of its industrial strategy to tackle falling productivity among the low paid – not least because many work in the public sector – as well as its current priority of high value, high tech export industries. ...
Family of four needs 'at least' £40,800 a year, says thinktank image
Source : Guardian [Read Article] Thursday 6th of July 2017 05:01:34 AM
....Frances O’Grady, general secretary of the TUC, said: “The government needs a proper plan to get wages rising. Ministers must stop holding down the pay of public sector workers, and give them their first proper pay rise in seven years. ...
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
. Theresa May raised the spectre of a Greek-style economic collapse if Britain fails to press ahead with tackling the deficit on Wednesday, as she was challenged repeatedly by Jeremy Corbyn over the public sector pay cap. ...
UK productivity falls to pre-crisis level image
Source : BBC [Read Article] Wednesday 5th of July 2017 02:16:37 PM
....5% in the first three months of the year takes the UK economy's ability to create wealth back below the level of 2007. If an economy cannot create wealth efficiently, then the debates about government spending, public sector pay and austerity become all the harder. ...
Public sector pay cap is matter for future budgets, says Grayling image
Source : Guardian [Read Article] Wednesday 5th of July 2017 07:56:11 AM
. Chris Grayling, the transport secretary, has dampened hopes of an imminent lifting of the 1% public sector pay cap for teachers, police and prison officers, saying the issue was a matter for future budgets. ...
Brexit fears trigger exodus of crucial EU health and social care workforce | Hélène Mulholland image
.... In 2016, 209,000 people working in the sector in the UK were EU nationals, up from 121,000 in 2009 – a rise of 72% – according to figures from the Office for National Statistics (ONS). But since the 2016 EU referendum, there are tentative signs that when it comes to public sector workers, the UK has lost some of its appeal as a place to live and work. ...
Hammond says UK must 'hold nerve' over public pay image
Source : BBC [Read Article] Tuesday 4th of July 2017 06:45:30 AM
....Government must "hold its nerve" in the face of calls for a "different path" of higher taxes and borrowing, he said. Mr Hammond is facing a growing chorus from within his own party for him to reconsider the 1% limit on increases in public sector salaries, which has been in place since 2012. ...
Horror stories told by central bankers will not end in an interest rate shock image
.... The present incumbent has managed two years before confirming it would be seeking some form of bailout, demanding that the Department for Transport renegotiate with preferential terms for the Stagecoach-Virgin partnership. The east coast line was reprivatised in 2015 after more than five years in the public sector. ...
'Tourism is our lifejacket': debt-stricken Greece gets record number of visitors image
.... I’m all for privatisation because it improves services. In a country like this, economically, it’s so difficult for the public sector to manage such facilities. ...
Jeremy Corbyn sacks three frontbenchers over single market vote image
Source : BBC [Read Article] Thursday 29th of June 2017 09:33:48 PM
.... . It called for Brexit to deliver the "exact same benefits" as the EU single market and customs union, as well as scrapping tuition fees, increasing public spending and ending the public sector pay cap. ...
Osborne gets job number six – an honorary professorship in Manchester image
Source : Guardian [Read Article] Thursday 29th of June 2017 11:40:34 AM
....As chancellor Osborne was an architect of austerity, the economic ideal that has come to define seven years of Conservative government. Leading economists including those from the IMF have warned that austerity policies, such as a slew of public sector cuts, can do more harm than good, an argument that has been picked up by the shadow chancellor, John McDonnell. ...
Risk of air accidents up after CAA cost-cutting, leaked report warns image
Source : Guardian [Read Article] Friday 23rd of June 2017 02:40:28 PM
.... The results helped to inform changes in how we organise our work and how we communicate within the organisation. “We have consistently protected frontline safety roles at a time when other parts of the public sector have had to undertake drastic cuts. ...
Athens: thousands of public-sector workers march against austerity image
Source : Guardian [Read Article] Thursday 22nd of June 2017 06:41:34 PM
. Greece has been hit by fresh strike action as thousands of public sector workers marched through Athens in protest against the debt-ridden country’s austerity programme. ...
UK budget deficit to increase this year amid living standards squeeze image
Source : Guardian [Read Article] Wednesday 21st of June 2017 10:49:47 AM
....The chancellor, Philip Hammond, revised the government’s pledge to bring down the deficit in his autumn statement last year when he set a target for a balanced budget by the middle of the next decade, rather than his predecessor’s forecast of 2020. The Office for Budget Responsibility, the Treasury’s independent forecaster, expects public sector net borrowing to increase this year and then resume its downward path. ...
How privatization could spell the end of democracy image
Source : Guardian [Read Article] Wednesday 21st of June 2017 08:00:25 AM
.... For years, they have advanced the argument that business will always perform a given task better than government, whether it’s running buses or schools, supplying healthcare or housing. The public sector is sclerotic, wasteful and undisciplined by the profit motive. ...
Philip Hammond under pressure to spend to lure voters back to Tories image
Source : Guardian [Read Article] Saturday 17th of June 2017 03:00:41 PM
.... Against this backdrop, some of the pressures on the chancellor include:. The praise for the emergency services for the way in which they responded to the Manchester Arena bombing, the Borough Market attacks and the fire last week in Grenfell Tower has made it much tougher for the government to stick to its 1% pay ceiling in the public sector. ...
UK car insurers saw losses of £3.5bn in 2016 due to new compensation rules image
....3m. However, the NHS and other parts of the public sector such as the armed forces are set to take an even bigger hit, of nearly £6bn. ...
The Guardian view on austerity economics: it failed | Editorial image
Source : Guardian [Read Article] Wednesday 14th of June 2017 07:07:26 PM
.... But saying austerity is dead is the easy bit. The hard part is to enact measures that would make the slogan meaningful, and that would require, for example, removing the cap on public sector pay awards, abandoning welfare cuts, doing a U-turn on the reduction in per-pupil spending in education and spending more on the health service. ...
Incomes squeeze denied May a landslide – now she must change course image
Source : Guardian [Read Article] Tuesday 13th of June 2017 01:06:01 PM
.... The government has recognised that voters are unhappy about falling living standards and have had enough of cuts. Deficit reduction will now play second fiddle to the need to raise real incomes, so expect a generous uplift in the minimum wage and an easing of curbs on public sector pay as signs that the age of austerity is over. ...
Britons feel the squeeze as inflation rises to four-year high of 2.9% image
Source : Guardian [Read Article] Tuesday 13th of June 2017 08:37:27 AM
....Tim Roache, the general secretary of the GMB union, said: “Too often there is more month than money left after pay day. Ending the public sector pay freeze and making sure all workers are paid a decent wage is an absolute must and it needs to be on the agenda for the Queen’s speech. ...
UK employers plan to keep hiring despite Brexit and slow growth image
Source : Guardian [Read Article] Tuesday 13th of June 2017 05:01:47 AM
....The recruitment firm highlighted stark contrasts between sectors. Manufacturers were most optimistic about hiring but the outlook for the public sector was far gloomier, with a majority of employers looking to cut jobs. ...
Bosses are right: political uncertainty will damage the economy | Nils Pratley image
....The forces pushing in the other direction look weak. The government could give the public sector a pay rise, for example, but that may not be enough to shift the dial on real incomes. ...
Bad EU trade deal 'disastrous' for UK jobs, investment and growth image
Source : Guardian [Read Article] Monday 12th of June 2017 01:07:11 PM
.... The markets recovered as it seemed that the Conservatives had reached a deal with the DUP, but on Sunday the status of that deal looked less clear cut. Figures out this week are expected to add further pressure on Theresa May as she fends off criticism of her plans to maintain cuts to government spending and restrict public sector pay. ...
Private schools to save £522m in tax thanks to charitable status image
Source : Guardian [Read Article] Sunday 11th of June 2017 05:06:19 PM
....Business rates have come under fire since an overhaul resulted in huge rises for schools and hospitals along with businesses in London and the south-east. The government promised £300m to ease through the reforms, but refused to alter the status of public sector organisations or review the charitable status of private schools. ...
Election 2017: What now for your finances? image
Source : BBC [Read Article] Friday 9th of June 2017 09:06:04 AM
.... These include Jobseeker's Allowance, Employment and Support Allowance, some types of housing benefit, and child benefit. There is also a cap on local housing allowance, limits to certain elements of tax credits, and a 1% pay rise cap for public sector workers until 2020 - all of which have proved unpopular among a large swathe of the electorate. ...
The Guardian view on the economy: invest for growth | Editorial image
Source : Guardian [Read Article] Tuesday 6th of June 2017 07:08:11 PM
.... Labour believes corporate leaders had their chance to invest and blew it. Under Labour, government-backed investments will be the priority via a dedicated bank, public sector housing developments and some expensive nationalisations. ...
EY report: Scottish economy 'stuck in slow lane' image
Source : BBC [Read Article] Monday 5th of June 2017 11:23:30 PM
....Dougie Adams, senior economic advisor to the EY Scottish Item Club, described the Scottish economy as being "stuck in the slow lane". He said: "As flagged in previous EY Scottish Item Club reports, one factor is the ending of the outsized contribution to GDP growth from construction as many of the big-ticket public sector-funded infrastructure projects near completion. ...
Let’s hope a hung parliament can halt the Brexit disaster image
Source : Guardian [Read Article] Sunday 4th of June 2017 05:59:15 AM
....Furthermore, the situation threatens to get a whole lot worse, as the service suffers from the thinly disguised racism behind Ukip’s conquest of the Conservative party – and May’s obsession with reducing immigration almost guarantees an impending recruitment crisis. Of course, the problems in the NHS are only the most publicised of the obstacles facing the public sector generally. ...
Shrinking tax base suggests personal allowance is generous enough image
Source : Guardian [Read Article] Thursday 1st of June 2017 07:03:03 PM
.... This would be a bigger story if more than 2% of the bank’s 3,600 staff were involved in the ballot, but they are not. Meanwhile, the GMB union is calling on more than one million of its members in London and the east of England to vote against the 1% pay rise that caps wage growth across the entire public sector. ...
Trade union membership has plunged to all-time low, says ONS image
Source : Guardian [Read Article] Thursday 1st of June 2017 10:43:25 AM
....2 million. Union leaders blamed the loss of “good-quality jobs”, cuts to the public sector workforce and the rise of the gig economy for the 4. ...
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%. ...
This election ignores the most pressing issue: our economic outlook is disastrous | Laura Gardiner image
....As well as the maths of spending plans, there are big questions around delivery. The Conservatives want to trim further fat off a public sector that’s been aggressively stripped in recent years. ...
'Workers are being punished by Brexit' – experts debate the data image
Source : Guardian [Read Article] Thursday 25th of May 2017 11:14:25 AM
.... The numbers in employment were up by over 120,000 in the first quarter of this year – the biggest quarterly increase since the EU referendum. Construction and private services are the main sectors generating jobs in the UK currently – while employment is flatlining in manufacturing and the public sector. ...
TUC urges government to help boost pay as debt nears record levels image
Source : Guardian [Read Article] Thursday 25th of May 2017 05:01:19 AM
....The TUC has urged the next government to take action to boost pay as it warned that borrowing to top up wages was poised to breach the record levels hit just before the financial crisis of a decade ago. Frances O’Grady, the TUC general secretary, expressed alarm at the steady increase in unsecured debt – which excludes mortgages – and called for a higher minimum wage and an end to the tough pay curbs in the public sector. ...
Government borrowing at three-year April high image
Source : BBC [Read Article] Tuesday 23rd of May 2017 09:24:08 AM
....Government borrowing was at its highest April level for three years, according to the latest figures from the Office for National Statistics (ONS). Public sector net borrowing, excluding public sector banks, was £10. ...
Adani royalty rate akin to 'rent free' period in Galilee Basin, Matt Canavan says image
....Canavan likened a reduction in royalties – the price of extracting Australian resources – to lease incentives regularly received by commonwealth departments such as “rent-free periods when they go into a new building”. “Commercial operators provide that all the time, to the private and public sector,” he told Radio National on Tuesday. ...
Fair shares? image
Source : BBC [Read Article] Sunday 21st of May 2017 12:04:00 AM
....". On the plus side, more than 80% of mothers work and Sweden leads the industrialised world in terms of public sector gender equality, according to the OECD; but Allbright's research shows the private sector - and the rapidly growing startup scene - is struggling to keep up. ...
National Grid boss says Labour plan will stall green energy drive image
Source : Guardian [Read Article] Thursday 18th of May 2017 05:00:40 PM
....Pettigrew, who joined National Grid shortly after it was privatised in 1990, said the costs of transmitting power across the UK had come down 40% since public ownership. Private companies would be better suited than the public sector to paying the £230bn-£462bn annual investment needed globally to switch to clean energy, he claimed, citing a figure from a recent report. ...
Unemployment is at its lowest since 1975, so why do people feel worse off? | Larry Elliott image
.... It is unprecedented for record levels of employment to coincide with the workforce getting poorer. One reason for the weakness of earnings growth is the ferocious squeeze on public sector pay, which – stripped of bonus payments – is rising at just 1. ...
General election 2017: Lib Dems promise £100-a-week for entrepreneurs' living costs image
....The party has already said it wants to do more to encourage shared parenting and promote work-life balance by offering new fathers an extra month of paid paternity leave. On Monday, the Lib Dems outlined plans to abolish the pay cap on the public sector, which limits pay rises for staff in schools and hospitals to 1% per year until 2020, and to boost spending on policing. ...
Reality Check: What's been going on with pay? image
Source : BBC [Read Article] Monday 15th of May 2017 02:49:56 PM
....But all of these figures are based on averages, which do not help with the experiences of different areas and sectors of the country. Many workers in the public sector have had pay increases capped at 1%, which has generally been below the rate of inflation. ...
General election 2017: Workers' rights protections promised by Tories image
....GMB general secretary Tim Roache said achieving the greatest expansion of workers' rights by a Conservative government "wouldn't be that hard to achieve given recent history". He called for an end to the squeeze on public sector pay and to the "wide scale abuse" of agency contracts. ...
General election 2017: Lib Dems would end public sector pay squeeze image
....Nurses and teachers could be £780 better off by 2021 as part of Lib Dem plans to help struggling workers. The party wants to abolish the pay cap on the public sector, which limits pay rises for staff in schools and hospitals to 1% per year until 2020. ...
Is Labour's manifesto living in fantasy land? Quite the opposite | Larry Elliott image
.... Fantasy Island, as the title suggests, was not exactly flattering about Britain’s departing PM. It painted a picture of Britain as mired in debt, where the public sector was on the brink of meltdown, where the country was trying to play the part of world policeman on the cheap, and where the growing size of the trade deficit exposed the perils of allowing manufacturing to shrivel. ...
BT deserves credit – clawing back boss's bonus is common sense | Nils Pratley image
....The smack of firm governance will give BT’s shareholders some comfort as they assess a year in which almost the only bright spot was the clean integration of mobile operator EE. The public sector market was weak, the global services division needs a job-cutting overhaul, and the TV business ended the year with a “soft” quarter. ...
BT chief's pay package slashed by £4m over Italian accounting scandal image
.... “Although good progress has been made in a number of areas, unfortunately our performance has been significantly affected by the accounting irregularities in our Italian business, the issues that arose in Openreach . the significant challenges we faced in the UK public sector and international corporate markets. ...
UK pay growth outlook is 'among gloomiest in advanced economies' image
Source : Guardian [Read Article] Tuesday 9th of May 2017 11:01:04 PM
.... And now even more pain is on the horizon,” she said. O’Grady also called for an end to public sector pay restrictions after warnings earlier this week from hospital bosses that NHS staff are quitting to stack shelves in supermarkets instead of caring for patients because they are so demoralised by years of getting pay rises of only 1% or nothing. ...
UK firms struggle to find employees – even before Brexit bites image
Source : Guardian [Read Article] Tuesday 9th of May 2017 05:01:52 AM
....The report was compiled for REC by the consultancy IHS Markit using data from a panel of 400 recruitment firms. It showed demand for staff rose sharply across the private sector in April, but declined across the public sector. ...
New rules spark sharp rise in health and safety fines image
Source : BBC [Read Article] Monday 8th of May 2017 03:43:11 PM
.... . BLM said that as a sector construction had paid the most in fines, followed by manufacturing, leisure, logistics and transport, industrials and the public sector. ...
Macronomics image
Source : BBC [Read Article] Monday 8th of May 2017 07:46:22 AM
'Your job is affecting your health and relationships' – our work expert responds image
.... Pricklygirl. • Try a public sector role for one of the Defra agencies, eg Natural England or the Environment Agency. ...
Scaling success image
Source : BBC [Read Article] Tuesday 2nd of May 2017 11:15:46 PM
....He points out that producers have worked hard alongside the SSPO and the Scottish Food and Drink trade body to promote the fish. The public sector's contribution has been significant too, through Scottish Development International, the government agency that promotes exports. ...
Greece will avoid default after bailout deal – but faces more austerity image
....6bn or 2% of gross domestic product. “It will be a very hot spring,” Odysseus Trivalas, acting president of the union of public sector employees, told the Guardian. ...
Theresa May promised to tackle greedy bosses – instead she’s helping them | Polly Toynbee image
....Nothing in the government’s election campaign so far suggests remedies for the great social dysfunctions May listed in her first speech. Top pay in itself is only an emblem of a deeper malaise, with the Institute for Fiscal Studies warning that May’s regime is set to cause inequality to rise as steeply as it did under Margaret Thatcher, with wages stagnant or falling, benefits cut and public sector pay dropping by 12%. ...

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