Labour Market

Mar- 2022 -

17 March

BoE raises interest rates to 0.75%

The Bank of England has raised interest rates back to the pre-pandemic level of 0.75% as it tries to mitigate the effect of the rising costs of living and the impact that the conflict in Ukraine is having on the global economy. The Monetary Policy Committee (MPC) voted with a…

Sep- 2020 -

24 September

Coronavirus

Chancellor unveils new Job Support Scheme

The chancellor has today announced a new Jobs Support Scheme that will see the government “directly support” the wages of those in part-time work. The scheme, which will run for six months starting this November, will see the government attempt to preserve “viable” jobs by subsidising the pay of employees…

Mar- 2020 -

30 March

Government & Legislation

The minimum wage increase is about to hit – and it beggars belief

As if to bang the final nail into the coffin himself, we can only assume the Treasury’s top man, chancellor Rishi Sunak, refuses to give ground on the next wave to crash over the retail and hospitality industries. I am talking of course about the increase in the National Minimum…

Mar- 2017 -

8 March

Current Affairs

Budget announced: Self employed face insurance hike

Self employed workers will face an increase in National Insurance contributions, the Chancellor Philip Hammond has announced. ‘The self-employed were the biggest losers’, according to IPSE, an organisation representing self-employed and professional freelancers and contractors. There will be a 2 percent increase for self-empoloyed National Insurance Contributions by 2018, and the…

Oct- 2016 -

27 October

Current Affairs

Under 20% of autistic adults are employed full time

Just 16 percent of autistic adults are in full time work, according to The National Autistic Society. New research reveals that this figure has remained the same for the last decade. The charity feels it is time to change. The charity states: “We’re calling on the Government to tackle the…

Jul- 2016 -

11 July

Current Affairs

National Living Wage cut profits rather than jobs

Instead of cutting jobs, employers responded to the National Living Wage (NLW) by raising prices or reducing profits, according to a new report by the Resolution Foundation. The report considers both the initial impact of the NLW and its longer term prospects in the wake of the UK’s decision to leave the…