Hammond to consult businesses and unions on minimum wage amid reports of planned ‘significant increase’ May 5, 2019 Philip Hammond will hold a roundtable next week to discuss how to fight low pay, after reports he is looking at a significant increase to the minimum wage. Read more: Our people are our City, so step up and commit to the London Living Wage Sources close to the issue told the Observer he was [...]
Casual staff set for first payslips as government plan comes into force April 8, 2019 Nearly 300,000 workers will be handed their first payslips under new plans, the government has said. Staff on casual and zero-hours contracts will now get a payslip to serve as a safeguard against unscrupulous or mistake-prone employers. Read more: Millions set for pay rise as tax thresholds and minimum wages increase The new legislation will [...]
Millions set for pay rise as tax thresholds and minimum wages increase April 6, 2019 More than two million people are set for a pay rise as the national living wage and minimum wage thresholds increase, the Treasury has claimed. The national living wage is increasing from £7.83 to £8.21, which equates to around £690 per year and will affect 1.8m people. Read more: Osborne tax breaks for multinational firms [...]
Experts urge government to emphasise low-wage sectors in industrial strategy March 14, 2019 | City Talk The United Kingdom’s national productivity – which has remained relatively stagnant for almost a decade – could be substantially improved with increased government focus on productivity in low-wage sectors. This is the central tenet of a chapter, co-authored by Cass Business School academic John Forth, in the e-book What we really mean when we talk [...]
One in 10 high street shops lie empty as retailers face spring reckoning February 10, 2019 The extent of the crisis facing UK retailers was laid bare this morning after new figures revealed one in 10 high street shops lie empty, while a string of upcoming cost increases could deal a death blow to struggling stores in the spring. Rising taxes and a shift to online shopping have ravaged British high [...]
McColl’s shares plunge on profit warning December 3, 2018 Convenience store chain McColl’s today cut its profit forecast for the year, sending its shares tumbling more than 20 per cent. McColl’s cut its adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) for the 2018 financial year to £35m, down from a previous estimate of £44m. The business blamed the profit cut on disruption [...]
Workers in the capital deserve to be paid the London Living Wage November 9, 2018 Few people would disagree that if you get up, go to work every day, and put in the hard graft, then you deserve to earn an income you can live off. And yet, nearly a fifth of all jobs in our city do not pay a subsistence wage, leaving hundreds of thousands of Londoners struggling [...]
German budget supermarket chain Lidl boosts wages for UK employees November 6, 2018 German budget supermarket Lidl will boost wages for thousands of its workers in the UK, it said yesterday. Lidl said entry-level wages will increase from £8.75 an hour to £9 an hour outside of London and from £10.20 to £10.55 an hour within the capital. The increase will come into effect from 1 March next year, [...]
Employers prepare to hand 180,000 workers a pay rise as real living wage increases November 5, 2018 Over a third of FTSE 100 companies are set to hand workers a pay rise this week as the real living wage rises to £9 an hour, an increase of 25p on the hourly rate. At least 180,000 staff and sub-contractors will receive the salary boost, which in London will rise by 35p to £10.55 an hour. The [...]
Corbyn’s tipping tirade lays bare his anti-business agenda November 1, 2018 Jeremy Corbyn has had another brainwave. The Labour leader wants to make it illegal for businesses to “pocket” tips and optional service charges. Some restaurants and hospitality firms currently collectivise what we add to our bills or give to waiters and waitresses. They might directly pool tips to redistribute them through a common fund system [...]