Business predicts 2015: UK wages to rise, Eurozone will avoid deflation and HS2 could be scrapped January 1, 2015 If 2014 was eventful in business, politics and the economy, this year is sure to prove just as eventful. A UK general election, geopolitical crisis, Eurozone woes and candidates putting themselves forward for the race to the White House will leave no shortage of news. With this in mind the influential business group the Institute [...]
Network Rail chief Mark Carne turns down bonus after “unacceptable” engineering delays caused “misery” for passengers December 30, 2014 Network Rail chief executive Mark Carne has said he will not take his bonus, after the travel chaos that erupted after engineering works overran this Christmas. Carne stood to receive a £34,000 performance-related bonus on top of his £675,000 a year salary. But in light of the huge disruption at King’s Cross and Paddington – [...]
UK wage growth will struggle until 2016, says Chartered Institute of Personnel and Development December 30, 2014 Anyone hoping for a significant increase in their pay packet next year could be disappointed, according to new research from the Chartered Institute of Personnel and Development (CIPD). The human resources organisation said employers finding it easier to find and keep staff will hold back wage growth until 2016. While wages should still grow between one [...]
Where can you earn the most money in the UK? Pay in London is much higher than any other part of the country December 28, 2014 It pays to be a Londoner – there are more jobs available in the capital than in any other part of the UK, and the average annual wage is much higher. In fact, Londoners earn over £10,000 more (on average) than people in most cities. According to data released by the Office for National Statistics [...]
Where could you buy a house for your salary in the UK? Use our property price calculator to find out how much real estate you can afford December 23, 2014 Click on the buttons in the top right to reveal the layers Inside every Briton is a property investor trying to get out. Our neighbours in continental Europe love to rent, but an English person’s home is his or her castle. There is just one barrier to this dream of home-ownership: house prices have risen [...]
Senior level City staff expect 21pc boost to their bonuses December 22, 2014 City workers are feeling more confident about receiving higher bonuses this year, despite several top firms suffering a shareholder backlash over excessive pay and concerns over the EU bonus cap which comes into force next year. Most senior staff expect to see their bonuses increase by 21 per cent for 2014, according to research released [...]
Rising wages and falling inflation boost workers December 17, 2014 Wages continued to beat inflation in the year to October, official figures revealed yesterday. Regular pay (excluding bonuses) was 1.6 per cent higher in the three months to October than the same period a year ago, according to the Office for National Statistics. Inflation as measured by annual growth in the consumer price index was [...]
Five charts that sum up the latest UK wage growth and unemployment report December 17, 2014 Unemployment is down again, but the real news is that wages sneaked above inflation in October, back when inflation was up at 1.3 per cent. According to data from the Office for National Statistics, both regular wages and wages including bonuses were rising above inflation, at 1.6 and 1.4 per cent respectively. This is a [...]
UK unemployment sticks at its lowest level in six years as wage growth accelerates to 1.6 per cent December 17, 2014 Is this a Christmas miracle? After six years of decidedly lacklustre wage growth, the Office for National Statistics' final labour report of the year has shown wage growth is finally beginning to pick up some speed. According to the figures, published this morning, growth in wages excluding bonuses hit 1.6 per cent in the quarter [...]
Ally McCoist resigns: Salary to increase to £750,000 as manager serves 12 month notice period December 15, 2014 Rangers Football Club has confirmed to potential investors that manager Ally McCoist has resigned and is serving 12 months' notice. During the notice period, the Rangers manager since 2011 will see his salary increase to £750,000 per year. McCoist’s contract with the club includes the 12-month notice period, but Rangers said in a [...]