RBS pays 10 bosses shares, not bonuses, worth £3.5m August 12, 2014 RBS is set to pay 10 top executives a combined total of £3.5m in a move that avoids the strict EU rules on bonuses. The executive to receive the largest number of shares was Rory Cullinan, the head of RBS's 'bad bank'. Cullinan received 154,241 stocks, which, priced at 346 pence each, meant a total of [...]
Here are 600 properties Mark Simmonds can afford in London, despite resigning because £120,000 MP salary is not enough August 12, 2014 The Conservative MP and Foreign Office minister Mark Simmonds resigned yesterday, telling the BBC that pay for MPs was not enough for him to spend time with his family in the capital. He said the “intolerable” situation was due to the lack of financial support for MPs which he claims is not enough to rent [...]
UK leads western Europe for self-employment August 12, 2014 When it comes an increase in the number of people who are self-employed, the UK is now ahead of its western European neighbours, according to think tank IPPR. Britain has experienced a rapid growth in its workforce over the past year, with net job creation exceeding 900,000 in the 12 months to April 2014, [...]
City wages up as UK recovery boosts hiring August 3, 2014 Salaries in the finance sector are rising at more than seven times the national average, according to a survey of recruiters published today. Engineers and IT professionals are also in high demand, the study from the Association of Professional Staffing Companies (APSCO) shows. Overall, recruiters have 20 per cent more jobs on their books than they did [...]
UK employment in graphs: Unemployment rate falls again but no boost in real wages July 16, 2014 The UK labour market continues its recovery, with today's figures showing the unemployment rate is the lowest it has been since late 2008. As today's figures from the Office of National Statistics show, the employment rate continued to surge, reaching 73.1 per cent for the three months to May. This is slightly higher than the pre-downturn [...]
Chief executives earn almost 180 times the UK’s average salary July 14, 2014 The average annual salary of a top chief executive is now almost 180 times greater than the average annual salary for the UK, according to a report by the think tank High Pay Centre. Called Reform Agenda: How to make top pay fairer, it uses data from Manifest aand the Office for National Statistics [...]
Salaries slump further than UK officials believe July 9, 2014 The squeeze on British earnings since the financial crisis could be even worse than official figures indicate, according to a concerning report released this morning. The Resolution Foundation suggests that official measures underestimate the slump in real incomes since 2008 by a fifth, since they do not take into account the boom in self-employed [...]
Massive surge in salary increases contradicts government figures July 7, 2014 New salaries are surging, according to a major survey of recruiters, clashing with the government’s official measure of wage growth and providing an uncertain signal on when interest rates will start to rise. The latest figures from the Recruitment and Employment Confederation (REC) and KPMG’s survey show starting salaries climbing at the fastest pace in [...]
Job openings rise by 25 pc, but salaries stagnant July 2, 2014 The last six months may have seen a significant rise in the number of jobs created, if figures from job site Reed are anything to go by. Reed is reporting a 25 per cent year-on-year rise in the number of vacancies across its platform in the six months to 30 June. The increase in jobs [...]
More than 330 Bank of England staffers are paid £100k or more. Here’s how their salaries break down June 17, 2014 Central banking may be more lucrative than you think. According to the Bank of England's 2014 annual report, hundreds of staff are on six-figure salaries. The Bank's most well known names all seem to make the list. Bank governor Mark Carney is on annual salary of £320,000, with a total remuneration package of £586,010. Including [...]