Job growth in London storms ahead of UK average, but introduction of National Living Wage could see employers in sectors with lower wages relying on younger workers or cutting jobs March 8, 2016 Demand for jobs across the UK is at the strongest it has been in years, with London racing out in front, according to a report out today. The study by ManpowerGroup pegged the net employment outlook – the proportion of employers who plan to hire staff less the proportion who plan to reduce their workforce – for the [...]
Why Facebook’s recent decision to pay more tax shows how flawed the system of corporation tax really is March 7, 2016 How glad should we be that Facebook is now going to book sales through its UK subsidiary rather than its Irish one, increasing its tax liability? Probably not very. The next time we find out how much UK corporation tax Facebook paid, the odds that “fair tax” campaigners will be satisfied are about as long [...]
Social mobility in the City: Almost one in ten Deloitte staff members received free school meals, as Big Four firm reveals the socio-economic and educational background of its staff March 7, 2016 Big Four accountancy firm Deloitte has today published the socio-economic and educational background information for its staff in a bid to improve social mobility. Findings from the data include that almost one in ten (nine per cent) staff members received free meals while at school and more than half (51 per cent) were the first in [...]
UK productivity puzzle: Here’s how much more the UK would make if we were as productive as the rest of the G7 March 7, 2016 Sluggish productivity could be costing the UK nearly £500bn, as the country continues to tail behind most of its G7 counterparts, figures out today have found. According to the study by Grant Thornton, UK GVA could be boosted by £479bn by 2025 if workers' productivity across the country matched the G7 average. According to figures released [...]
UK pensions: As people start living longer, increased competition in pensions de-risking will lead to more small-sized deals in 2016 March 7, 2016 NULL
Helping more women into the workplace could net the UK £170bn in economic benefits, and boosting digital skills could help us achieve equality earlier March 7, 2016 Supporting women in the workplace is about more than fairness, as a report out today has discovered it could also drastically boost the UK's finances. According to the study by accountancy giant PwC, if the UK was as good as getting women working as Sweden, which is the highest-performing country for helping women into work, [...]
Employees’ lack of cyber security knowledge is putting companies at risk, with just a quarter of companies feeling their training has been “very effective” at altering workers’ behaviour March 7, 2016 Companies are failing to bolster their employees' cyber security knowledge, putting their data and their reputation at risk. Research released today by Axelos – a joint venture of the UK government and professional services giant Capita – has found that organisations are underestimating what impact their staff's lack of knowledge can have on the safety of their systems, [...]
Insuring the whole world’s population would cost just $190 trillion, which we now know thanks to advances in cloud technology March 7, 2016 The cost of insuring 7.3bn people might be less than you think, according to figures out today by Willis Towers Watson. The insurance giant has calculated that it would cost just $190 trillion (£133.5 trillion), or roughly 2.5 times the world's GDP, to provide everybody on the face of the Earth with a $100,000 whole-of-life insurance policy. [...]
Metro Bank achieves £400m equity capital target, ahead of float on London Stock Exchange under MTRO ticker with £20 per share offer price March 4, 2016 Challenger bank Metro Bank has today announced that it has reached its target of raising £400m equity capital. The bank, which was founded in 2010 and opened its first store in Holborn, intends to have a so-called introduction to the London Stock Exchange on Monday, meaning it will float without a public sale under the ticker MTRO. "From a [...]
