Boris Johnson social care changes dubbed ‘working-class dementia tax’ by Keir Starmer Politics The prime minister was accused of launching a “working-class dementia tax” by Sir Keir Starmer in the Commons yesterday, following changes to social care. The accusations came after Boris Johnson announced changes earlier this week to his social care policy which will see older, less well-off people face costs of up to £86,000 for their [...]
How boosting social mobility can broaden the talent pipeline City Talk New research backs up the importance of higher education in boosting social mobility and broadening the talent pipeline. Anna Melville-James hears how the ICAS Foundation is playing its part. This article first appeared in ICAS’ CA magazine. Education is a key factor in social mobility. It has the power to change lives and liberate potential. Recent [...]
PwC: 80 per cent of Big Four’s staff hail from higher socio-economic class PwC: 80 per cent of Big Four’s staff hail from higher socio-economic class Less than 15 per cent of the Big Four’s workforce come from a lower socio-economic background, according to data published by the accountant for the first time today. Staff from a higher socio-economic background, on the other hand, make up over four-fifths of the workforce at PwC UK, which was named the top employer for [...]
PwC to reveal pay gap between employees from different social classes September 13, 2021 PwC will publish data about the pay gap between its employees of different socio-economic backgrounds, the Big Four firm has reportedly said. The details, which will be published this week, will mark the first time the accounting giant makes such information public according to This is Money, which first reported the news. The pay gap [...]
Saturday essay: It’s easy to hate social media, to truly make it work we need to learn to love it July 3, 2021 It’s fashionable to be irrationally critical of social media. Almost every policy relating to social media serves to restrain, rather than nurture it. The image of online platforms, amongst politicos and policymakers, is often that it is nothing more than an inflammatory cesspit of trolls and creeps who debase every conversation with racist and sexist [...]
Social mobility could be the next hot-button issue – and smart firms would be wise to act now February 10, 2021 Here’s a game for your next tedious Zoom meeting. Take a look at those attentively nodding heads and ask yourself: how many went to an ordinary school? By ordinary I don’t mean a comprehensive so exceptional that the local estate agents memorise its catchment area. I mean the rest. The average to poor ones. The [...]
Exclusive: Londoners take out 133 per cent more payday loans to cover Christmas this year December 4, 2020 Pressure on households to overspend this Christmas is increasingly making Londoners resort to payday loans to cover the costs of the festive period. Payday loans in London are set to increase by 133 per cent as households struggle to cover the costs of the holidays, according to the findings of a survey that pan-European credit [...]
UK has ‘significant’ ethnic wealth gaps, latest data suggest November 27, 2020 Wealth in the UK is divided along ethnic lines, the latest data from the Office for National Statistics suggest. White British headed households were the wealthiest ethnic group, according to data collected between 2016 and 2018. White households had a median net worth of nine times that of Black African households, the least wealthy ethnic [...]
Social responsibility belongs in the boardroom, not the marketing suite July 23, 2020 The issues that concern young people the most today — from the climate crisis and global pandemic to new conversations on race and privilege — are ones that also belong in the boardroom. Our world is changing fast, and so too are society’s expectations of corporate Britain — not just when it comes to the [...]
The sweetest thing: Ben & Jerry’s CEO on why businesses need a higher purpose January 13, 2020 What is the purpose of business? Should companies focus purely on selling their products and making money for their shareholders, or do they have a responsibility to give something back to the planet and try to do good? It’s a pertinent question, and one that has become increasingly relevant over the last decade. Nor is [...]