More than 350 UK firms ‘named and shamed’ over low pay
Hundreds of companies in the UK have been paying staff below the national minimum wage or the national living wage, the UK Government revealed on Wednesday. Debenhams, Subway, Lloyds Pharmacy…
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Business leaders reject proposed executive pay reforms
Prime Minister Theresa May has been urged to rethink her approach to reform of corporate pay and governance in the UK, just days after backtracking on proposals for worker representation…
Businesses put off investment after Brexit vote
A new study suggests that one third of British businesses have scaled back their plans for investment since the UK’s referendum on European Union membership. Hitachi Capital and the Centre…
Poorer households set to lose £100/year as UK inflation jumps to 1%
Rising prices for clothing, hotel stays and motor fuels contributed to an increase in the UK’s inflation rate last month, the Office for National Statistics (ONS) said on Tuesday. The…
Business leaders object to proposed crackdown on foreign workers
Business groups reacted angrily this week to reports of a crackdown on foreign workers in the UK. Home Secretary Amber Rudd told the Conservative Party conference that a tightening of…
Co-op Group profit falls after investment, pay rises and price cuts
Profit has fallen at the Co-op Group as it continues to invest in a three-year turnaround of the business. The Co-op reported on Friday that its profit before tax for…
Brexit vote has had ‘no major effect’ on UK economy
The UK’s vote to leave the European Union has had little impact on the country’s economy so far, according to a new assessment by the Office for National Statistics (ONS).…
Record bonuses paid to UK employees — but are they fair?
New figures show that UK firms paid a record £44.3bn in bonuses in the last financial year, an increase of 4.4% from the previous year. Bonus payouts have surpassed the…
With GDP growth slowing, UK faces ‘elevated’ risk of recession
Although recent business surveys have shown signs of growth in the UK economy, the country still faces a significant chance of a recession by the end of next year, the…
Government urged not to ‘backslide’ on National Living Wage
The UK government should stick to its policy on the ?National Living Wage? (NLW), a think-tank said on Wednesday. The Resolution Foundation warned that limiting planned increases to the hourly…
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