Shares in Pets at Home slide as it warns of living wage cost November 24, 2015 Shares in Pets at Home closed down 2.3 per cent after the company warned of higher costs due to the introduction of the National Living Wage next year. The company, which has 405 shops as well as 353 veterinary practices and 191 grooming salons, said George Osborne's new wage of £7.20 per hour, which is being [...]
Nearly half of Brits would squander their wealth to make sure they qualify for council care cost coverage in their old age November 23, 2015 Almost half (43 per cent) of people would be willing to deliberately deplete their assets to make sure their council pays for their care in old age, according to figures released today from specialist insurer Partnership. By comparison, less than a quarter (23 per cent) said they would be prepared to do the same when asked [...]
George Osborne’s National Living Wage will make it harder to hire, say 77 per cent of UK’s small and medium-sized businesses November 19, 2015 More than two-thirds of small businesses in the UK say the introduction of the living wage will impact their ability to hire. Britain’s SMEs say they are already struggling to find staff, and 77 per cent fear the living wage will make it harder, according to research from job site Indeed. The National Living Wage [...]
July Budget 2015 measures have boosted people’s incentive to work, despite proposals to cut in-work tax credits – Institute for Fiscal Studies November 19, 2015 Measures announced in the July Budget strengthened the incentive to work, despite the proposed in-work tax credits cuts, according to a study released today by the Institute for Fiscal Studies (IFS). The report found that the complete package of changes, which included raising the personal allowance for income tax and introducing the National Living Wage, has [...]
Poundland’s share price plummets as profits slump against “exceptional period last year” while 99p Stores conversion begins November 19, 2015 Poundland's share price plummeted more than 20 per cent this morning as it revealed a slump in first year profits. The figures Poundland's total sales rose 5.6 per cent on a constant currency basis, but like-for-likes were down 2.8 per cent. However it was the EBITDA and pre-tax profits that really took a hit, with [...]
National Living Wage: Here’s how companies are planning to deal with the extra costs to business November 18, 2015 NULL
National Living Wage: Here’s how companies are planning to deal with the extra costs to business November 18, 2015 NULL
National Living Wage: More than half of employers to feel rising wages’ impact, causing a third to vow to improve productivity levels November 18, 2015 More than half (54 per cent) of employers predict the introduction of National Living Wage will affect their staffing bill, according to research released today by the Chartered Institute of Personnel and Development (CIPD) and think tank the Resolution Foundation. In the survey of 1,037 employers, nearly one in five (18 per cent) said the [...]
Law Society recommends minimum salary for trainee solicitors based on combination of living wage and training course fees November 11, 2015 The Law Society has today recommended those hiring solicitors on a training contract should pay a minimum salary of £20,276 in London and £18,183 outside of London. The representative body for legal eagles based their calculation on a combination of the living wage, set by the Living Wage foundation at £9.40 per hour in London [...]
Work and Pensions Committee pressure chancellor George Osborne to delay tax credit cuts for a year November 11, 2015 A group of influential Members of Parliament, including six Conservatives, have called on chancellor George Osborne to delay cutting tax credits. The Work and Pensions Select Committee today published a unanimous cross-party report calling on the government to "pause for a year and plan for a major overhaul of the tax credit system". Read more: Osborne's "rhetoric [...]