Founder Favourites: Richard Farleigh on what playing chess, investing and starting a business have in common
MPs call for debate on closing “loopholes” in national living wage legislation October 16, 2016 A group of Conservative and Labour MPs are calling for a debate on the national living wage to discuss how its implementation by businesses is "against the spirit of the law". Thirty-one MPs are looking to debate the issue on 4 November, during Living Wage week, City A.M. understands. Read more: M&S shells out £100m for [...]
Employees take Tesco to court over pay cuts October 16, 2016 Tesco employees are taking the retailer to court after it cut their pay. A group of 17 workers are fighting Tesco's decision to reduce their pay on weekends, bank holidays and evenings. Law firm Leigh Day has contacted Tesco to ask how many employees are affected, but have estimated that 50,000 staff face a pay cut. [...]
M&S pay row: Marks and Spencer faces £100m bill for pension changes and payments to cushion pay cut pain October 14, 2016 Marks and Spencer is making a payout of at least £100m to its employees to cushion the pain of the pay cuts and as part of pension changes it is introducing for shop staff. The retailer is cutting benefits to shop staff such as premium pay on Sunday and Bank Holidays following the introduction of the [...]
Higher taxes and more debt are the only alternatives to real state pension reform October 13, 2016 Engineering an exit from the European Union will be the most significant administrative challenge faced by Whitehall since the Second World War. But ministers must resist the temptation to put the public service reform agenda on the backburner. The economic uncertainty created by June’s referendum means that driving efficiency is now more important than ever. [...]
Avoid a staff gaffe: Take on top talent the easy way October 13, 2016 In spite of the most pessimistic predictions about UK business post-Brexit, our unemployment rate continues to fall far quicker than the rest of the EU, with some 31.77m people in work at last count – 559,000 more than a year earlier. The warnings of businesses cutting their workforce back have so far been proven wrong and [...]
Avoid a staff gaffe: Take on top talent the easy way October 13, 2016 In spite of the most pessimistic predictions about UK business post-Brexit, our unemployment rate continues to fall far quicker than the rest of the EU, with some 31.77m people in work at last count – 559,000 more than a year earlier. The warnings of businesses cutting their workforce back have so far been proven wrong [...]
National living wage pushes tens of thousands of companies into financial distress October 11, 2016 Nearly 100,000 businesses have been pushed into financial distress due to the introduction of the national living wage six months ago. According to data from insolvency firm Begbies Traynor, 97,342 firms impacted by the introduction of the national living wage are now struggling financially, an increase of 23 per cent since the legislation came into [...]
These are the 10 most and least affordable London boroughs for buyers on an average annual wage October 8, 2016 London may have fallen out of the UK's top three regions for house price growth, but gaining a foothold on the capital's property ladder is still out of the range of many first-time buyers – and is unlikely to change anytime soon. The average London house price is 14 times higher than the average annual wage [...]
May’s big concessions to the Left risk returning the UK to the corporatist mess of the 70s October 5, 2016 Theresa May is an accidental Prime Minister. She is in Downing Street because David Cameron broke his word to the electorate and ducked out, while her rivals totally misjudged the situation. But she is certainly making the most of her position to attempt to reengineer the Conservative brand. Yesterday’s conference speech set out the stall. A [...]
The new centre ground: The full text of Theresa May’s Conservative Party conference speech October 5, 2016 In the speech which closed the Conservative Party conference, Theresa May spoke of a country in transition, and new opportunities. The full 7,600 words is below – although if you'd rather a cut-down version, her best quotes are here – or you can read how businesses reacted. The new centre ground: May's speech in full When [...]