Demand by global businesses for London office space remains high

Demand by global businesses for London office space remains high

Demand for commercial office space in London by global businesses remains strongOffice investment volume in Central London in 2018 is expected to come close to £20 billion, despite the ongoing economic and political uncertainties of Brexit. According to Savills London witnessed notably above average levels of office take-up in 2018 and achieved the best ever City of London rent (£80 per sq ft). The list of global businesses committing to long term leases has continued to grow with announcements in the last 12 months from Facebook, LinkedIn and Sidley Austin. The constrained development pipeline has seen more office pre-lets over 50,000 sq ft agreed in 2018 than ever before, while a shortage of available Grade A options has matured into a greater number of development opportunities. Savills also predicts a greater number of value-add and development opportunities coming to the market and that trading in London will insure the ongoing creation of the world’s best office buildings in a city where people will continue to want to work. This in turn creates new investment opportunities for global investors searching for prime assets.

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More than half of UK ethnic minority citizens believe Brexit will stifle their career

More than half of UK ethnic minority citizens believe Brexit will stifle their career

More than half of UK ethnic minority citizens believe Brexit will stifle their careers

Over half (52 percent) of Black, Asian, and Minority Ethnics (BAME) believe that Brexit will negatively impact their career progression compared to only 16 percent of non-BAME. This is according to a new survey commissioned by the Equality Group, an organisation that helps companies attract, retain and develop diverse talent that focuses on diversity and equality within business. Following the referendum in 2016 and the UK’s consequent departure from the European Union, tensions surrounding ‘Britishness’ and what it means to be British reached unprecedented lengths. In May this year, experts from the United Nations expressed concerns regarding the fact that racism and religious intolerance has, in the wake of Brexit, become increasingly acceptable in Britain. Whilst it is possible to statistically monitor the rise in racially motivated hate crimes, of which there was a 40 percent rise (July 2015- 16) succeeding the UK’s decision to leave the EU, monitoring racial discrimination within businesses is a lot more difficult. With this societal and political shift, the report looks at the impact Brexit, with its focus on immigration and the rights to work within the UK, has had on the workers from the BAME community.

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Cyber security fears as employees and ex staff able to access sensitive company data

Cyber security fears as employees and ex staff able to access sensitive company data

Cyber security fears as office workers given unfettered access to sensitive company dataHuge numbers of employees have or have had access to mission critical company systems which should be reserved only for staff that require it, claims a new study by CyberArk. Specifically, it found that almost half (48 percent) of employees have or have had access to sensitive financial documents; 46 percent to confidential HR information; nearly a third (29 percent) have or have had direct access to company bank account and over a third (37 percent) access to research and development plans or blueprints for new products/services. Credential theft remains the most common and effective route to a successful cyber-attack.

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Government continues with massive reduction in size of public sector estate

Government continues with massive reduction in size of public sector estate

Work to reduce the UK government estate has seen its size fall by 156,000 square metres over the past year. This makes the estate a third smaller than it was in 2010 – creating a saving in real terms of £760 million in running costs, according to the Government. Today’s State of the Estate report also claims that a further £750 million in capital receipts has been generated this year from the sale of over 400 sites, delivering a total of £2.4bn in capital receipts over the past three years. At the same time, vacant space across the government estate is just 1.4 percent, which is significantly lower than in the private sector, according to the report.

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Post Brexit high skill workforce migration plans to be unveiled today

Post Brexit high skill workforce migration plans to be unveiled today

Britain’s interior minister Sajid Javid is set to publish plans today for a post Brexit immigration system that would bring net migration to the UK down to “sustainable levels” in a phased approach starting in 2021. The UK Government will announce details of the new system to mark the end of free movement from other European Union countries in an immigration white paper. The plans will include a new visa route for skilled workers and no cap for high-skilled professions.

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UK Government agrees to code of practice to combat sexual harassment at work

UK Government agrees to code of practice to combat sexual harassment at work

The Government has agreed to work with the Equality and Human Rights Commission (EHRC) to introduce a statutory code of practice to tackle sexual harassment at work. It also agreed that non-disclosure agreements require better regulation and a clearer explanation of the rights that a worker cannot abrogate by signing one and will consult on how best to achieve this and enforce any new provisions. It also agrees that regulators should make it clear that workplace sexual harassment is unacceptable, and that sexual harassment should be taken into account when considering the fitness and propriety of the individuals and employers they regulate.

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ONS says Ill health and caring duties biggest barriers to work for older people

ONS says Ill health and caring duties biggest barriers to work for older people

Ill health and caring duties biggest barriers to work for older people says ONSThe two most important barriers to working for those in their 50s and early to mid-60s are health and caring; according to the latest analysis from the ONS. Living longer: Fitting it all in – working, caring and health in later life, advises that although people in their 50s and early 60s have a good level of general health the prevalence of health problems increases over this age range and impacts on the likelihood of being in paid work. Of those potential older workers who are out of work (but would like to work), 38 percent of men and 28 percent of women are unemployed. Women are more likely to be looking after home or family than men (19 percent and 6 percent). Over a third of people aged 50 to 64 years are out of work because they are sick or disabled – with ill health the main barrier to working for both men (37 percent) and women (35 percent).

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Government’s new workplace reforms: the world responds

Government’s new workplace reforms: the world responds

The UK government has introduced what it claims to be the most significant package of workplace reforms for 20 years in response to last year’s Taylor Report on working practices. The Good Work Plan has introduced a range of measures which the Government claims will improve the rights of agency and part time workers and discourage employers from indulging in unwelcome practices.  The reforms are intended to stop businesses opting out of equal pay arrangements for agency employees and improve the conditions for gig economy workers generally, for example by giving workers details of their rights from the first day in a job, such as eligibility for sick leave, pay levels, maternity and paternity leave.

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As we enter our darkest hours, quality of office lighting needs attention

As we enter our darkest hours, quality of office lighting needs attention

As we enter darkest hours London commuters can get a light fix

As we enter the darkest days of the year, office workers in the UK are set to get virtually no natural light. For instance, today (18 December) sunrise in London is at 08:01 and sunset is 15:52, meaning office workers are commuting to and from their offices in the dark. The quality of lighting within many workplaces is often not much better, as despite 80 percent of UK office workers, saying good lighting in their workspace is important to them, two-in-five (40 percent) say they have to deal with uncomfortable lighting every day and a third (32 percent) said better lighting would make them happier at work. However today some Londoner’s will have the chance to get a much-needed dose of light at an uplifting Light Station supplied by Staples at Southwark Bridge tunnel which will be open to the public from 9:00 to 16:15.

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Only small number of workers happy with their office temperature

Only small number of workers happy with their office temperature

Only small number of workers happy with their office temperature

Just 16 percent of workers are satisfied with the temperature of their office, while a majority (89 percent) claim they lose productivity if the temperature isn’t quite right, new research suggests.  Nearly half (46 percent) experiencing cold office temperatures say this makes them the most unproductive, according to research by Workthere. Only 8 percent of those based in coworking and shared workspace and 10 percent of staff in leased workspace, believe that their office is always the right temperature, while just 3 percent of respondents revealed they have a separate space to work in if they’re too hot or cold. It seems that keeping warm is the biggest challenge for British office workers with 47 percent admitting to wearing additional layers at their desk and 37 percent often making themselves a hot drink to fight the office chill. A surprising 17 percent of respondents even admitted to bringing in a personal heater to warm up which is a worry for employers, given that it costs £3.43 on average to run a 3 kilowatt heater for eight hours.

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Decline in new UK commercial property construction work within private sector

Decline in new UK commercial property construction work within private sector

The results of the EU referendum have been detrimental to the commercial property sector with the number of constructions continually decreasing, according to an analysis of the figures by Savoy Stewart. With figures from the Office of National Statistics (ONS) showing a monthly decline in the number of new UK commercial construction work undertaken by the private sector since December 2017, the property firm analysed the number of commercial properties available to let in 20 of the biggest cities in the UK.

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The scale and complexity of public sector procurement makes a change of direction difficult

The scale and complexity of public sector procurement makes a change of direction difficult

A new report from the Institute for Government claims that the British  government spends around £284bn – almost one-third of its total expenditure – with external suppliers. Given its scale, public sector procurement could not easily be abandoned even if politicians wanted, the report concludes. It says that four departments spent more than half of their entire budgets with external suppliers last year. It also finds that the largest suppliers are winning more and more government business.

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