September 29, 2022
Public transport makes commuting easier and boosts the labour market
Following losses of £1.5bn in annual fare revenues incurred during the pandemic, Transport for London recently signed a deal with the UK government for emergency funding. The agreement ensures that new train orders, bridge repairs and tube upgrades will continue as planned. It also will lead to public transport fares rising and bus services being cut. While the Elizabeth Line, a £19 billion east-west addition to the London Underground, opened to great fanfare in May 2022, this year has also seen some of the oldest bus routes in the UK axed: including route 144 between Worcester and Birmingham, route 477 between Dartford and Orpington, and route 84 between north London and Hertfordshire. At least 135 bus routes countrywide currently face cutbacks or permanent cancellation. More →
August 20, 2021
Gig economy could lead to a labour shortage…but better off workers
by John Colley • Comment, Flexible working, Workplace
The long-term impact of COVID-19 on the economy (and the gig economy) will not be clear for some time. But in the UK, the easing of pandemic related restrictions has coincided with significant labour shortages and the driving up of wages. Statistics show that wages have risen 7.4 percent in the past year, and the number of job vacancies has continued to rise (up to 953,000 in July 2021). Those vacancies have appeared amid continued travel restrictions from abroad, and the prolonged furlough scheme, which is keeping over 1 million people tied to employers that don’t have work available for them. More →