February 18, 2015
Gender pay gap now in favour of UK women…but only until they’re thirty-five
The complexities of the gender pay gap are uncovered in the Office for National Statistics’ most recent report into the UK Labour market. For the first time, the study breaks down pay differentials by both age and sex and shows that women now earn more than their male contemporaries until they are in their thirties when gender pay differentials suddenly, rapidly and permanently go into reverse. Women in full time employment now earn an average 81p more per hour at the age of 30, 58p more at age 34 but then 9p less at age 35. The perhaps inescapable conclusion is that the decision to have children is the key determining factor in deciding pay levels for women in full time work. Crucially, the pay gap remains and even widens throughout the remainders of women’s careers. By the age of 40, men outearn women by an average of £1.64 per hour.
February 11, 2015
This isn’t a golden era for small business; it’s more interesting than that
by Mark Eltringham • Comment, Flexible working, Public Sector, Technology
Yesterday, the Prime Minister’s Enterprise Advisor Lord Young produced a report into the key trends experienced by the UK’s small businesses over the past five years. According to the headline figures presented by the report, this is a ‘golden era’ for small businesses in the UK, with a record number of small firms in the country. The reported 5.2 million small firms represents an increase of 760,000 over the five year period covered by the study. The report concludes that the main drivers of this upsurge are the growing belief people have in their own ideas and abilities coupled with the technological wherewithal to make them a commercial reality. Lord Young also claims the Government deserves some credit for providing the business landscape for this to happen. But is it really that simple?
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