Search Results for: economy

March 29, 2013

We shape the world’s cities, then they shape us

by Mark Eltringham • Architecture, Comment, Knowledge, Property

The story of the world’s cities is often told not in words but in numbers. This is especially the case with the megacities – those with a population in excess of 10 million – which obtain enough critical mass not only to produce eye boggling statistics but also to distort the fabric of whole regions and change the way people live and behave. This is true for the established megacities of London, New York and Tokyo as well as the emerging global metropolises in Sao Paolo, Beijing, Mumbai, Shanghai, Cairo and Istanbul. It is also increasingly true for cities many people have never heard of.

March 28, 2013

Majority of employers intend to hire permanent staff

by Sara Bean • Knowledge, News, Workplace

More positive signs on the jobs front today with the news that despite continuing to face a challenging economic climate, the majority of employers are still planning to increase or maintain their permanent staff over the next three months. This is according to the Recruitment and Employment Confederation’s (REC) latest JobsOutlook survey. REC director of policy Tom Hadley said: “Our latest data shows the majority of employers are planning to increase or maintain their permanent headcount over the next quarter which suggests that the jobs market will continue to outperform the rest of the economy in the short term. Although the ONS reported a rise in unemployment last week, it is important to emphasise that the employment figures were also up.” More →

March 20, 2013

Tax breaks for work health schemes welcomed

by Sara Bean • Legal news, News, Workplace

sodexo workplace trends edit

The inclusion in the 2013 Budget of plans to include tax breaks for employers to run health initiatives that help encourage those on sick leave back to work has been welcomed by health and wellbeing experts. The Chancellor has announced that the Government would introduce a targeted tax relief, so amounts up to £500 paid by employers on recommended schemes are not treated as a taxable benefit in kind. The Government’s decision follows recommendations made in its report, ‘Health at work – an independent review of sickness absence’, released in January.

March 20, 2013

Rise in jobless figures puts pressure on Chancellor

by Sara Bean • Legal news, News, Property, Public Sector, Workplace

There is more pressure on Chancellor George Osborne ahead of today’s budget with the news that uemployment rose by 7,000 to 2.52 million between November and January. However the overall unemployment rate for November 2012 to January 2013 remained at 7.8 per cent, unchanged from August to October 2012. The latest figures from the Office of National Statistics (ONS) also show that while pay rose by 1.2 per cent during the same period, with inflation measuring 2.7 per cent between January 2012 and January 2013, there continues to be a cut in the real value of pay. More →

March 15, 2013

Call for budget to help construction sector growth

by Sara Bean • News, Property, Public Sector

The Treasury

Leading environmental and building construction bodies are calling on the Government to help grow the built environment in next week’s budget. The UK Green Building Council (UK-GBC) is urging the Chancellor to use the Budget 2013 to demonstrate the Coalition’s commitment to energy efficiency as a key driver of green growth and provide a boost to the construction sector. And in a list of requests, RICS asks the government to visibly promote public sector construction contracts, meaning smaller firms across the UK are aware of projects and able to directly bid for work.

March 14, 2013

Communal workspace model making inroads in US offices

by Sara Bean • Facilities management, Knowledge, News, Technology, Workplace design

Costar

There is a growing trend in the United States to downsize office space, particularly amongst larger public firms, as they increasingly adopt policies for sharing non-dedicated offices and implement technology to support their employees’ ability to work anywhere and anytime. In a webinar presented to subscribers of commercial real estate intelligence group CoStar, Norm G. Miller, PhD, a professor at the University of San Diego, Burnham-Moores Center for Real Estate examined what would happen if office tenants used 20 per cent less of the US’ current office space, which has a total valuation of $1.25 trillion.

March 12, 2013

Employers vastly underestimate savings of freeing up desks

by Sara Bean • Facilities management, Furniture, News, Workplace

The latest salvo in the flexible working debate is a study which reveals that despite potential savings of around £34bn by freeing up desk space and working more flexibly, the majority of UK business leaders grossly underestimate what it is possible to save with two out of three (65 per cent) insisting they can’t lose any desks. According to a Vodafone UK survey one in five of those surveyed thought that their employees remained rooted to the old principle that all employees should have their own desk space (21 per cent) and flexible working ultimately leads to employees taking advantage of the system (23 per cent).

March 11, 2013

Hong Kong and London world’s most expensive cities for start ups

by Mark Eltringham • Knowledge, News, Property

A new report from property consultants Savills based on the total cost of setting up in business in the world’s major cities has today revealed that Hong Kong is the most expensive of the ten cities in which to locate, with London in second place and New York a close third. The total real estate cost of setting up business in all three cities is now almost three times that in the best priced world capitals, Shanghai and Mumbai. The report will be published in full on the 20^th March as The World Cities Review and includes measures of headline rent, tax and other charges.

March 7, 2013

UK workers’ real wages have fallen furthest

by Sara Bean • Legal news, News, Workplace

pay squeeze

British workers have seen the biggest fall in wage value among the world’s wealthiest countries, according to a TUC report on the global economic race published today. Between 2007 and 2011 – real wages fell by 4.5 per cent in the UK, falling at nearly twice the rate of Spain – the next worst-performing economy that year. However, as we reported last month lower wages appear to be contributing to higher employment rates in the UK compared to countries where pay rates are higher, such as Spain and Italy.

March 1, 2013

Working ‘proper hours’ may no longer be possible

by Mark Eltringham • Comment, Knowledge, Workplace

Today is the Trades Union Congress’s self-styled ‘Work Your Proper Hours Day’. Last week the TUC announced that it had used Government statistics to calculate that more than 5 million UK employees put in an average of over 7 hours of unpaid overtime a week, adding around £28 billion a year to the economy. Like me, you might be surprised the figures are that low and certainly I think a lot of people would be delighted to only put in an extra 7 hours a week. You might also be dismayed the TUC is advocating workers add less of their time into the economy by clocking off on time today. However, the bigger problem is surely with the language and ideas put forward by the TUC.

February 24, 2013

What gets measured in the workplace, gets managed

by Paul Statham • Comment, Facilities management, Technology, Workplace design

Are we finally seeing the first signs of the end of the downturn? Earlier this week the Government announced that UK unemployment had fallen. While I know there have been quibbles about what this all meant, other data from specific market sectors backs up the idea that we may be seeing some tentative causes for hope. One of the most heartening was last week’s survey from Randstad which reported growing levels of optimism among financial services firms about their prospects and the fact that the majority would be increasing headcount this year.

February 22, 2013

Brussels to challenge the UK in court on Green Deal VAT

by Mark Eltringham • Environment, Facilities management, Legal news, Lighting, News

The European Commission has confirmed intends to take the UK Government to court to force the Treasury to impose the full rate of VAT on energy-saving goods which are a key element of the flagship Green Deal energy efficiency scheme. The Green Deal is designed not only to improve the UK’s environmental performance but also boost the economy. The commission issued a statement yesterday confirming it would refer the UK to the EU Court of Justice over the practice of imposing reduced VAT rates on green goods which it claims break EU law and won’t deliver the aims of the government’s flagship Green Deal energy efficiency scheme.