November 3, 2020
The Government must give UK regional economies greater autonomy over skills and employment to develop grassroot recovery strategies – or risk levelling down the chances of millions, according to a new report published by City & Guilds Group. More →
October 20, 2020
Research carried out by the CBI prior to the pandemic suggests there is an urgent need for the UK to embark on a radical programme of reskilling that goes further and faster than current plans. According to the CBI, the UK faces a stark choice: invest more in lifetime learning and upskilling of millions of employees, or stick to business as usual, and risk sustained higher rates of unemployment and skills shortages. More →
September 30, 2020
Workers (82 percent) would rather have permanent jobs than “be their own boss” in a freelance or contract role, even as the self-employed and gig economy has grown rapidly in recent years, claims new research from the ADP Research Institute. Many workers believe that permanent work is preferable for a host of reasons including regular hours, better pay, timely payments, and the ability to get credit. More →
July 27, 2020
New analysis of online vacancy data suggests that parts of London are now the most economically at risk from the coronavirus pandemic. The analysis of the UK job market compares the number of people claiming unemployment-related benefits in each local area with the number of vacancies. It claims that the four areas with the highest number of unemployed per vacancy are London Boroughs – Lambeth, Haringey, Brent, and Barking and Dagenham – with more than forty claimants chasing each available job. More than a third of all areas with thirty or more claimants-per-vacancy are London Boroughs. More →
July 17, 2020
In the week the ONS announced that the number of self-employed people in the UK had dropped by 178,000 over the last quarter, a new report from the Joseph Rowntree Foundation and the Institute for Fiscal Study suggests that the growing number of people who turn to self-employment do so despite a drop in their incomes. On average, they earn nearly £500 (30 percent) less a month than they did before falling out of traditional employment. More →
July 15, 2020
UK commercial investment activity rose 42 percent in June compared to May, up from £755m to £1.3bn, taking total volumes for H1 2020 to £15.6bn, according to the latest market update from Savills. With the all-sector prime commercial property yield remaining stable at 5.21 percent in June, Savills says that together this may signal some stability is now returning to the UK investment market. More →
June 18, 2020
Kincentric today announced the results of a survey representing over 130,000 employees across 100 companies globally. The findings suggest a strong positive employee experience, however, Kincentric believes these are artificially high due to the extraordinary circumstances and will likely erode within nine months, which is consistent with how most people process change or loss, claims Global Culture & Engagement Practice Leader, Ken Oehler.
May 19, 2020
Carbon dioxide emissions have declined rapidly during the Covid-19 lockdown according to a new global academic study, but experts are warning that the reductions may be short-lived as normal economic activity resumes. The findings appeared today in the journal Nature Climate Change. The international study of carbon emissions found that daily emissions declined by around 17 percent between January and early April, compared to the previous year and could decline anywhere between 4.4 percent and 8 percent for the whole of 2020, the largest annual drop since the Second World War. More →
March 25, 2020
It is already inevitable that the economic fallout from the COVID-19 pandemic will include a “big hit to commercial property values” and a rise in unemployment in the UK, according to reports from researchers Capital Economics (paywall). The economic research consultancy has downgraded its forecasts for the UK economy and, as a result, is projecting a near 10 percent decline in property values and a rapid but short-lived increase in unemployment. More →
March 5, 2020
Despite holding firm in 16th place, the UK is being outpaced by greater improvements in female employment prospects in other OECD countries, according to PWC’s latest Women in Work Index, which analyses female economic empowerment across 33 OECD countries. While the UK performs above the OECD average and is second only to Canada when compared to other G7 economies, its position has barely budged since 2000 when it stood in 17th position, despite improving its performance across all five indicators. More →
February 26, 2020
The UK is ignoring the value of millions of workers by overlooking workplace training and opportunities to upskill, a new survey has suggested. According to the Missing Millions report from City & Guilds Group, a third of employees have either not received workplace training in the last five years or have never had any such training – equating to 17.8 million people in the UK with outdated skills. The result, the report claims, is declining productivity and problems remaining competitive. More →
February 10, 2020
More than half of the people in the UK classified as living in poverty are members of a working family. According to the Joseph Rowntree Foundation’s state of the nation report on poverty in the UK, poverty has risen for children and pensioners over the last five years. Although employment has increased, in-work poverty has also gone up because often people’s pay, hours, or both are not enough. More →
