July 17, 2020

Self-employment is great for wellbeing, not so great for the bank balance

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

Commercial property market shows signs of life

by Neil Franklin • News, Property

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

Positive employee experience expected to significantly dip as ‘a new burnout’ looms

by George Eltringham • News, Wellbeing

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

Global carbon dioxide emissions fall dramatically because of lockdown

by Jayne Smith • Environment, News

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

Fall in employment and property values is inevitable

by Neil Franklin • News

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

UK outpaced by other nations when it comes to women in work

by Jayne Smith • News, Working lives

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

UK squandering workers’ potential through lack of training

by Jackie Le Poidevin • Knowledge, News

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

Majority of people living in poverty are in a working family

by Neil Franklin • News

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 →

January 22, 2020

Self-employment hits the 5 million mark for the first time

by Neil Franklin • Flexible working, News

UK job growth was the strongest in nearly a year in the three months to November, according to new government data. The Office for National Statistics said the strong jobs growth reflected a particularly weak three-month period to August when jobs fell, but the data also showed the employment rate hit a record high of 76.3 percent with jobs growth driven particularly by self-employment and the numbers of women in full time work. More →

January 14, 2020

The Fourth Industrial Revolution is upon us and we`re not ready for it

by Jamie Morgan • Comment, Technology

Cast your mind back a decade or so and consider how the future looked then. A public horizon of Obama-imbued “yes we can” and a high tide of hope and tolerance expressed in the London Olympics provides one narrative theme; underlying austerity-induced pressure another. Neither speaks directly to our current world of divisive partisan politics, toxic social media use, competing facts and readily believed fictions. More →

November 12, 2019

Oxford and Reading are best cities in which to live and work in the UK

by Neil Franklin • Cities, News, Wellbeing

Oxford has been recognised as the top performing city in the UK to live and work for the fourth year in a row in a nationwide study carried out by PwC. The city has emerged ahead of Reading thanks to work-life balance, income, transport and skills with Bradford being crowned as the most improved city. Published today (12 November 2019), the annual Demos-PwC Good Growth for Cities 2019 sets out to show there’s more to economic well-being than just measuring GDP. The index measures the performance of 42 of the UK’s largest cities, England’s Local Enterprise Partnerships (LEPs) and ten Combined Authorities, against a basket of ten factors which the public think are most important when it comes to economic well being. These include jobs, health, income and skills, as well as work-life balance, house-affordability, travel-to-work times, income equality, environment and business start-ups. More →