June 10, 2014
Silicon Roundabout remains the UK’s foremost location for business startups
Research from accountants UHY Hacker Young has revealed the UK’s most popular postcodes for business start-ups. Silicon Roundabout is the most prolific area, generating 15,620 new businesses over the last year. London, unsurprisingly dominates the list with only three zones outside the capital making the top 20. Within London, Silicon Roundabout saw nearly five times as many businesses launched as Canary Wharf (3,180). The Borough, Bankside and Bermondsey areas, covered by the SE1 postcode, saw a rapid expansion in new business creation, with a 13 percent increase in new businesses, from 5,190 to 5,850 in the last year. Outside of London, Hove (BN3), came 10th marked out as a hub for outsourcing, tech and finance businesses, Leeds LS14 which came 12th and Warrington WA1 which both offer a large number of business and technology parks.
June 9, 2014
Queen’s Speech was light on employment legislation, but don’t forget flexible work changes
by Pam Loch • Comment, Legal news, Workplace
This year’s Queen’s Speech was the last before the 2015 general election and included a relatively light legislative programme of just 11 new bills. Some of the key employment changes being proposed include changes to childcare, the national minimum wage, and zero-hours contracts. But in fact a key development which was not included in the Queen’s Speech, and yet could have the most pronounced effect on employers is the extension of the right to request flexible working. From 30 June 2014, employees with at least 26 weeks’ continuous employment will be able to make a request for flexible working for any reason under the new statutory scheme. The procedure to be followed will be far less prescriptive than that currently in force and will place more onuson the employer to consider the request and any alternatives to the proposed request. More →