June 9, 2021
Search Results for: economy
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June 6, 2021
Ending the commercial rents stalemate can help economy rebound, claims CBI
Occupiers and landlords of commercial property should partner on a path towards full economic reopening by taking decisive action to address commercial rent challenges, says the CBI. The CBI believes commercial property tenants should resume paying rents as normal when emergency coronavirus legislation protecting businesses from evictions and statutory demands ends on June 30, except in cases of extreme financial difficulty caused by this year’s lockdown measures. (more…)
March 25, 2021
Wellbeing strategies could add £61bn to English economy
Corporate wellbeing could add £61bn to the English economy by 2025 through added productivity, if UK companies can create new wellbeing strategies and improve underperforming ones, according to a new study by Westfield Health. (more…)
March 18, 2021
Toxic workplace culture costing UK economy £20.2 billion per year
The cost of poor company culture is a staggering £20.2 billion per year, according to research from HR software provider Breathe. The report ‘The Culture Economy 2021’, claims that almost a third (27 percent) of SME employees quit their job due to poor workplace culture, an increase of 6 percent from last year (21 percent). (more…)
March 15, 2021
Serfs up for the self-employed and gig economy workers (and the middle class)
One of the most significant consequences of the 2008 economic crash was a remarkable shift in the nature of employment. The recession led to a surge in the number of people categorised as self-employed. The numbers have been increasing ever since, albeit at a lower rate. By the end of 2019, the number of self-employed people in the UK exceeded five million people for the first time. Fifteen percent of the workforce. (more…)
February 23, 2021
Gig economy workers to make up fifth of employees in financial services firms, claims report
More than half of financial institutions say they expect to have more ‘gig economy’ based employees over the next three to five years, according to PwC’s report, Productivity 2021 and beyond: Upskilling the workforce of the future to create a competitive advantage in financial services. The second iteration of PwC’s productivity research, that surveyed over 500 financial services businesses globally, and received over 60 percent of responses from C-suite leaders, looked at some key workstreams implemented by financial services businesses and evaluated its impact on productivity. (more…)
February 16, 2021
Investment in digital technology set to deliver £232bn boost to UK economy by 2040
Investment in digital technology is set to increase UK GDP by £232bn (6.9 percent) in 2040, according to a new study by Virgin Media Business and the Centre for Economics and Business Research (CEBR). The research, which examines how more digital ways of working can support the UK’s economic recovery from Covid-19, claims investment in technology could boost the economy by £74bn in 2025. (more…)
October 20, 2020
Radical reskilling needed to ensure future of economy
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 1, 2020
Permanent working from home would reduce UK economy by £480 billion
A new study claims that if British workers do not return to their offices at all, the UK economy could contract by £480 billion. The study from the Centre for Economics and Business Research (CEBR), and led by Douglas McWilliams, a former chief economic adviser to the Confederation of British Industry, suggests that in a worst case scenario, the British economy would not return to its size before the coronavirus pandemic until 2025 if people continue working from home as they have over the past few months. (more…)
June 30, 2020
A chance to build a cleaner future as economy rebuilds
The European Union is strengthening its efforts to make its energy systems cleaner and more resilient, reinforcing its global leadership in reducing greenhouse gas emissions, according to a new energy policy review by the International Energy Agency.
June 29, 2020
Recruitment firms remain upbeat about longer term economy
Research conducted by Bullhorn, suggests that recruiting professionals are optimistic about COVID-19’s future economic impact. According to Bullhorn’s Global Recruitment Insights and Data (GRID) COVID-19 Impact Survey, only two percent predict a sustained depression that extends past 2021, and more than half (56 percent) expect the economy to improve by the end of the year. (more…)
August 20, 2021
Gig economy could lead to a labour shortage…but better off workers
by John Colley • Comment, Flexible working, Workplace