Search Results for: economy

There are at least some reasons to be optimistic about the UK’s tech sector post Brexit

There are at least some reasons to be optimistic about the UK’s tech sector post Brexit

by • Comment, Property, Technology, Workplace design

Making detailed predictions about the economic consequences of Brexit has proved a mug’s game many time over the past couple of years. The most accurate summation of what is happening might be ‘mixed’. Most recently, a report from the CBI has highlighted the resilience of many sectors while bemoaning a lack of skills in the economy. Meanwhile former Commercial Secretary to the Treasury Lord O’Neill also recently conceded that the UK economy had been more robust than he had expected following the Brexit vote, which he attributed primarily to the thriving world economy. An argument almost immediately dismissed by the economist Ruth Lea writing for the LSE, who put forward a more nuanced and mixed explanation. The same picture of tempered resilience is also evident in specific sectors, and especially those that were seen as the most likely to feel the consequences of the Brexit vote, including London’s crucial tech sector.

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Equal Lives survey to look at ways men can better balance work and home life

Equal Lives survey to look at ways men can better balance work and home life

by • Flexible working, Legal news, News, Workplace

Equal Lives survey to look at ways men can better balance work and homeThe challenge to achieve gender equality at work isn’t made any easier by the attitudes of some employers. Although men increasingly want to be more present at home, currently fathers are twice as likely as mothers to have their requests for flexible working turned down. This means their work-life balance is increasingly a source of stress. For this reason a new survey is being launched to look at men’s roles at home and work with the hope that the results will support employers to help men take up more equal caring roles.The Equal Lives project, launched by Business in the Community in partnership with Santander UK, aims to highlight the issues men face when managing responsibilities at work and home and identify workplace practices and policies to help employers retain skilled male and female employees. The study is open to all men in work over 18, regardless of whether they have people who depend on them for their wellbeing. It is also open to women in work, but only those with care responsibilities.

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What the Chancellor’s Spring Statement means for the employment landscape

What the Chancellor’s Spring Statement means for the employment landscape

by • Comment, Workplace

It may only have lasted 26 minutes, but chancellor Philip Hammond’s inaugural Spring Statement included a number of very encouraging points. Critics were quick to criticise Philip Hammond’s first Spring Statement. But that is perhaps simply the nature of politics. If an impartial party carefully dissects the 26-minute speech, there are undoubtedly many positives to take away. Yes, growth projections still lag slightly behind those highlighted in March 2016. However, it must be accepted that pre-Brexit forecasts are a different story altogether. On 24 June 2016, very few people would have predicted the growth story that was told in the House of Commons today – one of continued economic development with further growth on the horizon. This story is therefore an extremely encouraging one, and a welcome narrative amidst the doom and gloom that so often dominates the media headlines and political debates.

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Future cityscape will feature driverless transport, smart buildings and co-working says JLL

Future cityscape will feature driverless transport, smart buildings and co-working says JLL

by • Cities, Facilities management, News, Property

Future cityscape will feature driverless transport, smart buildings and co-working says JLL

Wi-Fi trees, driverless transport, smart buildings and co-working will be commonplace in 2040 predicts a report (registration required) published by JLL that outlines the ideal cityscape by 2040. The report incorporates a transformation framework aimed at enabling real estate businesses to adapt and thrive in a future city. According to the report, “The Transformation Framework”, the ideal cityscape in 2040 will have adapted to the trends driving the real estate sector over the next 20 years and will include co-working and living space, smart and healthy buildings, Wi-Fi trees, reverse vending machines, driverless transport and multi-generational housing as standard. To create the future cityscape, JLL asked some of the UK’s leading real-estate owners, occupiers, developers and investors what they thought the ideal city would look like in 2040, while taking into account the seven trends that JLL predict will influence real estate and infrastructure globally over the next two decades. These trends included tech innovation, urbanisation, land & resource scarcity, the low carbon economy, demographic & workplace change, health & wellness and transparency & social value.

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Four UK cities ranked in Europe’s top ten most attractive locations for businesses and employees

Four UK cities ranked in Europe’s top ten most attractive locations for businesses and employees

by • Cities, News

London has been ranked as Europe’s most attractive city for businesses and employees for second year running according to Colliers International’s latest European Cities of Influence report, which reviews and ranks cities based on their occupier attractiveness, availability of talent, and quality of life factors alongside economic output and productivity; Paris, Madrid, Moscow and Birmingham making up the rest of the top five. The report claims that the UK remains a highly desirable destination for capital and occupiers, largely driven by its ‘magnetism as a centre of diverse high-quality service sector talent’, which is in turn is helping to drive economic output and productivity. Other UK cities which score in the top 10 include Birmingham (5th), Edinburgh (7th) and Manchester (10th).

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Organisations need to create a ‘smart everywhere’ environment finds Smart Summit

Organisations need to create a ‘smart everywhere’ environment finds Smart Summit

by • Events, Facilities management, Flexible working, News, Workplace

Organisations need to create a ‘smart everywhere’ environment finds Smart SummitWork is no longer a place but a set of activities which lead to a set of outcomes that could be delivered anywhere. Or as John Blackwell, Quora Consulting’s Managing Director succinctly described it at the first of the 2018 Quora Smartworking Summit’s held last week, organisations need to create a ‘smart everywhere’ environment. New digital platforms make far it easier for people to work in exactly the way they want.  Research by Quora has revealed that there are 5 million people currently working in the UK gig economy or around 15.6 percent of the total workforce. More people are working post retirement age and want to work in a way that they can control, while there are increasing numbers who simply want more autonomy in their lives in the way that self-employment can offer. (more…)

About time we simply accepted that coworking and flexible working are the new normal

About time we simply accepted that coworking and flexible working are the new normal

by • Comment, Coworking, Flexible working, Workplace design

Ask someone to list innovative companies which have become notable disruptors in their market and they invariably respond with two names – Uber and Airbnb. That is because both brands are positioned squarely and successfully at the retail consumer: for people who use a taxi or take an occasional short break in a foreign city, they have become the automatic default options. But there is another equally successful business targeting the corporate space, aimed particularly at small businesses and millennial tech start-ups: WeWork. Just like Uber and Airbnb, it is less than a decade old. In that time, WeWork’s ambition of being the world’s leading coworking company has been realised. Championing itself as a disruption revolutionary, it has succeeded more prosaically by ‘creating environments that increase productivity, innovation, and collaboration,’ according to its website. WeWork’s model involves renting office space cheaply via long-term lease contracts. Small units are then re-rented at higher rates to start up companies which are happy to pay a premium because they need very little space.

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Automation will lead to greater inequality rather than job losses

Automation will lead to greater inequality rather than job losses

by • AI, News, Technology

The total level of wages associated with jobs that have the technical potential to be automated in the UK is £290 billion per year, which represents 33 percent of all wages and earnings from labour in the economy, according to a new report published by IPPR  for the IPPR Commission on Economic Justice. The report further claims that low-wage jobs have more potential to be automated than high-wage jobs and so it’s not just automation’s impact on the number of jobs that need to be considered but the impact on inequality. If automation leads to lower average wages or working hours, or loss of jobs in aggregate, a significant amount of national income could be transferred from wages to profits. And while increased automation of activities will replace some workers and labour earnings, employment and wages will rise in other areas of the labour market due to higher output and productivity, offsetting some of the original £290 billion lost but increasing pay inequality.

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Employment law is out of step with flexible work and the changing workplace

Employment law is out of step with flexible work and the changing workplace

by • Comment, Flexible working, Legal news, Workplace

Anyone who works in employment law or HR is certainly living through interesting times. With the removal of employment tribunal fees, litigation over the correct calculation of holiday pay and Brexit planning there is much to keep us busy. In addition, In addition, the impending GDPR is highly topical.  However, for me, the most intellectually stimulating but also practically difficult area to advise on often remains employment status. Put simply, the law is out of date. Legislation drafted in the 1990s, and to some extent based on cases from much earlier, simply does not cut it in an increasingly flexible and developing work place.

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Report identifies hundred greenest cities in the world (and not one is in the UK)

Report identifies hundred greenest cities in the world (and not one is in the UK)

by • Cities, Environment, News

A new report claims that there are now over 100 greenest cities worldwide who derive at least 70 percent of their electricity from renewable sources. The report from CDP claims that 40 of these now generate all of their energy in this way, including Basel and Reykjavik. No UK cities appear on the list although over 80 UK towns and cities have committed themselves to run on 100 percent clean energy by 2050, according to local government campaign group UK100.

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Report outlines the impact of universities on regional economies and entrepreneurship

Report outlines the impact of universities on regional economies and entrepreneurship

by • News, Public Sector

Although universities contribute to one in every hundred new business births in the UK, but 35 percent of universities did not contribute to the production of a single graduate start-up last year, according to a new report from Localis. It claims that while there are pockets of excellence in the way universities support enterprise and entrepreneurship across the country, too many of them are doing too little. Published in partnership with University College London (UCL) and the University of Huddersfield (UoH), the report explores what more can be done to encourage university entrepreneurial activity and its role in local economies.

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Diversity shown to help drive business performance but discrimination is still widespread

Diversity shown to help drive business performance but discrimination is still widespread

by • News, Workplace

Diversity shown to help drive business performance but discrimination is still widespread

The economic cost of workplace discrimination to the UK Economy is £127 billion a year, claims new research.  Of the £127 billion, £123 billion is due to gender discrimination, £2.6 billion as a result of discrimination against ethnic minorities and £2 billion due to discrimination as a result of sexual orientation. These are the claims of a new report commissioned by INvolve, a membership organisation that champions holistic diversity and inclusion in the workplace, and Cebr, an economics consultancy which analysed over 500 workplaces uncovered a significant positive correlation between diversity and financial performance.

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