July 9, 2019
One-fifth of sole traders in self-employment don’t survive one year, and the majority don’t survive five, according to a new study from the Institute for Fiscal Studies (IFS). The analysis of HMRC tax records by researchers at the IFS was funded by the Office for National Statistics through the Economic Statistics Centre of Excellence (ESCoE) and the Economic and Social Research Council. (more…)
July 5, 2019
Chicago, considered the home for the modern workplace by many, played host once again to the 51st edition of NeoCon at The Merchandise Mart. The Mart, as is it affectionately known, is itself an interesting building; a vast space of 25 floors, it spans two city blocks and was the largest building in the world when it opened in 1930. (more…)
July 4, 2019
Global spending on smart cities will reach $189.5 billion in 2023, according to the latest IDC Worldwide Semiannual Smart Cities Spending Guide. The report claims that the main priorities for investment will be resilient energy and infrastructure projects, followed by data-driven public safety and intelligent transport. It suggests that these priority areas will account for more than half of all smart city spending throughout the 2019-2023 forecast period. The guide claims to quantify the expected technology opportunity around initiatives at a regional and global level. (more…)
July 2, 2019
Firms in the FTSE 100 are on track to reach the target of 33 percent of women on boards by 2020 that was set by the Hampton Alexander Review. In its July update, the organisation reports that 27.5 percent of FTSE 250 board positions now held by women, up from 24.9 percent three years ago. The figures suggest that if progress matches the same gains made over the last 3 years, then FTSE 100 companies are on track to meet the 2020 target. Just under a third (32.1 percent) of FTSE 100 board positions are now held by women, up from 12.5 percent in 2011. (more…)
July 2, 2019
A significant proportion of the global population is concerned about the use of artificial intelligence (AI), with scepticism about its use by business greater than its use by government, a poll published by the World Economic Forum suggests. According to the poll, which surveys the attitudes of over 20,000 people across 27 countries, 41 percent of respondents said that they were worried about the use of AI. This compares to 27 percent that disagreed and 32 percent that were undecided. When asked whether the use of AI by companies should be regulated more strictly than it is today, 48 percent of respondents said they agreed compared to 20 percent that disagreed. (more…)
July 2, 2019
According to ONS statistics, nearly three quarters (71 percent), or 23 million UK based employees, plan to work beyond the age of 65, but two in five of these (41 percent) – equivalent to 9.5 million workers – are concerned their health will make it difficult to do so, according to new research from Canada Life Group Insurance. Over a quarter (27 percent) of UK employees think their boss views older workers as a ‘hassle’ because of these possible health struggles. This highlights the potential for poor health to act as a barrier to employment and retention of older workers. Employees also believe their boss perceives older workers as stuck in their ways (30 percent) and technologically inept (30 percent). Among the biggest concerns of those intending to work beyond the age of 65 is that they will be treated differently because their boss or colleagues perceive them as being ‘old’. (more…)
June 28, 2019
The day to day challenges and injustices faced by disabled people in the workplace, at home and in the wider community will be tackled head-on through a new package of measures announced by the UK Government. Higher accessibility standards for homes and buildings, an overhaul of statutory sick pay, and greater workplace support including the right to request modifications are part of renewed efforts to ensure disabled people can fully participate in society. (more…)
June 19, 2019
The London Office of Innovation and Technology (LOTI) has been officially launched, ushering in what the fifteen councils behind the initiative claim will be a new era of digital transformation. The councils claim that London’s public services will benefit from faster adoption of technology, data and digital skills. The city-wide venture is a collaboration between all 32 London boroughs with the Mayor of London’s backing.
June 18, 2019
Freelancers working on projects now contribute more to the economy than the creative industries, new research from the CRSE (Centre for Research on Self-Employment) claims. The ‘project economy’, made up of freelancers brought in for individual projects such as new products, innovation and infrastructure, contributes approximately £104bn to the UK economy every year, according to the CRSE’s Freelance Project and Gig Economies report. That is more than the £100bn of the creative industries and close to the £110bn contributed by the construction sector. The ‘project economy’ accounts for 73 per cent of the UK’s skilled freelancers – nearly five times the 15 per cent working in the so-called gig economy. (more…)
June 17, 2019
The idea that spending recreational time in natural settings is good for our health and wellbeing is hardly new. Parents have been telling their kids to “go play outside, it’s good for you” for generations. Now, colleagues and I have published a study in the journal Scientific Reports which suggests that a dose of nature of just two hours a week is associated with better health and psychological wellbeing, a figure that applies to every demographic we could think of (at least in England). (more…)
June 14, 2019
According to the 2019 Vitality Index by Lambert Smith Hampton, Edinburgh is the city with the best prospects for UK economic growth, with Cambridge and Manchester coming in second and third place, despite the UK’s uncertain economic and political environment. Compiled every year, The Vitality Index claims to provide a comprehensive assessment of the health of UK towns and cities, considering education, entrepreneurialism, affluence, productivity, growth and environmental factors.
June 13, 2019
AI and its transformational effect on the global business landscape was the dominant theme on day one of the UK Asia Tech Powerhouse Conference. Transforming urban mobility thanks to rapidly growing cities, and how Asian cities are leading the march towards a digital future also featured in the first of the two-day event, with influencers from across trade, investment and technology, including Singaporean entrepreneur Annabelle Kwok and Mark Purdy, Accenture’s Group Chief Economist and Managing Director at Accenture Research. (more…)
