Happiness levels in UK workplaces growing, says Government.

by Mark Eltringham • Knowledge, News, Public Sector, Workplace

The general level of satisfaction in the UK’s workplaces has increased significantly in spite of ongoing economic uncertainty according to a report from the Government published yesterday. The study of more than 21,000 employees, found that job satisfaction levels actually increased in 2012 with a fifth (20 per cent) of employees either ‘satisfied’ or ‘very satisfied’ with all aspects of their job, compared to just 16 per cent in 2004 when the survey last appeared. The report also showed that levels of commitment to individual employers had also increased over the same period, with the proportion of employees who said they shared the values of their organisation up from 55 per cent to 65 per cent. (more…)

January 21, 2013

UK’s Centre for Cities launches Outlook 2013 report

by Mark Eltringham • Knowledge, News, Property, Public Sector

The Centre for Cities has today published the latest issue of its flagship Cities Outlook report in conjunction with the Local Government Association. The report has been published annually since 2008, identifying trends and key economic indicators from the UK’s largest cities. This year’s report is extensive in its coverage of a range of issues but focusses on construction, especially of housing, as an engine of growth. Several towns including Milton Keynes, Brighton and Northampton are singled out for their high levels of private sector investment and employment.

(more…)

January 9, 2013

All right? Manchester property outperforms other UK regions

by Mark Eltringham • Knowledge, News, Property

The idea that the UK is essentially a closely bound federation of city states, each with their own culture and economy is given added credence by new research from CBRE into regional variations in the commercial property market. London does things its own way, of course, but the top regional city is Manchester – the only one of eight centres that showed any evidence of rental growth during 2012, even though it was a modest increase from £29.50 per sq ft to £30 per sq ft. The full report can be viewed here. (more…)

January 6, 2013

UK construction hits new low as service sector shrinks

by Mark Eltringham • Knowledge, News, Property

The three little words nobody wanted to hear at the start of 2013 are triple dip recession. Yet even as the US managed to avoid its own fiscal cliff at the turn of the year, two reports raised fresh fears that the UK’s recovery would be postponed for a while yet. According to the Markit/CIPS Purchasing Managers’ Index, UK construction hit a six-month low as the sector dropped from an index of 49.3 in November to 48.7 in December. This is well below the index of 50 which indicates a contraction in activity. Meanwhile another report from Markit/CIPS reported an unexpected fall in the UK’s service sector. (more…)