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UK Economy News

Listing 3195 articles over 320 pages

Zero Hours Contacts Increase

The amount of UK businesses offering zero hour contracts has increased by 6% over the last year, according to official figures.

Tougher Penalties For Non- Payment Of National Living Wage

When the National Living Wage is introduced in April 2016, the government will also implement harsher penalties for employers who do not pay their workers the £7.20 an hour minimum.

UK Bonuses Almost At Pre-crisis Levels

Bonuses UK workers received in the year 2014/15 were almost as high as pre-financial crisis levels, according to figures from the Office for National Statistics (ONS).

Duncan Smith Plans Changes To Sickness Benefit

Iain Duncan Smith is planning cuts to sickness benefit, meaning many claimants may be forced to take up some form of work, even if it’s just for a few hours

Finance Ministers Criticise Treasury’s Spending Cuts

Finance Ministers in Scotland, Northern Ireland and Wales have claimed that the UK government is making spending cuts “too fast and too far”.

Employers Claiming Employees €�self-employed” To Save Money

Employers are claiming their employees are “self –employed” to avoid paying them holiday pay, the minimum wage, employers’ National Insurance, sick pay and pension contributions.

UK Base Rate To Rise €�pretty Soon”

UK interest rates will “rise pretty soon” according to Bank of England (BoE) policy maker David Miles.

Rail Fares Rise Three Times Faster Than Wages

Rail fares have increased three times as faster than wages, according to research conducted by the Trade Union Congress (TUC).

Unemployment Rises To 1.85 Million

The number of people unemployed in the UK rose in the April to June period by 25,000, taking the current total to 1.85 million.

Job Prospects For Young People Looking Brighter

UK firms are looking to fill skills gaps by hiring young people, which will hopefully help with the tough jobs market young people are faced with.

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