Government halves insolvency payouts to workers in 2021 February 21, 2022 The government halved pay outs to workers whose employers went bust last year, as Covid-19 support measures helped stave off insolvencies.
Appetite for deliveries jumps five-fold compared to pre-Covid level February 21, 2022 Britain’s appetite for takeaways and deliveries shows no sign of stopping after the easing of pandemic restrictions new data has shown.
Post-Brexit immigration ‘unlikely to move the dial on big-picture economic outcomes’ or wages February 17, 2022 A shortage of migrant workers alone is “unlikely” to increase wages in the longer term and the UK’s post-Brexit immigration system “will do little to change the UK’s economic trajectory”, according to the Resolution Foundation. The think tank said its research shows immigration has changed the size and shape of the UK’s workforce in recent decades, [...]
‘Golden visas’ for wealthy foreign investors to be scrapped amid dirty Russian money concerns February 17, 2022 The government is expected to scrap so-called “golden visas” for wealthy foreign investors amid concerns over links between Russia and the UK. Those eligible for the tier one investor visa, launched in 2008, must have at least £2m in investment funds and have a UK bank account. It has been under review due to repeated [...]
Belgium formally introduces four day week and creates right for employees to ignore bosses after hours February 16, 2022 The government of Belgium is moving ahead with plans to formally introduce a four day week in the country. Under a series of labour market reforms, announced yesterday, works in Belgium will soon be allowed to opt for a shorter work week or more flexible schedules. Moreover, the proposals create a right for Belgians to [...]
Wales to roll out world’s most generous basic income scheme with guaranteed income of £1,600 per month February 16, 2022 Wales is to introduce what is believed to be the most generous basic income scheme ever trialled in the world. Ministers want to use the scheme to assess the impact receiving a basic income has on young people as they leave care, particularly those from disadvantaged backgrounds. All young people leaving care who turn 18 [...]
Kremlin-linked Russian money laundered in London: UK should ‘get its house in order on dirty Russian cash’ February 16, 2022 Boris Johnson’s government needs to “get its house in order” if it is serious about tackling “dirty money” from Russia coming into the UK, Keir Starmer has said. The Labour leader also called for the Government to “go now and go hard” with sanctions against Russia, as he said the Prime Minister should return all [...]
Less time but no pay cut: Wales looking to introduce four day work week February 15, 2022 The Welsh government is mulling to embrace a four day work week for most employees across the British nation. According to Sophie Howe, who is Wales’ future generations commissioner, a shorter work week at full pay would lead to a healthier work-life balance and give productivity a boost, as well as creating 38,000 new jobs [...]
Workers in these sectors could be owed thousands from HMRC as cost of living set to spiral February 15, 2022 With the cost of living set to spiral, research by tax refund experts, accountants have told City PM this morning many UK workers are unaware of the thousands of pounds they could be owed via a tax refund, particularly those working within construction, security, in offshore oil and gas or within the armed forces. It’s shaping [...]
Metro Bank CFO quits as full year results loom February 15, 2022 The chief financial officer for Metro Bank has quit with the company's preliminary financial results expected as soon as next week.
