Inflation

Half of employees can't live comfortably on salary

Nearly half (47%) of UK employees do not think their current salary is enough to live comfortably on, a survey by loan company Viva Money revealed yesterday (1 August).

Brewdog scraps real living wage commitment

Brewdog has announced it will stop paying the real living wage to new employees.

Majority of low-paid workers using foodbanks

Despite inflation easing, 60% of low-paid workers have used food banks since September 2022, according to the Living Wage Foundation.

Wages outstrip inflation while unemployment grows

Wages grew by 7.8% in the three months to July 2023, keeping pace with inflation for the first time in over a year despite a rise in unemployment and hiring slow-down, according to new data from the...

Outsourced HR could see a spike in investment in 2023

There has been a 41% increase in outsourcing services since pre-pandemic in 2019, and business process outsourcing, which includes outsourced HR, is one of the areas expected to see a substantial rise...

Planned redundancies rocket for 2023

The number of planned redundancies in the UK rocketed by 54% in the 12 months ending 31 July, according to new research.

Sunak: pay rises must follow increase in productivity

Prime minister Rishi Sunak said pay rises should be “sustainable” and come only as rewards for productivity, following data from the Office for National Statistics (ONS) which showed a record pay...

Record numbers fall out of workforce due to long-term sickness

Economic inactivity due to long-term illness has reached a record high, according to data released today (15 August) from the Office for National Statistics (ONS).

Real wages rise for first time in 18 months

A sharp drop in the rate of inflation has given UK workers their first real-terms pay rise in 18 months.

SMEs call for UK to open borders to fill labour shortages

Over half (52%) of small and medium-sized businesses (SMEs) are in favour of opening the UK’s doors to overseas workers to plug vacancies.

Wage-price spiral: should HR be concerned?

Bank of England governor Andrew Bailey has acknowledged that the UK is dealing with a wage-price spiral for the first time as a result of inflation.

Employee pay rise expectations in UK skyrocket

Almost three quarters of UK workers expect a pay rise in the next 12 months, an increase of 50% from the previous year, according to ADP Research Institute.