Key points For those below retirement age, 45% of men and 49% of women in Great Britain did not have any private pension savings in 2010-2012. 95% of men and women working in Accommodation and food service industries did not pay into a private pension in the UK in 2012. In ‘Public administration, defence and … Continue reading
Britain’s booming automotive industry now employs three quarters of a million people after adding 44,000 jobs last year. Investment by manufacturers, demand for new models and companies in the supply chain bringing work home – known as “reshoring” – helped drive the increase, according to the data from trade body the Society of Motor Manufacturers … Continue reading
This chapter looks at total net wealth of private households in Great Britain. The definition of wealth used in this survey is an economic one: total wealth (gross) is the value of accumulated assets, and total wealth (net) is the value of accumulated assets minus the value of accumulated liabilities. Total net wealth is defined … Continue reading
Up to 300 jobs will be cut by Southampton City Council when it publishes its budget later, according to trade unions Unison and Unite. The Labour-run council needs to find savings of about £30m for 2013-14 and has pledged to restore the pay of workers cut by the former Tory regime. Labour councillor Simon Letts … Continue reading
More than a year after the introduction of the government’s ambitious Work Programme, the CIPD warns today that it needs to build on the scheme’s early progress by increasing awareness and understanding of the scheme amongst employers. In a survey of more than 1,000 employers, drawn from all three main sectors of the economy, the … Continue reading