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Labour Party UK
Rayner hits back at Mandelson over Labour’s worker rights pledges
...“We will scrap zero-hours contracts, we will end fire and rehire, make work pay with a real living wage. This is good for growth,” he said....
April 1, 2024
Minimum-Living wage
UK ‘real living wage’ to jump to £12 an hour in 2024
...The Living Wage Foundation, a charity that campaigns for fair pay, said on Tuesday it was increasing its national living wage rate from £10.90 to £12 an hour in 2024, following a similar increase in 2022...
October 23, 2023
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
Zero-hours contracts
Employers are using zero-hours contracts to cut wage bills, study finds
...Some wanted to limit working hours in order to offset increases in the hourly minimum wage, and others sought to spend less on non-wage benefits such as sick pay, pension contributions and national insurance...
April 24, 2024
Minimum-Living wage
Ending low pay: how UK business has met demands to boost wages
...But it is planning a broader drive to restore the power of unions and give workers more security and control over their hours and terms of employment....
April 2, 2024
Gavin Kelly
Lessons from a quarter century of the national minimum wage
...hit to jobs and hours....
April 1, 2024
News in-depthUK economy
Jump in UK minimum wage keeps Bank of England on alert
...Since January, all the main food retailers — including Tesco, J Sainsbury and Asda — have said that store staff will receive at least £12 an hour from April, matching the higher voluntary rate set as a benchmark...
March 19, 2024
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
Live news: Yen weakens to ¥155 per dollar as US stocks edge higher
Chipotle chief focused on winning ‘battle for labour’ in tight job market
...Chipotle lifted prices in California after a new law that took effect at the start of the month raised the minimum wage for fast-food workers from $16 an hour to $20....
April 24, 2024
Live news: Yen weakens to ¥155 per dollar as US stocks edge higher
Chipotle CEO focused on winning ‘battle for labour’ in tight job market
...law that took effect at the start of the month raised the minimum wage for fast food workers from $16 an hour to $20....
April 24, 2024
Letter
Letter: No surprise Americans put aside so little in pensions
...The article, however, fails to note one of the key determinants of the problem: low wages. Close to 52mn Americans, a third of all workers, earn less than $15 per hour....
April 12, 2024
Brewdog Plc
BrewDog drops pledge to pay all staff the UK living wage
...The company said in a letter to staff — published on Wednesday by the trade union Unite — that new staff members would be hired at the statutory minimum wage rate, which stands at £10.42 an hour and is set...
January 10, 2024
EU employment
Eurozone collective wage growth slows for first time since 2022
...The first slowdown in the figure since the second quarter of 2022 comes after ECB policymakers said they wanted clear evidence of wage pressures moderating and not being passed on via higher prices before...
February 20, 2024
FirstFT
FirstFT: US Senate passes $95bn bill including Ukraine security aid
...Tesla shares, which have fallen 40 per cent this year, rose more than 12 per cent in after-hours trading. Read more on the carmaker’s plans and market reaction. 3....
April 24, 2024
Marks & Spencer Group PLC
M&S joins other grocers in raising employees’ hourly pay
...The latter is set to rise to £11.44 an hour in April....
February 27, 2024
Budget 2024: As it happened
Rates paid to childcare providers to be guaranteed
...earning at least the equivalent of a 16-hour minimum wage job....
March 6, 2024
UK politics
Free childcare plan risks lowering standards in England, says watchdog
...The assistance will be available to families with two working parents earning at least the equivalent of a 16-hour a week minimum wage job and who both individually earn under £100,00 a year....
April 23, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
News in-depthUK Budget 2024
Chancellor’s pledges not enough to fix UK’s childcare system, warn providers
...inflation and the increase in the statutory minimum wage....
March 5, 2024
LexJapanese business & finance
Robot stores will keep Japan’s labour costs down Premium content
...Most are open 24 hours a day, seven days a week. Their sheer number — Seven-Eleven Japan alone has over 21,000 in the country — makes the sector highly sensitive to wage inflation....
February 14, 2024
US economy
Why isn’t Joe Biden getting credit for America’s sturdy jobs market?
...Sure, more workers not doing the traditional 9 to 5 can be a sign of dynamism, but in some places it can also be an indicator of limited opportunities and the need to take on more hours just to make ends...
April 10, 2024
News in-depthEurozone inflation
Why the ECB should still be worried about wages
...That compares with annual wage growth of 4.1 per cent in the US and 6.5 per cent in the UK, according to the latest data....
January 28, 2024
News updates from February 2: US adds 353,000 jobs in January, US hits Iraq and Syria after drone deaths
Fed’s Bowman cites strong jobs market as ‘upside’ risk to rate cutting plans
...Commenting on the jobs report, Bowman said the data “indicated a pickup in wage inflation in recent months” and that “some businesses continue to report above-average wage increases to compensate for inflation...
February 2, 2024
News updates from January 18: US Congress passes bill to avert government shutdown, Pakistan strikes targets in Iran
Walmart boosts average store manager salaries to $128,000
...Last year, Walmart raised starting pay for all stores to $12 to $14 per hour, and said on Thursday that its US average hourly wage will soon exceed $18....
January 18, 2024
News in-depthAutomobiles
How VW and Toyota became the targets of an emboldened US union
...That is less than both the wages at Toyota’s vehicle assembly plants and the $40 an hour recently agreed at Ford, GM and Stellantis....
April 4, 2024
Deutsche Bank AG
Deutsche Bank’s €12-an-hour workers gear up for a fight
...He points to discount retailers Aldi and Lidl as well as online giant Amazon, which pay at least €14 per hour to their lowest-skilled workers. Next year, the national minimum wage will rise to €12.41....
November 22, 2023
Angela Rayner
Labour promises to work with business
...The New Deal will introduce basic rights from day one of employment, banning exploitative zero-hours contracts, ending fire-and-rehire and introducing a genuine living wage....
February 18, 2024
Camilla Cavendish
We are nowhere near solving the childcare conundrum
...But the best way to maximise children’s learning and social skills is to pay staff a professional wage and operate for limited hours. For a toddler, a full day is exhausting....
April 5, 2024

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