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Minimum-Living wage
UK ‘real living wage’ to jump to £12 an hour in 2024
...Meanwhile its London rate — which reflects the higher costs of living in the capital — will rise from £11.95 to £13.15 an hour....
October 23, 2023
Labour Party UK
Rayner hits back at Mandelson over Labour’s worker rights pledges
...of the minimum wage....
April 1, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Zero-hours contracts
Employers are using zero-hours contracts to cut wage bills, study finds
...Without change, half of those already using flexible contracts said they would increase the share of their workforce on variable hours over the next five years....
April 24, 2024
Gavin Kelly
Lessons from a quarter century of the national minimum wage
...hit to jobs and hours....
April 1, 2024
News updates from April 4: British billionaire avoids prison for insider trading; Italy seizes assets in EU fund fraud case
UK CFOs pare back expectations of wage growth
...Wage growth expectations have been stuck above 5 per cent for most of the past two years. The drop in March will support the view that the BoE will be able to start cutting interest rates in mid-2024....
April 4, 2024
News in-depthUK economy
Jump in UK minimum wage keeps Bank of England on alert
...A second successive jump in the UK minimum wage will keep the Bank of England on high alert for signs of pay growth feeding inflation, even as broader price pressures in the economy start to ebb....
March 19, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Chris Giles on Central Banks
Will wage growth keep inflation too high? Premium content
...The data is often late (in the eurozone especially), can be distorted by the changing composition of the workforce (an influx of low wage jobs can seemingly depress wage gains), can be of poor quality (household...
February 13, 2024
Minimum-Living wage
UK pauses drive to raise minimum wage
...The Department for Work and Pensions said statutory sick pay would increase 6.7 per cent to £116.75 a week from April and that the government was funding a number of measures to support those at risk of...
March 28, 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
Autumn Statement 2023: as it happened
National living wage to be raised to £11.44 an hour
...Hunt said the government was lifting the national living wage to £11.44 an hour, the largest ever cash increase in the threshold, in an attempt to incentivise work....
November 22, 2023
Letter
Letter: Work model as radical as Smith’s division of labour
...It is time to conceive a way of working as revolutionary as that described by Adam Smith, the 18th-century Scottish philosopher and economist, in his theory of the division of labour illustrated by the example...
February 23, 2024
UK economy
UK wage growth expectations fall to 2-year low
...The drop in wage growth expectations will support the view that the central bank will start reducing rates from a 16-year high of 5.25 per cent in the summer....
April 4, 2024
News updates from March 18: Biden warns Rafah invasion would be ‘a mistake’; Nvidia unveils ‘superchip’
The week ahead: Bank of Japan to meet amid strong wage growth
...The headline acts will be the US Federal Reserve, the Bank of Japan and the Bank of England, but we will also have policy updates from (in no specific ranking order) China, Australia, Switzerland, Indonesia...
March 17, 2024
News in-depthAustralia
Australian strikes hit 8-year high as unions make up for ‘lost time’
...The Labor government is also partway through a wider revamp of industrial relations laws to extend benefits to vulnerable workers and to close “loopholes” that companies allegedly use to lower wage bills...
February 7, 2024
Transcript
Transcript: Is there a way out of Haiti’s nightmare?
...prepared, in fact, to wage warfare in the slums of Port-au-Prince....
March 14, 2024
FT Live
Business Book of the Year Award 2024
The search for the best business book is under way
Monday, 9 December1 Grosvenor Pl, London SW1X 7HJ, UK
UK inflation
UK wage expectations fell below 5% in February
...Economists said the BoE would want to see more signs of wage growth easing before cutting interest rates....
March 7, 2024
News updates from April 16: Powell says inflation fight will take ‘longer than expected’; China GDP jumps 5.3%
UK wage growth comes in higher than expected
...16 year high of 5.25 per cent....
April 16, 2024
Deutsche Bank AG
Deutsche Bank’s €12-an-hour workers gear up for a fight
...But according to Verdi, entry-level wages in a similar division at Postbank start a little above €13 an hour, while domestic rival Commerzbank pays at least €14....
November 22, 2023
US employment
US labour watchdog attracts enemies from Amazon to SpaceX
...to Kate Bronfenbrenner of Cornell University’s School of Industrial and Labor Relations....
March 14, 2024
News updates from February 13: US inflation slows to 3.1%, Gazans flee Rafah ahead of expected invasion
Traders dial back Bank of England rate cut hopes after UK wage data
...Investors pushed back their expectations on the timing of Bank of England rate cuts and sterling rose after stronger than expected wage data added pressure on the central bank in its battle to cool rising...
February 13, 2024
Letter
Letter: GDP growth and rising wages — Greece steps up
...According to the latest report by the Bank of Greece real wages have grown by 2 per cent in 2023 and are expected to grow by 2.7 per cent in 2024....
April 8, 2024
News updates from March 12: US inflation rises to 3.2%; White House warns Israel against ‘smashing into Rafah’
UK wage growth continues to slow
...UK wage growth continued to slow in the three months to January, confirming the Bank of England’s view that inflationary pressures are easing in the economy, but only gradually....
March 12, 2024
Japanese economy
Declining population: the cause of, and (possible) solution to, all of Japan’s deflationary woes
...In this situation, as indicated by the results of this year’s annual spring labor-management wage negotiations to date, it is highly likely that wages will continue to increase steadily this year, following...
March 27, 2024
Marks & Spencer Group PLC
M&S joins other grocers in raising employees’ hourly pay
...The pay bump means the majority of its workers will be paid the voluntary Real Living Wage, which is higher than the compulsory National Living Wage in the UK....
February 27, 2024
US employment
‘Employers hold the cards now’ as power shifts in US jobs market
...The Bureau of Labor Statistics says the vast majority of those not working full-time hours are doing so out of personal choice, however....
February 8, 2024

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