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Category Archives: Earnings

Increasing pay gap between public and private sector workers

A study just published by the Office for National Statistics (ONS) shows that in April 2011 the average worker in the public sector received 8.2% more in hourly pay than an average worker in the private sector. This compares with differences of 7.8% in 2010 and only 5.3% in 2009. Why is the gap getting wider? Many would argue that … Continue reading

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Stratospheric increases in pay are damaging the UK economy

Not my words, but the words of the High Pay Commission. After 12 months of study, this body, set up with charity funding to look at the pay of top executives, said that: “Stratospheric increases in pay are damaging the economy – distorting markets, draining talent from key sectors and rewarding failure” The study compared Directors’ pay in the top … Continue reading

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National Minimum Wage increased

The National Minimum Wage (NMW) has been increased this week by 15p to £6.08 per hour, for adults aged 21 or over. At the same time, the development rate, for those aged 18-20 has gone up by 6p to £4.98 per hour, and for those in the 16-17 year old category the rate has risen by 4p to £3.68 per … Continue reading

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Fall in UK unemployment

Unemployment, measured by the Labour Force survey, fell by 36,000 in the three months to March 2011, to reach 2.46m. This is according to official statistics just released by the Office for National Statistics. This means that the unemployment rate was down 0.1 percentage point on the quarter, to reach 7.7%. The number of men unemployed fell by 31,000 to … Continue reading

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UK unemployment rises to 2.53 million

In the three months to January 2011, unemployment reached 2.53 million, which is the highest figure since 1994, according to figures from the ONS. This means that the unemployment rate has reached 8%, up 0.1% from the previous three-monthly period, as an additional 27,000 people lost their jobs. However, by contrast, the numbers claiming Jobseeker’s Allowance (the claimant count) actually … Continue reading

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UK unemployment increases again

More bad news! Unemployment has risen, following on from yesterday’s rise in prices. Unemployment rose by 44,000 to reach almost 2.5 million in the three months to the end of December, according to statistics published by the Office for National Statistics earlier today. This gave an unemployment rate of 7.9%, which was up 0.1% on the quarter. The unemployment rate … Continue reading

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Small drop in unemployment

In the three months to September, the total number of people unemployed fell by 9,000 to reach 2.45 million. This gave an unemployment rate of 7.1% which was 0.1% down on the quarter. The picture is similar when we look at those claiming Jobseeker’s Allowance (also called the claimant count), with a fall of 3,700 between September and October, to … Continue reading

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Unemployment reaches 2.5 million

The latest unemployment figures take a bit of unravelling. The headline figure for the three months to February, using the Labour Force Survey measure, was up by 43,000 over the quarter to reach 2.5m. This is the highest figure since 1994. This gave an unemployment rate of 8.0% which was up 0.1% on the previous quarter. This is bad news. … Continue reading

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What are the implications of the rise in prices last month?

So, inflation is still on the rise. The government’s target measure of CPI rose from 3.0% in February to 3.4% in March. This was mainly due to the cost of gas and petrol prices and a spike in food prices. A weak level of sterling is coupling with very high prices for oil and other commodities, and on top of … Continue reading

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500,000 public sector jobs at risk

Once we’ve decided to which political party we are going to say “squeeze me I’m yours”, we are then going to be well and truly squeezed. And those in the public sector are going to be squeezed more than most. This prospect has led the Chartered Institute of Personnel and Development (CIPD) to say that more than half a million … Continue reading

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