The Economy

MPC Minutes October 2013

Minutes of the Monetary Policy Committee Meeting held on 8 and 9 October

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Bank of England base rate remains unchanged at 0.5 per cent

Bank of England's Monetary Policy Committee vote to maintain the Bank Base Rate at 0.5 per cent.

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Shareholders given greater power over executive pay

New regulations introduced by business secretary, Vince Cable, has given shareholders greater powers to influence executive remuneration.

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Shrinking wage gap will re-shape global business, PwC study finds

The narrowing wage gap between the UK and emerging economies such as China, India and the Philippines will have major implications for business, according to research by PwC reported in HR Magazine.

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Action needed on living wage

Employee Benefits reported that low pay came under the spotlight last month when the Social Mobility and Child Poverty Commission called on the government to develop a low-wage strategy to raise the bottom rungs of the UK’s pay ladder.

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Large companies show restraint as executive bonuses drop for second consecutive year, says PwC research

FTSE350 executives have seen their bonuses fall for the second year in a row and one in ten received no bonus at all in 2013, according to PwC’s annual executive pay survey of large UK companies.

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Ban on consultancy charges in auto-enrolment pension schemes

Legislation banning consultancy charges on auto-enrolment schemes has come into force.

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Pay Trends 2013-14

Peter Brown takes a look at the early results of the latest UK Reward Management Survey

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Retail industry increased - latest ONS estimates

Year-on-year estimates for August 2013 showed that the quantity bought in the retail industry increased by 2.1 per cent. This continues the underlying pattern of growth seen since April 2013.

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MPC Minutes, September 2013

Minutes of the Monetary Policy Committee meeting held on 3 and 4 September 2013

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