The Economy

TUC welcomes Bank of England's unemployment target for interest rates

Trade Union Congress (TUC) General Secretary Frances O'Grady comments on the Bank of England's announcement that they will not raise interest rates until unemployment has fallen below seven per cent.

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Zero hours contracts more widespread than thought - but only minority of zero hours workers want to work more hours

New CIPD research suggests that there could be about one million zero hours workers in the UK - but just 14 per cent report that their employer often fails to provide them with sufficient hours each week.

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Bank of England to keep interest rates low to boost economy

The Bank of England is expected to signal this week that interest rates will remain low for several years to spur the economy, despite growing evidence that the recovery is gathering pace.

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Satisfaction more important than pay August 2013

Gaining satisfaction from work is more important to staff contentment than salary levels, according to findings from Capital One.

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Business activity rises in July at fastest rate since late 2006

Markit/CIPS reports that the UK service sector expanded at its quickest pace for over six-and-a-half years in July as new business continued to rise strongly amid evidence of an improvement in market conditions. The strong gain in new work placed pressure on capacity, leading to a marked increase in backlogs of work and encouraged solid payroll growth.

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Bank of England maintains Bank Rate at 0.5 per cent, August 2013

The Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 per cent

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Growth of UK manufacturing production and new orders surges higher in July

According to the latest research from Markit Economics and CIPS, the UK manufacturing sector has seen growth in both production and new orders July.

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Personal Well-being in the UK, 2012/13

The Office for National Statistics (ONS) has released its latest wellbeing data. It seems to show that we're a little happier than we were last year.

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Inadequate minimum wage isn't working, says its chief architect Sir George Bain

The Independent newspaper today reported some interesting views about the level of the National Minimum Wage.

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Employee share schemes have seen a lot of activity over the past month.

Employee Benefits reported that the employees at Sports Direct and the Royal Mail were among those to enjoy a shares payout.

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