The Economy

Pay awards remain stuck at 2 per cent

Personnel Today reported XpertHR's latest data, covering the three months to the end of June 2013, revealed that the level of pay rises remained stubbornly low at 2 per cent, well below the pre-recession norm of 3.0 per cent -3.5 per cent.

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Youth Contract branded a 'disaster' after only 4,690 young people find work

HR magazine reported that youth unemployment fell this month by 20,000 to 959,000, putting the jobless rate of 16 to 24-year-olds at 20.9 per cent.

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CJEU rules on collectively agreed pay rises

Employee Benefits reports that the European Court of Justice (CJEU) has ruled that collectively agreed pay rises should not survive Transfer of Undertakings (Protection of Employment) (Tupe) regulations.

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Boost for women in boardroom as companies seek fresh skills

More first-timers and more women are joining the upper ranks of Britain’s biggest companies, offering fresh evidence that the make-up of blue-chip boardrooms is changing for good.

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Markit Household Finance Index hits survey-record high in July

The Household finance sentiment is the strongest since the survey began four-and-a-half years ago with workplace activity increasing at fastest rate since March 2010, contributing to reduced job insecurities and higher levels of income from employment. Whilst inflation perceptions still remain lower than those recorded on average in 2011 and 2012

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MPC Minutes, July 2013

The minutes from the Monetary Policy Committee meeting, held on 3 and 4 July 2013 have now been released.

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More action needed to help the near million strong long-term unemployed

The current UK unemployment rate is 2.7 percentage points higher than its pre-recession level with 2.5 million people still out of work in the UK

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

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 per cent. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375 billion.

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UK service sector registers fastest rise in activity for over two years

Latest research from CIPS/Markit Economics, see the strongest gain in new business in the service sector since June 2007. Employment rose at the sharpest pace for just under six years whilst business confidence hit 14-month high.

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Public sector austerity measures hitting women hardest

Figures show that twice as many women as men have lost jobs in local government since the coalition came to power in 2010.

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