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Calls for Government to pay back £2.4 billion to public sector workers

Under a deal negotiated by unions including GMB on how to draw benefits due to the cost cap mechanism the £2 billion was going to be paid back to the workers by reducing their future pension contributions and/or improving benefits.

Contributor: George Georgiou | Published: 21 April 2019

Impact of poor employee financial wellbeing is underestimated

While 88 percent of employers think that their employees worry about money, just a third (30 percent) think money worries impact their staff while at work. However, the reality on the ground is very different. Three quarters (73 percent) of employees say that money worries impact them at work. 

Contributor: Sir Cary Cooper | Published: 4 March 2019

2019 2019

Fall in redundancy payments despite Brexit uncertainty

Despite concerns over the impact of Brexit, the UK economy has continued to grow, albeit at a slow pace. Annual UK economic growth was 1.2% in 2017-18, compared to a 2.5% growth rate in the Eurozone over the same period.*.

Contributor: Jon Taylor | Published: 23 January 2019

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Financial problems at work are a hidden epidemic

The symposium heard more than half (55 percent) of employees with financial problems admit they achieve less at work than they would like while nearly two out of three (66 percent) of those with financial worries show signs of poor mental health.

Contributor: Charlotte Duke | Published: 27 November 2018

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Third of employees have no more than a month’s savings

Over half of Britain’s workforce (55 percent) want employers to help with financial planning, new research from Neyber has found. Younger staff in particular are keen to get more support from the businesses they work for. Contributor Heidi Allan, Head of Employee wellbeing - Neyber.

Contributor: Heidi Allan | Published: 11 October 2018

2019 2019

Lack of financial provision at crisis point

More than half of adults have been out of work, yet have no financial provision in case it happens again. Despite this, one in eight say they would have to sell their family home if they lost their income. This comes as one in six admit they have no disposable income, a quarter have no savings and nine in ten don’t have income protection cover.

Contributor: Rose St Louis | Published: 19 September 2018

interest interest

Interest rate rise looms – how will markets react?

Thursday could be a hugely symbolic day if the Bank of England decides to raise interest rates above 0.5 percent for the first time since the financial crisis. However it doesn’t actually change too much on the ground. Markets are already expecting a rise, and from here on in, further hikes are going to be few and far between because UK economic growth is so fragile.

Contributor: Laith Khalaf | Published: 3 August 2018

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CFOs are cautiously optimistic  

This year’s Global Business and Spending Outlook - which surveyed 100 senior finance executives in the UK, half of whom work for companies with more than US$5 billion in annual revenue - revealed that UK CFOs are amongst the most confident in Europe. 91 percent anticipate domestic economic expansion this year compared to 79% across Europe and 85 percent globally.

Contributor: Jose Carvalho | Published: 4 July 2018

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Union warns over Asda/Sainsbury merger

Union warns a ‘bargain basement' deal could risk gambling with 330,000 people’s futures - as workers kept in dark on grocery merger. GMB, the union for ASDA workers, today issued a warning over a looming "supermarket sweepstake" after ASDA and Sainsbury's confirmed an attempted merger this morning.

Contributor: Tim Roache | Published: 3 May 2018

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Banking with Amazon?

Amazon execs are talking to JP Morgan about creating a bank service aimed at young consumers. The e-commerce fulfilment specialist ParcelHero says Amazon is pressing ahead with plans to open a banking service. David Jinks MILT, says...‘Amazon is now in discussion with JP Morgan Chase and a number of other financial organisations.

Contributor: David Jinks | Published: 9 March 2018