News
The 50p rate of Income Tax could be slashed as early as April 2012 because it is not generating enough return for the Exchequer.
Prime Minister David Cameron and Chancellor George Osborne are reported to be discussing the possibility of...
A German policeman has been granted an extra week’s leave each year due to the time he spends getting ready for duty.
Martin Schauder calculated how long it took him to dress in his full uniform. He claimed that it took...
Salaries are increasing, but only in certain sectors, shows research from Hay Group.
A new study from the management consultancy has shown that a shortage in talent in the renewable-energy sector has led to an increase in pay....
Investors are becoming increasingly impatient with executive pay and are being encouraged to vote against large remuneration packages.
Pirc, an independent corporate governance consultant, has advised voting against excessive...
More than 1,000 employees at failed engineering firm Jarvis stand to lose £28 million in back pay, holiday pay and other benefits.
Administrator for the firm, Deloitte, has warned that staff are unlikely to receive...
BT has begun court proceedings to gain a Government guarantee to secure its pension scheme.
The trustees of the telecoms giant are looking for the Government to underwrite its pension scheme via a “crown guarantee...
The Independent Parliamentary Standards Authority (Ipsa) has requested a budget of £6.46 million for 2010–2011.
MPs are expected to decide whether to grant the budget for the new expenses watchdog. There has...
International shipping firms may be forced out of the UK due to new rules governing the pay of foreign workers.
The regulations will require crews based overseas to receive the same pay as their British counterparts. ...
Cuts to the public sector will affect the north of England more than the south, shows new research.
The public sector will be one of the areas worse hit by the recent Budget cuts, yet research from UHY Hacker Young, has shown...
The BBC gave pay rises to its senior executives last year despite promises of a pay freeze, reveals its annual report.
The broadcaster is facing criticism following promises of a reduction in its pay bill and an executive pay...
Changing private sector pensions to follow the Consumer Prices Index (CPI) instead of the Retail Prices Index (RPI) may not be as easy as it was first hoped, says consulting group Mercer.
The group has highlighted that many...
The Liberal Democrats’ Transport Minister, Norman Baker, is urging employers to let staff work from home one day a fortnight to cut congestion and emissions.
The Minister believes that the move could be vital in...
A new poll has found that three in five bosses of small-to-medium enterprises (SMEs) will remain in daily contact with staff even while on holiday.
A poll undertaken by Eclipse Internet has shown that two-thirds of bosses will...
Scottish Water has awarded executives a share of £237,000 in bonuses, angering householders who have faced hikes in their water bill.
Publicly owned utility company, Scottish Water, has faced criticism after accounts for...
There may be a shortage of vehicles prior to the VAT increase, says Lex Autolease.
The company vehicle provider is predicting that with the VAT rise to 20 per cent in January 2011, many companies will bring forward orders for...
The BBC’s expenses bill has seen a dramatic fall following tightening up on expenses, including banning champagne purchases.
Figures from the broadcaster’s Freedom of Information Website show that since 2006 its...
It has emerged that a head teacher of a London primary school is earning £200,000 –more than the Prime Minister.
The pay received by Mark Elms from Tidemill Primary School, Lewisham, for financial year 2009...
With the increase in VAT childcare is to become even more expensive, however many parents are unaware that a tax-free childcare scheme may be available to them.
Childcare vouchers are usually run through a salary sacrifice...
The City has criticised European Union (EU) plans to cap bankers’ bonuses saying that they face losing business to non-EU countries.
Britain’s top banks fear that many bankers will turn to countries where...
More than 30 senior police officers received salaries in excess of £150,000 in 2008/9.
Findings from the Daily Telegraph have shown that 31 officers now earn more than £150,000, up from 29 in 2007/8. The...
The financial services sector is the most positive about the about the coming year with a renewed focus on reward, shows research from reward experts at Thomsons Online Benefits.
Nearly 70 per cent of financial service...
Steve Webb, Minister for Pensions, is determined that auto enrolment to pensions should be an enduring legacy.
A review of the scheme is currently under way to ensure that the policy is right.
Speaking at...
Since July 2008 the projected annual retirement income for a 60-year-old has decreased by more than £3,000.
According to data from Aon Consulting, falling pension pots will also have an effect on 65-year-olds who can now...
Francis Maude, Minister for the Cabinet Office and Paymaster General, has announced emergency legislation to cap redundancy payments for the civil service.
The legislation comes ahead of the prospect of severe cuts in the civil...
Ministers are intending to let health service employers set their own pay structures, moving away from the current uniform structure that stretches across the country.
As part of the reforms to the National Health Service (NHS...
The Pension Protection Fund (PPF) has announced that the final-salary pension scheme deficit has widened during the month of June.
The PPF said that the deficit has now extended to £21.8 billion, spread across 6,653...
The UK’s largest police force’s Chief Constable and his Deputy have forgone their bonuses, showing that the effect of budget cuts are starting to be felt.
The two constables from Strathclyde Police took the decision...
The UK workforce takes around 35 million sick days a year for personal reasons, rather than for a genuine illness, says Aon Consulting.
According to a survey from the firm, more than one in five UK workers admitted that on...
The relationship between payroll and finance has traditionally been testing. However, information sharing and mutual support is critical to the efficiency of any business, as our article on page 26 explains.
Voluntary benefits...
