Jobseekers in the UK have a rocky time ahead of them, with businesses expected to put expansion and recruitment plans on hold for the foreseeable future, according to new research. The latest quarterly survey by the Chartered Institute of Personnel and Development warns that the UK jobs market is facing a “slow, painful contraction”. The [...]
According to the Chartered Institute of Personnel and Development (CIPD), more public sector job losses are being axed than originally forecast. The employers group said 610,000 jobs in the sector will be lost between 2010/11 and 2015/16 – one third more than the 410,000 the Office for Budget Responsibility (OBR) originally predicted. The group is [...]
A survey from BDO, published today, has revealed a fall in business confidence, while a separate survey has revealed employers plan to axe jobs in the third quarter. According to the Business Trends optimism index from accountants BDO, business confidence fell to 95.1 in July from 95.6 the previous month – the lowest level for [...]
The Chartered Institute of Personnel and Development (CIPD) has today provided an assessment for the UK economy. It has revised its growth forecasts to 1.4% for the 2011 year, down from its previous estimate of 1.6%. The estimate is roughly in line with other forecasts after the International Monetary Fund recently said the UK economy [...]
The Chartered Institute of Personnel and Development (CIPD) has provided a gloomy assessment for UK unemployment, suggesting it could hit a 17-year high of 2.7 million next year. The latest figures from the Office for National Statistics (ONS) show UK unemployment at just over the 2.5 million mark – at a rate of 7.9%. However, [...]
Michael Fallon, a member of the Treasury Select Committee and the Tories’ deputy chairman, has dismissed the claim from the Chartered Institute of Personnel and Development (CIPD) that more than a million jobs will be lost due to spending cuts. Yesterday, Dr John Philpott, CIPD chief economic adviser, said the private sector will be hit [...]
The Chartered Institute of Personnel and Development (CIPD) has said the private sector will be hit severely hard as a direct result of the Government’s spending cuts. Last month, Chancellor George Osborne unveiled his Comprehensive Spending Review – in what has been described as the most savage spending cuts since the Second World War. The [...]
A survey conducted by the Chartered Institute of Personnel and Development (CIPD) has revealed half of public sector workers would consider strike action in the event of pay cuts or changes to their pensions. The CIPD said 49% of workers surveyed agreed with the statement “workers have to do what’s necessary to protect their jobs [...]
The Office for National Statistics (ONS) has today revealed UK unemployment dipped in the three months to June. According to the ONS, the number of people unemployed in the UK fell to 2.457 million. The ONS said the jobless total dived by 49,000 in the three month period – representing the biggest quarterly drop since [...]
Cutbacks in the public sector will be impacting on UK jobseekers across all sectors between now and the end of the year, according to research from The Chartered Institute of Personnel and Development (CIPD). The professional body has warned that employers are expecting to make an average 5.5% headcount reduction in the remainder of 2010, [...]
The Chartered Institute of Personnel and Development (CIPD) has warned of higher unemployment if economic growth misses forecasts. According to the employment group, growth needs to be at least 2.5% between now and 2015, in order for the private sector to create sufficient jobs to offset those that would be lost as a result of [...]
A report by the Chartered Institute of Personnel and Development (CIPD) has warned that UK unemployment could reach 2.95 million, from its current 2.51 million, as a result of the Government’s planned spending cuts. According to the influential think tank, 750,000 public sector workers could join the dole queue as the new coalition Government embarks [...]
The Office for National Statistics (ONS) has today revealed that UK unemployment fell slightly in the three months to December to 2.46 million. However, the unemployment rate remains the same at 7.8%, according to the ONS. In the meantime, the number of Britons claiming jobseeker’s allowance (JSA) rose by 23,500 in January to 1.64 million [...]
A report by the Chartered Institute of Personnel and Development (CIPD) has revealed that the recession has had more of an impact on jobs than figures suggest. According to the CIPD, 1.3 million people were made redundant during the recession. Last week, the Office for National Statistics (ONS) revealed that UK unemployment fell by 7,000 [...]
The latest report from the Chartered Institute of Personnel and Development (CIPD) and financial services firm, KPMG, shows that there is still no indication that the labour market is anywhere close to returning to its former health. However, the report does show that while job losses will continue this quarter, it will be at a [...]
The Chartered Institute of Personnel and Development (CIPD) said there are signs of improved optimism among private firms with the pace of job losses slowing. However, it is a different story within the public sector with growing pessimism among firms. A survey conducted by the organisation, from 923 of its members, found that the number [...]
Unemployment in the UK has now reached 2.38 million – the highest since 1995, while the unemployment rate is up to 7.6% – the highest in over a decade. These statistics have led workers in the UK to take less sick leave for fear of losing their jobs amid the recession. In its latest Absence [...]
The Chartered Institute of Personnel and Development (CIPD) has warned of significant job losses in the public sector over the next five years. According to the organisation, as many as 350,000 jobs could be lost within the sector between now and 2015 with chief economist, John Philpott, forecasting that the recession will bring “a bloodbath [...]
The Chartered Institute of Personnel and Development (CIPD) believes Easter could bring some much awaited good news for the economy. The organisation said the worst of the job cuts could come to an end by Easter. Unemployment in the UK has soared over recent months with the figure reaching 1.97 million between October and December [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
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