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Fall in UK workers’ real pay likely to squeeze living standards

Monday, 05 June 2017

Private sector employers blame the costs involved in rolling out the government’s auto-enrolment pension scheme and Apprenticeship Levy for below-inflation salary increases. UK employers are expecting to award median pay increases of only 1% this year, which is lower than at any other time over the last three and a half years. The Labour Market […]

John Lewis takes £36m profits hit to cover minimum wage error

Friday, 12 May 2017

The country’s largest employee-owned company said the problem was a technical one based on its use of pay averaging. UK department store chain John Lewis has taken a £36 million profits hit to cover potential back payments to staff after breaching national minimum wage rules. The country’s largest employee-owned company said the problem related to […]

UK employers must crack down on excessive exec pay to rebuild public trust, warn MPs

Monday, 24 April 2017

Ministers on the business, energy and industrial strategy Select Committee also called on companies to publish pay ratios between senior leaders and their employees in order to boost transparency. UK employers must clamp down on excessive executive pay and boost boardroom diversity to restore public trust following a recent series of high-profile corporate scandals, MPs […]

HMRC payroll tax probes yield £705 million

Wednesday, 12 April 2017

Payroll is expected to remain a key focus for the foreseeable future Payroll tax probes by Her Majesty’s Revenue & Customs (HMRC) have netted £705 million in additional payments, according to Pinsent Masons. The government agency collected an extra £322 million from small-to-medium enterprises (SMEs) and £383 million from large businesses over the last financial […]

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