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National minimum wage increases

An article from the 3rd October 2016 Workers earning the national minimum wage (NMW) have received a pay rise as of 1 October 2016. 270,000 workers aged 21 – 24 earning the NMW have seen their hourly wage rise by 25p an hour to £6.95. Those working 35 hours a week...

Home ownership more important than pensions for under 35s

Saving towards a new home is 3 times more important than saving for a pension for under-35s, according to research by Nottingham Mortgage Services. 25% of the over 1000 adults surveyed said that their top priority is raising funds towards buying their first property...

Lack of clarity on apprenticeship levy among businesses

39% of business owners still have no understanding of the forthcoming apprenticeship levy, according to research by the British Chambers of Commerce (BCC). 30% of the 1600 medium-sized businesses (employ between 50-249 employees) surveyed will have to pay a levy of...

People uncertain on when they will retire

More than one third of working adults are uncertain on when they will retire, according to research by Platforum. 30% plan to work either full time or part time beyond the state retirement age, which is currently 65. Uncertainty is higher among women with 39% having a...

New Prompt Payment Code measures announced

New measures to support Prompt Payment Code (PPC) have been backed in a letter sent to PPC signatories from Small Business Minister, Margot James and chief executive of the Chartered Institute of Credit Management, Philip King. The letter confirms that paying invoices...