Economy

Sheila Attwood Editor's message: HR and reward professionals need to keep track of inflation rates, labour market data and other key indicators to understand the context in which their organisation is recruiting, retaining and rewarding their employees.

Official statistics from the Office of National Statistics show that despite slow economic growth, the labour market has held up well and unemployment has fallen. With both CPI and RPI inflation at low levels, this has yet to feed through into upward pressure on pay awards or earnings.

Sheila Attwood, managing editor, pay and HR practice

New and updated

  • Date:
    23 March 2017
    Type:
    Legal guidance

    Does the recent spate of employment status cases have implications for all employers, or just for the gig economy sector? Fiona Rushforth analyses the Uber, CitySprint and Pimlico Plumbers cases for indications of a shift in approach to the classifications of worker or self-employed status.

  • Inflation

    Type:
    Indicators

    Updated to include official inflation data from the ONS for February 2017, along with the latest forecasts from our panel of economists. The next ONS release date is 11 April 2017.

  • How to use inflation statistics in pay setting

    Type:
    How to

    Updated to reflect the ONS adopting the CPIH as its preferred measure of inflation from 21 March 2017, and ceasing publication of a number of lesser-used inflation measures.

  • Working hours

    Type:
    Indicators

    Updated to include official statistics from the ONS on average weekly hours worked in the UK for the three months to the end of January 2017. The next ONS release date is 12 April 2017.

  • Employment

    Type:
    Indicators

    Updated to include the latest official statistics from the ONS on employment and unemployment, and labour market forecasts from HM Treasury and ManpowerGroup. The next ONS release date is 12 April 2017.

  • Spring Budget 2017: T-Levels and taxes on self-employed

    Date:
    9 March 2017
    Type:
    News

    Philip Hammond used the Spring Budget to launch a series of measures aimed at boosting technical skills and productivity and raising tax contributions from workers who are self-employed or who operate through limited companies.

  • Apprenticeship levy

    Date:
    9 March 2017
    Type:
    Editor's choice

    New apprenticeship levy for large employers with a paybill of more than £3 million per year will be payable with effect from 6 April 2017.

  • Recruitment

    Type:
    Indicators

    Updated to include data for February 2017 on the availability and recruitment of permanent and temporary staff from IHS Markit/Recruitment & Employment Confederation. The next figures are due to be published on 7 April 2017.

  • Date:
    6 March 2017
    Type:
    Legal guidance

    Are you firming up plans for spending your apprenticeship funding once the levy comes in next month? One avenue worth exploring is degree apprenticeships, and training providers can help your organisation test the waters. David Willett, head of propositions at the Open University, explains.

  • Acas updates its guidance to reflect gig economy developments

    Date:
    28 February 2017
    Type:
    News

    Conciliation service Acas has issued new guidance to help employers understand gig economy working, on the back of the ongoing Taylor review of modern workplaces and a slew of employment status cases.

About this topic

HR and legal information and guidance relating to the economy.