Topics

Economy

Sheila Attwood Editor's message: The state of the economy in which an organisation operates will impact on its level of business, and how easy, or otherwise, it is to recruit and retain the staff it needs. HR and reward professionals can keep track of inflation rates, labour market data and other key economic indicators to understand the context in which their organisation is recruiting, retaining and rewarding its 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. Both CPI and RPI inflation measures show strong price rises, which is finally feeding through into upward pressure on pay awards and earnings.

Sheila Attwood, managing editor, pay and HR practice

New and updated

  • IR35 changes have 'seriously damaged' the NHS

    Date:
    22 June 2018
    Type:
    News

    Changes to self-employment tax rules have "seriously damaged" the NHS and the public sector, according to research by the Association of Independent Professionals and the Self-Employed (IPSE) and the CIPD.

  • Fruit industry calls for seasonal permit to avoid post-Brexit labour shortage

    Date:
    22 June 2018
    Type:
    News

    The soft fruit industry could be "crushed" by Brexit if it loses access to the thousands of seasonal workers it relies upon from EU countries, a trade body has claimed.

  • Inflation

    Type:
    Indicators

    Updated to include official inflation data from the ONS for May 2018, along with the latest forecasts from our panel of economists. The next ONS release date is 18 July 2018.

  • Labour disputes

    Type:
    Indicators

    Updated to include official statistics from the ONS for April 2018 on days lost to labour disputes and the number of stoppages. The next ONS release date is 17 July 2018.

  • 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 April 2018. The next ONS release date is 17 July 2018.

  • 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 17 July 2018.

  • Recruitment

    Type:
    Indicators

    Updated to include data for May 2018 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 6 July 2018.

  • Call for evidence on improving business productivity

    Type:
    Consultations

    The Government is seeking views on the factors that may impact on business productivity and growth.

  • House of Fraser to close half its stores

    Date:
    7 June 2018
    Type:
    News

    One of the UK's leading department stores, House of Fraser, is to close in 31 of its 59 locations including its flagship shop on London's Oxford Street.

  • Carphone Warehouse closes stores as Pret staff get £1000 bonus

    Date:
    30 May 2018
    Type:
    News

    Carphone Warehouse is to close 92 stores after the retailer became the latest to issue a profit warning, amid continuing woes on the high street. The chain's owner Dixons Carphone, however, said that staff would be redeployed to larger outlets.

About this topic

HR and legal information and guidance relating to the economy.

Economy: key resources

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