Measures that were implemented to give shareholders the powers to veto excessive executive pay packages have failed according to new research from a think tank.
HM Revenue and Customs (HMRC) has toughened its stance on debt recovery, by taking money owed to them directly from hundreds of pay packets during the last financial year.
Business owners in the UK are being reminded to take sufficient measures to prepare their businesses for the upcoming changes to legislation regarding payroll, which will come into force on the 6 April 2019.
In November, Britain saw the largest rise in overall real wages since September 2016, raising the spending power of the average British worker to the highest it has been in two years.
New regulations come into force today, 02 January 2019, to make companies “justify their pay” for top bosses, the Government has revealed.
According to the latest figures from the Office for National Statistics (ONS), wages rose at the fastest pace in nearly a decade in the three months to September.
According to figures from the Institute for Fiscal Studies (IFS), earnings for UK workers are still lower than they were in 2008, having failed to recover in the decade since the financial crisis, with millennials the hardest hit.
Over a third of small and medium-sized enterprises (SMEs) are offering flexible working hours in a bid to support their staff, compared to just under a quarter of larger firms.
The Government has today ‘named and shamed’ a further 239 employers found to have paid workers less than the National Minimum Wage.