Demsa

From the desk of Kevin Still General The FCA continues to be in the news around their own contract & pay reform. We have previously reported on the potential talent drain. The Unite union which represents staff at the regulator announced on Tuesday 1 February that FCA Unite members had voted by 87% in support of industrial action against proposed cuts to pay and conditions. This doesn’t look a great outcome for regulated firms if this actually proceeds in a… Read more

From the desk of Kevin Still General Research by the Institute for Fiscal Studies (IFS) has found that the latest increase in the UK state pension age has led to record highs in employment among 65-year-olds. The study found that around 55,000 more 65-year-olds were in paid work in 2021 as a result of the gradual rise in the pension age. The IFS said that in the most deprived fifth of areas, the employment rate for women aged 65 or… Read more

From the desk of Kevin Still A core theme to many of the posts today relates to the rising cost of living that is aligned with the rise in inflation reported by ONS.    Link: https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/december2021 In advance of the SFS review of the FY 2022/23 figures next week, I have been in dialogue with MaPS around the recent announcement from BT of their above inflation price increases (9.3%) at the end of March 2022. This is relevant to the… Read more