Jul 29, 2022 | All Members, Holiday Pay, Pay
Tens of thousands of employees on term-time contracts or on similar contractual arrangements could be entitled to back pay after a ruling by the UK Supreme Court. This decision will have wide-reaching implications for any organisations that engage zero-hours,...
Jun 24, 2022 | All Members, Pay, Pensions
The BT, Marks and Spencer and Ford UK pension schemes began their legal challenge yesterday to the government’s decision to replace the Retail Price Index (RPI) method of calculating inflation with the housing cost-based version of the Consumer Price Index known as...
Jun 16, 2022 | All Members, Pay
The one-off payment of £1000 to all Lloyds staff in grades A-G is to be welcomed but why didn’t the bank just negotiate a proper pay deal which could have dealt with the cost of living crisis once and for all. We’ve been telling it for months about the cost of living...
May 10, 2022 | All Members, Pay
It’s ironic that almost to the day the worst pay deal in living memory became effective, Accord started talking about the cost-of-living crisis, inflation and the bank’s profits. It now says it wants the bank to “make a one-off discretionary payment”. Does Accord not...
Feb 25, 2022 | All Members, GMP Court Case, Pay
In the glossy video accompanying the bank’s new strategy, which we will discuss in more detail in a separate Newsletter, Charlie Nunn, Group Chief Executive, was asked what was “the toughest question you’ve been asked so far in preparing for this announcement?”. He...
Jan 6, 2022 | All Members, Pay
In a report published on the 29th December, the Resolution Foundation, a well-respected think-tank focused on improving the living standards for those on low to middle incomes, said that 2022 would be the “year of the squeeze” on people’s finances. In its quarterly...
