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Insight and analysis

04 Aug 2015

Strong pound contributes to stalling UK exports.

UK manufacturing PMI rose in July from a 26-month low in June of 51.4 in June to 51.9 in July. It remained below the average for the current sequence of growth that began in April 2014 (54.3). The survey, conducted by Markit/CIPS revealed that the pound, which has risen to a seven year high after a third Greek bailout, is holding back UK exports despite a rise of orders from the Eurozone. Rob Dobson, Senior Economist at survey compilers Markit said, “Although...

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03 Aug 2015

Businesses could save millions as new legislation surrounding wage deduction claims is introduced

Employers are set to save considerable amounts, previously lost to outdated wage deduction claims, following updates to legislation governing remuneration arrears claims. The amendments came into effect on July the 1st, limiting the time-frame in which employees can place a claim to retrieve unlawful wage deductions and has the potential to save businesses in the region of millions. In the past, employers have received claims dating back years, a practise that is estimated to...

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