Business news

Businesses leaving employees in the dark about rewards and pay

17 May 12

Companies failing to communicate with employees about their remuneration package, including salaries and benefits, are 'wasting' their money and failing to reap the benefits, research carried out by the Chartered Institute of Personnel and Development (CIPD) has claimed.

Millions set to retire on less than the minimum wage

17 May 12

More than six million of the UKs over 50s will live on less than the minimum wage in retirement, a new survey has found.

UK unemployment falls while part time workers are on the up

16 May 12

Unemployment in the UK has fallen by 45,000 between January and March, taking the total of unemployed individuals in the UK to 2.63 million, according to figures from the Office for National Statistics (ONS).

Northern Ireland corporation tax cut could 'change economy overnight'

16 May 12

Pressure on the Treasury to allow Northern Ireland the power to set its own rate of corporation tax is mounting, after the Confederation of British Industry (CBI) said a lower rate could improve the country's economy 'overnight'.

Confusion over PPI compensation and tax liability

15 May 12

Individuals receiving compensation for mis-sold payment protection insurance (PPI) are unaware they may be liable to pay tax on awarded payments, after HMRC clarified its position on PPI and taxation.