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UK – Recovery slow but fiscal consolidation must continue, says OECD

17 March 2011

Economic growth will be subdued this year and next in the United Kingdom, but the government must continue its difficult fiscal consolidation and structural reform programmes to return the economy to a sustainable path, according to the latest UK Economic Survey published by the Organisation for...


Switzerland – Economic expectations brighten up a little

17 March 2011

Economic expectations for Switzerland improved slightly in March 2011 when compared to February 2011, according to the latest Credit Suisse and the Centre for European Economic Research Indicator (ZEW).The indicator climbed by +3.7 points, reaching the -13.5 mark. This picture mainly results from...


UK – REC refutes UCATT claims

17 March 2011

Responding to claims made by the Union of Construction, Allied Trades and Technicians (UCATT) that employment agencies appear to be flouting health and safety rules, the Recruitment & Employment Confederation (REC) has emphasised its members' commitment to the health and safety of the UK wor...


UK – Proposals to reform/abolish IR35 could add millions to employment costs

16 March 2011

The Office for Tax Simplification (part of HM Treasury) has published proposals to reform or abolish IR35, the test which is used to determine a worker's employment status.One of the proposals is that income tax and National Insurance Contributions (NICs) should be merged, thereby removing the ta...


UK – Periscope acquired by Aspire Global Network

16 March 2011

Staffing firm, Aspire Global Network (formerly known as pfj) has acquired a majority stake in Periscope, the specialist recruitment company serving the creative and design sectors.This is the group's third acquisition in as many years. Aspire Global Network now comprises pfj, The Graduate Recruit...


Europe – Labour cost up +2%

16 March 2011

Hourly labour costs in the Euro area (EA16) rose by +1.6% in the year up to the fourth quarter of 2010, compared to +0.9% for the previous quarter. In the entire European Union (EU27), the annual rise was +2.0% up to the fourth quarter of 2010, compared to 1.2% for the previous quarter according...


World – People willing to globetrot for the right job

16 March 2011

More than three quarters of respondents around the world would be willing to move for the right job, with 34% prepared to relocate to another country or continent, according to the latest survey from workforce solutions provider, Kelly Services.The findings are part of a new report, The Evolving...


UK – Unemployment slightly up to 7.9%

16 March 2011

The employment rate for those aged from 16 to 64 for the three months to December 2010 was 70.5%, down -0.3 on the quarter. The number of people in employment aged 16 and over fell by -68,000 on the quarter to reach 29.12 million, according to the latest Labour Force Survey, published today by th...


Ireland – Unemployment reaches 14.7%

16 March 2011

Employment declined by -3.4% (-64,500) to 1,823,200 in the year to the fourth quarter of 2010. This compares to an annual decrease of -3.7% in the previous quarter and a decrease of -8.1% in the year to the fourth quarter of 2009, according to the latest household survey published by the Central...


Germany – Economic sentiment drops

16 March 2011

The Indicator of Economic Sentiment for Germany published by the Centre for European Economic Research (ZEW) has dropped by -1.6 points in March 2011.The indicator now stands at 14.1 points. This value is below the indicator's historical average of 26.7 points.Overall, the indicator shows that fi...