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05/09/2011
Other News In Brief
Bosses Bonuses Up 187%
The average bonus for company directors has risen by 187% since 2002 new research has revealed. The High Pay Commission said on Monday the average annual bonuses for FTSE 350 company bosses were worth 48% of salary in 2002, but have risen to 90% this year. Commission chairman Deborah Hargreaves the growth of performance related pay was adding to complexity in pay packages", and had led to increased pay for bosses despite "no real corresponding increase in corporate performance”. The Department for Business, Innovation and Skills said it would study the report, which it called "interesting".
FTSE Falls Over Fannie/Freddie Felony Fears
The index charting the top 100 UK companies has dived after major domestic banks were hit with an American lawsuit connected to the Sub-Prime mortgage scandal. Royal Bank of Scotland and Barclays both lost over 7% while HSBC took a 1% hit after the Federal Housing Finance Agency (FHFA) filed claims against them and 14 other banks over their sale of home loans. The lawsuit claims the UK banks misrepresented the value and security of the loans sold. The realisation that many so called 'sub-prime' or zero-deposit loans would not be honoured by customers sparked the 'credit crunch' financial crises. RBS, HSBC and Barclays could be forced to pay out more than £5 billion in damages, according to reports.
CIA Document Claims UK Complied With Rendition
David Cameron has had to order an independent inquiry into allegations of CIA and MI5 collusion with the Libyan Government over illegal "torture flights" known as "rendition". Documents found in Muammar Gaddafi's Government buildings on Sunday have revealed British intelligence agencies mounted their own "rendition" operation in collaboration with Gaddafi's security services. The cache of secret Libyan government documents found in Tripoli sate that the British and Libyans worked together to arrange for a terrorism suspect to be removed from Hong Kong to Tripoli – along with his wife and children – despite the risk that they would be tortured. The document suggests the CIA was not involved in the planning of the rendition operation, but was eager to become engaged during its execution and offered financial support. Over the weekend, it also emerged that British intelligence officers had a "cosy relationship" with their Libyan counterparts, exchanging gifts and information as late as the beginning of this year.
(DW/CD)
The average bonus for company directors has risen by 187% since 2002 new research has revealed. The High Pay Commission said on Monday the average annual bonuses for FTSE 350 company bosses were worth 48% of salary in 2002, but have risen to 90% this year. Commission chairman Deborah Hargreaves the growth of performance related pay was adding to complexity in pay packages", and had led to increased pay for bosses despite "no real corresponding increase in corporate performance”. The Department for Business, Innovation and Skills said it would study the report, which it called "interesting".
FTSE Falls Over Fannie/Freddie Felony Fears
The index charting the top 100 UK companies has dived after major domestic banks were hit with an American lawsuit connected to the Sub-Prime mortgage scandal. Royal Bank of Scotland and Barclays both lost over 7% while HSBC took a 1% hit after the Federal Housing Finance Agency (FHFA) filed claims against them and 14 other banks over their sale of home loans. The lawsuit claims the UK banks misrepresented the value and security of the loans sold. The realisation that many so called 'sub-prime' or zero-deposit loans would not be honoured by customers sparked the 'credit crunch' financial crises. RBS, HSBC and Barclays could be forced to pay out more than £5 billion in damages, according to reports.
CIA Document Claims UK Complied With Rendition
David Cameron has had to order an independent inquiry into allegations of CIA and MI5 collusion with the Libyan Government over illegal "torture flights" known as "rendition". Documents found in Muammar Gaddafi's Government buildings on Sunday have revealed British intelligence agencies mounted their own "rendition" operation in collaboration with Gaddafi's security services. The cache of secret Libyan government documents found in Tripoli sate that the British and Libyans worked together to arrange for a terrorism suspect to be removed from Hong Kong to Tripoli – along with his wife and children – despite the risk that they would be tortured. The document suggests the CIA was not involved in the planning of the rendition operation, but was eager to become engaged during its execution and offered financial support. Over the weekend, it also emerged that British intelligence officers had a "cosy relationship" with their Libyan counterparts, exchanging gifts and information as late as the beginning of this year.
(DW/CD)
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26 September 2008
Funding Boost Of £455m For Equal Pay Claims
Funding of £455m will be awarded to councils in England to allow back payments relating to thousands of equal pay claims from women workers. In a move to speed up long-term commitments to achieving equal pay for all council workers, local government minister John Healey gave the go-ahead to 34 councils to raise the money through capitlisation.
Funding Boost Of £455m For Equal Pay Claims
Funding of £455m will be awarded to councils in England to allow back payments relating to thousands of equal pay claims from women workers. In a move to speed up long-term commitments to achieving equal pay for all council workers, local government minister John Healey gave the go-ahead to 34 councils to raise the money through capitlisation.
19 August 2014
New Data Shows Women Hit By 'Mid-Life Pay Crisis'
Female managers over 40 years old are earning 35% less than men, according to new data by the Chartered Management Institute (CMI) and XpertHR. To earn the same as a male manager over a career, a woman would have to work the equivalent of over 14 years more.
New Data Shows Women Hit By 'Mid-Life Pay Crisis'
Female managers over 40 years old are earning 35% less than men, according to new data by the Chartered Management Institute (CMI) and XpertHR. To earn the same as a male manager over a career, a woman would have to work the equivalent of over 14 years more.
01 September 2011
Commission On Minimum Wage Visit
Two Low Pay Commissioners are to visit London next week on a fact-finding visit about the National Minimum Wage. The visit is one of a number of planned trips the Low Pay Commission is making around the UK during 2011 to "gather information on how the minimum wage is operating".
Commission On Minimum Wage Visit
Two Low Pay Commissioners are to visit London next week on a fact-finding visit about the National Minimum Wage. The visit is one of a number of planned trips the Low Pay Commission is making around the UK during 2011 to "gather information on how the minimum wage is operating".
27 February 2006
Report highlights gender pay gap in the UK
Women are still being paid less than men, thirty years after the introduction of equal pay legislation, a new report has found. The government-commissioned "Shaping a Fairer Future" report from the Women and Work Commission found that women are earning 17% less than men. This was "bad for women and bad for Britain", the report said.
Report highlights gender pay gap in the UK
Women are still being paid less than men, thirty years after the introduction of equal pay legislation, a new report has found. The government-commissioned "Shaping a Fairer Future" report from the Women and Work Commission found that women are earning 17% less than men. This was "bad for women and bad for Britain", the report said.
09 February 2006
Parliament cleaners receive pay rise
Cleaners at the Houses of Parliament are to receive a pay rise, after settling their long-running pay dispute. The workers' rate of pay will increase in stages from £5.20 to £6.70 per hour by next January, under the terms of a deal agreed with the Transport and General Workers Union.
Parliament cleaners receive pay rise
Cleaners at the Houses of Parliament are to receive a pay rise, after settling their long-running pay dispute. The workers' rate of pay will increase in stages from £5.20 to £6.70 per hour by next January, under the terms of a deal agreed with the Transport and General Workers Union.
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Northern Ireland WeatherToday:A chilly start with a widespread frost and some freezing fog, any freezing fog slow to clear. Otherwise bright with sunny spells and coastal showers. Light winds. Maximum temperature 6 °C.Tonight:Coastal showers dying out with a widespread frost developing along with freezing fog, which could become extensive. Winds remaining light. Minimum temperature -3 °C.
