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Unemployment falls to 2.51 million but out of work over 50s on the rise

July 18,2013: UK unemployment fell by 57,000 in the three months to May, the latest figures from the Office for National Statistics show. The unemployment rate in May was 7.8% of the economically active population, down 0.% percentage points from the three months between December 2012 and Feb...
Posted on Jul 18, 2013 at 11:12

Over 50s renting rises while under 25s stay at home

July 15, 2013: Countrywide’s latest lettings index of 50,000 UK properties shows a 6 per cent year-on-year increase in borrowers over 50 renting, compared to a 7 per cent year-on-year fall in the number of tenants under 25. It says the 7 per cent fall from the second quarter of 2012 to ...
Posted on Jul 15, 2013 at 10:45

Small businesses hit hard by costly public sector tender process

July 15, 2013: The findings from the Centre for Economics and Business Research (CEBR) are bad news for small and medium-sized enterprises (SMEs) which tend to lack the resources of larger firms, and therefore can be less willing or able to compete in expensive procurement processes to secure pub...
Posted on Jul 15, 2013 at 10:41

'End the scandal of the silver scrapheap'

June 24, 2013: Older workers who lose their jobs deserve higher benefits and more help, says Liam Byrne. If you ever doubt peoples’ interest in politics, just start a debate about welfare reform. You will find your audience doesn’t need much warming up. That’s what I&rsq...
Posted on Jun 24, 2013 at 16:26

UK employment projected to rise by over 850,000 by 2018

June 21, 2013: Analysis by PwC ahead of the forthcoming Spending Review on 26th June suggests solid total employment growth for the next five years, and a slightly falling unemployment trend. But real wage growth is likely to remain more subdued than in past economic recoveries. Living with A...
Posted on Jun 21, 2013 at 14:11

Economy to pick up as spending and business confidence rise

June 17, 2013: A further pick-up in the economy is in prospect with business confidence rising, consumer spending growing and pressure on household finances easing, according to survey data published on Monday. Optimism among small businesses has reached its highest level for three years wit...
Posted on Jun 17, 2013 at 13:51

Rise in over-50s turning to equity release to fund debts

June 11, 2013: Increasing numbers of over 50s are using equity release products to pay off outstanding mortgages and unsecured debts, according to a new report. Just over a quarter of funds released by Age UK Enterprises to its equity release customers were used to clear their mortgage, with ...
Posted on Jun 11, 2013 at 14:31

Startups may be thriving but growth gazelles are struggling to break out

June 10, 2013: There is little argument that small businesses hold the key to job creation. If you take an average 12 month period between 1998 and 2010, the majority of UK jobs were created by small companies, a trend which has heightened since the late 1990s. By 2010, the employment share of sm...
Posted on Jun 10, 2013 at 11:04

SMEs are unaware of initiatives designed to support them

June 7, 2013: UK SMEs are missing out on opportunities as they remain oblivious to alternative finance and government schemes. A quarter of UK small business owners are oblivious to the reduction in the rate of corporate tax, according to AXA Business Insurance. Of those who knew about it, on...
Posted on Jun 7, 2013 at 11:36

Debt fears cost more over-50s their marriages

June 5, 2013: OLDER people are facing increased financial pressures, resulting in twice as many marriages breaking down, new research published today has revealed. Debt-among-older-people-is-leading-to-a-jump-in-marriage-breakdowns Debt among older people is leading to a jump in marriage bre...
Posted on Jun 5, 2013 at 12:11

Over 50 and unemployed?

June 3, 2013: Every economic crisis comes with a rise in unemployment proportionate to the level of trouble: the more serious the recession the higher the levels of unemployment. Although not usually given to stating the obvious, it is important to use this reminder as the starting point for this...
Posted on Jun 3, 2013 at 11:38

Work longer, live healthier? How retirement can seriously damage your health

May 16, 2013: Retirement can cause a drastic decline in health, according to a study released today. Research found that both mental and physical health can suffer, said the Institute of Economic Affairs and the Age Endeavour Fellowship, who claim the Government should help people work longer...
Posted on May 16, 2013 at 14:19

Why micro-businesses could be Britain’s economic future

May 13, 2013:  IF you want to see how Britain has changed since the 1970s, look no further than our attitudes to entrepreneurship. There were around 820,000 small firms in the UK in 1971, according to an official report chaired by John Bolton, an industrialist; one of Britain’s great p...
Posted on May 13, 2013 at 10:37

Firms ignoring older workers ‘will be left behind’

May 2, 2013: Businesses which do not tap into Britain’s growing older population could suffer skills shortages and lose an important competitive edge, according to a Department for Work and Pensions (DWP) guide. Employing older workers warns employers that Britain is running out of ...
Posted on May 2, 2013 at 09:58

The growing number of unemployed over 50s

April 30, 2013: Nick Bunting, CEO of The Prince's Initiative for Mature Enterprise, looks at the recent ONS labour market statistics, and the growing number of unemployed over 50s. I wasn’t too surprised to read last week that employment was virtually unchanged from September to Nov...
Posted on Apr 30, 2013 at 14:01

Skills gap is hindering growth for UK businesses

April 29, 2013: UK business leaders are calling for the Government to prioritise initiatives that help foster a skilled workforce as nearly two thirds of UK CEOs (65%) say a lack of key skills is hampering their growth prospects. A global PwC survey of over 1,300 CEOs reveals UK business lead...
Posted on Apr 29, 2013 at 14:36

How positive start-up innovation is making full-time work redundant

April 29, 2013: ASK a business owner 20 years ago how big their company was and, like the pharaohs, he or she would soon tell you how many people they employed. Full-time staff numbers denoted personal achievement and the business’s (and owner’s) social value. Today, precisely the...
Posted on Apr 29, 2013 at 10:50

Over 60s must keep working as Britain 'is running out of workers'

April 16, 2013 : Employees will need to remain in their jobs until the age of 70 because Britain is running out of workers, the Government has suggested. Businesses are being told to change their attitude to employees in their 50s and 60s or be left behind with a looming shortage of qual...
Posted on Apr 16, 2013 at 18:20

Job-hunting over 50: the dos and don'ts

April 5, 2013: Applying for a job can be a scary prospect and in the current job market it is true that yes, often older candidates have to work harder to overcome barriers, and no, it's not fair. But that doesn't mean every employer is determined to shut out all candidates over 35. F...
Posted on Apr 5, 2013 at 11:31

£100 million in government contracts for small businesses

April 5, 2013: The Small Business Research Initiative (SBRI) is hailed a success as it passes a milestone of £100 million of contracts awarded to small businesses from public sector departments. This coincides with the UK Government stating its intention to expand the SBRI, which is facilit...
Posted on Apr 5, 2013 at 11:27

A New Age for Retirement

April 2, 2013: Ernest Hemmingway believed that retirement was the ugliest word in the English language. His comment seems more prescient today than ever. The retirement process of years gone by is no longer relevant and we have to find a shape; a way of being with our work that helps us to l...
Posted on Apr 2, 2013 at 15:38

Entrepreneurs in residence to advise government

April 2, 2013: Business Secretary Vince Cable is set to get advice from two successful entrepreneurs appointed to help the government address the needs of small and medium sized businesses. Business owners Lawrence Tomlinson and Rekha Mehr are to become the entrepreneurs in residence at the ...
Posted on Apr 2, 2013 at 15:32

300,000 people aged 70 and over are still working

More than 300,000 people who are aged 70 and above have a job, with many blaming the fact they are too poor to stop working, official figures revealed yesterday. The ballooning number of older workers highlights a social revolution in Britain with people forced to work at an age when many ass...
Posted on Feb 28, 2013 at 10:33

One in four retirees consider contunuing to work

Nearly a quarter (24 per cent) of people planning to retire this year say they don't feel ready to stop work yet, and more than a fifth (21 per cent) say they don't like the idea of being at home all of the time in retirement, according to new figures released today by Prudential. Its...
Posted on Feb 14, 2013 at 16:51

Recession prompts boom in over-50s becoming self-employed

More than 300,000 Britons aged 50 and above have become self-employed since the recession began five years ago, official figures revealed yesterday. The Office for National Statistics said the number working for themselves has ballooned by 367,000 to 4.2million, the largest since records beg...
Posted on Feb 8, 2013 at 10:03
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