Number of stay-at-home mothers hits record low and is falling by 500 a day, raising fears that the Government is forcing families to 'outsource childcare' Number of stay-at-home mums has fallen by 850,000 in the past 20 yearsBetween December 2011 and now, the number dropped by 500 per day , when the number in work hit an all-time high of nearly 30million. The British Chambers of Commerce said unemployment was likely to rise to 2.6million by next year
As austerity budget is announced…
Split RBS into a 'good' and 'bad' bank now urges Bank Governor Mervyn King as he slams current system as a 'nonsense'Taxpayers will have to bear the costs of reprivatisation, King warnsRBS is currently holding the wider economy back, the Governor saidCriticisms come just days after RBS boss Stephen Hester said plans to return to the private sector were on track from 1.8 billion in 2011.
Almost 30,000 town hall pen-pushers earn more than 50,000 when councils are cutting front line services118 councils have increased staff on 50,000 salariesLabour-run Birmingham City Council has 648 staff on the high-end wage Six of ten worst offending councils are Conservative-run authorities By Daniel Martin, Whitehall Correspondent PUBLISHED: 01:20 GMT, 20 February 2013 | UPDATED: 03:03 GMT, 20 February 2013 Almost 30,000 council pen-pushers now earn more than 50,000 a year. Taxpayers fork out 1.9billion a year on the high salaries, at a time when town halls are cutting frontline services and blaming the Government’s cuts
Private sector pensions shut down at record rate: Millions face working into their 70s for paltry payoutsOnly 13 per cent of new recruits at companies will get a 'final salary' pensionThe figure is dramatically down from the 43 per cent of new recruits in 2005National Association of Pensions Funds highlights a pension apartheid By Becky Barrow PUBLISHED: 02:24 GMT, 28 January 2013 | UPDATED: 02:24 GMT, 28 January 2013 Gold-plated pensions in the private sector are being shut down 'at the fastest rate on record', a report by the National Association of Pensions Funds warns today.
The pension 'delusion': Unless you work longer and live more frugally you won’t be retiring in comfort says mandarin (who's on 200,000 a year) | UPDATED: 23:32 GMT, 18 December 2012 Sir Bob Kerslake, the head of the civil service, said it was 'absolutely clear' the pension age will have to rise in the coming years People are ‘deluding’ themselves if they think they can enjoy a comfortable retirement without living more frugally and working longer, the head of the Civil Service said yesterday.
Three men including former UBS trader held in first British arrests over Libor interbank rate rigging probe Men aged 33, 41 and 47 taken to London police stationOne is a former UBS trader The three arrests follow searches in Surrey and Essex SFO opened Libor probe in July after big Barclays fine | UPDATED: 10:08 GMT, 12 December 2012 One of the three men arrested in connection with an investigation into the rigging of the interbank lending rate Libor was an ex-trader who worked for UBS and the other two were interdealer brokers, a report said today. The British men – aged 33, 41 and 47 – were taken to a London police station after searches at a property in Surrey and two premises in Essex.
Osborne orders MORE spending cuts, telling Whitehall to find 5billion to pay for schools and transport linksChancellor to use today's statement to set out plans to cut spending further Transport, schools, science and skills will benefit from proceeds made Plans will be announced when growth forecasts will be downgradedChancellor will tell MPs that government departments are being ordered to trim an additional 1% from their budgets next year and further 2% in 2014 | UPDATED: 09:47 GMT, 5 December 2012 Chancellor George Osborne will announce his spending plans to the Commons in his Autumn Statement today Tens of thousands of school places will be created at 100 new academies and free schools as part of a 5billion investment programme to be funded by a fresh round of spending cuts. Chancellor George Osborne will use today’s autumn statement to set out plans to cut spending further in most Whitehall departments over the next two years, with the proceeds poured into transport, schools, science and skills. Education is the big winner, in another indication that the Conservatives will make their school reforms a central plank of the next election campaign.
The junior civil servants who take five WEEKS off sick in a year: Rate has doubled in just four yearsForeign Office junior civil servants took 24.4 sick days off in one yearThe Department for Business was not far behind with 19.6 | UPDATED: 01:07 GMT, 3 December 2012 Junior civil servants in the Foreign Office took an average of nearly five working weeks in sick days last year, it has been revealed. The official figures show the Department for Business Innovation and Skills was not far behind.
How PM's 5bn jobs scheme CUT the number finding work: More people would have found employment if ministers had done nothing The Work Programme pays companies and charities if they get long-term unemployed into a jobOfficials thought 5% of people would find work on their own – more than the 3.5% helped by the scheme200,000 have been found some work but many last just a few weeks before going back on benefits | UPDATED: 08:14 GMT, 28 November 2012 Data for the first 12 months of the Work Programme showed the 5billion initiative secured lasting employment for just one in every 50 people referred, at a cost of 14,000 a job. The scheme – personally championed by the Prime Minister – pays private sector firms such as A4e and G4S to find jobs for the long-term unemployed.