Business News

Directors to face pay clampdown

3 Jul 2013

The government has introduced new measures to curb the excessive pay of executives at the largest companies. It is introducing regulations, which will apply to large and medium-sized companies and groups, with effect from 1 October 2013. It says the

Read more...

Pensions compensation boosted for long-serving staff

3 Jul 2013

The amount of money which long-serving staff can receive in retirement if their company folds is set to increase. Long service is not currently taken into account when a person whose defined benefit pension scheme collapses and is then taken

Read more...

Data handling failure ‘will cost businesses customers’

3 Jul 2013

The Information Commissioner says that businesses that fail to handle their customers’ personal data properly will quickly find themselves losing clients. Speaking at the launch of the Information Commissioner’s Office (ICO) annual report on 20 June, Christopher Graham said consumers

Read more...

Underpaid workers win £4 million in back wages

3 Jul 2013

Failure to pay their workers the national minimum wage has cost employers targeted by HM Revenue & Customs (HMRC) £4 million. HMRC secured an average of £300 in back pay for 26,519 employees, topping up wages that had previously been

Read more...

Red tape freeze extend to more businesses

3 Jul 2013

A freeze exempting small businesses from some new regulations is to be extended to larger enterprises. Business Minister Michael Fallon announced on 6 June that the freeze exempting businesses with fewer than ten employees from burdensome new regulations would be

Read more...
Loading Quotes...