Category Archives: Pay & inflation

UK economic outlook – forecasts downgraded – what this means for freelancers

Unless someone tells me otherwise, it seems that the biggest issue for many freelancers arising from the cost-of-living crisis is the question of rising fuel costs – and this is likely to hit workers in film and TV particularly hard … Continue reading

Posted in Film & TV industry data, Freelance working, Inflation, Pay & inflation, Tax, Wages and Pay-rates | Tagged , | Leave a comment

Living Wage Foundation response to the cost of living crisis

As the cost of living soars at rates not seen for more than thirty years, the Living Wage Foundation has announced plans to bring its annual announcement forward from November to late September. The previous figure was announced in mid-November … Continue reading

Posted in Inflation, Low pay, Minimum wage rates, Pay & inflation, Wages and Pay-rates | Tagged , , | Leave a comment

April inflation figures – again, worse than expected

Even by the standards of the past 18 months where all forecasts have been shown to be over-optimistic, the leap in CPI inflation between March and April from 7% up to 9% is a startling one. Here’s the ONS summary … Continue reading

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How to calculate inflation between two dates.

Imagine you wanted to work out what an inflation-rate increase between two dates is? Here’s an outline that I’ve drafted with extensive help from Nick Kardahji in the Prospect research team. Say you are preparing a pay claim for some … Continue reading

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How inflation is affecting individual households

Further to the previous post on the cost of living, Bectu reps may wish to circulate this Office for National Statistics (ONS) page on how to calculate your personal cost-of-living changes.

Posted in Economics, Housing costs, Inflation, Low pay, Minimum wage rates, Pay & inflation, Wages and Pay-rates, Welfare and benefits | Tagged , | Leave a comment

Getting the current cost-of-living crisis in perspective

How can we understand the current cost of living crisis in perspective when talking to Bectu members about their wages? One way would be to look at it over a few years. In the past few days, coincidentally, I’ve had … Continue reading

Posted in Economics, Freelance working, Inflation, Low pay, Pay & inflation, Wages and Pay-rates, Wealth inequality, Welfare and benefits | Tagged , , | 1 Comment

January’s inflation figures

Today’s UK inflation figures show cost-of-living increases that reach the highest rate for over 30 years. The Office for National Statistics (ONS) reported that the consumer prices index (CPI) measure of inflation increased to 5.5% in January from 5.4% a … Continue reading

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Food shopping costs soar

Behind a lot of the headlines on inflation (soaring energy and fuel costs in particular), there’s one other important factor to bear in mind – particularly for people on low incomes. While the CPIH inflation rate puts the impact of … Continue reading

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You need a 7.1% pay-rise to stand still.

In the light of today’s news about cost-of-living increases… With tax rises in April and inflation set to hit 5% someone on average earnings will need a wage rise of over 7% to keep their living standards constant https://t.co/UpkxBM1Iku — … Continue reading

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Cost of living price rises – it’s all bad news

There’s lots of bad news around for anyone who isn’t enjoying significant wage rises at the moment. ONS figures are reporting that the consumer prices index (CPI) measure of annual inflation rose to 4.2% in October, up from 3.1% in … Continue reading

Posted in Economics, Inflation, Low pay, Minimum wage rates, Pay & inflation, Wages and Pay-rates | Tagged , | 1 Comment

New ‘Living Wage’ published

The Living Wage Foundation has published their new ‘Living Wage’ rates – up from £9.50 to £9.90 across the UK (40p increase), and from £10.85 up to £11.05 in London (20p increase). The Living Wage rates are the only rates … Continue reading

Posted in Economics, Housing costs, Inflation, Low pay, Minimum wage rates, Pay & inflation, Wages and Pay-rates | Tagged , , | 1 Comment

Surprising-yet-unsurprising news about people thinking of leaving their jobs

The most surprising-yet-unsurprising nugget here is that “…the majority of those considering quitting had been offered no incentives to stay by their employers.” 📰📰NEW STUDY: How to Solve the Labour Market Crisis by Raising Standards Labour shortages are a principal … Continue reading

Posted in Economics, Employment, Inflation, Long hours, Low pay, Mental Health, Pay & inflation, The working environment, Wellbeing, Work-life balance | Tagged , | Leave a comment

National Living Wage will rise to £9.50 an hour

The 59p increase for workers over 23 – up 6.6% from £8.91 reflects the inflationary pressure outlined here a few weeks ago. The new rates will rise from 1 April 2022 as follows: National Living Wage for over-23s: From £8.91 … Continue reading

Posted in Economics, Inflation, Low pay, Minimum wage rates, National Insurance Contributions (NICs), Pay & inflation, Tax, Trades Unions, Wages and Pay-rates, Wealth inequality | Tagged , , , | 1 Comment

Drivers particularly badly hit by soaring costs

In news that will particularly hit film freelancers, car costs are soaring. Secondhand cars are costing up to 60% more than they did in 2019, and the price of petrol is climbing rapidly. The weekly road fuel prices stats on … Continue reading

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What is happening to self-employment in the UK

The tl;dr answer is that it’s too early to tell. As mentioned previously here, there’s a lot of job-switching going on, and there is a generally tight labour market in the UK (and globally, though the UK has the added spice … Continue reading

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There’s a lot of job-switching going on

Following on from two posts here this morning about inflation/pay, and the tight labour market, here’s a third on the trinity of issues that are creating a fair wind for union-type demands at the moment. Sarah O’Connor in the FT … Continue reading

Posted in Economics, Employment, Low pay, Pay & inflation, Productivity, Wages and Pay-rates | Tagged , | 1 Comment

Got a pay claim coming up? Want advice on inflation, and stuff like that?

If you have a pay claim coming up and want advice on inflation, and stuff like that…. good luck! Firstly, the official, current inflation figures have not been as flimsy a guide as they are at the moment for a … Continue reading

Posted in Economics, Employment, EU & Brexit, Inflation, Pay & inflation, Productivity, Skills & capacity | Tagged | 3 Comments

Particularly low pensions and savings levels among self-employed workers

I try to avoid hyperbole on this blog, but the IFS report on ‘Retirement saving of the self-employed‘ makes for shocking reading. As per the intro summary… “The proportion of self-employed workers contributing to a private pension has been steadily … Continue reading

Posted in Pay & inflation, Pensions, Welfare and benefits | Tagged , | 1 Comment

Labour shortages increase potential industrial muscle for workers

Today’s FT is full of news about how labour shortages are hitting the economy in numerous ways as a result of multiple market failures [£] which includes the pandemic, the pingdemic, market failure but obviously, we can’t add brexit to … Continue reading

Posted in Coronavirus, Economics, Employment, EU & Brexit, Gig economy workers, Inflation, IR35, Migration & working abroad, Pay & inflation, Productivity | Tagged , , | Leave a comment

Housing costs may not stop their current sharp rise

Anyone hoping that the housing market will calm down once the current Stamp Duty holiday fully comes to an end on October 31st may be in for a disappointment. Estate Agents are reporting no obvious market correction in house prices. … Continue reading

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More on skills shortages in film & TV

This from Broadcast Mag [£]: “Demand for talent and the skills shortage issue is nearing breaking point, with small indies being priced out of the market and execs being poached midway through jobs. Broadcast has spoken to numerous indie sector … Continue reading

Posted in EU & Brexit, Film & TV industry policy, Pay & inflation, Skills & capacity | Tagged , | 1 Comment

Employers minimum-wage shame list and how it affects freelancers

From an HMG press release earlier today: Today (Thursday 5 August) 191 businesses are being named for breaking the national minimum wage law. Following investigations by Her Majesty’s Revenue and Customs, a total of £2.1 million was found to be … Continue reading

Posted in Employment Law and Rights, Freelancer rights, Low pay, Minimum wage rates, Pay & inflation, Wages and Pay-rates | Tagged , | Leave a comment

Animation & VFX branch publish their first ratecard

If you get a moment have a look at the Animation & VFX Branch website. The branch has two significant developments recently. Firstly, the Ethical Animation and VFX Charter which forms the basis of their branch manifesto. And secondly, the … Continue reading

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Workers reject the idea of a four-day week on lower pay

A new report from The Social Market Foundation (SMF) entitled A question of time [PDF] explores the question of the four day week. The key findings (from the exec summary) are that… Most workers – 80% – would not favour … Continue reading

Posted in Bectu Agreements, Freelance working, Freelancer rights, Long hours, Major Motion Picture Agreement, Management, Pay & inflation, Productivity, TV Drama Agreement, Wages and Pay-rates, Workplace conflict | Tagged , | Leave a comment

Upward pressures on low-pay casual wages

This, from the US. It will be interesting to see how the same thing plays out in the UK, with the added spice of Brexit and migration. In the US, one in four workers thinking of leaving their jobs, according … Continue reading

Posted in Coronavirus, EU & Brexit, Gig economy workers, Low pay, Minimum wage rates, Pay & inflation, Wages and Pay-rates | Leave a comment

Inequalities rise – ONS

Figures from the Office for National Statistics (ONS) show that, to the financial year ending 2020, after taxes and benefits income, household income has continued on a general trend for rising income inequality in recent years.

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Automation and low wage link challenged

Here: “…the divorce between the growth of median compensation and productivity, the inequality of compensation, and the erosion of labor’s share of income has been generated primarily through intentional policy decisions designed to suppress typical workers’ wage growth, the failure … Continue reading

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Prospect Pay Bulletin April 2021

The Prospect Pay Bulletin for April 2021 is available now – here [login required], with latest inflation, settlements and labour market data, as well as a report on Qinetiq’s finances and on new data on outcomes for homeworkers.

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