News digest #8

May 5, 2022 | Home Featured, Sector & policy | 0 comments

Student recruitment and development

England’s student loan change to hit poor and minority ethnic people harder with One in four who received free school meals would not be able to get loans under proposal, analysis finds

Employers are offering graduates starting salaries of as much as £60,000 a year as desperate businesses compete to lure the best talent

An exodus over stress, pollution and the cost of living can boost levelling up, as graduates are now looking to faraway towns for employment

Labour market

Should we know how much our colleges are on? While we might discuss love and loss at work, there’s one thing we generally don’t share with the people we work with – how much we earn. One company is looking to change that.  

The UK labour market has lost more than 1.1 million workers since the pandemic began, around 400,000 of whom have left due to long-term ill health and Covid-related factors, according to a think tank.The Institute of Public Policy Research’s (IPPR) Health and prosperity report estimates that the UK labour market changes will result in an £8 billion fall in economic output in 2022 alone. 

Airbnb embraces home working with location-blind equal pay model. Firm to pay staff in US, UK and other countries flat rates regardless of their region’s living costs.

Education

UK needs better skills to win foreign investment battle, finds report. Cheap labour no longer enough to win over firms as other countries invest in improving their workforces.

Headteacher have criticised “Dickensian” levels of poverty in the country at a conference on Friday. Paul Gosling, the new president of the NAHT school leaders’ union, told the annual conference in Telford that when he first became a headteacher, he had only heard of the use of food banks in connection with work with the homeless in London.

Economy

Cost of living forces four in 10 Britons to cut back on food, ONS survey finds. It is one of a handful of statistics in the ONS’s latest social impacts survey showing growing concerns about the cost of living surge facing households, with higher energy bills and fuel prices adding to the headache.

The Bank of England has been trying to stimulate the economy through quantitative easing, but this has not been very effective. One way that the UK government could help to boost the economy is by investing in Bitcoin and other cryptocurrencies.

Number of firms in critical financial distress rises sharply. A growing number of UK businesses are at risk of going under, as costs spiral and Covid loan repayments come due, a report has found.

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