GETTY STOCK IMAGE Employers are 'totally unprepared' for a fall in migration once Britain leaves the EU says surveyA survey of 500 business leaders by
Employers are ‘totally unprepared’ for a fall in migration once Britain leaves the EU says survey
A survey of 500 business leaders by the Resolution Foundation showed a huge gap between the kind of immigration system employers expect and what the new government is planning.
Almost one in five expect no change to the current system of freedom of movement for EU nationals to the UK, while nearly a third believe that the system will be maintained for those with job offers.
Whatever people’s views on Brexit, the journey, not just the destination, matter hugely to growth, jobs and living standards
The Foundation said lower migration, coupled with a higher minimum wage and a tightening jobs market, could put an end to the era of readily-available cheap labour that has characterised the UK labour market in recent years.
Torsten Bell, director of the Resolution Foundation, said: “Whatever people’s views on Brexit, the journey, not just the destination, matter hugely to growth, jobs and living standards.
“Now is the time for both firms and government to focus on how we navigate that journey and the changes to our labour market it brings.
Taxpayers are giving private schools a £522million subsidy on their business rates bills
Taxpayers help private schools save millions
Taxpayers are giving private schools a £522million subsidy on their business rates bills, thanks to their controversial charitable status, new research has shown.
More than half of all 2,707 private schools in England and Wales are registered as charities and can receive rate relief of 80 per cent – including some of the most elite schools in the country, according to business rent and rates specialists CVS.
It estimates this lucrative tax perk means private schools will pay £634.3million in business rates out of a potential £1.16billion bill over the next five years, saving a whopping £522.3million.
But their tax break comes as local authority-funded state schools are charged business rates in full.
Research by CVS found that Eton College, which educated 19 former prime ministers including David Cameron, is among those offered the biggest relief under its charitable status, saving £3.3million over the next five years.
Berkshire-based Eton will pay just over £821,000 out of a £4.1million bill. Mark Rigby, chief executive of CVS, repeated calls for a review of the business rates system, which he said must be made “fairer and more sustainable”
Around one in every 12 private rental sector tenants is a pensioner
Record level of pensioners renting
Around one in every 12 private rental sector tenants is a pensioner, a lettings index has found.
Across Britain, retired people now account for 8 per cent of tenants, compared with around one in 20 (5.2 per cent) in 2007, lettings network Countrywide found.
It said around £1 in every £14 paid by tenants across Britain now comes from a pensioner’s wallet.
It estimates that over the past 12 months, retired people paid a record £3.7billion in rent, a total which has more than tripled compared with the £1.2billion they paid a decade earlier, in 2007.
Retirees also make up a greater proportion of tenants in places where rents are generally lower, Countrywide said. Johnny Morris, research director at Countrywide, said: “The rental market can no longer be typified by the image of carefree, young professionals.
“More than half of tenants are over 30 and the number of pensioners renting has reached record levels. And with younger generations growing up much less likely to be homeowners, tenants are getting older with an ever more diverse group of people calling the rented sector home.