Bulletin

Cameron wants wage rises to replace benefits

In a speech yesterday, David Cameron called for a move from a 'low-wage, high-tax, high-welfare society to a higher-wage, lower-tax, lower-welfare society'. Meanwhile, welfare secretary Iain Duncan Smith has told companies to 'pay their full share' of workers' pay rather than leaving it to the state to prop up their incomes through tax credits. But Adam Marshall of the British Chambers of Commerce said assumptions were being made about the relationship between tax credits and pay without 'clear evidence either way'. Businesses should set pay levels based on productivity, performance and market signals, he suggested.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin

Where Next?