🗣️ Insights from Labour Party Conference: What does this mean for business recovery? Our policy and public affairs manager, Céara Roopchand MCIPR, attended this year’s Labour Party Conference to hear firsthand how the party plans to tackle the UK’s economic challenges and what that means for the business recovery and insolvency profession. This year's conference revealed a noticeable shift in tone, emphasising fiscal discipline, stability, and growth, which provided valuable clues about the policy landscape ahead. 📘 Our latest blog breaks down the key takeaways – including what we heard at the fringe events and more:👉 https://lnkd.in/esdPXC3g #LabourConference #BusinessRecovery #Insolvency #EconomicGrowth #PublicAffairs

NIGEL FARAGE'S REFORM UK POLICIES *that Farage has recently said with his own mouth* (Google them, video proof incoming) > An unelected cabinet writing UK laws in the interests of business. > Private, profit making Insurance companies controlling the NHS budget. > Decrease minimum wage for young people. > Cut benefits for people with mental health issues. > Decrease taxes and increase bonuses for finance sector workers. > End our basic trade deal with the EU, meaning tariffs on 50% of our imports = higher prices on everything in shops. > Leave the ECHR to ensure there's nothing we can do to fight against all of the above.

Wages, ratios, and registration are not separate issues; they are the pillars of protection.  When one weakens, the whole system feels it.  The 2025 ECE Funding Review can finally bring these levers together to strengthen trust, safety, and sustainability in early learning. Head to our latest blog post for more on The Interplay of Wages, Ratios, and Registration 👇 https://lnkd.in/gvHtMGpi

The latest Scottish Chambers of Commerce Quarterly Economic Indicator shows pressure mounting on Scottish firms, with rising costs, declining investment and faltering confidence undermining growth. The survey of 440 Scottish businesses, produced in partnership with the Fraser of Allander Institute, found labour costs and concern over tax continues to impact more than seven in ten firms. Key findings include: · Business Confidence Declining: four out of the five main sectors report declines with services reporting a small increase. The sharpest drop-offs were in construction and manufacturing. · Taxation Concerns Increasing: 72% of all firms reported increased concern from taxation; a rise of two percentage points compared to the last quarter, and up 16 percentage points compared to Q3 2024. · Cashflow & Profits Squeezed: Cashflow and profits continue to be a significant challenge, with falling trends recorded for both. The construction and retail sectors saw the most significant drop-offs. · Investment Intentions Frozen: Investment has also taken a significant hit, as four out of the five main sectors reported decline with only the services sector showing a positive net balance across all investment trends. · Record-High Costs for Hiring: Labour remains a significant cost for over three quarters of firms at 77%. The construction and services sector had near recent historical high levels, while retail firms reported a five-year high of 75%, matching last quarter. https://lnkd.in/d_pB6EZK

Understanding the UK’s updated bankers’ pay rules and their implications for financial sector employers, explain Linklaters' Alexandra Beidas and Mirit Ehrenstein. https://lnkd.in/dYSDsf6H

Does class decline fuel far right party support? In our new Policy Brief with Tim Vlandas and Alexi Gugushvili for the European Trade Union Institute (ETUI) we show that: 🔺Persons experiencing downward class mobility from the upper to the working class are more likely to support far-right parties 🔺This relationship is driven primarily by existential and material factors such as income insecurity rather than distrust of elites or anti-immigration attitudes 🔺 Downward mobility has a stronger impact in countries in which levels of class decline are low overall, due to an intensified, comparative perception of grievance 🔺 Despite constituting a small proportion of the far-right electorate, this social group forms a core part of what can be termed a cross-class 'coalition' of grievance that makes it possible for far-right parties to broaden their electoral base The Brief draws on our recent article published in Political Behavior, and outlines some key findings of importance to policymakers, left-wing parties and the trade union movement. Available online here: https://lnkd.in/ey-nV4ez

Yesterday, the PRA and FCA published their updated remuneration regulations for UK banks, building societies, and PRA-designated investment firms. The overall message in the final Policy Statement is overwhelmingly positive for the UK industry, and it’s clear that the regulators have listened and taken action to give firms more freedom to define remuneration policies that are fit for purpose, provided they do so responsibly.   One significant development since the consultation paper is around the timing of implementation, which has been brought forward. The final rules allow certain new structural rules to optionally apply to a firm’s current performance year (i.e., to incentive payments made in early 2026) and/or to remuneration awarded in previous performance years that has not yet vested.   Korn Ferry’s EP&G team has produced a briefing note covering the key changes (see below for a snapshot), as well as our initial thoughts on the potential implications of the changes. If you would like to receive a copy of this briefing note or more information on how the updated regulations may affect your own company’s situation, please let me know or email: execpayangovernance@kornferry.com

Analysis from Grant Thornton UK has founds that mid-sized businesses in the UK are punching above their weight, when it comes to labour productivity » https://lnkd.in/ef_A8_3k

Yesterday, the PRA and FCA published their updated remuneration regulations for UK banks, building societies, and PRA-designated investment firms. The overall message in the final Policy Statement is overwhelmingly positive for the UK industry, and it’s clear that the regulators have listened and taken action to give firms more freedom to define remuneration policies that are fit for purpose, provided they do so responsibly.   One significant development since the consultation paper is around the timing of implementation, which has been brought forward. The final rules allow certain new structural rules to optionally apply to a firm’s current performance year (i.e., to incentive payments made in early 2026) and/or to remuneration awarded in previous performance years that has not yet vested.   Korn Ferry’s EP&G team has produced a briefing note covering the key changes (see below for a snapshot), as well as our initial thoughts on the potential implications of the changes. If you would like to receive a copy of this briefing note or more information on how the updated regulations may affect your own company’s situation, please email execpayangovernance@kornferry.com

Yesterday, the PRA and FCA published their updated remuneration regulations for UK banks, building societies, and PRA-designated investment firms. The overall message in the final Policy Statement is overwhelmingly positive for the UK industry, and it’s clear that the regulators have listened and taken action to give firms more freedom to define remuneration policies that are fit for purpose, provided they do so responsibly.   One significant development since the consultation paper is around the timing of implementation, which has been brought forward. The final rules allow certain new structural rules to optionally apply to a firm’s current performance year (i.e., to incentive payments made in early 2026) and/or to remuneration awarded in previous performance years that has not yet vested.   Korn Ferry’s EP&G team has produced a briefing note covering the key changes (see below for a snapshot), as well as our initial thoughts on the potential implications of the changes. If you would like to receive a copy of this briefing note or more information on how the updated regulations may affect your own company’s situation, please email execpayangovernance@kornferry.com