Author: Editor - Business News

Scottish Power says UK will need to boost capacity

Scottish Power says UK will need to boost capacity By Douglas Fraser Business/economy editor, Scotland 25 September 2017 From the section Scotland business Britain will need to boost its generation of electricity by about a quarter, Scottish Power has estimated. The energy firm said electric cars and a shift to electric heating could send demand for power soaring. Its chief executive also said there would have to be a major investment in the wiring necessary to handle rapid charging of car batteries. Keith Anderson was speaking as the firm reached the milestone of 2,000 megawatts of wind power capacity....

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Labour to offer some women earlier retirement option

Labour to offer some women earlier retirement option 25 September 2017 From the section Business Image caption Changes to women’s retirement age sparked widespread protests Labour would allow hundreds of thousands of women born in the 1950s to retire at 64 on a reduced state pension, rather than wait until 66. Government changes to the retirement age have been “chaotic”, shadow work and pensions secretary Debbie Abrahams will tell Labour’s conference later. Many women who expected to retire at 60 must now work several years longer before receiving a state pension. Ms Abrahams will say her plan would mean...

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Gender pay gap widens for managers

25 September 2017 From the section Business Image copyright Getty Images Female managers in the UK earn close to £12,000 less on average than their male counterparts, new research has found. The gender pay gap for the UK’s 3.3 million managers now stands at 26.8%, according to analysis by the Chartered Management Institute (CMI) and XpertHR. The figure is considerably higher than the average of 18.1% for all workers, or 9.4% for full-time staff. The CMI report was based on a study of more than 118,000 employees in 423 organisations. It is based on new reporting requirements and includes...

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