The UK’s student accommodation has been targeted by private equity firms, who are making major investments in what they see as a lucrative market, according to a new survey.
Read moreWhat are the rules of intestacy and what do they mean for friends and family?
According to recent research, millions of adults in Britain risk “dying intestate” because they have failed to draft or update their Will.
Read moreNew immigration route to help British businesses recruit “best and brightest talent”
A new immigration visa route will help UK businesses attract the “best and brightest” students from around the world, the Government has suggested.
Read moreCall to invest in technology for hybrid working
HR teams must invest in technology to meet the demand of
hybrid working options, according to a new survey.
Margaret Sweeney, chief HR officer at Learning Resource Network, said an
internal survey of the educational testing service provider’s employees found
most employees want hybrid work post-pandemic.
But she warned the experience of a remote worker can be poor if there is a lack
of reliable tech or conference room technology is dated.
She said: “For example, if cameras aren’t set to capture faces, if software
doesn’t allow for multiple streams of content, if audio is impossible, or if
software licenses haven’t been set to allow for integration with office systems
for content sharing.
“These types of challenges may impact the choices your team leaders make about
when to be in the office and how to do meetings when some people are remote.”
During the pandemic, in-office employees lost 28 minutes of work due to
technology issues, according to research by software company Nexthink.
If these issues are not addressed, Sweeney warned senior leaders would be
more likely to say everybody must stay remote, or everybody must come into the
office.
“If you don’t have the technology or the acoustic environment to support
quality hybrid work, it’ll be your employees who will pay the price,” she said.
A lack of collaboration technology could also damage employee morale.
She added: “Good collaboration is among our top priorities
for a hybrid workplace because it is having a direct impact on both
productivity and employee engagement.
“When technology is a barrier to productivity, team members can get frustrated
by delays or the extra hours required to get to the same place.
“Multiple meetings may be required to gather necessary inputs or collaborations
may be put off, for example, until the team can be all together in one place,”
she said.
As the shift to home working continues, new train tickets for commuters, who
will be flexible working post-pandemic, are now available and may even support
a shift towards greener commuting.
The changes have been introduced with the intention of supporting employees who
want to keep homeworking as an option after COVID restrictions have been fully
lifted.
From 2023, the new state-owned body, Great British Railways (GBR), will set
rail timetables and prices, sell tickets in England and manage rail
infrastructure.
However, the new flexible season tickets have been introduced ahead of the
structural changes and can be used from 28 June 2021.
Greater focus on having employees commute to work by train could also benefit
the environment.
New research from the Institute for Public Policy Research (IPPR) has found the
current approach to decarbonising transport in the UK could see a 28 per cent
increase in car use by 2050, and an 11 per cent increase in car traffic.
The think tank has argued the UK government must focus on affordable and clean
transport alternatives to cut overall car use.
Becca Massey Chase, deputy head of the IPPR Environmental Justice Commission,
said the new flexible tickets could be a step towards greener commuting in the
UK, but will not solve the problem of high ticket prices.
She said: “Any move to make travelling by public transport easier, more convenient
and affordable is to be welcomed.”
For help and advice on matters relating to employment law, contact our expert
team today.
Intellectual Property Office urges customers to “claim earlier filing date” ahead of end of joint UK-EU IP scheme
Intellectual property rights applicants have just months left to claim an earlier filing date for EU trade marks and designs, it has been warned.
Read more£100 billion summer housing market on horizon
House prices have been rocketing since the start of the
pandemic, as people have sought more space, saved more money and taken
advantage of tax breaks on buying a home.
Households have been unable to spend as much money as usual, allowing those
that have still been in work to save up for a deposit.
After the property market was temporarily paused in March last year, activity
surged, with record sales.
The average sale price of a home in England jumped 10.2 per cent in a year from
the start of the pandemic in March 2020.
Now the UK residential property market’s first £100 billion summer is on the
horizon.
A forecast, by consultancy UK Residential Research, which takes the current
trajectory of the housing market and applies it to the rest of summer months,
estimates that there will be 420,000 sales in the UK across June, July and
August at a total spend of a record £107bn.
This will make this summer the highest grossing quarter in UK residential market
history, and is in stark contrast to previous years. Throughout the past half
decade, total spend from buyers during the summer months has averaged £69 billion-per-year,
a figure that comprised a little over 300,000 sales.
Speaking on the forecast, Nick Whitten, head of UK living research, said: “It
is well-documented that the summer is the best time to sell a home, with
sentiment receiving a natural positive boost from the warmer weather. However,
our data suggests that this post-lockdown summer will set a new record.
“The reasons behind the buying bonanza – with the most
exchanges and highest total sales value on record – are threefold. The stamp
duty extension to the end of June means that during the quarter eager buyers
and sellers will look to force a deal through.
“This, combined with the increased financial stability many buyers are feeling
as we unlock from coronavirus, and the well-documented supply constraints in
the UK market, means we can expect to see demand swallowing up available stock,
pushing up prices but not to the extent that it will affect transactions.”
The Government has set a clear priority to help more people onto the housing
ladder through its Own Your Home campaign. The campaign puts the spotlight on
six Government-backed support schemes to allow people to access some form of
home ownership.
The forecasted spike in activity this summer will be particularly evident in
the north of England, which is predicted to see circa 100,000 sales – around 25
per cent of the total UK.
However, with interest rates remaining very low, some analysts are predicting
that prices are set to continue on a seemingly relentless upward march.
The situation also raises questions about how sustainable it is for property
prices to rise faster than wages.
All of these factors mean there is lots to consider for anyone thinking of
buying or selling a property.
For help and advice with related residential property matters, please get in touch with our expert team today.