World of Work Report 2011

World of Work Report 2011

In his editorial at the start of the report, Raymond Torres (Director, International Institute for Labour Studies) argues that:

The economic slowdown may entail a double-dip in employment exacerbating inequalities and social discontent and further delaying economic recovery.
This vicious circle can be broken by making markets work for jobs – not the other way around. This requires, first, ensuring a closer connection between wages and productivity, starting with surplus countries second, supporting real investment notably through financial reform, third, maintaining and in some cases strengthening pro-employment programmes funded from a broader tax base and putting jobs back on top of the global agenda.

The effect of VAT on household disposable income, 2011

The effect of VAT on household disposable income, 2011

  • The poorest fifth of households in the UK spent a higher proportion of their expenditure on goods and services that attracted Value Added Tax (VAT) in 2009/10 than in 1986.
  • Poorer households in 1986 spent a smaller proportion of their expenditure, than poorer households in 2009/10, on discretionary items which attracted VAT.
  • The poorest fifth of households in the UK pay more in VAT as a percentage of their disposable income than the richest fifth.

Access to Finance 2007 and 2010

  • 35 per cent of small and medium-sized businesses sought finance in 2007. This rose to 42 per cent in 2010.
  • For those seeking loan finance, around three-quarters of businesses approached banks.
  • In 2007, successful loan finance approaches to banks were around 90 per cent. This fell to 65 per cent in 2010.
  • Five out of every six businesses that expect to need future finance anticipate seeking it from banks.

ONS Access to Finance

I wanna go to cohort

Following up on my “I wanna go to Chelsea” post below.

It seems that:

  • By 2035 period life expectancy at birth is projected to reach 83.4 years for males and 87.0 years for females, an increase of nearly 5 years each since 2010.
  • By 2035 cohort life expectancy at birth is projected to reach 94.2 years for males and 97.2 years for females, just over 10 years longer than period life expectancy.

Period and Cohort life expectancy tables

Guide to period and cohort life expectancy