Posts Tagged 'workplace law'

Bank Funding Hits Six Year Low

A report by the Ernst & Young Item Club has suggested that despite the Government’s efforts to encourage lending, bank lending to businesses will hit its lowest level this year since 2006.

An Ernst and Young study says that corporate lending will fall by 4.6% to £429bn at the end of 2012, which will be the fourth consecutive decline to its lowest level since 2006.

The report also predicts that although some growth is forecast to resume from 2013 corporate loans will not recover to 2008 levels until 2016.

Recently, HMG have announced a business bank to be unveiled in an attempt to boost lending.  Banks and businesses, however, differ on the current position. Banks state that demand for loans is low; businesses retort that banks are unwilling to lend.

Sc: Workplace Law MGBA; UKBA; Ernst and Young

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Changes to RIDDOR

I am grateful to my frinds at Workplace Law who have reminded me that today marks a change to the rules on reporting workplace injuries, as, from 6 April, employers will no longer have to report injuries that keep workers off normal duties for seven or fewer days.

This change to the Reporting of Injuries, Diseases and Dangerous Occurrences Regulations (RIDDOR) 1995 will see a fall of around 30% in the number of incidents that must be reported by law – an average of around 30,000 fewer reports a year. Employers will also be given a longer period in which to report, increasing from 10 to 15 days from the time of the incident.

By increasing the reporting threshold from three to seven days, the change will also align with the ‘fit note’ system which ensures that someone who is off work because they suffered a reportable injury has a professional medical assessment.

Employers and others with responsibilities under RIDDOR must still keep a record of all over three day injuries, for example through an accident book.

More information from Workplace Law

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Fatigue As Dangerous as Drink In Workplace

More than a million UK employees are sleep deprived to the point where a lack of sleep affects their ability to the same extent as alcohol.

A Vielife survey of workers showed that one in three  suffer from ‘poor sleep’. These people are ‘living in danger of a semi-conscious existence equal to repeatedly driving their car well over the alcohol limit’.

35% of women have poor sleep and 31% of men, with depression having a direct link to poor sleep.

Those working a five-day week were found to generally have better sleep than those working more or less than five days.

Tony Massey, Vielife’s Chief Medical Officer, said, “Being ‘sleep drunk’ is a common issue that causes personal and work life issues and a healthy lifestyle is at the heart of solving it.”

The data is based on ‘sleep scores’ recorded by users of vielife’s online health and wellbeing platform. A sleep score indicates the overall quality and satisfaction of a person’s sleep as part of a wider ‘wellbeing score’ used to help people identify and work to improve their health issues.

Sc: Workplace Law

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