Zero Hours Contract Numbers at Record High
March 3, 2017
The number of people around the UK who are employed on the basis of zero hours contracts (ZHCs) has reached a record high level.
That’s according to an assessment of the latest data from the Office for National Statistics (ONS) by the Resolution Foundation, which says there were as many as 910,000 Brits signed up to zero-hour arrangements during the final three months 2016.
Experts now anticipate that there will soon be more than a million men and women around the country on zero hours deals.
The number of people employed on the basis of these flexible but somewhat controversial contracts has been rising consistently and has now more than trebled since 2012.
For many people, ZHCs offer a valuable degree of flexibility in terms of when and how often they work but for others they are a source of significant uncertainty and serious financial difficulty.
According to the Resolution Foundation, a person who works on the basis of a ZHC will earn on average around £1,000 less each year than someone who is employed in the same role but on the basis of a traditional permanent employment contract.
“The UK’s labour market has been full of surprises in recent years: record employment has run alongside a record pay squeeze, while the passing away of the ‘job for life’ has been matched by a fall in people moving jobs,” Conor D’Arcy from the Resolution Foundation wrote recently on his organisation’s website.
“But one reliable trend has been the continued rise of ZHCs. Movements in the number of ZHCs has become a fixture of labour market analysis since 2013 and a worry for those concerned about the quality of work in the UK.”
Although the number of people who are on zero hours contracts continued to rise during 2016, the pace of increase in this context was notably slower last year than was the case in 2015, according to ONS data.
If you live anywhere in Scotland and you are finding it difficult to make ends meet and to cope with your debt management problems then Scotland Debt Solutions can help. You can contact any of our offices to arrange a free and completely confidently consultation.
When taking out a joint loan, there are many things you need to consider. Signing up to a joint credit agreement is a huge commitment and it’s important to ensure you have all the facts before signing on the dotted line. While no one wants to think about a relationship breaking down, the truth is […]
If you’re looking to save some money it’s a good idea to make a detailed budget that lets you see where your cash is currently being spent, and offers an overall view of your finances. You’ll need to collect together your income and expenditure details, including annual costs such as insurance, car expenses, birthdays and […]
A trust deed is a common debt repayment programme based around a voluntary arrangement made between you, your creditors and a qualified independent trustee who takes control of your debt repayments for a typical period of four years. If you’re having difficulty paying your debts and have assets or a regular income, you may qualify […]
If you have built up debt from gambling, you may be able to write off part or all of the debt via a formal Scottish insolvency route. Not all insolvency solutions allow debts to be written off, but you may be eligible for a trust deed if you meet certain criteria, with sequestration also being a possibility […]
Her Majesty’s Revenues and Customs (HMRC) is one of the biggest creditors in Scotland, and indeed across the rest of the UK. Millions of people make payments to the government through HMRC in the form of income taxes, National Insurance and VAT every year. For the majority of people in employment, this is done automatically […]
Council tax is a charge levied on residential property and payable to the local council. While some properties are exempt from paying council tax, most households must factor this bill into their monthly budget. Households will be given a yearly charge which can then be broken down into a series of monthly instalments throughout the […]