7 June 2022
This week's update covers:
- Scotland: Resource Spending Review
- Checking employee pay
- UK production output falls
- Member roadshow: Your brighter future
- Low Pay Commission regional visits
- NHBF launches Top 100 Influencers Index 2022
Scotland: Resource Spending Review
Scotland's Finance Secretary Kate Forbes has delivered a statement to Parliament on how the Scottish Government will focus public finances in the coming years to tackle child poverty, address the climate crisis, strengthen the public sector as Scotland recovers from Covid and grow a stronger, fairer and greener economy.
The Review includes:
- Capital investment of £581 million to support the economy.
- Continuing through the Inward Investment Plan to attract high-quality inward investment in energy transition and the space sector.
- Embedding entrepreneurship in education to give young people opportunities to start and grow businesses.
Checking employee pay
The Business, Energy and Industrial Strategy Department urges employees to check that their pay is in line with national legal standards. The Government has also launched a site to inform the public of types of support they may be entitled to in light of the cost of living crisis.
UK production output falls
Recession warning bells are ringing as the S&P Global Composite Purchasing Managers' Index fell by more than expected in May, indicating that economic output is slowing. This follows a collapse in consumer confidence levels, which in May fell to the lowest level since records began, Reuters reported.
Member Roadshow: Your Brighter Future
The NHBF is running the first of a series of free Member roadshows in June named 'Your Brighter Future', taking place in Manchester and Birmingham. Come along and share your experiences with local businesses and industry leaders from our sector.
Find out more and book your space now.
Low Pay Commission regional visits
To find out more about how the minimum wage has affected businesses, the Low Pay Commission will be visiting regions across the UK.
If any Members are interested in speaking to the commissioners at any of the following locations, please get in touch with the NHBF enquiries team at firstname.lastname@example.org
15-16 June Conwy and Llandudno
6-7 July Hastings and Rother
3-4 August Derry
NHBF launches Top 100 Influencers Index 2022
Following the incredible success of last year's event, the NHBF has launched the Hair & Beauty Industry – Top 100 Influencers Index for a second year, offering an opportunity to recognise those in the industry that use social media to influence, educate and innovate our sector.