Chapter 3: Britain is Ready

Each chapter of the book, The Company Citizen, has footnotes. As most of these are web links they cannot be readily accessed from the book. So here they are. Those numbered ‘a’, ‘b’, etc., are updates: they refer to text between numbered footnotes and not necessarily to the number in their suffix. For example: 14a is a new note which relates to text between note 14 and note 15 but not necessarily to the subject in 14 itself. Go back to ‘The Company Citizen’ here.

0a

Britain is no longer the fifth largest economy, as it anticipates Brexit (November 2017).
http://money.cnn.com/2017/11/22/news/economy/uk-france-biggest-economies-in-the-world/index.html?sr=twCNN112317economy1203PMStory

1

http://tomorrowscompany.com/wp-content/uploads/2016/08/An-opportunity-to-lead-post-Brexit-Tomorrows-Company.pdf

2

https://www.theguardian.com/us-news/2016/dec/08/portland-oregon-ceo-pay-tax-passes-income-inequality?

3

Speaking at a showing of the film The Divide, about inequality
http://thedividedocumentary.com

3a

Publishing pay ratios may turn out to be an over-simple and misleading response to
tackling inequality, says Prof. Alex Edmans of London Business School, as many
different factors affect mathematical ratios and publication may change corporate
behaviour in unhelpful ways: https://www.sec.gov/comments/pay-ratio-statement/cll3-2243333-160868.pdf (August 2017)

4

http://www.bbc.co.uk/news/business-32824770. The UK gap between highest and
lowest paid narrowed slightly in 2016 according to the High Pay Centre: https://www.ft.com/content/5cfa1cd6-7791-11e7-a3e8-60495fe6ca71 (£)

5

http://www.standard.co.uk/business/sacha-romanovitch-sharing-profits-capping-her-salary-grant-thorntons-chief-is-transforming-city-life-a2945486.html

6

http://www.independent.co.uk/news/business/news/tobacco-imperial-brands-chief-executive-alison-cooper-pay-rise-shareholders-gauloise-winston-a7547161.html

6a

Blackrock’s ethical approach: https://www.blackrock.com/corporate/en-gb/responsibility

7

http://www.standard.co.uk/business/simon-english-forget-football-the-real-top-pay-scandal-is-in-the-boardroom-a3442606.html

8

https://www.ft.com/content/5c031f44-13a5-11e7-80f4-13e067d5072c (£)

9

https://www.ft.com/content/6df9902a-f8fc-11e6-9516-2d969e0d3b65 (£)

10

http://www.socialprogressimperative.org/
Updated July 2017: http://www.socialprogressindex.com/results

11

https://www.ifs.org.uk/publications/8375 – figures are for absolute poverty,
after housing costs, except where stated

12

https://twitter.com/d_blanchflower/status/807325669730324482 – Blanchflower is
a former member of the Bank of England Monetary Policy Committee

13

Ibid, note 11

14

https://www.ifs.org.uk/uploads/publications/conferences/hbai2016/rjoyce_living_standards2016.pdf – absolute poverty is 60 per cent of 2010-11 median income; relative poverty is 60 per cent of contemporary median income.

15

http://www.dailymail.co.uk/wires/pa/article-3628805/Two-fifths-people-need-borrow-pay-shock-500-bill.html

16

Ibid, note 11 and https://www.theguardian.com/society/2017/mar/16/child-poverty-in-uk-at-highest-level-since-2010-official-figures-show 

17

Office of National Statistics: ‘An examination of falling real wages, 2010-13’, January
2014; and Labour Market Statistics, February 2016

18

‘Poverty in the UK’, House of Commons briefing paper 7096, November 2016

19

http://touchstoneblog.org.uk/2017/02/uk-103rd-112-global-ranking-real-wage-growth-since-crisis/

20

https://www.ifs.org.uk/uploads/publications/comms/R114.pdf

21

https://www.jrf.org.uk/report/uk-poverty-causes-costs-and-solutions

22

http://www.mirror.co.uk/news/uk-news/what-new-benefit-cap-affect-9173739

23

Nigel Wilson was speaking at the SSE annual investors’ meeting, London,
February 2017. L&G is investing in creating a new social value-led new-build
community in Berkshire: http://www.legalandgeneralgroup.com/media-centre/press-releases/press-releases.asp?newsid=4138 (August 2017)

24

http://www.livingwage.org.uk

25

http://www.standard.co.uk/news/mayor/sadiq-khan-demands-londons-top-football-clubs-pay-living-wage-a3442441.html

26

http://www.bitc.org.uk/system/files/living-wage-employer-case-studies.pdf
http://www.livingwage.org.uk/news/BusinessBenefitsPR

26a

 IKEA on Living Wage (Nov 2016):
http://www.huffingtonpost.co.uk/entry/ikea-living-wage_uk_583c2bdae4b0207d19189ed0 

26b

 In November 2017 the Living Wage as calculated for the Living Wage Foundation rose
to £8.75/hour (£10.20 in London), benefitting 150,000 workers.
https://www.livingwage.org.uk/what-real-living-wage

27

https://www.retailgazette.co.uk/blog/2017/02/debenhams-tops-list-of-minimum-wage-offenders

28

http://www.resolutionfoundation.org/app/uploads/2016/10/Living-wage-calculations.pdf

29

http://ipsos-mori-almanac.co.uk/2016-favourite-facts/

30

https://www.theguardian.com/society/2016/oct/18/self-employed-earn-less-than-2001-hit-welfare-cuts

31

http://ucatt.infobo.co.uk/sites/default/files/uploaded/publications/greatpayrollscandal.pdf

32

https://www.thersa.org/discover/publications-and-articles/rsa-blogs/2016/11/the-uber-ruling-reminds-us-that-sometimes-tax-does-have-to-be-taxing
In 2017 The RSA’s Matthew Taylor explored ‘Good work’ in a report for the Government,
reaching conclusions on the ‘gig’ economy compatible with those described here.
See
https://www.gov.uk/government/groups/employment-practices-in-the-modern-economy

33

(In Cooper, 2016) http://www.guystanding.com/files/documents/Fabian_Soc_Changing_Work_Precariat_Dilemma_2016.pdf 

34

https://worksmart.org.uk/news/problem-zero-hours

35

http://www.professionalpensions.com/professional-pensions/news/3003678/aca-ae-to-exclude-12-million-people-by-mid-2018

36

https://www.theguardian.com/uk-news/2016/nov/15/more-than-7m-britons-in-precarious-employment

37

https://dupress.deloitte.com/dup-us-en/topics/operations/heros-journey-landscape-future.html

38

https://www.trusselltrust.org/2017/04/25/uk-foodbank-use-continues-rise/

39

https://www.tuc.org.uk/economic-issues/public-spending/labour-market/economic-analysis/living-standards-suffer-first-five

40

https://www.theguardian.com/society/2016/dec/16/boots-support-campaign-end-period-poverty-paula-sherriff-tampons

41

http://www.fareshare.org.uk, http://foodcycle.org.uk, https://feeding-britain.org
Fareshare was Third Sector magazine’s 2017 ‘Charity of the Year’
http://www.thirdsector.co.uk/fareshare-wins-third-sector-charity-year-award/communications/article/1445323

42

http://community-shop.co.uk/company-shop/ and http://community-shop.co.uk/community-shop/

43

https://feedingbritain.files.wordpress.com/2015/02/food-poverty-appg-evidence-review-final.pdf

44

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/567502/Digest_waste_resource_2016_rev4.pdf (also 2015 data)

45

http://www.wrap.org.uk/sites/files/wrap/Estimates%20of%20waste%20in%20the%20food%20and%20drink%20supply%20chain_0.pdf

46

http://www.forbes.com/sites/causeintegration/2017/01/16/choosing-social-causes-that-make-sense-for-your-company/#1e9454131c51

47

https://www.ifs.org.uk/tools_and_resources/fiscal_facts/public_spending_survey/cuts_to_public_spending

47a

 Background to the UK tax system of Nov 2016: https://www.ifs.org.uk/bns/bn09.pdf 

48

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/444993/2904001_LGF_web_accessible_v0_2__final_.pdf

49

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/555808/Statutory_Homelessness_and_Prevention_and_Relief_Statistical_Release_April_to_June_2016.pdf

50

http://jech.bmj.com/content/70/10/990

51

https://www.diabetes.org.uk/professionals/position-statements-reports/statistics/diabetes-prevalence-2016

52

http://www.ageuk.org.uk/Documents/EN-GB/Factsheets/Later_Life_UK_factsheet.pdf?dtrk=true
(This is the source of many statistics in this section)

53

http://www.resolutionfoundation.org/publications/live-long-and-prosper-demographic-trends-and-their-implications-for-living-standards/

54

Quoted in http://tomorrowscompany.com/delivering-value-in-government-outsourcing/

55

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/556331/SFR41_2016_Text.pdf

56

https://www.theguardian.com/business/2011/jun/01/rise-and-fall-of-southern-cross

57

https://www.theguardian.com/society/2014/jun/09/financial-strategy-southern-cross-care-homes-blamed-deaths-old-people

58

http://tomorrowscompany.com/wp-content/uploads/2016/05/tomorrows_business_forms_final__L__5294bdecb6f84.pdf

59

http://uk.businessinsider.com/sir-philip-green-bhs-pension-fund-2016-7

60

https://www.publications.parliament.uk/pa/cm201314/cmselect/cmpubacc/777/777.pdf

61

http://www.parliament.uk/business/committees/committees-a-z/commons-select/public-accounts-committee/news-parliament-2015/unitingcare-partnership-contract-report-published-16-17/

62

https://www.ft.com/content/f421092e-dbfd-11e6-9d7c-be108f1c1dce (£)

63

https://www.theguardian.com/society/2014/mar/27/atos-quite-work-capability-assessment-contract-early

64

https://www.ft.com/content/3dfd0c3a-0590-11e7-aa5b-6bb07f5c8e12 (£)

65

http://www.thetimes.co.uk/article/investors-will-get-100m-of-social-care-funding-jnrdvjgmp (£)