According to new population projection statistics from the Office of National Statistics (ONS), the UK is expected to grow by 7.3 percent in the decade leading up to 2032, with a net increase of 4.9 million people driven entirely by migration, as deaths are projected to match births. The UK’s fertility rate is anticipated to hit a low of 1.41 per woman in 2027 and remain at that level for nearly ten years, leading to a projected population of over 70 million by 2027 and 75 million by 2042.
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Bonuses surge for top traders at EU investment firms after cap is lifted
Bonuses at EU specialist investment firms have surged since they were exempted from the bloc's bonus cap rules, with average bonuses for key staff reaching €1.5mn in 2022 and €1.15mn in 2023, exceeding six times their fixed pay. The European Banking Authority (EBA) highlighted a gender pay gap, noting women earned 24.5% less than men at deposit-taking banks and 32% less at investment firms, with calls for better analysis and action to address this disparity....
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