Tag Archives: ‘fourday

Four-day week: Iceland trial of shorter hours on same salary prompts UK demand on Twitter

The trials took place between 2015 and 2019 and saw workers paid the same for shorter hours. The results showed productivity either remained the same or even improved.

The trial run by Reykjavík city council alongside the Icelandic national government included one percent of the working population cutting their work week from 40 hours to 35-36 hours.

Workers reported feeling less stressed and their work-life balance improved.

People have taken to Twitter to share their opinions on the trial.

“We’re still using a working week model from the 19th Century despite 21st Century technology and productivity. It’s time to update how we work,” a user from the UK said.

READ MORE:Average Briton sits down for more than 43 hours during typical week

“Five days on and two off is a massive imbalance. Four on and three off would be much better,” a user from the UK said.

One user from the US said: “Once again reminded that a three day weekend/four day work week would do amazing things for our collective well being.”

Another from the US wrote: “Yet another, ‘DUH! We’ve been saying this for decades now!'”

“It’s time to make the three-day weekend permanent. Nothing will be lost except a lot of misery,” a third user from the US wrote.

Will Stronge, director of research at Autonomy, told the BBC: “This study shows that the world’s largest ever trial of a shorter working week in the public sector was by all measures an overwhelming success.

“It shows that the public sector is ripe for being a pioneer of shorter working weeks – and lessons can be learned for other governments.

“Iceland has taken a big step towards the four-day working week, providing a great real-life example for local councils and those in the UK public sector considering implementing it here in the UK.”

Last year, a poll conducted by Survaton found that 63 percent of the British public support shifting to a four-day work week with no pay reduction.

The poll found that only 12 percent were against the idea.

Following the success of the trial, around 86 percent of the workers in Iceland started to negotiate contracts with permanently shorter hours.

Gudmundur D Haraldsson, a researcher at the Association for Sustainability and Democracy, said: “The Icelandic shorter working week journey tells us that not only is it possible to work less in modern times, but that progressive change is possible too.

“Our roadmap to a shorter working week in the public sector should be of interest to anyone who wishes to see working hours reduced.”

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Author: Isabella Marsans
Read more here >>> Daily Express :: UK Feed

Pound euro exchange rate recovers ‘modest gains’ after ‘four-day losing streak’

The pound has seen a series of highs and lows in recent weeks amid the ever-changing global coronavirus situation. As restaurants, pubs, hairdressers and non-essential shops reopened their doors on Monday, sterling managed to claw back some of its strength against the euro.
The pound is currently trading at a rate of 1.1556 against the euro according to Bloomberg at the time of writing.

It is an increase of 0.16 percent over the last 24 hours, which has been described as a “modest” gain by one financial expert.

George Brown, currency expert at Caxton FX shared his exclusive insight into the exchange rate with Express.co.uk.

He explained: “Sterling began the week yesterday by notching fairly modest gains against the common currency which, though rather unimpressive in isolation, did see the pound snap a four-day losing streak.

READ MORE: British Airways extends suspension of short-haul Gatwick flights

Nations will be labelled as “red”, “amber” or “green” based on their Covid “risk”, taking into account factors such as the number of confirmed coronavirus cases in a country and the progress of its vaccine rollout.

In anticipation, many Britons may be considering switching their travel money while rates are good.

However, one travel money expert has suggested holidaymakers should hold onto their pounds until there is further confirmation regarding holidays.

James Andrew, senior personal finance editor at money.co.uk warned: “Although countries have said they will be opening their doors to UK visitors, consumers must be cautious before exchanging money at this stage.

“International travel is currently prohibited by law until May 17 earliest.

“Until the Government has confirmed that you will be allowed to travel, consider if you need to exchange travel money right away.”

Yet, once holidays are concerned, Britons are advised to exchange their travel money well in advance of their departure.

“Do not exchange money at the airport, their rates are almost always less favourable than you can get in advance,” he told Express.co.uk.

“No matter how last minute your plans are, never be tempted to buy currency at the airport – the prices are notoriously harsh.

“If you do want to collect your money at the airport, ensure you order it well in advance to take advantage of better rates.”

He added: “If you have left it to the last minute, you might be able to order your travel money online as late as the night before and pick it up at the airport before you fly out.

“That should get you a far better rate than a walk-up customer and still see you have the currency in your hands before you land.”

This article originally appeared on Daily Express :: Travel Feed