TIDMELLA
Ecclesiastical Insurance Office PLC
16 July 2013
For immediate release: 16 July 2013
COMMUNITY ORGANISATIONS WAGE BILL FORECAST TO BRING IN GBP24
BILLION FOR UK ADULTS IN 2013
-- Community organisations set to provide UK adults with as many
jobs in 2013 as the financial services sector
-- They will pay more in employment costs (wages, salaries,
benefits, pensions etc) than the hotel and food services sector
this year
-- Voluntary and charitable sector will spend GBP17 billion in 2013 employing 825,000 UK adults
-- Figures come as a new report by the TUC reveals rising long term unemployment
The latest UK unemployment figures are set to be issued tomorrow
(Wednesday 17 July), and new data has revealed that long term
unemployment is rising, with the number of people out of work for
at least 12 months hitting 16,000. However, latest figures from a
new report*, the Community Census, by Ecclesiastical Insurance
undertaken by CEBR has revealed that community organisations** are
forecast to provide UK adults with as many jobs as the financial
services sector in 2013.
The employment data, based on forecasts from economic experts
CEBR has revealed that the voluntary and charitable sector is
estimated to employ 825,000 paid workers in 2013. On top of this,
the heritage tourism sector is estimated to employ a further
260,000 workers, whilst religious organisations are estimated to
employ 61,000 workers, totalling 1.5 million working UK adults.
These sectors are in total estimated to provide employment for
roughly 3.8% of all the workers in the UK in 2013, making it the
12(th) largest broad industrial group.
Table: employment figures by sector
Sector Forecasted employment for
2013
-------------------------- --------------------------
Voluntary and charitable
sector 825,000
-------------------------- --------------------------
Heritage tourism 260,000
-------------------------- --------------------------
Religious organisations 61,000
-------------------------- --------------------------
Total 1.5 million working UK
adults
-------------------------- --------------------------
Source: CEBR
Income Contribution
Alongside the significant number of workers that UK community
organisations employ, the total amount that will be paid out in
employment costs in 2013 is estimated at GBP23.7 billion. This
figure is greater than the entire hotel and food services sector,
with voluntary and charitable organisations being the largest
contributors, at just over GBP17 billion a year. On top of this the
heritage tourism sector will contribute GBP5.3 billion to household
finances, with religious organisations contributing a further
GBP980 million.
Table: wage bill by sector
Sector Forecasted wage bill for
2013
------------------------- -------------------------
Voluntary and charitable GBP17 billion
sector
------------------------- -------------------------
Heritage tourism GBP5.3 billion
------------------------- -------------------------
Religious organisations GBP980 million
------------------------- -------------------------
Total GBP24 billion
------------------------- -------------------------
Source: CEBR
Overall, community organisations will be worth GBP27 billion
directly to the UK economy in 2013, in terms of wages, profits and
business taxes paid.
Mark Hews, Group Chief Executive Officer of Ecclesiastical
Insurance comments on the report: "Whilst unemployment figures
continue to draw attention and are hotly debated, it is clear that
some sectors across the country are showing strong growth this
year, and supporting households across the UK.
"The voluntary and charitable sector in particular has been hit
hard over recent years by falling support and contributions, but it
is also clear that it provides employment for a large group of UK
workers who are paid GBP17 billion a year in wages to support the
sector. This is a huge amount, and with community organisations
overall supplying GBP24 billion worth of income for working adults
in the UK this year it shows the vital role these organisations
play in people's lives."
Ecclesiastical insures thousands of community organisations from
charities, churches and heritage properties to care homes and
schools. It also offers a range of ethically screened investment
funds.
ENDS
*Report undertaken by CEBR between March - May 2013 on behalf of
Ecclesiastical Insurance
** Community organisations are defined in The Community Census
as charities and voluntary groups, religious bodies and heritage
buildings and sites
For more information, please contact:
Lisa Elliott / Rebecca Annable
lisae@lansons.com / rebeccaa@lansons.com /
ecclesiastical@lansons.com
0207 294 3679/ 0207 566 9731
Mobile: 0771741745
About Ecclesiastical
Ecclesiastical is a specialist insurer of charities, the
education, care and faith sectors, heritage buildings and fine
art.
Founded in 1887 to provide insurance for the Anglican Church, we
now offer a wide range of commercial insurances, as well as home
insurance, selling through brokers and directly.
Ecclesiastical also offers a range of ethically screened
investment funds.
Ecclesiastical has this year (2013) been awarded the Business in
the Community CommunityMark Award for its ongoing community support
activities. The insurer is also one of the top 10 Corporate Donors
in the UK according to the UK Guide to Company Giving published by
the Directory of Social Change.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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