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European stock markets hit record high; UK house price growth at fastest annual rate since 2022 – business live

Live coverage of business, economics and financial markets as Stoxx 600 index beats previous high point set in June

Compressed hours could be one of the flexible working options that employers will reportedly have to consider under Labour government plans.

That would be a step towards the goals of four-day week campaigners, if not a final destination. The 4 Day Week Campaign is pushing for an actual cut in the number of hours worked to 80% of the standard, rather than compressed hours which mean you work 100% of the hours, but over four days.

This is a welcome move from the government which recognises that the future of work we are heading for is a four-day week for all.

However, these proposals would only allow workers to compress their working hours rather than reduce them which we have found is key for improving work-life balance and also maintaining productivity.

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