Budget: Government risks lost generation of self-employed Brits, warns tax leader October 27, 2021 Ahead of the Budget today, the Chancellor has been urged to resist introducing further tax changes that offer ‘quick wins’ for the economy but deal long-term, or even permanent, damage to the UK’s self-employed workforce. After breaking a Conservative manifesto pledge in September by announcing the social care levy, which will see national insurance and [...]
Bitcoin drops below $60k as markets cool off October 27, 2021 The price of bitcoin yesterday closed below $60,000 for the first time in almost two weeks, with two minor flash crashes on Wednesday morning seeing the largest cryptocurrency fall to as low as $58k before recovering to around the $59k level, where it’s currently changing hands. That’s down 2.5% since yesterday morning and 8.5% over [...]
City banks and financial services firms bet heavily on tech and data analytics October 27, 2021 Banking and financial services firms plan to step up their tech investments in the coming 12 months to improve both front and back-end technology. In fact, nearly three in four financial institutions has made improving the quality of their core technologies a priority, while 65 per cent of financial services players plan to pump more [...]
West Ham v Man City: Irons showing steel under Moyes ahead of EFL Cup tie October 27, 2021 West Ham United could be forgiven for wanting to forget the last time they met Manchester City in the EFL Cup. In a two-legged semi-final played in January 2014, City humiliated Sam Allardyce’s Hammers by an aggregate score of 9-0. The first leg at the Etihad Stadium, which ended 6-0, was notable for defender Roger [...]
Role reversal: Why reverse mentoring is a ‘no-brainer’ October 27, 2021 | City Talk Even before the pandemic, the World Economic Forum was describing reverse mentoring as a ‘no-brainer’. Now, as employers look to establish new working norms, Patrice Gordon CA explains why it could prove business critical. This article first appeared in ICAS’ CA magazine. Accountancy and psychology may seem an odd combination for a degree student. But for [...]
Legacy banks don’t deserve a bigger slice of the pie than fintech businesses – CityAM : CityAM October 27, 2021 Rishi Sunak plans to slash the bank profit surcharge from 8 per cent to 3 per cent. This is designed to offset the rise in corporation tax to 25 per cent in 2023, but only for the big banks. John Glenn, economic secretary to the Treasury, outlined the logic behind the move in September, stating [...]
How Fiat will get Minimized or Replaced Leading to Evolutionized Forms of Government October 26, 2021 Modern society runs on databases that are run by TTPs (Trusted Third Parties). TTPs decide, in practice, your rights, from trivial to important such as whether your hotel airline reservation is cancelled, if you can only wire a limited amount to your crypto-exchange, that you are not allowed to use AirBNB and if you are [...]
The City after Brexit: With Refinitiv, Shearman & Sterling and the Investment Association October 26, 2021 Brexit, ‘greenwashing’, COP26, the EU/UK taxonomy, China in the wake of the Evergrande affair, the EU’s push for ‘strategic autonomy’ as well as privacy and the use of data are being discussed by CSFI director Andrew Hilton and this panel. They also zoom in on the latest IA report on asset management, and have a [...]
Covid-19 booster vaccinations: All your questions answered October 26, 2021 A third Covid shot is coming your way this winter as two jabs may not give us sufficient protection, or at least not in the long term. Booster jabs are being offered as part of a ramped-up vaccine campaign in England and City A.M. caught up with Phil Day, superintendent pharmacist at Pharmacy2U, to discuss [...]
Tory MP Owen Paterson faces suspension over ‘egregious’ breach of lobbying rules October 26, 2021 Tory MP Owen Paterson is facing a 30-day suspension from the House of Commons, after an “egregious” breach of parliament’s lobbying rules. Parliamentary commissioner for standards Kathryn Stone ruled today that the North Shropshire MP broke lobbying rules during his work for clinical diagnostics firm Randox, where he had been hired since 2015. He had [...]