Road to recovery: FTSE 100 closes at highest point since the start of the pandemic June 15, 2021 The FTSE 100 has returned to its highest point since the start of the Covid-19 crash that wiped hundreds of billions of pounds off the index last year. The market ticked back up to 7,172.48 after gaining another 25.8 points on Tuesday, a 0.4 per cent rise. It means that the index is currently at [...]
Crypto assets: you can doubt, but you can’t hide June 15, 2021 | City Talk It is no longer prudent to ignore the potential of crypto assets. The investment industry can be sceptical about crypto assets. Investors can certainly choose not allocate to them, but few can afford to ignore them. Why? Not just because Bitcoin’s dizzying ascent has captured the popular imagination but the more persuasive reasons why the [...]
To notify or not to notify? The potential perils of uncertain tax treatments June 15, 2021 | City Talk The Government is proposing that large businesses should be required to notify uncertain tax treatments to HMRC. ICAS has responded to the second HMRC consultation on the proposals – the fundamental flaw in the original proposals has not been addressed. They remain poorly targeted, so will potentially impose a burden on all large businesses. Why [...]
Canary Wharf boss: ‘FOMO’ will bring staff back to the office June 14, 2021 Canary Wharf boss: Government must be clear on rules, but FOMO will bring people back to the office
Rishi Sunak not expected to alter furlough scheme despite Freedom Day delay June 14, 2021 Rishi Sunak not expected to alter furlough scheme despite 'Freedom Day' being scrapped
UK economy grew by 2.3 per cent in April as high street and hospitality reopened June 11, 2021 Britain’s economy grew by 2.3 per cent in April as government restrictions affecting economic activity continued to ease. It was the fastest monthly growth of gross domestic product (GDP) since July last year and exceeded economists’ forecast of a 2.2 per cent jump. In comparison with April 2020, monthly GDP in April 2021 is estimated [...]
Before the Bell: UK economy expected to show an April boost June 11, 2021 A rather strange thing happened yesterday after US CPI hit its highest levels since 2008 at 5 per cent and core CPI hit its highest levels since 1992, at 3.8 per cent. US 10 year yields after initially spiking higher, dropped sharply to hit their lowest levels in three months, below 1.44 per cent, as [...]
HMRC set to recover £1bn of fraudulent furlough cash over two years June 9, 2021 Over £1bn of fraudulent or mistakenly claimed furlough cash is set to be recovered over the next two years, HMRC has said. Since the introduction of the furlough scheme in March 2020, more than £60bn has been claimed by employers as it protected over 11m employees. In the March Budget, the government announced the scheme [...]
21 June reopening: Decision may be made before vaccine’s effect on Delta variant known June 8, 2021 Decision to reopen on 21 June may be made before data on Covid vaccine's effectiveness on Delta variant known
MiCA: A ‘beta version’ of crypto-assets regulation in the EU June 8, 2021 | City Talk Alexander Prognimak, CFA from the CFA UK Future of Money Working Group, looks at European Union plans for crypto-assets. Gone are the days when London’s famous red buses would be carrying adverts promoting the dream of a shiny post-Brexit future for the NHS. As one ad (that has attracted the advertising regulator’s attention) read: ‘If [...]