‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Top economist says Bank of England’s failure to tackle inflation quickly will worsen cost-of-living crisis February 6, 2022 One of Britain’s top economists has accused the Bank of England’s of failing to act quickly enough to stop inflation from worsening the cost-of-living crisis. Gerard Lyons, a former economic advisor to both Gordon Brown and Boris Johnson, accused Bank of England Governor Andrew Bailey of failing to “nip inflation in the bud” and taking [...]
UK consultancies are hiring fewer Oxbridge and Russell Group uni grads than a decade ago February 6, 2022 The UK’s management consultancies are hiring fewer Oxbridge graduates and fewer Russell Group university graduates than they were a decade ago, figures from the Management Consultancies Association (MCA) show. The proportion of young management consultants from the UK’s top-ranking Russell Group universities has dropped from heights of 73 per cent in 2011, to rates of [...]
Trowers & Hamlins and Bird & Bird give new lawyers a pay rise – but fail to match their US rivals February 6, 2022 City of London law firms Trowers & Hamlins and Bird & Bird have both hiked salaries for freshly qualified lawyers. London firm Bird & Bird has given its newly qualified (NQ) associates a 24 per cent pay rise after upping its NQs salaries by £17,000 from £71,000 to £88,000, according to figures from LegalCheek. The [...]
Meet Julien Martinet: The savvy lawyer who poached an entire team from law giant Hogan Lovells February 5, 2022 Julien Martinet this week hit the headlines for leaving Hogan Lovells, one of the biggest law firms in the world, to start his own specialist litigator, Swift Litigation – and taking his entire team of lawyers with him. Martinet’s departure from Hogan Lovell’s came after former Boies Schiller Flexner partner Natasha Harrison left the New [...]
Money and mental health czar Richard Lloyd named FCA boss while search for Charles Randell successor kicks off February 4, 2022 The Treasury announced this afternoon that they have started the search for the next Chair of the FCA. While the search for Charles Randell’s permanent successor kicks off, Richard Lloyd OBE will act as interim chair of the FCA from 1 June, with Aidene Walsh will become interim chair of the PSR from 1 April. Richard Lloyd [...]
Disbelief and anger as man who kept low IQ victim for 40 years in a horse box walks free: ‘I had nowhere else to go’ February 4, 2022 There was disbelief and anger today as a man who exploited a vulnerable victim found living in a squalid shed has walked free from court. Peter Swailes Jr, 56, was sentenced at Carlisle Crown Court to a nine-month jail term, suspended for 18 months. The victim had been “used and exploited” for 40 years while [...]
UK lags behind European rivals as hub for creative agencies February 4, 2022 The UK is trailing behind its rivals in the competition to become Europe’s best place for creative agencies, according to new data from Sortlist. Figures from the advertising industry analysts show that Belgium has the most creative agencies per capita of any country in the world, with 22.9 creative firms per 100,000 people. Meanwhile, the [...]
Court grants sex worker anonymity in case against payments processor SumUp February 4, 2022 A British court has said an escort should be allowed to remain anonymous as she seeks to prevent card payments processor SumUp from banning sex workers from using its payments services. The court’s decision to grant anonymity to the escort – referred to only as Anna – will see her argue that SumUp’s decision to [...]
KPMG sued for £1.3bn over audit of Carillion February 3, 2022 The court appointed officer in charge of liquidating collapsed construction giant Carillion is suing KPMG for £1.3bn, for its role in auditing the building contractor. The £1.3bn claim – filed by the High Court appointed Official Receiver (OR) – alleges that KPMG failed its duties as an auditor to spot misstatements in Carillion’s accounts. The [...]
Russia-Ukraine: What will sanctions mean for UK businesses? February 3, 2022 Liz Truss this week warned Russia that the UK is now prepared to hit the Russian Federation with its “toughest sanctions regime” ever, as it seeks to deter the country from sending troops into Ukraine. “Nothing is off the table and there will be nowhere to hide,” the foreign secretary said. But as of yet, [...]