Don’t try and call a bottom to the crypto crash, warns UBS investment chief May 17, 2022 Investors should prepare for crypto to continue cratering after a market rout wiped more than $400bn from the market last week, a top investment chief warned today.
Enough is enough: Employers are running out of steam on ability to hike pay or make well-paid job offers May 16, 2022 Close to half of UK employers report having vacancies that are hard-to-fill, and almost two thirds anticipate problems filling vacancies in the next six months. The most common response made in the past six months by employers with hard-to-fill vacancies has been to increase pay, according to new research from CIPD, the professional body for [...]
Bitcoin has no future in payments, warns top crypto boss May 16, 2022 Crypto billionaire Sam Bankman-Fried has warned bitcoin will never function as a payments network due to its inefficiency, as the crypto world scrambles to steady the market after a sell-off frenzy in the past week.
Only one in ten UK workers to get pay rise this year as most Brits say employer simply does not care May 16, 2022 Most workers are in the dark over their pay or have already been told they will not have a wage rise this year, according to new research. A survey of 4,000 workers showed that only one in 10 has been told they will be getting a pay increase. Jobs site CV-Library said its study indicated [...]
Capital gains tax receipts increase £5bn in two years: Is its future aligned with income tax? May 15, 2022 The amount of Capital Gains Tax collected by the government has shot up by more than £5bn in the past two years, according to official figures from HMRC. Rising from £9.8bn in 2019/20 to £14.9bn in 2021/22, the huge increase comes after changes to the tax and rising house prices. The increase in Capital Gains [...]
City boss pays staff in gold to beat inflation: ‘Makes no sense to pay them in pounds’ May 15, 2022 Staff at a financial services firm in the City of London have been offered the possibility to get paid in gold rather than pounds and pence — to help them keep ahead of inflation. TallyMoney CEO Cameron Parry is understood to be the first employer in the country to trial a gold payroll, though other [...]
Millions of Brits face £100 per month budget shortfall as merciless cost-of-living crisis deepens May 14, 2022 Millions of households could be left around £100 per month short of what they need to cover their spending in just two years’ time on average, as costs rise faster than incomes, a new report suggests. By 2024, average weekly incomes could increase to £680 by 2024 – while average weekly UK household spending may [...]
Cost of borrowing surges as overdraft rates hit record highs: Credit card fees back to the ’90s May 10, 2022 Data covering quoted household interest rates on consumer credit products released by the Bank of England this week reveal the rising cost of borrowing for UK households, With the Bank hiking interest rates by 0.25bp last Thursday and inflation expected to show a climb yet again for April, the fresh data demonstrates the difficult decisions [...]
‘Hard’ assets in demand: Deals by City’s distressed private equity funds treble to £1.8bn in just one year May 9, 2022 The leading mid-tier distressed asset private equity and debt funds in the UK made a total of £1.8bn of acquisitions of businesses last year, almost treble the £670m registered in 2020 and the highest figure for five years. The 12 specialist funds acquired 26 UK businesses in 2021, up from 19 the previous year. There [...]
Chartered Management Consultancy Award (ChMC) helps retain and attract the most talented management consultants May 9, 2022 | Sponsored Demand for management consultancy services continues to grow at historic levels. Last year’s growth rate for the sector of 16 per cent is forecast to be followed by a 13 per cent expansion this year as clients continue to turn to consultants during a critical period to drive growth, digital transformation and help them to [...]