U.S. jobs growth slows well below forecasts January 7, 2022 US jobs growth fell well below forecasts in December as rising COVID-19 infections disrupted economic activity, according to official data released today. The figure in the US Bureau of Labor Statistics report showed that the US economy added 199,000 jobs in December, after economists polled by Reuters had anticiapted a rise of 400,000. Unemployment levels [...]
Income of FTSE 100 executives passes median UK worker’s annual salary today despite CEO pay dropping to £2.7m January 7, 2022 New research shows this morning that the pay of top company executives will pass the median annual wage for a full-time worker by Friday morning, sparking outrage from unions. The High Pay Centre said that, by this morning, the median FTSE 100 chief executive (CEO) will have been paid the median UK worker’s annual salary. [...]
Freezing personal allowance and higher rate tax rates will push 1.2m Brits over 40 per cent tax threshold January 7, 2022 New research shared with City A.M. this morning shows that over one million more people will pay a higher tax rate by 2026. The analysis by the House of Commons Library – first published in The Daily Telegraph – says around 1.2m additional workers will find their earnings going over the 40 per cent tax [...]
Two CEO success stories should put nonsense comparison to bed January 7, 2022 Today marks what unions and one particular think tank term ‘high pay day.’ It’s the day at which an average FTSE 100 CEO has earned the equivalent of the whole-year earnings of the so-called average worker. As ever, the comparison is facile, the implication idiotic, and it is deserving of no more than these few [...]
New year, new job? Here are 3 great opportunities to apply for this week January 6, 2022 And just like that, we have a whole new year ahead of us (how exciting). January is a common time of year for people to make changes in their lives, or at least get the ball rolling in some way. A big change people tend to think about at the start of a new year [...]
Combination of Covid, Brexit and transition towards net-zero economy to end decades of declining ‘job churn’ in UK January 6, 2022 Decades of declining “job churn”, which has meant fewer risks and opportunities for workers, is likely to be upended in the decade ahead as the combination of Covid-19, Brexit and the transition towards a net-zero economy brings about major changes in the UK economy, according to a new report. In fact, the view that robots [...]
UK police seize £300m in Bitcoin but is only tiny fraction of crime-linked crypto wallets: ‘Criminals see huge returns from jail’ January 6, 2022 Police across the UK have seized bitcoin and other cryptocurrencies valued at almost a third of a billion pounds during multiple criminal investigations. A Freedom of information (FOI) request made by the New Scientist publication shows that 12 of the UK’s 48 police forces in Britain confiscated cryptocurrency in the past five years, totalling more [...]
Fintech Monument appoints Ian Rand as new CEO after bank given green light by regulators January 6, 2022 Monument has appointed Ian Rand to the role of chief executive officer, following the bank’s acquisition of a licence. The former boss of Barclays Business Banking will take leadership of the digital bank this month, as co-founder and current CEO Mintoo Bhandari, takes a step back. Rand has been CEO designate from 1 January 2022 and [...]
Tory tax revolt: Rees-Mogg comes out against Rishi Sunak’s planned national insurance hike January 6, 2022 Chancellor Rishi Sunak is urged this morning by Commons Leader Jacob Rees-Mogg to ditch planned rises to national insurance. Rees-Mogg told Rishi Sunak at yesterday’s Cabinet meeting that the increase must be scrapped to stem the rising cost of living crisis engulfing the Government, according to the Daily Telegraph. The Prime Minister faced questions from [...]
Let’s dance: Bowie deal won’t be the last, says Coutts January 6, 2022 THE NEW year saw another bumper music deal in the headlines, with David Bowie’s songwriting catalogue sold to Warner for an estimated £200m.
