City braces itself for more rules as Rishi Sunak orders financial regulation reviews September 24, 2021 Chancellor Rishi Sunak has ordered two immediate reviews of UK financial regulation following a report by the Treasury select committee on the collapse of Greensill Capital. In a letter published on Friday, Sunak insisted the Treasury acted “entirely appropriately” in its handling of David Cameron’s Greensill lobbying efforts. Sunak hit back at the report which [...]
Sunak says investors have nothing to fear over tougher tech M&A regulation September 15, 2021 Chancellor Rishi Sunak said proposals from the UK’s competition watchdog for tougher scrutiny of M&A deals in the startup industry are reasonable and not intended to discourage early investors in UK tech companies. “I don’t think people need to be that anxious about it,” he told reporters at a tech event in London. “No one [...]
Sunak: Private equity raid on UK businesses ‘good news’ for economy September 14, 2021 Foreign investment firms’ recent surge of interest in British listed companies is a “sign of confidence” in the UK economy, chancellor Rishi Sunak said on Tuesday, while also touting British fintech and life sciences companies as “globally best in class.” On the same day that Clayton, Dubilier & Rice cemented its pole position in a [...]
Rishi Sunak hopes insurers could help fund social care costs September 11, 2021 Chancellor Rishi Sunak has told Treasury officials to start talks with the insurance industry over potential new products to help finance social care costs, a treasury source said, according to reports. The news follows plans set out earlier this week by the Prime Minister to raise taxes on workers, employers and some investors in an [...]
Treasury refuses to bankroll Michael Gove’s single government login proposal August 21, 2021 Michael Gove’s plan to give every adult a single login for online interactions with the government, could be stalled by a funding dispute with the Treasury, according to reports. The Cabinet Office’s proposed plan, dubbed “one login for Government”, would result in people logging into a single online interface to conduct a host of activities [...]
Half a million UK partners in law firms and accountancies face tax hike in 2022 August 9, 2021 Over half a million sole traders and partners may face higher tax bills than expected next year if a government proposal to change the date businesses report their profits is approved. Experts have said it would generate billions of pounds for the Treasury years ahead of the existing schedule for payments, according to a report [...]
Back to the office: Business groups echo Sunak’s concerns about young workers August 3, 2021 Business groups have echoed Rishi Sunak’s warning that “young people in particular” are missing out on “valuable” experience through remote working. In an interview with LinkedIn the Chancellor cautioned that remote working can be a poor substitute for in-person workplaces. His comments follow the decision to lift guidance to “work from home where possible” on [...]
Rishi Sunak: For young people, working from home is no substitute for office August 3, 2021 Rishi Sunak has said that working from home is not nearly as “valuable” for young people’s career progression as going into the office, after the government changed its guidance. “The mentors I found when I first started my job I still talk to and they have been helpful to me even after we have gone [...]
Rishi Sunak warns Boris Johnson travel restrictions are ‘out of step’ August 1, 2021 The Chancellor has warned Boris Johnson that the UK’s travel restrictions are “out of step” with its international rivals as he pushes for holiday rules to be relaxed, according to reports. The Sunday Times reports today that Rishi Sunak has written to the Prime Minister about the damage that the current border rules are doing [...]
JP Morgan to lift pandemic office capacity caps in London July 14, 2021 JP Morgan will soon lift its 50 per cent capacity cap for its Canary Wharf office as pandemic restrictions are lifted next week. Employees will still be required to wear masks in common areas and complete health checks, as reported by Financial News. The US investment bank’s return-to-office task force said in an internal memo: [...]