Warnings of ‘fire escape’ tax plans for wealthy Brits under Labour June 15, 2023 Wealthy Brits are preparing “fire escape” tax plans if Labour enter government, a tax advisor has claimed. David Lesperance, an international tax adviser, told the Telegraph he is acting as a “concierge” for well-off UK residents who want to protect their wealth after the next election. It comes after Labour leader Sir Keir Starmer promised [...]
Safety tech firms get £350k boost to tackle ‘plague’ of online child abuse June 15, 2023 Safety tech firms are set to receive a £350,000 investment to help tackle the “plague” of online child abuse. Researchers have revealed UK firms boast a 25 per cent market share of the global safety tech sector, as three UK start-ups win government cash to rocket power their innovation. Tech minister Paul Scully said: “The [...]
Oaknorth founder Rishi Khosla: Tall poppy syndrome, Tory rhetoric and why the UK is losing its lustre for fintech June 15, 2023 Rishi Khosla, chief of OakNorth, says the UK needs to celebrate the success of its fintech entrepreneurs
Vodafone and Three UK ‘transformative’ merger sparks speculation over CMA approval June 15, 2023 Britain’s competition regulator is set to scrutinise the long-awaited tie-up of Vodafone and Three, announced yesterday. The deal will create the largest mobile network in the UK. Vodafone boss Margherita Della Valle said the merger is “great for customers, great for the country and great for competition”, but commentators warned last night the CMA was [...]
HSBC agrees new terms for delayed sale of French retail business as exit from global markets picks up pace June 15, 2023 HSBC has agreed new terms for the sale of its French retail division to Cerberus-backed My Money Group, paving the way for the delayed sale to be completed early next year. Under the new terms of the deal, Cerberus will invest €225m (£192.5m) into the business while HSBC will retain a €7.0bn portfolio of loans [...]
City firms are still digging their heads in the sand over sexual harassment June 15, 2023 The Odey's sexual harassment case is an example of how companies still think the "no comment" approach is the best one when they're hit by scandal, no matter the consequences, writes Simon Neville
Let’s be honest, even after Brexit we’re still adding more red tape June 15, 2023 For more than a decade, Conservative Prime Ministers have promised to scrap bureaucracy and red tape and yet even after Brexit they’ve done exactly the opposite.
Federal Reserve pauses interest rate rise campaign as US inflation subsides June 14, 2023 The US Federal Reserve today held off on firing interest rates higher for the first time in over a year, electing to wait and see what impact prior increases have had on the world’s largest economy before straining households and businesses further. Chair Jerome Powell and the rest of the Federal Open Market Committee (FOMC) [...]
Tech Week Day Three: Mitigating the risks of AI while exploiting its potential for jobs and society June 14, 2023 Of all the hot topics discussed at another balmy day at London Tech Week, one stood out feverishly from the rest – artificial intelligence, and how it will impact global economies. Around the world, governments are racing to get to grips with AI and establish effective strategies to regulate it. Today, lawmakers in the European [...]
Hooray for Holly Wood! Boson Protocol appoints Business Development Director June 14, 2023 Boson Protocol – a London-based, open-source, foundational infrastructure - has appointed Holly Wood as Director of Business Development.
