PwC to give 11,000 workers their biggest pay rise in a decade June 26, 2022 PwC is set to give around half of its UK workforce their biggest pay rise in a decade, in hiking around 11,000 of its workers base salaries. The accountancy firm is set to give a nine per cent pay rise to around half of its more than 22,000 staff – at a cost to [...]
Johnson warns Macron that G7 must not give Putin ‘licence to manipulate’ June 26, 2022 Boris Johnson has cautioned French President Emmanuel Macron at today’s G7 meeting that political leaders must not give Vladimir Putin a “licence to manipulate” the West. The Prime Minister waved away suggestions that the conflict should be resolved now in a veiled swipe at Macron’s recent comments that Putin must not be “humiliated” and should [...]
UK among G7 countries to ban Russian gold imports June 26, 2022 Exported Russian gold will be shut out of the UK, Canada, US and Japan under a batch of fresh sanctions designed to ramp up pressure on Moscow’s war efforts, the government announced today.
Minister says it’s ‘fine’ Prince Charles accepted €3m cash from Qataris June 26, 2022 It was perfectly fine for Prince Charles to accept bundles of cash worth €3m from Qatar’s former Prime Minister, according to a cabinet minister. Northern Ireland secretary Brandon Lewis said he had no problem with the Prince’s actions from a decade ago as long as the donations went through the proper processes. The Sunday Times [...]
Solicitors’ watchdog advances crackdown on ‘lawfare’ with more than 20 SLAPP investigations June 26, 2022 The solicitors’ watchdog has launched more than 20 investigations into UK law firms over their involvement in SLAPP lawsuits, as part of its efforts to crack down on the use of Britain’s libel laws to silence the press and other legitimate criticism. The Solicitor’s Regulation Authority (SRA) now has more than 20 open cases over [...]
Investors pile into real assets amid equity market turbulence June 26, 2022 Investors are piling into so-called real assets this year as equity markets plunge amid soaring inflation and rising interest rates, new data has revealed.
Consulting and finance firms hire more black candidates when using anonymous ‘skills-based’ tests in the hiring process June 26, 2022 City employers are more likely to hire black candidates if they rely on anonymised, “skills-based” assessments in the hiring process, instead of more traditional interview methods, new research shows. Finance and consulting firms hired 79 per cent more black candidates when they relied on skill-based assessments, over more traditional methods such as cover letters, group [...]
Dealmaking drought set to continue amid recession fears June 26, 2022 A dealmaking drought is set to continue this year as firms batten down the hatches for a prolonged period of rampant inflation and stock market turbulence, analysts have warned.
World is staring down the barrel of new high inflation era, BIS warns June 26, 2022 The world risks being flung into a new era of persistently high inflation that will tip the global economy into a drawn out recession, one of the world’s top economic institutions has warned. Rampant price rises triggered by a series of economic shocks that have no “historical parallels” could become the norm, the Bank for [...]
Overhaul tax system to boost firms’ tech investment, says Sage boss June 26, 2022 The boss of British software giant Sage has called for an overhaul of the UK’s tax system to boost firms’ investment in digital growth and tech infrastructure.
