City pay packets bulge as firms hike wages to lure talent October 18, 2021 Pay packets in the City are bulging as competition for talent heats up amid the post-pandemic rebound. Finance firms are hiking pay in a bid to lure workers away from their current employer, research by professional services recruiter Morgan McKinley found. Workers moving from one company to another netted on average a 22 per cent [...]
City generates nearly £100bn for the public purse October 18, 2021 The City generated nearly £100bn in taxes last year, highlighting the degree to which the government relies on finance, law and accountancy firms for cash. For every £100 in taxes, the financial, legal and accountancy sectors contribute nearly £13, research by the City lobby group TheCityUK found. The legal and accountancy sectors alone yielded £20.5bn [...]
NHS Trusts rack up around £2bn worth of clinical negligence claims last year October 18, 2021 NHS Trusts racked up around £2bn worth of clinical negligence claims last year, according to new findings. The findings, revealed by a Channel 4 Dispatch Freedom of Information (FOI) request, pushed former health secretary Jeremy Hunt to urge NHS Trust’s to end ‘targets culture’, as it “can create a culture where numbers matter more than [...]
Top finance brass bet on Bank of England rate hike October 18, 2021 The UK’s top finance brass are becoming increasingly confident the Bank of England will hike interest rates. Over half of chief financial officers (CFO) think rates will rise to at least 0.5 per cent by this time next year, research by Deloitte has found. Higher interest rate expectations have strengthened over the last three months, [...]
Editorial: Time to cool the temperature – and say thank you a little more October 18, 2021 Much has been said about the death of Sir David Amess MP, but it is the anecdote from his former researcher that perhaps best serves as a fitting epitaph. “Early on, I was absolutely terrified we had forgotten to tell him about an urgent call from David Cameron’s office. Couldn’t have bothered him less. ‘Don’t [...]
COP26: ‘Climate risk is investment risk’, says BlackRock ESG lead October 18, 2021 “Climate risk is investment risk,” the ESG lead at investment heavyweight BlackRock has said, as the UN’s Principles for Responsible Investment (PRI) outlines not only what countries need to do to hold back climate change, but what they are likely to achieve. To meet the Paris Agreement’s goals, countries will need to retire unabated coal [...]
Back to 2007: UK house prices rise for every region and buyer type October 18, 2021 It’s a full house for the UK home buying market, with property prices rising last month in every region of the UK, London included, and for buyer types ranging from first-timers to those at the wealthiest rungs of the property ladder. In London, the average property price hit £650,683, up another 1.9 per cent on [...]
Klarna launches ‘pay now’ feature for UK shoppers October 18, 2021 Buy now pay later (BNPL) fintech Klarna has branched out from its main service and launched a “pay now” immediate payment service in the UK. From today onwards, British online shoppers will be able to choose to pay immediately and in full using Klarna, with the same payment experience as if they were to choose [...]
Culture of silence: One in four women in financial services want to leave work due to menopause October 18, 2021 Pervasive taboos, a “culture of silence” in the workplace, and the impact of the physical symptoms of the menopause are all contributing to a blockage in the retention and leadership pipeline of women in financial services, according to new research. For a quarter (25 per cent) of women working in the UK’s financial services industry [...]
Family pays tribute to Sir David Amess MP October 17, 2021 The family of Sir David Amess MP have said their “hearts are shattered” and that they are “enormously proud of him”. Sir David Amess, 69, was stabbed to death on Friday during a constituency surgery at Belfairs Methodist Church in Leigh, Essex. He was married with four daughters and a son. In a statement released [...]
