UK government reaches six-figure payout settlement with ex-civil servant after Priti Patel row March 4, 2021 The government has reached a payout settlement with the Home Office’s former top civil servant after he claimed home secretary Priti Patel orchestrated a campaign to oust him from his job. Former Home Office permanent secretary Sir Philip Rutnam said today he had settled with the government out of court, after previously suing for unfair [...]
PwC and EY: Our restructuring arms are not for sale March 4, 2021 Big Four firms PwC and EY have insisted they have no plans to follow in the footsteps of rivals KPMG and Deloitte and sell the restructuring units of their businesses. Selling restructuring units is in vogue at Big Four firms. This morning KPMG announced it had signed an unconditional agreement with private equity firm HIG [...]
Jack Dorsey’s Square buys $300m stake in Jay-Z’s streaming firm Tidal March 4, 2021 Mobile payments firm Square has agreed to buy a majority stake in Tidal, the streaming service owned by rapper and producer Jay-Z, for $297m (£212m). Square, which was co-founded by Twitter chief executive Jack Dorsey, said it will pay a mix of cash and stock for the stake, while Jay-Z will join its board of [...]
Sadiq Khan broke half of 2016 election promises, claims Tory rival Shaun Bailey March 4, 2021 Sadiq Khan has broken just over half of his 2016 campaign promises, Conservative mayoral rival Shaun Bailey has claimed. Bailey will today launch an advertising claiming Khan has not delivered on 126 of his 244 manifesto promises, however Labour has called the allegation a “complete work of fiction”. Bailey cites a list of manifesto promises [...]
Why improving cyber security should be a priority for every business in 2021 March 4, 2021 Kralanx Cyber Security CEO Jean-Michel Azzopardi talks through what a business must, should and could have for cyber security.
Digital Currencies: The money of tomorrow or today? March 4, 2021 Last week the Treasury-commissioned fintech Review published its agenda for the future of the UK intech sector. It recommended more government oversight, closer regulatory alignment, and perhaps most intriguingly, an embrace of digital currencies. But what would this actually look like in the UK – and why does it matter? To understand this, it helps to [...]
DEBATE: Is Universal Credit fit for purpose? March 4, 2021 Jonathan Reynolds, Shadow Secretary of State for Work and Pensions says NO Universal Credit has failed on its own terms. It is not offering a route out of hardship instead it is perpetuating a cycle of debt and destitution that is hurting our economy. The system starts people off in debt through the five week-wait, [...]
Re-DeFining finance raises: Launchpads! March 4, 2021 An insider's view of the industry with DeFi Dawg talks us through a host of launchpad solutions and evolutions.
Budweiser invests £115m in UK breweries to pour an extra 630m pints a year March 4, 2021 Budweiser has announced plans to invest more than £115m in its two major UK breweries to improve their infrastructure and create jobs. The beer firm, which is part of drinks giant AB Inbev, will install modern equipment at its South Wales and Lancashire sites to expand capacity in brewing, canning and bottling. The investment will [...]
What will the new tech visa rules mean for UK fintechs? March 4, 2021 Among a raft of new measures announced in the Budget the Chancellor has launched a new visa scheme to retain and attract the tech industry’s top talent. Announcing the Budget on Wednesday Rishi Sunak laid out plans to introduce “fast track” visa applications for people with a job offer from a recognised UK scale-up, together [...]
