Chartered Accountant’s role in battling climate change September 22, 2021 As the demand for progress on combating climate change grows stronger, CAs will find themselves in the thick of the action, says James Barbour CA, Director, Technical Policy. This article first appeared in ICAS’ CA magazine. In 2000, the world watched as Edinburgh played host to the International Federation of Accountants Conference. At this historic gathering, [...]
Whitehall needs to butt out of businesses’ rules on home working September 22, 2021 Good news, British workers! If you want to work flexibly, by adjusting your hours or working from home, then a consultation document due to be published on Thursday may give you the right to request it from day one. If an employer dares deny it, they’ll need to explain why and suggest an alternative working [...]
Volatile equity market swells state-owned bank’s balance sheet September 22, 2021 A strong performing equity market amid pandemic-induced volatitlity swelled the state-owned development bank’s balance sheet. The British Business Bank (BBB) extended £89bn of loans to UK businesses last year, up £80bn from last year, as businesses scrambled for credit during the pandemic. The BBB extended just £8bn in loans before the pandemic, highlighting the scale [...]
“It’s existential”: TfL boss says Government failure on long-term funding deal would be “betrayal” of London September 22, 2021 THE man in charge of the capital’s creaking transport network has said that it will be a “betrayal” of London if TfL does not get a long-term funding deal this year. Commissioner Andy Byford warned that if the government did not agree a multi-year package with the operator it would set back the UK’s recovery [...]
Suburban takeover: Pret sets out plans for more than 200 new shops – CityAM : CityAM September 22, 2021 Sandwich chain Pret a Manger has announced plans to open more than 200 UK shops in the next two years, as it aims to become more than a “white collar worker’s staple”. The business hopes to double its size within five years, with a £100m net investment by JAB and Pret founder Sinclair Beecham to [...]
West Midlands’ transport system will follow London’s lead – CityAM : CityAM September 22, 2021 While Westminster was abuzz with all the reshuffle gossip last week, my eyes were immediately drawn to the renewed focus on the levelling up agenda. With a new high-profile cabinet minister in place and a re-named department, it is clear the Prime Minister is intent on delivering the vision he laid out in his speech [...]
Editorial: Transport for London needs a funding model fit for a modern capital September 22, 2021 On the tube, mind the gap is supposed to be a cautionary warning for absent-minded tourists. Alas over the course of the pandemic it’s become something rather more serious – a constant, if pithy, reminder of the black hole at the heart of Transport for London’s finances. London is a great global city, but the [...]
Whitehall needs to butt out of businesses’ rules on home working – CityAM : CityAM September 22, 2021 Good news, British workers! If you want to work flexibly, by adjusting your hours or working from home, then a consultation document due to be published on Thursday may give you the right to request it from day one. If an employer dares deny it, they’ll need to explain why and suggest an alternative working [...]
Opinion-in-brief: Cyber crime is here to stay, we need to fight back September 22, 2021 There is a rising tide of cybercrime in the Big Data world. This year’s London Tech Week should be an opportunity to bolster our digital technologies, making them more secure for the future. Cyber crime is becoming the biggest cyber threat facing the UK. Also known as ransomware, it is malicious software that uses encryption [...]
Not going anywhere: Home Office delays decision on extradition of Mike Lynch to US September 22, 2021 The Government has delayed its decision on extraditing technology entrepreneur Mike Lynch, who is facing fraud charges in the US., the Home Office confirmed to City A.M. this afternoon. A decision on the billionaire was expected this week but a Home Office spokesperson said it has been granted a seven-day extension. Some back benchers have [...]
