I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
As we look back on 2020, what can we learn from this unprecedented year? December 18, 2020 The end of any year is traditionally a time of reflection. It’s a chance to take stock and look back on the past 12 months: the successes, the lessons, and the opportunities for improvement. And while other traditions like the office Christmas party have been replaced by virtual events, taking time to step back and [...]
PwC partners take 10 per cent cut as profits suffer December 17, 2020 Partners at PwC have suffered a 10 per cent cut to their earnings as the impact of the coronavirus hit the Big Four firm’s profits. Profits at the audit giant fell by 8 per cent to £938m in the firm’s latest financial year, as Covid-19 impacted on the business from March, with distributable profit per [...]
Fed ups 2021 growth forecast but warns of a tough winter December 17, 2020 Federal Reserve chief Jerome Powell said late on Wednesday evening that there were reasons for optimism in 2021 but the coming months would be “particularly challenging.” In a statement issued by the Fed’s Open Market Committee, the body also indicated that debt buying would continue until “substantial further progress” is seen on both employment and [...]
EY chair: ‘Nobody wants to go back to full time in the office’ December 17, 2020 Almost nobody will want to go back to working five days a week in the office post-pandemic, according to EY UK chair Hywel Ball, after employees have enjoyed the convenience of home working for most of 2020. Speaking to City A.M. Ball said offices were likely to look very different post-pandemic, and that staff would [...]
RSM pays back £4.4m furlough cash December 16, 2020 Audit challenger firm RSM has repaid £4.4m to the government, having decided to do so in a board meeting earlier this month, City A.M can reveal. RSM’s board made the decision to repay the the money in full on 8 December. CEO Rob Donaldson said the firm did not see the decision as an opportunity [...]
Bank of England set to hold policy amid Brexit and lockdown uncertainty December 16, 2020 The Bank of England is set to leave interest rates on hold when it announces monetary policy tomorrow, according to analysts, after expanding its bond-buying programme sharply last month. Economists said there was little reason for the Bank to act. The latest lockdown measures have not been as damaging as feared, while the BoE asset-purchase [...]
Parlez-vous Français? Paris’ finance sector gets ready to seize post-Brexit opportunities December 15, 2020 Paris’ claims to be Europe’s culture and culinary capital are well known, however its finance credentials are somewhat less established. The City of Light ranked behind London, Zurich, Luxembourg, Geneva, Frankfurt and even Edinburgh in the World Bank’s Global Financial Centres Index for 2020. However, with Brexit around the corner, and no full EU equivalence [...]
Unemployment rate rises less than expected but redundancies hit record high December 15, 2020 The UK’s unemployment rate rose to 4.9 per cent in the three months to October, a lower increase than had been expected. The rate was up 0.1 per cent from the three months to September, when it stood at 4.8 per cent, new ONS figures showed. Economists polled by Reuters had expected the jobless rate [...]
German audit watchdog head faces investigation over Wirecard share trading December 11, 2020 Head of German audit watchdog Apas Ralf Bose is facing an investigation after admitting buying and selling shares in Wirecard while the regulator was investigating the troubled payments firm. Bose, who has headed up German audit watchdog Apas since 2016 and is a former senior partner at KPMG, told a German parliamentary inquiry into [...]
Join EY in celebrating UK entrepreneurship December 9, 2020 Tune in on Thursday 10 December to celebrate the UK’s entrepreneurial community. EY Entrepreneur Of The Year™ UK has been celebrating, supporting and connecting entrepreneurs since it first launched in the UK over 20 years ago. Entrepreneurs are a crucial part of the UK economy, and will be key to our economic recovery as we [...]