HMRC sues EY following dispute over property tycoon’s tax affairs November 15, 2022 HMRC has filed a High Court lawsuit against EY over alleged misrepresentations to the UK tax authority in relation to British property investor Jamie Ritblat’s tax affairs. The case relates to a broader dispute between HMRC and the Tory donor over taxes on £141m in profits from Ritblat’s Delancey property investment firm, the Financial Times [...]
Workers’ real pay erodes at historic pace despite huge wage rises November 15, 2022 Workers’ pay is still being eroded at a historic pace by rampant inflation despite employers hiking wages by one of the greatest amounts since records began, official figures revealed today. When taking off the Office for National Statistics’ (ONS) preferred measure of inflation, pay excluding bonuses dropped 2.7 per cent over the last three months, [...]
EY to delay partner votes due to complex legal wrangling November 14, 2022 Votes on plans to split EY in two are not set to begin until the start of next year, after being delayed by legal wrangling. The ballots, which were set to start this month, will not take place until early 2023, due to the complexities the firm has faced in finalizing the legal framework through [...]
City Moves: Who’s switching jobs in the Square Mile? November 8, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. The Bank of London The Bank of London has bolstered its board with a fresh non-executive director and chair of the United Kingdom (UK) Bank Board Audit Committee. Mark Carawan, who will step into both roles following [...]
It’s time your employer started taking mental health seriously November 7, 2022 It’s been a hard few years: a global health crisis, war, and now the shock of rising inflation, price hikes and a looming recession. It is hardly any surprise that according to mental health charity Mind, one in four of us will experience a mental-health problem this year, and one in six report experiencing a [...]
Weird – The Al Yankovic Story sees Daniel Radcliffe on comic form November 4, 2022 The spoof genre has been absent from Hollywood for a while. A mainstay on the big screen from the 70s to the 2000s, Nowadays Youtube and social media are a more fertile ground for cinema parody. However, one content creator has teamed up with a music legend to offer a feature length send-up of the [...]
Bank of England delivers largest rate hike since 1989 and signals more to come November 3, 2022 The Bank of England today hiked interest rates by the largest amount since 1989 and signalled more rises are coming. The Bank’s rate setting committee voted unanimously to lift borrowing costs 75 basis points to three per cent, the highest level since 2008 and the eighth rise in a row. The pound shed more than [...]
EY revenues hit record highs as partners prepare to vote on global split November 1, 2022 EY’s UK business today posted record revenues of more than £3.2bn as partners at the Big Four firm prepare to vote on plans for a global split. The UK business’ revenues increased 17.2 per cent as the accountancy firm’s fee incomes were bolstered by a 33 per cent uptick in consulting revenues. A 15 per [...]
Planet Crypto: Nah then! Damien Hirst gets t’matches out on his non-fungibles October 25, 2022 Planet Crypto's mischievous bunch focus their satirical crosshairs on Yorkshire artist Damien Hirst and his NFT art burning.
EY’s Israeli business opts-out of global split October 25, 2022 EY’s Israeli business will not participate in the accounting firm’s global split, but will instead retain its current structure under which auditors and consultants work together under a single umbrella. The Israeli firm’s managing partner Doron Sharabany told the Financial Times the firm does not see the benefits of EY’s separation plans. “From our point [...]