Exclusive: Brexit financial services regulation bonfire set to be in next Queen’s Speech January 28, 2022 An overhaul of the UK’s financial services regulation is set to be included in the next Queen’s Speech as the government speeds up its push to make the City more competitive post-Brexit. Chancellor Rishi Sunak gave an update to the cabinet on Tuesday about the UK’s plans to shed EU rules for financial services, with [...]
Bain, McKinsey and BCG outgun Big Four with huge salaries and big bonuses January 28, 2022 The Big Three consulting firms – Bain, McKinsey, and Boston Consulting Group (BCG) – are now offering considerably higher salaries than the Big Four accounting firms – EY, PwC, KPMG, and Deloitte – new figures from Management Consulted show. A tight global labour market in 2021 and stiff competition among white collar firms has caused [...]
Bridgepoint sells off Element Materials to Singaporean Temasek for $7bn January 25, 2022 Element Materials Technology has been snapped up by Singapore-based Temasek from British investment giant Bridgepoint today. A deal has been on the horizon for some time, with Element rumoured to be in the sights of investment duo Cinven and Canada Pension Plan Investment Board in November. London-based Element, which offers testing services for materials used [...]
Exclusive: UK financial services M&A hits five year high but deal value slumps January 25, 2022 Mergers and acquisitions (M&A) in the UK’s financial services sector rebounded to hit a five year high last year but overall deal value slumped on 2020 levels.
EY to open office for “neuro-diverse” tech workers in Manchester January 24, 2022 Accountancy firm EY is set to open an office for “neuro-diverse” tech workers in Manchester. EY said it will hire 100 people with “cognitive differences” such as ADHD, dyslexia, and autism, to work on projects involving emerging technologies such as artificial intelligence, automation, and the blockchain. The Manchester Neuro-Diverse Centre of Excellence (NDCoE) is set [...]
Supply chain crisis threatens to plunge record number of firms into the red January 24, 2022 The global supply chain crisis is threatening to plunge a record number of companies into the red, reveals a closely watched study released today. Nearly half of the 70 listed companies that issued profit warnings in the final three months of last year blamed their poor performance on the supply chain crisis, according to research [...]
Goldman, Citi, KPMG and PwC lead office return as workers flock back into the City January 21, 2022 The City of London’s major banks, accountants, law firms, and insurers have called on staff to return offices, after the government scrapped its work-from-home guidance. Major players including PwC, KPMG, Slaughter and May, and Aviva, told City A.M that they have called on staff to come back in. Major banks and financiers including Goldman, Citi, [...]
Brits’ living standards eroded by inflation spike casting doubt over economic recovery’s strength January 18, 2022 An inflation squeeze that is choking Brits’ pay packets is threatening to throttle the consumer led recovery. Brits’ take home pay is being corroded by the cost of living spiralling to the highest rate in recent history, revealed figures published yesterday by the Office for National Statistics. The damning data comes as the City braces [...]
The future of tax in the UK, an expert view January 18, 2022 This article first appeared in ICAS’ CA magazine. Young businesses have the potential to drive post-pandemic recovery – but is the UK’s ageing tax system a help or a hindrance to entrepreneurs? Fraser Allen asks four experts to share their thoughts Earlier this year, the Institute for Fiscal Studies published a blunt assessment of the way [...]
On The Apprentice: the UK must stop treating its entrepreneurs like clowns January 17, 2022 It’s sometimes a shock to recall that The Apprentice has been on our screens for more than 15 years. For a decade and a half, Lord Sugar – originally plain old “Suralan”- has been summoning shiny-suited hopefuls to his wobbly prefab boardroom, pointing at them and making leaden witticisms. The show has been a ratings [...]