Customers hesitant to buy bulky furniture amid fuel worries October 12, 2021 Brits were hesitant to purchase larger goods like furniture last month amid damp weather and fuel shortage concerns. September marked the slowest retail sales growth since January, when the UK was subject to lockdown measures. UK retail sales decreased 0.6 per cent on a like-for-like basis from September 2020, when they had increased 6.1 per [...]
Starting salaries see biggest jump on record amid staff shortages October 8, 2021 UK employers are being hit hard by labour shortages giving new starters the upper hand when it comes to negotiating pay. A September survey by the Recruitment and Employment Commission (REC) found that nine in ten employers, some 88 per cent, said their biggest concern for the rest of the year was labour shortages. Amid [...]
Worker shortages threaten to derail London recovery October 8, 2021 LONDON is among the worst areas in the country being plagued by worker shortages. The volume of part-time workers available for work across the capital plunged at its quickest pace since records began, according to research by the Recruitment and Employment Confederation and KPMG. A paucity of overseas talent and workers who were previously in [...]
CA Summit 2021: Speakers announced October 4, 2021 Join free · Online · 5 – 7 October If you’re working in or around the field of finance or accountancy, this is an event you won’t want to miss. Split into three chapters – Learn, Grow and Inspire – with a day devoted to each, the CA Summit 2021 is packed with talks, presentations and interviews. [...]
Shortages are a devilish dance with Covid and Brexit September 28, 2021 There’s an old cartoon that has Satan outside a church, crying. A passer-by asks him what’s wrong and he responds “They blame me for everything in there!”. For the past 18 months, Covid has been the folk devil of almost every business issue. Look at what’s happening now, with fears of a further “winter of [...]
PwC shaped DWS sustainability credentials while probing greenwashing claims September 26, 2021 PwC was providing guidance to DWS on its sustainability credentials while investigating greenwashing at the German asset manager. DWS’s former head of sustainability, Desiree Fixler, accused her former employers of using botched environmental, social and governance (ESG) metrics, according to the Financial Times. The concerns were raised in March to chairman of DWS Karl von [...]
City Moves: Who’s switching jobs in the Square Mile today? September 22, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. LEXI Finance appoints former CBRE director Real estate capital advisory LEXI Finance has poached a debt advisory lead and former associate director from commercial real estate and investment firm CBRE. Joining LEXI’s Mayfair office as a [...]
Inflation will keep breaching BoE target over next half decade September 17, 2021 Inflation will routinely breach the Bank of England’s target over the next half a decade, according to fresh data released today. The Bank’s latest survey on inflation expectations shows Brits think the rate of price rises will hit three per cent in five years’ time, one percentage point above the Old Lady’s target. Over the [...]
KPMG: Britain’s tax system is having an identity crisis September 17, 2021 Every so often a debate about UK tax policy cuts through into the media and public imagination, as we’ve seen in this last couple of weeks. The Health and Social Care levy has thrown a light on some big questions about how, and from whom, we raise money to fund the country’s public spending needs. [...]
PwC: 80 per cent of Big Four’s staff hail from higher socio-economic class September 15, 2021 Less than 15 per cent of the Big Four’s workforce come from a lower socio-economic background, according to data published by the accountant for the first time today. Staff from a higher socio-economic background, on the other hand, make up over four-fifths of the workforce at PwC UK, which was named the top employer for [...]