Inflation jumps to 9.1 per cent: Worried City insiders respond to consumer prices climbing again June 22, 2022 The rate of inflation rose again in May, remaining at 40-year highs, the Office for National Statistics said this morning. The rate of Consumer Prices Index inflation rose slightly to 9.1 per cent in May from 9 per cent in April, according to the ONS. The increase matches what analysts had expected. “Though still at [...]
Welcome aboard, this is a driverless train: unions begin their own demise June 22, 2022 As the summer sun makes the UK feel like a Mediterranean resort, we are also about to see the perils of the labour problems that Southern Europe was so often bedeviled by. Trains have ground to a halt, the London Underground has stopped, and buses are stuck in their depots. Millions of pounds will be [...]
KPMG strikes deal with Cambridge University to study workplace wellbeing June 21, 2022 KPMG has struck a deal with Cambridge University to let researchers come into the Big Four firm to study the impacts of its mental wellbeing initiatives. The Big Four accountancy firm’s partnership will see Cambridge University researchers allowed into the company to study workplace wellbeing – with a view to developing strategies to boost productivity, [...]
Dorries takes aim at GDPR with fresh data laws June 16, 2022 Nadine Dorries has continued to pave the way for the post-Brexit digital landscape this evening, emphasising the UK’s departure from EU bureaucracy. In its fresh consultation released tonight, the government have set out how the Data Reform Bill announced in this year’s Queen’s Speech will strengthen the UK’s data protection standards while reducing burdens on [...]
KPMG strikes deal with Alteryx to boost data analytics capabilities June 16, 2022 KPMG entered into a “strategic alliance” with California tech firm Alteryx, as part of the accountancy firm’s push to boost its data analytics capabilities. The Big Four firms’ deal with the analytics automation firm will see KPMG push forward with plans to automate its own systems, while also giving it the means to help clients [...]
The Oxbridge obsession ignores the potential for social mobility in businesses June 15, 2022 Where you were born and what your parents do still matters for the opportunities you will have and the progress you will make in the UK. It’s not fair, but it’s true. Achieving social mobility in our society is one of the most important challenges both government and business face today. It’s unsurprising then that [...]
Is the metaverse crashing? How low can crypto markets go? June 14, 2022 Dr Chris Kacher explains why risk-on assets such as the metaverse are highly vulnerable to major market corrections.
Unexpected economic reversal indicates UK is ‘perilously close to a recession’ June 13, 2022 An unexpected reversal in the UK economy indicates the country is “perilously close to a recession,” according to City economists. Gross domestic product (GDP) in the UK fell 0.3 per cent in April, marking the second month in a row the economy has shrunk, according to figures published today by the Office for National Statistics [...]
We won’t be able to create social impact until we learn how to measure its success June 13, 2022 Today, it is more common than before for younger people to think about the ethics of a business before they pull out their contactless cards. So the pressure is on for firms to show their positive impact on society – to attract customers and talent. Morgan Stanley reported recently that millennials are twice as likely [...]
Recruiters warn companies’ growth to be hit by increasing skills shortages June 10, 2022 Employers could be starting to rethink their growth plans because of continued skills shortages, research suggests. A study found a slowdown in recent increases in the number of people placed into jobs by recruitment agencies. The Recruitment and Employment Confederation (REC) and KPMG said a number of recruiters blamed candidate shortages for hampering their ability [...]