HMRC releases excuses for not paying minimum wage: ‘I only pay them when they are actually serving someone’ August 17, 2021 The taxman has revealed the most absurd excuses it has received from businesses explaining why they are not paying staff the national minimum wage. Some of the excuses included one business owner justifying not paying their staff the national minimum wage due to their workers often being “on standby when there are no customers in [...]
Boxpark CEO: ‘once in a lifetime’ opportunity for expansion August 17, 2021 Boxpark CEO Roger Wade has said the post-lockdown property market offers a “once in a lifetime” opportunity to expand. The founder of the food and leisure park concept told CityA.M. it was the “best time to expand” in London as there had been a “major clear out” of hospitality businesses and many empty spaces available. [...]
UK unemployment rate shrinks faster than expected to 4.7 per cent August 17, 2021 The UK jobless rate shrank faster than expected over the last quarter as employers hired workers rapidly to cope with soaring demand triggered by the lifting of Covid restrictions, according to official figures published today. Latest data from the Office for National Statistics shows the unemployment rate dipped 0.2 per cent over the last quarter [...]
Two thirds of employers considering pay cuts for remote workers August 16, 2021 As many as two thirds of companies are considering slashing the pay of staff who are hesitant to return to the office. Up to 68 per cent of businesses are debating whether or not to introduce pay cuts for staff who choose to work from home, according to a survey by HR software provider CIPHR. [...]
Football clubs, players and agents increasingly on HMRC’s radar August 16, 2021 HMRC tax investigators are targeting football clubs for £45m in tax they have underpaid, City A.M. can reveal today. According to data provided by HMRC to accountancy firm UHY Hacker Young and shared with this newspaper today, HMRC has uncovered £5.8m in tax owed by players and £4.8m owed by agents in the last year. [...]
60 seconds with… Marquee TV founder Simon Walker August 16, 2021 Marquee TV has been streaming live art and culture for 3 years. We had a chat with founder Simon Walker about the business of streaming the arts and partnering with arts organisations to bring a global audience to their performances. You describe yourself as the ‘business guy’ in the team, developing the business model. Has [...]
Two thirds of employers considering pay cuts for remote workers – CityAM : CityAM August 16, 2021 As many as two thirds of companies are considering slashing the pay of staff who are hesitant to return to the office. Up to 68 per cent of businesses are debating whether or not to introduce pay cuts for staff who choose to work from home, according to a survey by HR software provider CIPHR. [...]
Dominic Raab: Speed of Taliban takeover of Afghanistan took UK by surprise August 16, 2021 Dominic Raab has said the Taliban’s lightning quick takeover of Afghanistan took the UK by surprise as 150 UK nationals are set to arrive home early tomorrow morning. Raab, speaking after a Cobra meeting chaired by Boris Johnson, said a further 350 British nationals and Afghani visa holders would be evacuated to the UK in [...]
Boris Johnson to chair Cobra meeting today as UK tries to get nationals out of Afghanistan August 16, 2021 Boris Johnson will hold a Cobra meeting at 12.30pm today as the government tries to get thousands of UK nationals and foreign visa holders out of Afghanistan. Number 10 said the current focus was on getting hundreds of people out of Kabul each day as the security situation becomes more dangerous in the Afghani capital. [...]
Businesses without diversity are plagued by groupthink August 16, 2021 Cast your minds back to your school days and in particular, the days when you received your final exam results. As you opened your results envelope, did you do that excitedly, with a flourish, or did you shield it from your friends, worried that you might not get what you expected? Last week, students across [...]