Fraud convictions on the up as post-Covid-19 crackdown begins November 1, 2021 An increase in post-Covid-19 fraud checks by the Insolvency Service has seen the number of company directors convicted of fraud spike, according to new research. The number of directors convicted of criminal activity has increased to 122 in the year to the end of September, a 205 per cent hike on 2020 levels. Mazars, the [...]
More shame than a name: Will the real Mark Zuckerberg please stand up? October 29, 2021 What’s in a name? asks a star-crossed lover. The answer, she discovers, is everything. The tragedy of Romeo and Juliet is the realisation that neither can escape the fate dictated by their two names: Montague and Capulet. In Silicon Valley, one firm has alighted on a similar problem. Facebook’s leadership has realised, at last, that [...]
WPP’s revenue boom as they reshape their offer October 28, 2021 WPP, the communications and advertising holding company, reports a strong third quarter.
The Budget: Sunak returns pupil funding to “2010 levels” October 27, 2021 Chancellor Rishi Sunak announced that per pupil funding would return to “2010 levels” in real terms by 2024-25, making an extra £4.7bn available. Sunak makes £2.6bn available for new school places for children with special educational needs and disabilities in England, more than tripling current capital funding levels to over £900m by 2024-25. On the pandemic, Mr [...]
This week’s Budget: An overview of the £30bn of investments announced so far October 25, 2021 More than £30bn of investment has already been revealed by the Treasury ahead of Wednesday’s Budget. Chancellor Rishi Sunak said on Sunday that “(over) the last year, I’ve been focused on delivering our plan for jobs, protecting people’s livelihoods, their incomes, their jobs”. But he said he would now be “looking to the future and [...]
Britain must avoid becoming strategically dependent on China, Liz Truss warns October 23, 2021 Foreign Secretary Liz Truss said the UK should not become “strategically dependent” on China, as she wants to build “a network of liberty around the world with like-minded partners.” Truss, who was promoted in the reshuffle last month and has been on a trip to India in recent days, was asked about the involvement of [...]
Green light for lateral flow test that sends users Covid certificate in minutes October 22, 2021 A rapid Covid test that sends a digital result to health authorities is the first to be given the green light. Excalibur Healthcare Services and Sensyne Health’s test has received certification, according to The Telegraph. The test sends results via a smartphone app after it reads the result with artificial intelligence. The test-taker is then emailed [...]
Not just NatWest: Compliance guru on why money laundering is rampant in the City October 21, 2021 Over the past few decades, money laundering has become an increasingly prevalent issue. Financial institutions are constantly looking for new ways to fight money launderers, and several anti-money laundering policies have been put in place to help this effort. However, the recent case against NatWest sent shockwaves through the City, with many financial institutions realising that the financial watchdog, [...]
Venture capital firms circle London tech scale-ups as financial injections hit record £20bn October 21, 2021 A record high of over £6.5bn was invested by venture capital firms in UK scaleups over the summer, taking the total amount to £20bn so far this year, according to new research shared with City A.M. this morning. After two extraordinarily high quarters in 2021, UK scaleups continued to attract funding from across the globe [...]
Venture capital firms circle London tech scale-ups as financial injections hit record £20bn – CityAM : CityAM October 21, 2021 A record high of over £6.5bn was invested by venture capital firms in UK scaleups over the summer, taking the total amount to £20bn so far this year, according to new research shared with City A.M. this morning. After two extraordinarily high quarters in 2021, UK scaleups continued to attract funding from across the globe [...]