Treasury presses ahead with online sales tax October 18, 2021 The Chancellor is reportedly amping up plans for an ‘Amazon tax’ that would help bricks-and-mortar high street stores. It comes after businesses were left bitterly disappointed by reports that Rishi Sunak has delayed a radical overhaul of the business rates system. Treasury officials have sped up work on a new online sales tax in the [...]
Energy crunch chokes China economy October 18, 2021 China’s energy crunch choked economic growth as factories switch off production amid shortages and soaring energy costs. The world’s second largest economy grew 4.9 per cent in the last quarter compared to the same period last year, the slowest rate of expansion since the third quarter of last year. Third quarter growth came in below [...]
A leap of faith into the ethics of a DeFi world October 18, 2021 Khalid Howladar is the Chairman of MRHB DeFi, the world’s first ethical and faith-based decentralised finance platform.
Move on from Brexit and stop seeing business as ‘enemy within’, govt is told October 18, 2021 The Government should move on from Brexit, and end the “blame game” with business over the current challenges facing the country, a leading industry group has said. Manufacturing organisation Make UK said ministers should step up working in partnership with business to address the many issues facing industry. The group said there was a feeling [...]
CFOs do not expect ‘double whammy’ of labour shortages and supply disruptions to ease before 2023 October 18, 2021 Finance leaders believe that the labour shortages and supply disruptions British businesses are experiencing now are likely to persist for a year, with no meaningful easing until late 2022 or more likely early 2023. The majority of CFOs experienced labour shortages over the past three months with three-quarters reporting some, severe or significant recruitment difficulties. [...]
Long read: Tech firm with big ideas looks set for Shift into higher gear October 18, 2021 PICTURE the scene: a living room full of boxes, two flights of stairs and a hired van parked two streets away. After multiple trips – in both senses of the word – one is inclined to be a bit fed up. It’s the sort of moment that makes you wish somebody invented an easier way [...]
Top finance brass bet on Bank of England rate hike October 18, 2021 The UK’s top finance brass are becoming increasingly confident the Bank of England will hike interest rates. Over half of chief financial officers (CFO) think rates will rise to at least 0.5 per cent by this time next year, research by Deloitte has found. Soaring inflation, driven by supply chains buckling under the weight of [...]
Top finance brass bet on Bank of England rate hike October 18, 2021 The UK’s top finance brass are becoming increasingly confident the Bank of England will hike interest rates. Over half of chief financial officers (CFO) think rates will rise to at least 0.5 per cent by this time next year, research by Deloitte has found. Higher interest rate expectations have strengthened over the last three months, [...]
How challenger banks are revolutionising the sector October 15, 2021 This article first appeared in ICAS’ CA magazine. Three expert CAs tell Karam Filfilan how a new wave of challenger banks are helping to revolutionise the sector, both for consumers and businesses. Read October’s CA magazine now Digital transformation has revolutionised the banking sector over the past decade. Gone are the days of neighbourhood bank branches [...]
West End bemoans business rates delays as reform heads for the long grass October 15, 2021 Central London bosses last night said another delay to business rates reform would be a “further blow” for beleaguered bars and restaurants. Chancellor Rishi Sunak has reportedly delayed a fundamental review of the levy, further rubbing salt in the wounds of West End businesses teetering on the brink after several lockdowns and fledgling return of [...]