Low tax regimes only matter as much as their longevity September 28, 2022 Ireland, of course, is an oft-cited pin up for low corporation tax. But it is an aggressive policy several decades in the making. They have been rewarded, with tech giants setting up shop there.
Bank of England chief economist warns of ‘significant’ response to market turmoil September 27, 2022 The Bank of England’s chief economist today rushed to calm the City by promising a “significant” response to the UK market turmoil. Huw Pill said it is hard “not to conclude” the Bank must hike interest rates steeply at its next meeting on 3 November after markets were rocked by chancellor Kwasi Kwarteng’s tax cuts and [...]
Unlock pension cash or start-ups will continue to flee, says Phoenix chief September 27, 2022 Pension cash must be freed up to flow into high-growth British firms or more homegrown startups will be driven overseas, the chair of pensions giant Phoenix warned today.
Serica’s profits surge 8,840 per cent amid soaring oil and gas prices September 27, 2022 Soaring oil and gas prices and booming production has powered Serica Energy to an 88-fold surge in profits year-on-year.
Thornberry vows to crack down on corporate fraud if Labour wins election September 27, 2022 Labour has vowed to crack down on corporate fraud if it wins the next election by making it easier to prosecute firms for illegal conduct. Shadow attorney general Emily Thornberry said “fraud is now the UK’s most commonly-experienced crime”, calling it “an epidemic that the government has ignored and dismissed”. The proposed policy would see [...]
Former City minister: Scrapping bonus cap could have waited ‘a little longer’ September 27, 2022 John Glen, the former City minister, has said the decision to scrap the bankers’ bonus cap should have waited amid a cost of living crisis. Glen told the Following the Rules podcast that the removal of the cap, announced last week by new Chancellor Kwasi Kwarteng, “was something that I would have deferred for a [...]
Is running the new golf? Why TCS has become title sponsor of the London Marathon September 27, 2022 For four decades the London Marathon has had a consumer-facing brand as its title sponsor, from Gillette and Mars in the 1980s to the more recent Flora and Virgin Money. But that will change on Sunday, the first race of its rebranding as the TCS London Marathon as part of a six-year contract with the [...]
China in grip of debunked coup rumours as Xi Jinping house arrest reports grow with all eyes on General Li Qiaoming September 27, 2022 Social media across China and the rest of Asia continues to be in overdrive today as persistent rumours that president Xi Jinping has been removed in a coup refuse to die down. Local and regional media speculate China’s long-standing leader was removed when he was away in Samarkand while attending the recent SCO summit, on [...]
Liz Truss urged to ‘remain committed’ to audit reform September 26, 2022 One of the UK’s largest audit sector trade bodies has called on the UK’s new government to set out a “clear timetable” for its plans to overhaul the UK’s audit sector in claiming audit reform will play a vital role in securing long-term economic growth. Writing to UK prime minister Liz Truss, business secretary [...]
Web3 and how it will change our working lives September 26, 2022 Zak Manhire of FrOntier discusses the potential Web3 offers for us to work, create and engage in new and transformative ways.