Work from home advice has finally been dropped and we need our staff back in offices for our economy to recover July 19, 2021 Today is truly a significant moment for businesses and households across the nation, as social and economic COVID-19 restrictions in England are finally eased. It’s been a long journey, but for the City, after many months of quiet we can now breathe a collective sigh of relief, as workers and visitors start to return to [...]
Boris Johnson and Rishi Sunak at odds over potential health and social care tax July 18, 2021 Boris Johnson and Rishi Sunak are reportedly at loggerheads over the imposition of a new £10bn-a-year tax to cut NHS waiting lists and fix the country’s social care crisis. Johnson and health secretary Sajid Javid are said to be strongly in favour of the new levy, while the chancellor is opposed. The Prime Minister said [...]
PwC to ramp up partner pay packages to record highs after Covid profit rush July 17, 2021 The UK’s largest accountancy firm has done so well out of the pandemic that average partner pay at the firm has surged to a record £868,000. Demand for PricewaterhouseCoopers’ (PwC) consulting services has weathered Covid extremely well, and the firm is set to publish record-high revenues later in the year, according to reports in Sky [...]
Africa, an overlooked continent for global investment is becoming a burgeoning Fintech leader July 17, 2021 “But do people in Africa actually play video games?” That’s a question I am often asked when talking about my business, by bemused venture capitalists and startup founders alike, anywhere from London to Hong Kong, New York to Silicon Valley. That one question exposes a persistent attitude towards Africa; that the continent is decades behind [...]
Weekend Read: Job market tension threatens to derail Britain’s economic recovery July 17, 2021 The UK labour market is roaring back to life. After months of being shuttered due to Covid, businesses are finally welcoming customers back through their doors – and ramping up hiring to cope with soaring demand. Companies added 356,000 workers to payrolls over the last month. Total weekly hours worked has reached its highest level [...]
US citizen arrest stokes Biden’s fresh Hong Kong business caution July 16, 2021 A US citizen has been arrested in Hong Kong, according to local reports, just hours after the US issued a fresh advisory warning for US businesses in the region. The US citizen, whose identity has not yet been confirmed by Southern China media, has been detained under Beijing’s controversial national security law. The national security [...]
Analysis: New polling on ESG issues will give politicians pause July 16, 2021 New polling suggests the UK public are unconvinced by Government’s work on climate change – and what business can do about it if political heavyweights aren’t leading the charge. Here, Daisy Powell-Chandler – Head of Energy and Environment at pollster and analysis firm Public First – lays out the challenge. Anyone wondering why the Johnson [...]
Ireland holds position against global corporate tax deal July 16, 2021 Ireland said it is pushing to keep its lower tax rates, denying a report that the country would abandon its 12.5 per cent rate for the proposed global rate of 15 per cent. The country’s finance minister, Paschal Donohoe, told RTE yesterday he was “committed” to maintaining his country’s low tax rate as it has [...]
Ripple gains upper hand as judge slaps down SEC’s bid to remove ex director from court case July 16, 2021 The Securities and Exchange Commission has failed to have its former director scratched from proceedings, handing Ripple’s lawyers a distinct advantage as the drawn-out court case drags on.
The outlook for business post-pandemic July 16, 2021 As we work towards exiting the pandemic we’ve spoken to insolvency expert, Blair Nimmo CA, on the outlook for businesses post-pandemic. Blair, the former UK Head of Restructuring and Global Head of Insolvency at KPMG, is Interpath’s Chief Executive Officer. As well as leading the strategic direction of the Interpath business, Blair also takes an [...]