Britain is plagued by uncompetitive markets and a regulatory system encouraging market concentration June 14, 2021 The backslapping over the G7’s efforts to institute a new minimum global corporation tax rate last week was almost audible. The deal is a critical juncture – a signal that established economies are no longer racing to the bottom on business tax. But the palpable excitement should be cautioned: it takes far more to create [...]
El Salvador move underpins a solid cryptocurrency recovery June 14, 2021 CryptoCompare data shows the price of Bitcoin (BTC) started the week dropping from around $36,000 to a low under $32,000 before recovering.
Accountancy firm Azets to create 650 new UK jobs over the next year June 14, 2021 Accountancy company Azets has today announced a national recruitment drive which will see 650 new jobs being created in the UK over the next year. The roles will cover all levels from assistant right through to partner across a range of service lines including audit and assurance, corporate finance, and tax. “We have just recruited [...]
High demand, low supply: The semiconductor players that dominate the hyperactive microchip space June 14, 2021 Semiconductors power much of the world’s technology, making it possible for families and friends to talk face-to-face from across the ocean or for Wall Street to move billions of pounds in the blink of an eye. And with more applications being produced worldwide, demand for semiconductor devices only continues to grow. The popularity of such [...]
CBI boss warns world’s path is ‘way off track’ in tackling climate change June 14, 2021 The boss of the UK’s biggest business lobby group has urged today that the world is “way off track” in tackling climate change. With “no room for failure”, the Confederation of British Industry (CBI) director-general Tony Danker has outlined key corporate areas for change. Danker, who called for the government to strengthen its 10-point plan, [...]
Big Four lobbying may dilute Government’s audit reform, says ex-accounting watchdog June 14, 2021 Big Four lobbying will dilute Government's audit reform, says ex-accounting watchdog
Transport for London is ready to herald the return to work June 14, 2021 When the nation entered the first lockdown in March last year, many Londoners put away their Oyster or travel card oblivious to just how long it would be before it would be used next. At the time, Government guidance was – and continues to be – to “work from home where possible”. Buses, trains and [...]
IMF boss indicates opposition to Sunak’s call for City of London exemption to G7 tax deal June 13, 2021 The head of the International Monetary Fund has strongly indicated City of London firms should not be exempt from the global tax plan agreed at the G7, after Rishi Sunak called for a special carve-out for the UK’s financial services industry. When asked by City A.M. if she supported Sunak’s push, IMF managing director Kristalina [...]
Queen’s Birthday Honours: the full 2021 list June 12, 2021 Below the full list of names for this year ORDER OF THE BRITISH EMPIRE Knights Grand Cross of the Order of the British Empire (GBE) The Rt. Hon. Frederick Richard Penn Curzon, The Earl Howe. For political and parliamentary service. (Amersham, Buckinghamshire) ORDER OF THE BATH Knights Commander of the Order of the Bath (KCB) [...]
Credit Suisse ‘wooed’ Sanjeev Gupta before Greensill collapse June 11, 2021 Credit Suisse has been embroiled in further controversy over its links to Sanjeev Gupta after details emerged about the Swiss lender’s direct relationship with the tycoon. Former executives at the bank told the Financial Times that leadership wooed Gupta, offering him a string of services as his private wealth manager, as well as VIP treatment. [...]