Britain’s plan for economic recovery should shoot for the moon with a radical rethink May 7, 2021 China was ground zero for the pandemic, but the nation also saw a huge profit from the crisis, with an unprecedented eight per cent growth in GDP as other countries’ economies tumbled. While many continue to ring the toll for Britain’s economic growth, there is, contrary to popular belief, the potential to shoot for the [...]
SOX or no SOX? The focus on internal control is here to stay May 7, 2021 The UK Government is considering whether to introduce something along the lines of SOX. Regardless of where we end up following the current consultation process, it will almost certainly not be the end of the debate on internal control. More than twenty years have passed since the corporate collapse of Enron. The response of the [...]
Exclusive: Business group urges government to launch Covid bonds in ‘war-style’ recovery plan May 7, 2021 The government should issue Covid recovery bonds to finance the UK’s “war-style” post-pandemic recovery, according to family business organisation the Independent Business Network. The business group, which represents family owned or run firms across the country, said the government should abandon inflationary Quantitative Easing and introduce the bonds instead. In a letter to the Prime [...]
New City of London Corporation Finance Committee Chairman elected May 6, 2021 Jamie Ingham Clark has today [6 May] been elected as the new Chairman of the City of London Corporation’s Finance Committee. Jamie, who previously served as Deputy Chairman, will lead the Committee responsible for stewardship of the City Corporation’s funds. The Committee aims to ensure the organisation achieves value for money in all its activities and maintains a [...]
UK funds back in favour off the back of successful vaccine rollout May 6, 2021 After a long period of neglect, investors are finally warming to UK funds again off the back of the success of the vaccine rollout. The latest set of Investment Association figures show savers invested £472m into funds in the UK All Companies sector. It comes as the country starts to open up and investors pin [...]
Majority of Rio Tinto investors revolt over former chief’s pay due to Juukan Gorge destruction May 6, 2021 A majority of Rio Tinto investors today revolted over its former chief executive’s lucrative exit pay package at the miner’s AGM. Jean-Sebastien Jacques quit as the FTSE 100 firm’s boss last year after the mining giant destroyed 46,000-year-old rock shelters at Juukan Gorge in Australia a year ago. Despite having his bonus renumeration stripped away, [...]
Global climate change stimulus could fuel a green investment bubble May 6, 2021 Hundreds of years of history shows us that investment bubbles are a regular feature of the financial markets. For as long as humans have been trading investments, there have been periods of time when the prices of assets have become disconnected from their underlying value. Although bubbles typically are identified after they have popped, there [...]
City Corporation releases new CGI images of the future City skyline May 6, 2021 The City of London Corporation has today (6 May) released updated images visualising how the Square Mile’s skyline will look by the mid 2020’s. The new images capture all major developments which have been resolved to approve by the City Corporation’s Planning and Transportation Committee over the past 12 months including 50 Fenchurch Street, 55 Gracechurch [...]
Does an emissions scandal await the real estate sector? May 6, 2021 In September 2015, news broke that Volkswagen (VW) had been selling cars in the US that had a so-called “defeat device” installed in diesel engines. It could detect when they were being tested and change performance to improve results. The German carmaker admitted to cheating emissions tests and it soon became clear that this was [...]
The AnyTask™ Platform, a revolutionary freelance website with a unique ecosystem May 5, 2021 The AnyTask™ Platform was launched late 2019 – with the real purpose of creating a flexible, affordable freelance online digital services marketplace.