Half of teenage girls would not work for employer with gender pay gap, Indeed reveals November 17, 2021 Almost half of UK teenage girls have stated they would not work for an employer with a gender pay gap. Data from an Indeed research has revealed that 48 per cent of girls aged between 16 and 18 would rule out working for an organisation that has a gender pay gap against women, while only [...]
Reeves says Labour still committed to post-Brexit equivalence for the City November 16, 2021 Labour is still committed to getting a post-Brexit equivalence deal for the UK’s financial services sector if elected, shadow chancellor Rachel Reeves has said. Reeves told TheCityUK’s national conference today that, if elected, Labour will “fix some of the holes in the patchwork Brexit deal with the EU”. The UK’s financial services sector has not [...]
Crossrail to open by June 2022, says TfL boss November 16, 2021 Transport for London’s commissioner Andy Byford has announced the Crossrail will be open to the public by June 2022. Speaking at a Greater London Authority’s (GLA) transport committee meeting, Byford said: “I think we’re in a really good place to get this railway open. “We still maintain that opening window between February and June. It [...]
LV= rejects new Royal London offer and stands by £530m Bain takeover November 16, 2021 Mutual insurer Liverpool Victoria has turned down the latest offer from its competitor Royal London which had proposed dismantling the business, amid increasing criticism over a £530m proposed takeover which would end the firm’s member-owned status. LV= has been pushing its members to vote to allow the controversial takeover deal by US private equity firm [...]
Serco hikes profit forecasts on buoyant Covid-19 support work November 15, 2021 Work to support governments in their response to the Covid-19 crisis prompted outsourcer Serco to hike its profit forecasts. The firm now expects to rake in at least £225m in profits for the year, up from around the £200m set out in its previous guidance. “In the UK and Australia, volumes of work related to [...]
Not going out: sales down 4.5 per cent for pubs, bars and restaurants November 15, 2021 The hospitality sector is struggling to bounce back from Covid-19 as Brits take a cautious attitude to spending post-lockdown. Rolling sales for managed pubs, bars and restaurants are down 4.5 per cent over the past 12 months as the sector continues to be hit hard by supply chain pressures, high energy prices and recruitment issues. [...]
Labour claims Sunak will not have the ‘fiscal headroom’ to cut taxes before next election November 14, 2021 New UK growth forecasts from the Bank of England show that Rishi Sunak will not have the “fiscal headroom” to cut taxes before the next election, according to shadow chancellor Rachel Reeves. The central bank now forecasts the UK economy will grow by 1.5 and 1 per cent in 2023 and 2024 respectively, compared to [...]
Christmas parties get the chop at London firms November 14, 2021 City bosses have cancelled their traditional Christmas parties for a second year running over Covid fears. Blowout Christmas celebrations usually held by London’s accounting, insurance and law firms will be scrapped in favour of smaller dinners and events for individual teams the Telegraph first reported. Despite large gatherings being allowed under current Covid rules, top [...]
Exclusive: More than half of all UK small businesses rely on credit to pay for insurance November 14, 2021 Nearly six in ten small business across the UK rely on credit to pay for their insurance, borrowing on average around £1,832, according to new research that was exclusively shared with City A.M. this weekend. Some 16 per cent of SMEs claim to be using over £3,000 of credit a year to buy their cover, [...]
Britain’s social insurance is built on harmonious state, private and charity ties November 12, 2021 Every year, when the clock strikes 11 o’clock on November 11, we come together to remember. It is a reminder of friends and times past. But it is also a reminder that communities standing together can make a difference to the lives of many. The Royal British Legion was set up in the aftermath of [...]