Four Silicon Valley CAs on why its status as the world’s tech capital will remain unchallenged November 16, 2021 The pandemic saw many tech companies thrive as the world went more virtual. Despite talk of a drift away from Silicon Valley, local CAs tell Ryan Herman why its status as the world’s tech capital will remain unchallenged. This article first appeared in ICAS’s CA magazine. For Ninos Sarkis CA, there was only one place [...]
Half of UK businesses have decreased or stopped trade with EU post-Brexit November 15, 2021 Almost half of British businesses that traded with the EU pre-Brexit are doing less trade with the bloc, or have stopped entirely, since the UK left the single market and customs union in January, according to a new survey. An Institute of Directors survey, commissioned by Channel 4, out today also showed 16 per cent of [...]
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 [...]
Defence Secretary Ben Wallace denies murder of Kenyan woman by British soldier was covered up November 14, 2021 Defence Secretary Ben Wallce has insisted that there is “no cover up” as Kenyan police look to reopen a probe into what happened to a woman whose body was found in a septic tank close to a British army base. Wallace said the Ministry of Defence (MoD) had aided the investigation into Agnes Wanjiru’s alleged [...]
IFS: Brits unlikely to spend pandemic savings anytime soon November 12, 2021 Brits are unlikely to dip into their pandemic-induced savings and splash the cash any time soon. A greater propensity to save, especially among richer households, and maintaining savings habits adopted during the Covid-19 crisis will deter Brits from spending, according to the economic think tank the Institute for Fiscal Studies (IFS). Normal spending patterns were [...]
From drivers to prison officers: Rapid jump in job adverts as vacancies climb to 2.7m November 12, 2021 Rising demand for driving instructors, prison officers and forklift truck drivers is helping to fuel an increase in job adverts, new research suggests. Around 221,000 new job adverts were posted in the first week of November, the fourth highest weekly figure since the start of 2020, taking the total to nearly 2.7m, according to the [...]
City Moves: Who’s switching jobs in the Square Mile today? November 12, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. BGF Business Growth Fund (BGF) has appointed a new head of ESG and sustainability, who will be tasked with embedding the new investor focus into the fund’s new and existing portfolio companies. Roshni Bandesha has spent the [...]
Labour squeeze shows no signs of loosening before Christmas November 12, 2021 The ongoing labour squeeze shows no signs of loosening in the run up to Christmas, raising fresh concerns that usual festive activities could be scuppered. In the first week of this month alone, over 220,000 new job ads were posted in the UK, a historically high print since records began, according to the Recruitment and [...]
Business cannot afford to ignore disabled people November 11, 2021 DiverCity® Podcast · SPECIAL EPISODE – Disability: Champions, Challenges, and Change In discussions around diversity and inclusion, disability is too often the forgotten dimension. But post-Covid, with debate evolving about organisational structures and working models, it is time for businesses to make themselves truly accessible to disabled people. Sophie Christiansen and Christiane Link joined the [...]