Bitcoin edges closer to $50k as Ethereum’s Vitalik Buterin makes Time September 16, 2021 Bitcoin is back above $48k again this morning, as bulls eye another chance to creep over the psychologically-important $50k mark.
Can tax be simplified? September 16, 2021 ICAS supports tax simplification as a vital part of building an effective and trusted tax administration system but making simplification happen isn’t simple. Why simplify tax? The complexity of UK tax legislation is reflected in complex tax administration systems which are difficult to use and do not facilitate compliance. Compliance is also undermined because many [...]
Reshuffle: Boris Johnson keeps one-time saboteur Michael Gove close September 15, 2021 Seeing Michael Gove as a man who can get a tough job done, the Prime Minister has tasked his one-time saboteur with taking on responsibility for his flagship “levelling up” agenda. Bascially, Boris Johnson wants to keep his allies close and Michael Gove even closer. All that while tackling the housing crisis and pushing through [...]
Reshuffle: Grading fiasco brought down gaffe-prone ‘Private Pike’ Gavin Williamson September 15, 2021 Gavin Williamson came under repeated pressure to resign over his handling of disruption to schools during the pandemic and the fiasco around grading of GCSE and A-level students amid cancelled exams. After more than two years in the job, his time as Education Secretary has finally come to an end as he declared he was [...]
Dowden defends Channel 4 privatisation push as ‘needed’ to fend off streaming giants September 15, 2021 UK culture secretary Oliver Dowden has restated his view that changing Channel 4’s ownership is the best path for the channel, in the latest sign that the government intends to push forward with plans to privatise the state-owned broadcaster. Speaking publicly for the first time since the government launched a consultation on the future of [...]
UK manufacturers’ costs rise at fastest pace in a decade September 15, 2021 UK manufacturers’ costs rose at their fastest pace in a decade last month, adding to concerns price rises in the British economy may be much stickier than expected after separate data published today shows consumer price inflation jumped at its fastest rate on record. Input prices – typically materials used in the day-to-day running of [...]
PwC: 80 per cent of Big Four’s staff hail from higher socio-economic class – CityAM : CityAM September 15, 2021 Less than 15 per cent of the Big Four’s workforce come from a lower socio-economic background, according to data published by the accountant for the first time today. Staff from a higher socio-economic background, on the other hand, make up over four-fifths of the workforce at PwC UK, which was named the top employer for [...]
City Moves: Who’s switching jobs in the Square Mile this week? September 15, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Falcon posts City veteran Joe Nally to board Falcon Oil & Gas has posted Cenkos co-founder Joe Nally as a new non-executive chairman to the board of the company with immediate effect. Nally, a City veteran, [...]
Exclusive: UK fraud is big business at £52bn each year, says financial crime guru September 15, 2021 Financial crime, fraud and hacking soared during the pandemic as criminals took advantage of behavioural changes during three strict lockdowns. In fact, fraud and cybercrime jumped by nearly a third in the last twelve months. Time for City A.M. to catch up with financial crime guru Richard Wood, a former Morgan Stanley fraud manager who [...]
Solana outage fixed as wider cryptocurrency market recovers September 15, 2021 Bitcoin continues its recovery after last week’s crash, currently sitting at more than $47,000 for the first time in five days.