Law firms brace as chancellor mulls over new tax on legal sector August 5, 2021 Rishi Sunak may be considering imposing a tax levy on the revenues of large commercial law firms, to help to prop up the ailing legal aid system, according to reports. The chancellor may be contemplating reviving the idea of a bespoke levy on commercial legal practices, an idea first suggested five years ago by then [...]
Johnson and Sunak call for investment ‘big bang’ in UK to aid recovery August 5, 2021 The prime minister and the chancellor have called on the UK’s institutional investors to plough more capital into UK assets to ignite an “investment big bang” that drives an economic recovery from the pandemic. In a joint letter with Rishi Sunak, Johnson said the UK’s institutional investors should “seize the moment” and use their “hundreds [...]
CBI chief Lord Bilimoria: Workers must return to office ‘as soon as possible’ August 4, 2021 The president of the CBI has called on workers to return to the office “as soon as possible” today. Speaking to TalkRadio, Lord Karan Bilimoria said: “We should be getting back to work wherever possible, as soon as possible, as safely as possible.” Read more: Rishi Sunak: For young people, working from home is no [...]
The Office: Time for Government to offer certainty and direction August 4, 2021 Life has changed immeasurably over the past eighteen months, and the world of work is no different. Many office workers have now been working from home for over a year and habits have changed. Is hybrid working the future? There are certainly plenty of advocates suggesting that sofas, laptops and 8:59 alarm clocks are the [...]
Back to the office: Business groups echo Sunak’s concerns about young workers August 3, 2021 Business groups have echoed Rishi Sunak’s warning that “young people in particular” are missing out on “valuable” experience through remote working. In an interview with LinkedIn the Chancellor cautioned that remote working can be a poor substitute for in-person workplaces. His comments follow the decision to lift guidance to “work from home where possible” on [...]
Rishi Sunak: For young people, working from home is no substitute for office August 3, 2021 Rishi Sunak has said that working from home is not nearly as “valuable” for young people’s career progression as going into the office, after the government changed its guidance. “The mentors I found when I first started my job I still talk to and they have been helpful to me even after we have gone [...]
Rishi Sunak renews call for City workers to get back to the office August 2, 2021 Rishi Sunak has renewed calls for young City workers to get back to the office now the government’s work from home order has been dropped. The chancellor recalled how his career as a young investment banker was helped by making relationships in the office with older colleagues. Speaking about a recent visit to Scotland where [...]
Treasury appoints Unilever veteran to chair UK Government Investments August 2, 2021 The Treasury has appointed a Unilever veteran as its new chair of UK Government Investments, who will join the board in September. Vindi Banga is set to join UK Government Investments (UKGI), an arm of the Treasury, alongside his current role of chair at charity Marie Curie. The incoming chair is also a senior non-executive [...]
Tory row erupts over government plans to start amber watchlist for travel August 2, 2021 A government plan to bring in a watchlist for countries at threat of being put on the red travel list has been heavily criticised a growing group of Tory MPs. The government is expected to make the announcement later this week in a move that some say will cripple the aviation and travel industry. The [...]
Tory donors warn Boris Johnson that tax rises will kill off economic recovery August 1, 2021 Prominent Tory donors have urged Boris Johnson not to implement tax rises this autumn as they fear it could hamper the post-Covid economic recovery. Johnson and Rishi Sunak are expected to soon announce a 1 per cent increase in National Insurance in a bid to fix gaps in the health and social care sectors. Sunak [...]