The New Reason People Don’t Want To Come Back To The Office April 3, 2023 More than a third of UK workers would quit their current role if their employer demanded they return to the office full time. That’s according to recent data which found that 32% would move to a different industry, 19% would take a pay cut, and 30% would adopt a new career in order to continue [...]
Headspace: At football or the office, how we behave matters April 3, 2023 Each month our mental health columnist Alejandra Sarmiento offers her views on staying sane in a challenging world I was at a football match recently. To my left, there was a man, probably in his early 40s. His son, ten years old at the most, sat on the other side of him. For the first [...]
Rio Tinto faces shareholder revolt over chief exec’s 70 per cent pay hike April 2, 2023 Rio Tinto is reportedly set to face down a shareholder revolt at the mining giant’s annual general meeting this Thursday after the firm raised it’s chief executive’s pay by 70 per cent. Danish chief executive, Jakob Stausholm, took home £4.8 million in 2022, up from £2.8 million in 2021. According to a report in the Mail [...]
With just ONE PER CENT of cases leading to charges, is Britain a ‘haven for fraudsters’? A top Westminster committee thinks so. March 31, 2023 Britain is a “haven” for fraudsters as less than 1 per cent of reported cases result in charges, a damning report into the Government’s handling of the growing problem has said. MPs on the Public Accounts Committee criticised the “slow progress” on tackling the estimated 3.8 million incidents of fraud and attempted frauds. They said [...]
Is the future of banking online only? NatWest and Lloyds to axe 81 branches, taking this year’s total to 213. Here’s a list of closures: March 31, 2023 Two of the UK’s biggest banking groups have announced plans to make big cuts to their branch networks this year, cutting more than 80 sites from around the country. Lloyds Group and NatWest Group have said that the sites in England, Scotland, Wales and the Isle of Man will close between July and November this [...]
Champions Cup rugby: ‘I predict eight home wins out of eight’ March 31, 2023 Though the fixtures suggest a couple of upsets, I am going out on a limb and saying that there will be eight home wins in the Champions Cup round of 16 ties this weekend. It’s one of those weekends where I will be putting my phone on vibrate and just enjoying what is set to [...]
Where will I buy my knickers now? How closure of M&S Fenchurch Street will be lamented by City shoppers of all ages March 30, 2023 The Marks and Spencer store on Fenchurch Street, on the corner of Gracechurch Street, is set to close on Friday 31 March. The store, which has been one of the City’s remaining department stores since the closure of the nearby House of Fraser on the corner of King William Street in 2018. Marks and Spencer [...]
What was in ‘Green Day’? How has the energy sector responded? March 30, 2023 Grant Shapps outlined plans to boost the UK's green energy revolution this morning, but has faced strong blowback from the industry.
The Square Mile and Me: 1 Lombard Street and Ekte boss Soren Jessen on his best City lunch March 30, 2023 Each week we ask the City great and the good for their Square Mile anecdotes. This week, it’s banker turned restaurateur Soren Jessen, the man behind 1 Lombard Street and Ekte How did you find yourself in the City? I came over from Denmark to work in the City first with Goldman Sachs for many [...]
Plans to house asylum seekers in military bases and barges as government pushes ahead to ‘discourage’ small boat crossings March 29, 2023 Asylum seekers will be housed in disused military bases, ferries and barges under government plans to reduce spending on hotels. Immigration minister Robert Jenrick is expected to announce the use of two RAF sites as he tries to reduce the £6.8m a day the government says it spends on hotel accommodation. The plans are likely [...]