Combination of Covid, Brexit and transition towards net-zero economy to end decades of declining ‘job churn’ in UK Changes in UK economy Decades of declining “job churn”, which has meant fewer risks and opportunities for workers, is likely to be upended in the decade ahead as the combination of Covid-19, Brexit and the transition towards a net-zero economy brings about major changes in the UK economy, according to a new report. In fact, the view that robots [...]
From price inflation and Brexit rows to Evergrande and Biden v Putin: Here are the market risks to watch this year The world in 2022 The world is a pretty turbulent and unpredictable place at the moment, with Covid variants not making life easier. From tensions between Russia and the US over Ukraine’s NATO membership to Brexit conflicts and China’s Evergrande property scandal, 2022 is set to become everything but dull. So what developments and issues could disrupt or disturb [...]
Exclusive: Brands fall short of customer engagement and interaction, warns digital ad guru Exclusive: Brands fall short of customer engagement and interaction In today’s increasingly digital-led way of life, retailers, service providers and other businesses are digitalising more of their operations and dealing with customers across a range of channels, whether it’s via a website, mobile app, email and other messaging formats, social media, or even the old-fashioned phone call. But according to Daniel Homoki-Farkas, UK managing [...]
Forget the pandemic: Brexit’s impact on UK economy will be much worse, warns fiscal chief October 28, 2021 The consequences of the UK leaving the European Union will be much more serious than the economic impact of the pandemic, the boss of the UK’s fiscal watchdog warns this morning. The Office for Budget Responsibility (OBR) had assumed leaving the EU would “reduce our long run gross domestic product by around 4 per cent”, [...]
The CA Summit 2021: Grow chapter recap October 19, 2021 The CA Summit sponsored by Markel Tax returned for an event split across three days starting on 5 October, which brought together the brightest minds from the worlds of finance, academia, and the technology industry to deliver a series of challenging, thought-provoking and truly motivational seminars to inspire ICAS Members around the globe. Redefining data Vivienne Artz [...]
This A.M.: Tide is turning at the Bank of England while markets await Powell remarks September 28, 2021 Having started the day in positive fashion yesterday, European markets saw the majority of the early gains slowly disappear, and though most did finish higher, it was a somewhat half-hearted affair. The result of the German election went entirely as expected, with little prospect of a new government this side of Christmas. US markets were [...]
JP Morgan’s digital retail bank Chase to launch in UK next week September 17, 2021 JP Morgan will next week launch its new digital-only lender ‘Chase’ in the UK, as it aims to become one of the biggest banks in the country. In its first international expansion through a retail operation in the bank’s 222-year history, JP Morgan will initially offer only current accounts through the new lender Chase, before [...]
Digital Rupee: Trial confirmed as worldwide interest in digital currency grows August 27, 2021 The Reserve Bank of India has announced the start of trials for an electronic rupee amid growing international interest in digital currency. Yesterday, central bank governor Shaktikanta Das confirmed that trials could begin as early as December. “I think by the end of the year, we should be able to – we would be in [...]
Crypto rush: NFT market hits new record high August 4, 2021 The non-fungible token market broke records this week with 7-day sales volume hitting an all time high of $219.4 million (£157.9 million) on Tuesday. Sales volume peaked at $49 million in a single day on Sunday on OpenSea, the world’s biggest non-fungible token (NFT) marketplace, making it the biggest day of trading since the platform’s [...]
‘Stable-coins’: Japan to join race to regulate digital currency July 16, 2021 Japan is gearing up its efforts to regulate digital currencies internationally, according to reports, as other economic powers race to push out their own, ‘more stable’, tech-based currency. It is a sign that the Japanese government, alongside other G7 states, fear that the growing popularity of digital currency could rattle current financial systems beyond repair, [...]