A struggle to get credit: Bank lending to hospitality nosedives following end of Covid loans CBILS and BBLS June 14, 2022 Outstanding bank lending to small businesses in the hospitality sector has fallen by more than £1.4bn since the end of CBILS and BBLS loans schemes. According to new data shared with City PM, bank lending dropped to £14.6bn in April 2022, down from £16.08 billion in March 2021. With the cost of living crisis eating [...]
3 Tips For The Best Remote Interview You’ve Ever Had June 13, 2022 The kitchen table, a hastily cleared corner of the living room, or for the lucky ones, a spare bedroom where we could set up a desk and second screen (the unlucky ones got an ironing board). We all made do during the pandemic when it came to working from home. Now though, as remote and [...]
Weekend read: The SPAC bubble is bursting, argues Syz Bank’s investment chief June 11, 2022 With monetary policies tightening, speculative bubbles are bursting one after the other. SPACs are no exception. As a reminder, a SPAC, or Special Purpose Acquisition Company, is a company with no operational activity – an empty shell – that raises funds on the stock market with the sole objective of making an acquisition or acquisitions. [...]
Recruiters warn companies’ growth to be hit by increasing skills shortages June 10, 2022 Employers could be starting to rethink their growth plans because of continued skills shortages, research suggests. A study found a slowdown in recent increases in the number of people placed into jobs by recruitment agencies. The Recruitment and Employment Confederation (REC) and KPMG said a number of recruiters blamed candidate shortages for hampering their ability [...]
Brits to be allowed to use housing benefits for a mortgage to buy their homes June 9, 2022 Allowing lower-paid workers to use housing benefits to buy their homes and an extension of the right to buy for housing association tenants should give Tory support a boost. Prime Minister Boris Johnson is expected to confirm his intentions in a major speech today as he seeks to repair his fortunes after a bruising Tory [...]
Labour throws weight behind biggest railway strike in decades: ‘We are on the rail workers’ side’ June 9, 2022 Shadow levelling up secretary Lisa Nandy has said she supports the strikes by rail workers in the coming weeks if the Government fails to address their concerns. Speaking on ITV’s Good Morning Britain, she said: “We want to avoid the strikes and we’re on the public’s side on this. “We’re also on the rail workers’ [...]
Last-minute talks to avert largest rail strike in decades which may ruin concerts, cricket and Glastonbury June 8, 2022 In a bid to avert the largest strike by railway workers in several decades talks are to be held this week, after the scale of disruption to services by the planned industrial action became clear. Members of the Rail, Maritime and Transport (RMT) union at Network Rail and 13 train operators will walk out on [...]
WH Smith lures Admiral chief Annette Court as new chairwoman to replace Henry Staunton June 8, 2022 Retailer WH Smith has named Annette Court as its new chairwoman to replace Henry Staunton when he retires later in 2022 year after nine years in the post. Ms Court – currently chairwoman of insurer Admiral Group – will join the board as a non-executive director and chair-designate on September 1 before succeeding Mr Staunton [...]
‘We will set out tax cuts this autumn’ promises Rishi Sunak after Boris Johnson appeases angry Tory rebels June 8, 2022 As the Government seeks to get back on track following Monday’s bruising Tory confidence vote in Boris Johnson, Chancellor Rishi Sunak has reaffirmed his commitment to cut taxes for business later in the year. In a speech to the Onward think tank, Mr Sunak said he would be bringing forward a range of measures in [...]
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