Weekend Read: HMRC launches more than 1,000 new probes every single day in attempt to recoup lost pandemic revenue March 26, 2022 HMRC has launched 137,000 tax investigations in the six months to December 2021, up 9 per cent from the 126,000 investigations in the same period last year, according to new data shared with City PM today. This amounts to the Revenue opening 1,062 tax investigations per day. HMRC is ramping up its compliance activity as [...]
21m German retirees in line for hefty pension increase this year thanks to higher wages and inflation March 26, 2022 German retirees will get a hefty pension increase this year, largely as a result of higher wages in Europe’s biggest economy as inflation climbs sharply, the government said. The German labour ministry said pensions will increase by 5.35% in the former West Germany on July 1 and by 6.12% in the formerly communist east. There [...]
City PM Awards 2022: Bank of the Year March 25, 2022 The City is back, and so are the City PM Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
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Ready to replace Boris: ‘Anxious’ Rishi Sunak fails three times to rule out Tory leadership run March 25, 2022 Chancellor Rishi Sunak failed three times to rule out that he could launch a leadership bid in the future. Speaking to Beth Rigby Interviews on Sky News, the Chancellor was asked whether he would go for the top job if the opportunity arises. He was read a quote from Boris Johnson, who said in 2013 [...]
UK flight compensation to be slashed under post-Brexit government plans: from £220 to £57 March 25, 2022 UK flight compensation rules could be slashed out, consumer champion Which? warned today. Under new government plans, passengers could see their refunds go from £220 to £57, saving airlines hundreds of thousands of pounds per year. “Ripping up current compensation rules for UK flights would be a huge blow for passenger rights and embolden airlines [...]
Top firms mull pension hikes to keep pace with inflation March 24, 2022 FTSE 100 firms are mulling discretionary pension hikes as soaring inflation threatens to outpace the rate of annual growth in payouts, according to a top pensions consultant.
Crypto scam: Pig butchering on dating sites makes the Tinder Swindler looks like an amateur March 24, 2022 City PM is increasingly receiving reports about a new crypto scam called ‘Pig Butchering’, which combines the intimacy of romance scams with the wild west of crypto cons. In this scam, the victims are referred to as pigs being prepared for slaughter: they’re raised for their meaty profit under the promise of ‘happily ever after’ [...]
City PM Awards 2022: Insurance Company of the Year March 24, 2022 The City is back, and so are the City PM Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
Hollywood takes over Waltham Cross as £700m plan for Europe’s largest film studios with 4,500 jobs moves ahead March 24, 2022 Hollywood’s Sunset Studios is moving ahead with its plans to pump around £700m in a new film studio in Waltham Cross, a project that should generate around 4,500 jobs and create the largest film studio in Europe. The Hollywood giant has submitted a range of plans and proposals to the local council, after holding a [...]
