Give bosses a pay boost to attract top talent to the UK, says City minister May 16, 2023 The City minister has thrown his weight behind efforts to boost the pay packets of the country’s top bosses today as a debate around pay in the City gathers steam. The compensation of executives at the UK’s top listed firms has been a topic of hot debate in recent weeks as regulators and officials look [...]
Record number of Brits return to workforce but inflation continues to wipe out pay growth May 16, 2023 A record number of Brits are returning to the workforce in a sign that labour shortages that have held back economic growth and pushed up inflation are starting to unwind, official figures out today show. A net 251,000 people flowed out of economic inactivity in the three months to March compared to the previous quarter, [...]
UK isn’t alone in this recession merry-go-round – just look at Europe May 16, 2023 It’s worth remembering that Britain isn’t some sort of pariah in the rich world that’s undergoing a tough economic slump, which is threatening to extend the growth slow down since the 2008 financial crisis. Europe’s major economies, led by Germany, its powerhouse, are also in the teeth of a slump. Numbers out last week revealed [...]
More than 6m extra Brits to be caught by higher income tax rate net in just a few years May 16, 2023 More than an additional 6m Brits are poised to be caught in the higher income tax net compared to the early 1990s in what has been characterised as the steepest tax hike in four decades, new research out today reveals. Prime Minister Rishi Sunak’s decision as Boris Johnson’s Chancellor to freeze tax bands for several [...]
Canada grandees lay out vision for UK markets after bruising few months May 15, 2023 A group of Canada grandees are drawing up a “new market model” for the UK’s capital markets after a bruising few months in which the capital has been rocked by negative headlines and a slew of firms heading towards New York.
‘Greedflation’ not to blame for UK price surge, former rate setter claims May 15, 2023 “Greedflation” is not to blame for prices surging in the UK and instead businesses are pushing up prices in response to soaring costs, a former Bank of England rate-setter claimed today. Michael Saunders, an ex-member of the monetary policy committee – the nine strong group that sets interest rates in Britain – and now senior [...]
M&G calls bosses back into the office – and they can’t be TWaTs about it May 14, 2023 Investment firm M&G has called on its managers to get back in the office for three days a week in a bid to boost the morale and development of its junior staff - but they won't be allowed to simply swan in on Tuesdays, Wednesdays and Thursdays.
Crypto venture capital backing tumbles again as market ‘winter’ spooks investors May 12, 2023 The amount of cash invested into crypto companies globally tumbled sharply again in the first quarter of the year as investors continue to flee the market amid a deep ‘crypto winter’, new data has revealed.
Schroders boss: Asset management must ‘come to the party and embrace risk’ to revive London markets May 12, 2023 The asset management sector needs to “come to the party” and “embrace risk” in order to revive London’s floundering status as an international financial centre, the chief of Schroders said today, in a rallying cry for sweeping change in the City.
FTSE 100 live: London’s premier index closes the week up after Beazley bump and UK economy growth May 12, 2023 The FTSE 100 has ended a mixed week on the up after a bump for Lloyds of London insurer Beazley this morning and growth in the UK economy. London’s flagship index ended the week with a gain of around 0.63 per cent after ONS figures this morning showed GDP edged 0.1 per cent higher in [...]
