TSB becomes latest bank to announce closures as it shuts 70 branches November 30, 2021 TSB said it will close more branches as use by customers “declines further” and more people are choosing to bank digitally. It said 150 jobs will be affected by the move, but that all staff will be offered alternative roles at TSB. It stressed that it will continue to have the seventh largest branch network [...]
Half of UK businesses to increase prices as supply and labour costs rise November 30, 2021 Half of UK businesses expect to raise prices as the economy faces higher labour and supply chain costs according to Lloyds Bank.
London the top destination for global tech talent looking to relocate November 30, 2021 London is the most attractive destination in the world for tech talent looking to relocate to another nation.
UK’s biggest businesses should be reinvesting, not plugging Treasury’s holes November 30, 2021 So now we know: those with the broadest shoulders really are taking on their fair share of the burden. This is hardly a surprise, of course, except perhaps to those who still pine for the Corbynista dream of taxing British business out of existence, but the PwC research in today’s City A.M. does at least [...]
Amigo Loans on the brink as lending break continues November 29, 2021 Amigo Loans has warned it is at risk of insolvency as its break from lending to new customers continues.
Former Yorkshire Building Society chief Mike Regnier becomes Santander UK’s new CEO November 29, 2021 Santander UK announced this morning that Mike Regnier will become the bank’s new chief executive officer.. Regnier joins Santander from Yorkshire Building Society, where he has been CEO since 2017 and prior to that Chief Commercial and Chief Customer Officer. Santander said in a statement he has over 25 years’ financial services and retail experience [...]
Hybrid working is here to stay: Young talent decline job offers that do not include hybrid options November 27, 2021 A flexible work culture is now a key consideration for most young workers when choosing a job. In fact, talented young people will not join companies that are inflexible about how their employees choose to work, a new study suggests. More than half of 18- to 34-year-olds surveyed by the business finance lender Sonovate said [...]
Macfarlanes newly qualified lawyers to earn £100k in second boost to salaries this year November 25, 2021 Law firm Macfarlanes has increased base salaries for its newly qualified lawyers to £100,000, up 11 per cent, according to reports. The silver circle firm already boosted wages earlier this summer, and admitted that the raises, which followed an early review of salaries, were an “unusual step,” according to Legal Cheek, which first reported the [...]
FCA tells pension providers to green up investments November 25, 2021 Personal pension providers will need to offer savers a default investment option to help people not taking financial advice build up enough funds to afford retirement under new rules launched by the City watchdog today. A new personal pension regime, set out by the Financial Conduct Authority (FCA), recommends default personal pension options will need [...]
It’s a match: Dating app introduces minimum salary of £60k and unlimited holidays for all staff November 25, 2021 Dating app Feeld said today it will introduce a minimum salary of £60,000, or $80,000, for all of its employees around the world. The new salary announcement will give close to 40 per cent of Feeld’s full time staff a pay rise. Moreover, the fully remote company will also offer all of its staff unlimited [...]
