First-time buyers in London now need to stump up nine times their annual earnings to get on property ladder November 25, 2021 A new report published this morning shows that first-time buyers now have to cough up five-and-a-half times their typical annual earnings to get on the property ladder. In London that is even nine times. As house prices have surged, the average first-time buyer house price-to-gross earnings ratio in the third quarter of this year was [...]
Browne Jacobson and KPMG top workplace social mobility index November 24, 2021 Law firms and consultancies are leading the way in driving social mobility in the workplace, according to the latest national Employer Index by the Social Mobility Foundation (SMF). Law firm Browne Jacobson LLP scored first place in the ranking of the top 75 organisations, followed by consulting giant KPMG and law firm Herbert Smith Freehills [...]
Banks could lose out on a fifth of deposits under Britcoin proposals – BoE November 23, 2021 The Bank of England has today admitted that commercial banks will be hit hard by plans for a digital pound backed by central bank reserves.
Easyjet recruiting 1,500 seasonal cabin crew for summer 2022 November 23, 2021 Easyjet is recruiting 1,500 seasonal cabin crew roles across Europe to serve the ramp up in demand that is expected to take place next summer. Working between March and October 2022, most of cabin crew members will be based in the UK. An additional 250 members will go back to working for Easyjet having operated [...]
Over 200,000 people apply to EU settlement scheme after Brexit cutoff November 23, 2021 Thousands of EU citizens are still applying for settled status in the UK long after the government's post-Brexit cutoff date.
‘Not for Boris Johnson to second guess’ whether office-working best for businesses November 22, 2021 The Prime Minister has been told to leave businesses to make their own decisions on hybrid working, after saying there were “sound evolutionary reasons” for office-working. The Institute of Directors has slammed Boris Johnson’s remarks, which he made at the Confederation of British Industry’s annual conference on Monday. Alex Hall-Chen, senior policy advisor at the [...]
Amazon’s merciless move to block Visa likely to lead to rapid uptake of… Amazon credit cards, which are issued by Mastercard November 22, 2021 Following the news that Amazon will no longer accept payments from UK-issued Visa credit cards, some industry insiders are convinced the e-commerce giant’s decision is a calculated move to drive the adoption of the company’s own payment cards, and will give a competitive advantage to Visa’s main rival, Mastercard. Last week, the online retailer confirmed that Visa credit [...]
JP Morgan offers to cover hotel quarantine costs for staff in Hong Kong November 22, 2021 JP Morgan has offered to give staff in Hong Kong up to $5,000 to cover quarantine costs, so they can visit families abroad. The city has tough quarantine rules, meaning arrivals into Hong Kong must quarantine in a hotel for up to three weeks. In a memo to staff, the investment bank said: “We recognise [...]
FTSE 100 chief execs continue to feel the pinch with lower pay packages November 22, 2021 The pay cheques of FTSE 100 company chief executives have taken a hit this year, as executive rewards were curbed during the pandemic, according to reports.
Travelodge to open four ‘budget chic’ hotels this month, including in London’s Elephant and Castle and Manor House November 22, 2021 Travelodge has announced four new hotels will be open in time for Christmas as bosses hope to cash in on families looking to travel during the festive season, with most of them to be offering ‘budget chic’ rooms. Two new sites have already opened in London, in Elephant and Castle and Manor House, with a [...]
