Santander lures Barclays veteran Jane Galvin away from HSBC in banking war for top talent January 10, 2022 Santander UK announced this morning the appointment of Jane Galvin as Head of Corporate Clients within its Corporate and Commercial Banking (CCB) division. Galvin, a City heavyweight who made a name for herself during three decades at Barclays, will start at the beginning of February and will report directly to CCB head Tim Hinton. She [...]
Best time in 50 years to apply for work or switch jobs as vacancies hit record levels January 10, 2022 Jobseekers are being told it is the best time in 50 years to apply for work, with consistent record levels of vacancies being advertised. Recruitment firm Reed said today was known as Massive Monday in the trade because of the high numbers of people looking for jobs, or wanting to switch careers. Chairman James Reed [...]
Majority of small businesses across the UK have no clue what ‘levelling up’ actually means January 10, 2022 More than half of all small firms in the UK have no clue what levelling up the country means for their business, new research suggests. Moreover, a survey of 500 small to medium-sized businesses (SMEs) found that fewer than one in three believed the Government will deliver on its levelling up agenda. Nucleus Commercial Finance [...]
Exclusive: SIPP godfather John Moret on half a century in the City’s pensions space January 10, 2022 Often referred to as Mr SIPP, or the godfather of SIPP, for his work in developing the self-invested personal pension market, Square Mile insider John Moret is one of the most influential figures in the UK’s pensions industry. He is currently chair of advisory business Intelligent Pensions and a non-executive director of Gaud, a fast growing SIPP [...]
Atom Bank ‘committed’ to four-day week January 9, 2022 The boss of Atom Bank said yesterday he is “utterly committed” to the group’s new four-day working week after the move sparked a 500 per cent surge in job applications and boosted staff morale. Mark Mullen, chief executive of the digital lender, said that while it was “too early to declare victory”, results of the [...]
U.S. jobs growth slows well below forecasts January 7, 2022 US jobs growth fell well below forecasts in December as rising COVID-19 infections disrupted economic activity, according to official data released today. The figure in the US Bureau of Labor Statistics report showed that the US economy added 199,000 jobs in December, after economists polled by Reuters had anticiapted a rise of 400,000. Unemployment levels [...]
Income of FTSE 100 executives passes median UK worker’s annual salary today despite CEO pay dropping to £2.7m January 7, 2022 New research shows this morning that the pay of top company executives will pass the median annual wage for a full-time worker by Friday morning, sparking outrage from unions. The High Pay Centre said that, by this morning, the median FTSE 100 chief executive (CEO) will have been paid the median UK worker’s annual salary. [...]
Freezing personal allowance and higher rate tax rates will push 1.2m Brits over 40 per cent tax threshold January 7, 2022 New research shared with City A.M. this morning shows that over one million more people will pay a higher tax rate by 2026. The analysis by the House of Commons Library – first published in The Daily Telegraph – says around 1.2m additional workers will find their earnings going over the 40 per cent tax [...]
Two CEO success stories should put nonsense comparison to bed January 7, 2022 Today marks what unions and one particular think tank term ‘high pay day.’ It’s the day at which an average FTSE 100 CEO has earned the equivalent of the whole-year earnings of the so-called average worker. As ever, the comparison is facile, the implication idiotic, and it is deserving of no more than these few [...]
New year, new job? Here are 3 great opportunities to apply for this week January 6, 2022 And just like that, we have a whole new year ahead of us (how exciting). January is a common time of year for people to make changes in their lives, or at least get the ball rolling in some way. A big change people tend to think about at the start of a new year [...]
