Combination of Covid, Brexit and transition towards net-zero economy to end decades of declining ‘job churn’ in UK January 6, 2022 Decades of declining “job churn”, which has meant fewer risks and opportunities for workers, is likely to be upended in the decade ahead as the combination of Covid-19, Brexit and the transition towards a net-zero economy brings about major changes in the UK economy, according to a new report. In fact, the view that robots [...]
UK police seize £300m in Bitcoin but is only tiny fraction of crime-linked crypto wallets: ‘Criminals see huge returns from jail’ January 6, 2022 Police across the UK have seized bitcoin and other cryptocurrencies valued at almost a third of a billion pounds during multiple criminal investigations. A Freedom of information (FOI) request made by the New Scientist publication shows that 12 of the UK’s 48 police forces in Britain confiscated cryptocurrency in the past five years, totalling more [...]
Fintech Monument appoints Ian Rand as new CEO after bank given green light by regulators January 6, 2022 Monument has appointed Ian Rand to the role of chief executive officer, following the bank’s acquisition of a licence. The former boss of Barclays Business Banking will take leadership of the digital bank this month, as co-founder and current CEO Mintoo Bhandari, takes a step back. Rand has been CEO designate from 1 January 2022 and [...]
Tory tax revolt: Rees-Mogg comes out against Rishi Sunak’s planned national insurance hike January 6, 2022 Chancellor Rishi Sunak is urged this morning by Commons Leader Jacob Rees-Mogg to ditch planned rises to national insurance. Rees-Mogg told Rishi Sunak at yesterday’s Cabinet meeting that the increase must be scrapped to stem the rising cost of living crisis engulfing the Government, according to the Daily Telegraph. The Prime Minister faced questions from [...]
Let’s dance: Bowie deal won’t be the last, says Coutts January 6, 2022 THE NEW year saw another bumper music deal in the headlines, with David Bowie’s songwriting catalogue sold to Warner for an estimated £200m.
Tech Special: The jobs, sectors and countries most at risk of automation and robotics in 2022 January 5, 2022 Digital change and automation are driving enormous productivity gains in the world of work. However, the rapid changes mean many individuals, businesses and even entire nations will be hugely impacted by automation and tech, with some roles and jobs to be replaced by robots altogether. Many of the industries that are most at risk of [...]
Dropping earnings threshold and extending pensions auto-enrolment to younger and part-time workers could boost Brits’ savings by £2.7 trillion January 5, 2022 Abolishing the earnings treshold and extending pension auto-enrolment to working 18-year-olds and for part-time workers could add around £2.77 trillion to British pension savings, a think tank has said. The current auto-enrolment rules mean bosses must provide a workplace pension for staff aged 22 and over earning £10,000. But Onward, which describes itself as a [...]
Four in five Brits see cost of living such as grocery and energy bills rise with many having to dip into savings January 5, 2022 More than four in five (82 per cent) people have seen their living costs such as grocery or energy bills and day-to-day essentials increase in the past few months, a survey has found. As a result, nearly a quarter (23 per cent) have dipped into savings, a fifth (19 per cent) said they have changed [...]
High volumes of transactions force Nationwide to ‘queue’ inbound payments after 10m transfers overnight January 4, 2022 Following news that customers of Nationwide were unable to carry out any payments, the third time this month, thousands of angry Brits took to social media to demand an explanation. This afternoon, the bank explained to City A.M. that it took the decision to “queue” inbound faster payments, where money is sent to and from [...]
From price inflation and Brexit rows to Evergrande and Biden v Putin: Here are the market risks to watch this year January 4, 2022 The world is a pretty turbulent and unpredictable place at the moment, with Covid variants not making life easier. From tensions between Russia and the US over Ukraine’s NATO membership to Brexit conflicts and China’s Evergrande property scandal, 2022 is set to become everything but dull. So what developments and issues could disrupt or disturb [...]
