Cardano bridges the gap to China by teaming up with Nervos blockchain June 2, 2021 Chinese public blockchain Nervos and blockchain engineers IOHK are teaming up to create a cross-chain ‘bridge’ to connect the Cardano and Nervos networks
£19bn Crossrail mess: Uncertainty over how loans will be repaid while £150m funding gap looms October 29, 2021 The estimated cost of completing London’s new east-west railway exceeds current available funding by £150m, according to a new report by the Commons’ Public Accounts Committee (PAC). Moreover, Crossrail is facing a “serious” funding gap and there is uncertainty over how loans will be repaid, MPs have warned. The predicted cost of finishing the project [...]
EY gender pay gap shrinks as ethnicity pay gap widens January 14, 2021 Ernst & Young has reported a 32.4 per cent gender pay gap among its staff, as at April 2020, and a nearly 37 per cent ethnicity pay gap. EY UK chairman Hywel Ball said the gender pay gap at the Big Four firm had improved by 4.7 per cent in the last year, which was [...]
Gap ‘mulling’ sale of China business March 8, 2021 Clothing firm Gap is reportedly mulling the sale of its Chinese business as one of a number of options for overhauling its operations in the world’s second largest economy. Sources told Bloomberg that the retailer was working with an adviser over and had made overtures to several potential suitors over the sale. Having entered the [...]
The hybrid working gap: The young, broke and single prefer the office May 24, 2021 Older workers are more likely to prefer hybrid working models than younger people. Half of employees aged 18 to 24-years-old want to return to the office full time, compared to just 29 per cent of over 55s, according to a survey carried out by Totem, an employee engagement and culture app The survey showed that 66 [...]
Long read: the office, pay cuts, promotions and cities. Transcending the gender gap post-pandemic August 14, 2021 Cabinet ministers and CEOs are falling over themselves trying to bark us back into the office. Some are even threatening to cut our pay if we move too far away, but their sledgehammer approach is not winning converts, especially amongst women. Over the course of sixteen months of remote work, many of us have felt [...]
Exclusive: UK ‘tax gap’ for large businesses climbs as HMRC is owed £6.1bn in underpaid tax September 17, 2021 The UK’s estimate for underpaid and evaded tax by large businesses has jumped 15 per cent, according to new research shared with City A.M. today. The ‘tax gap’ for large businesses reached £6.1bn in the past year, ending 31 March 2020, up from £5.3bn the previous year, according to Square Mile-based law firm Pinsent Masons. [...]
Wealth gap: One in four Brits have less than £500 in savings June 23, 2021 Around one in five adults in the UK has less than £100 in savings, according to new research shared with City A.M. this evening. One in seven people have no savings to fall back on at all and more than a quarter have less than £500 put away. Indicating a widening gap in the UK’s [...]
Britain’s tech industry needs to address its gender gap and invest in women June 16, 2021 With all major crises, comes opportunity. A chance to consider where we are and where we want to be. Crisis is a catalyst for change. As the tech industry takes a central role in helping the global economy rebound, it must seize the moment and be inclusively bold. We need every talented entrepreneur contributing to [...]
TfL still facing £500m funding gap as network unveils slimmer budget July 26, 2021 Transport for London (TfL) today revealed that it is facing a £500m funding gap for this financial year as it continues to try to broker a long-term financial package with the government. In its revised budget, published this afternoon, the transport network revealed that it would need £1.9bn of funding for 2021/22, down from the [...]