We must do more to tackle racial inequality in the workplace July 9, 2020 While I’m truly proud to take on the role of EY UK chair, having started at the firm 35 years ago, I’ve been profoundly struck by conversations with our Black colleagues following the killing of George Floyd, which have brought into sharp focus that the experience of everyone at EY isn’t the same. We, like other businesses, still have more to do. Race has been a core [...]
Coronavirus: UK drawing up plans to safely re-open businesses April 30, 2020 The government is set to provide workplace-by-workplace guidance on how businesses will be able to re-open as the UK eases its coronavirus restrictions. Business secretary Alok Sharma will issue a series of instructions for how different sectors will be able to go to work, and how sectors such as hospitality, manufacturing, construction and retail can [...]
Commuting in the post-Covid world July 3, 2020 It’s a cliche to say that the Covid-19 pandemic has changed everything — we need to get over this and embrace “the new normal”. But change needs more than an embrace: it needs to be understood and thought-through, not rushed into headlong because everyone else is doing it. And nowhere is such consideration more necessary [...]
The CEO Perspective: How is COVID-19 defining business purpose? May 1, 2020 When the dust settles, will business emerge having played its part and who will have stayed true to their purpose? As leaders strive to steer their corporate ships through unimaginably stormy waters, there’s an understandable need to focus solely on the management of immediate, operational and financial issues. But in the midst of uncertainty, companies [...]
Furious UEFA warns clubs: Join European Super League and we will ban you and your players April 20, 2021 UEFA president Aleksander Ceferin has warned the football body is working to ban breakaway European Super League clubs and their players from its competitions “as soon as possible” and urged domestic leagues to follow suit. Twelve clubs, including the Premier League’s so-called ‘big six’, are part of plans which would fundamentally alter the shape of [...]
PPI costs account for over half of all conduct and litigation charges at UK banks September 16, 2019 Costs from the mis-selling of payment protection insurance (PPI) has accounted for more than half of all litigation and conduct charges faced by Britain’s biggest banks in recent years. Moody’s Investors Service has said that PPI was the largest single source of conduct and litigation charges from 2011 to the first half of 2019, as [...]
Office Politics: How will independent consulting change post-Covid? May 27, 2020 The coronavirus crisis has permanently changed the way we work, showing that remote working is now an increasingly viable solution. As the world learns to adapt to a post-covid working world independent consultants are well placed to support this. When the gig economy is mentioned, Uber and Deliveroo are often the first names that come [...]
Sunak and Carney hold banking summit to discuss coronavirus outbreak March 12, 2020 The Chancellor and the Governor of the Bank of England held a banking summit today to discuss a coordinated response to support small and medium sized businesses affected by coronavirus. Mark Carney and incoming BoE Governor Andrew Bailey outlined the measures that the Bank announced yesterday morning to help mitigate the economic impact of the [...]
Bank of England slaps Citigroup with record £44m fine November 26, 2019 Citigroup has been hit with a £44m fine from the Bank of England after falling short of financial information standards. The Bank has slapped on the record penalty after Citigroup made “significant errors” in reporting its capital and liquidity positions between 2014 and 2018. Read more: Wework lays off 2,400 employees in efficiency drive The [...]
Growth in loan books after Charter Court tie-up with OneSavings November 14, 2019 Onesavings Bank and Charter Court Financial struck an upbeat tone yesterday after saying that lending franchises at both groups were strong following their recent merger. The duo said that they are expecting to report larger loan portfolios for the full-year period. Read more: Has Wework destroyed Softbank’s credibility? Loan book growth at OneSavings grew 15 [...]