Several City jobs could be moved outside the UK

Several City jobs could be moved outside the UK

Theresa May’s announcement to leave the EU’s single market after Brexit is pushing international banks to consider moving jobs outside the UK. JPMorgan Chase Chief Executive Jamie Dimon said on an interview in Bloomberg TV that ‘it looks like there will be more jobs movement than we could hope for’,...

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Smog regulations decisive in Volkswagen emissions scandal

Smog regulations decisive in Volkswagen emissions scandal

The German company resolved the diesel-gate scandal in Europe by fixing the cheating mechanism, but is not offering monetary compensation as it did in the US. Due to EU emissions regulations not being as strict, Volkswagen did not offer to buy back the affected cars, which also includes Audi, Skoda,...

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Business rates. The silent corporate raiders

Business rates. The silent corporate raiders

A young Austrian client rang me up the other day and asked me for help with her domestic rates. I told her we’re accountants; someone else deals with rates. Who? No idea. So Doug, you deal with personal tax, corporation tax, fuel tax, VAT, insurance tax, other indirect taxes, PAYE...

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Angel Investing

Angel Investing

Since the financial crisis of 2008, the alternative market for private investment in enterprise has grown dramatically. Record low interest rates, increasingly generous tax reliefs under Enterprise Investment Schemes, stress tests on banks and a change in attitude towards entrepreneurship have been key. Alternative finance business lending, including angel investing,...

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Chelsea School children open London for business

Chelsea School children open London for business

Chelsea School children open London for business Students form The Hampshire School, Chelsea, along with Global Teacher Prize winner Hanan Al Hroub and MP Nick Gibb, opened trading in London’s stock exchange last week. Sixteen year 8 students were invited to the event as they had been learning about the...

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One in five workers ‘forced to use holidays’ to attend funerals

One in five workers ‘forced to use holidays’ to attend funerals

One in five workers are forced to use holiday or take unpaid leave to attend the funerals of family members or friends, new research by MetLife has found. The study found that 19 percent of workers have taken unpaid leave for funerals, 11 percent have taken time off for family funerals and eight...

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Young workers spend more and save less for pensions

Young workers spend more and save less for pensions

Workers aged between 21 and 30 are spending more and saving less for pensions according to new research from financial services group Prundential, revealing a generational divide between the financial patterns of workers aged between 21 and 30 and those aged 51 and 65. This comes amidst concerns that young people are disengaged from pension...

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Snapchat files for $25 billion IPO

Snapchat files for $25 billion IPO

The company behind Snapchat, Snap Inc. is planning to start trading in the public markets around March next year, according to people close to the company. California based Snap Inc. is aiming to raise $4bn dollars on the public sale. Its last private funding round on May 2016 saw it...

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Proposed bill would ban unpaid internships

Proposed bill would ban unpaid internships

A proposed bill seeks to ban unpaid internships as supporters voice concerns that unpaid placements give an unfair advantage to richer job applicants. The proposed Minimum Wage (Workplace Internships) Bill would ensure that interns are paid at least a minimum wage, but excludes apprentices, full-time university students, or children under...

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Investment Fund Liquidity Risk

Investment Fund Liquidity Risk

Following the illiquidity issues that hit UK Property Funds after the Referendum vote on 23rd June, we wondered if other sectors could be hit by the same issues and found that UK Smaller Company Funds could be the next sector to leave UK investors with frozen investments. SCM Direct were...

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