Business and Economics

Business and Economics News

Quidco opens new Sheffield office

Whilst London real estate is slowing, the North continues to see positive growth. Quidco, the cashback and rewards company owned by the Maple Syrup Media Group, has recently announced that they are moving in to brand new premises in Sheffield’s Fountain Precinct. The 8,750 sq ft office space is nearly treble the size of the 3,000 sq ft that they currently occupy – a clear indication that it is a business set on rapid and dramatic expansion. The business was...

A third of British super-rich are under tax inspection

Do the very rich pay their fair share of taxes? The general consensus across the country would probably assume they don’t, well a new report seems to confirm our suspicions. A third of British super-rich people are having their tax situation investigated. Some people may also be surprised that it is only a one in three of the richest people who might be fiddling the system, but it is at least a start. HM Revenue and Customs (HMRC) is running...

Darkness Falls This Sunday For UK Workers, But Do We Need Daylight Saving?

This Sunday at 2am winter will truly be upon us as the clocks go back and the nights start getting darker. Unfortunately spending time in the dark is something Brits are used to, in fact new research by Get More Vitamin Drinks has found that the average office worker is only expected to get 52 minutes of daylight a week over this period. In a finding sure to make Brits dread the winter the average worker is reported to leave for...

Regulators Need ‘Cultural Change’ to Avoid us ‘Sleepwalking into the Next Financial Crisis’

Regulators need to undergo a cultural change if we are to avoid sleepwalking into the next financial crisis, a new report has found. The study by Cass Business School for New City Agenda revealed that the Prudential Regulation Authority (PRA) and Bank of England need to go much further to improve transparency and engage with the public, and that the new Financial Conduct Authority (FCA) chief executive Andrew Bailey will need to demonstrate his independence from politicians and the financial...

During “Wolf of Wall Street-style” drinking sessions City boss committed sexual assaults

A senior city worker is facing a jail term after sexually assaulting two women at the company’s main office, during drinking sessions described as “Wolf of Wall Street-style.” Anthony Constantinou, head of financial group Capital World Markets (CWM), treated one of his victims "like a piece of meat". The 34-year-old pushed a lump of hot wasabi paste in her mouth, and told her she had a "cracking a*** and pair of t****" before forcing his tongue into her mouth. He...

Watch – ‘Hard Brexit’ or ‘no Brexit’ says EU president Tusk

This will be music to the ears of staunch Brexiteers, but will terrify everyone else. The EU council president, Donald Tusk, has said that there is only one type of Brexit…and it’s a Hard Brexit. Tusk rejected Boris Johnson’s claim that the UK would end up with a better deal with the EU than it has now. Donald’s remarks are the first time he has taken such a hardline against the UK. This comes as there are various reports US...

Online scams leads to £400 million increase in fraud during first half of 2016

The digital world is not a safe place and a huge increase in scams and online attacks, show that financial fraud in the first half of 2016 increased 25 per cent to £399.5 million. The figures were released by Financial Fraud Action (FFA UK) today and the sums of money that are being swindled on a daily basis, on-line, are astonishing. However, the amount of money that is actually attempted to be stolen is much larger. On-line security systems at...

Brexit: is London’s loss the North’s gain?

Brexit has already proved hugely divisive - to the point where the unity of the United Kingdom is once again in question - but it is also presenting golden opportunities for those able to position themselves on the right side of history. It is, however, hard to see how metropolitan London - as a global finance and business hub - is going to gain from the sort of ‘hard’ Brexit that is currently being championed by the hard-liners to Theresa...

Treasury warns ‘Hard Brexit’ could cut 10% off GDP & cost up to £66bn

This news must panic even the most ardent of “Brexiteers,” as a leaked Treasury document would destroy the UK economy. The fall that has been predicted would damage jobs across the country and send business to the wall. The report was shared with The Times and suggests that GDP might fall to almost ten per cent if the UK leaves the European project and opts to follow World Trade Organisation rules. The paper was published by the ex-Chancellor George Osborne...

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