The government’s short-term ‘cures’ are doing far more damage than the virus itself September 29, 2020 For the best part of this year, our societies have been torn apart by this Covid-19 pandemic. It has thrown challenges to all businesses and all people in almost every country around the world. My home country, Italy, was the first in Europe to see how devastating this virus could be. We all remember those [...]
Accountancy and finance teams must learn to embrace analytics September 29, 2020 The global pandemic has cast a new light on priorities across many different industries. Suddenly, the most important asset a pub can have is a large open garden. Low wooden beams and small rooms seem dangerous rather than charming and characterful. Public transport systems that offered efficient mass transit across cities are being shunned by [...]
Brand Trump is keeping Candidate Trump in the race for the White House September 29, 2020 Scandals and appalling press are usually bad news for politicians. Before the presidential era of Donald Trump, it was a given that major missteps, major insults to large groups of the population (especially the military), breaking the law, or being impeached were close to terminal for US presidents. It’s fair to say that President Clinton [...]
Exclusive: MPs slam ‘inconsistency and incompetence’ as SMEs struggle to get bounce back loans September 28, 2020 Banks have been told to ensure that no small businesses are “locked out” of government-backed coronavirus loans, after firms were left unable to access the loans despite being eligible for funding. MPs said lenders accredited under the scheme should re-open applications for bounce back loans (BBLs), designed to help small companies weather the pandemic. Barclays [...]
There’s no place like work: Office spaces still have a future September 28, 2020 There is talk that working from home has become so ingrained and that the old working arrangements are so untenable in this new socially distanced and digitally enhanced world, that it will force city centre offices to be entirely repurposed — and perhaps turned into vertical rabbit hutch towers of studio flats. This debate is [...]
Small business would suffer from a capital gains tax hike – not just investors September 28, 2020 Capital gains tax (CGT) increases were reported to be in the chancellor’s sights before the Autumn Budget was cancelled to allow Rishi Sunak to focus on his winter economic plans. However any changes to CGT down the line could discourage small business investment just when it is needed most, says Claire Madden. Has there ever been a [...]
As well as protecting jobs, the government must enable a safe return to the workplace September 28, 2020 Fittingly, the weather has taken a turn for the worse over the last week just as the economic headwinds facing the UK risk turning into a perfect storm. After many months of lockdown, the number of people returning to their City workplace had visibly started to pick up in recent weeks – particularly as schools [...]
For the next six months, should you spend the time on survival, or plan how to thrive? September 28, 2020 “Cap’n, she can’nae take much more of this.” Who would have thought that the much loved Scotty would capture the scene not of star trekking but the more earthly matter of the mood of business here on terra firma. Make no mistake, the UK economic dashboard is blinking red, and the worry has to be [...]
Restaurant industry risks ‘lost generation’ without more support, top chefs warn September 27, 2020 Raymond Blanc and Michel Roux Jr have warned that the restaurant industry risks losing a generation of talent and will “suffer enormously” amid fresh coronavirus restrictions and gaps in government support. Industry figures have condemned the new 10pm curfew as “devastating”, while a quarter of hospitality businesses fear they will go bust by the end [...]
Evidence on negative rates ‘encouraging’, says Bank of England policymaker September 27, 2020 The Bank of England has seen “encouraging” evidence that negative interest rates could help the British economy during the downturn triggered by the coronavirus, a policymaker has said. Silvana Tenreyro, who sits on the Bank’s monetary policy committee (MPC), said the committee has been discussing what options it has in its toolkit, including “how effective [...]