Americans residing and working in the UK might face increased tax rates due to outcomes from the UK general election and the US presidential election this November. Alex Straight, a Partner at Blick Rothenberg, a British audit, tax, and business advisory firm, and spokesperson for the firm’s international group, highlighted, “For Americans, this is the […]
A significant 52% of CEOs acknowledge that their organisations are falling short in terms of workforce diversity, with 37% of chief HR officers concurring, according to a recent study by The IN Group. To address these shortcomings, 76% of executives have confirmed the implementation of a diversity and inclusion strategy specifically aimed at hiring technology […]
The space industry is projected to be worth $1.8 trillion globally by 2035, up from $630 billion in 2023, according to McKinsey. In the UK, satellite navigation and communication underpin an estimated 17.7% of the nation’s GDP. While billion-dollar rocket companies like SpaceX and Blue Origin capture headlines, the UK’s space sector consists predominantly of […]
The abolition of VAT-free shopping for tourists is severely impacting British retail and hospitality, warns an influential trade body. Caroline Rush, Chief Executive of the British Fashion Council (BFC), asserts that the so-called tourist tax is not only harming luxury retail but also affecting the entire supply chain, including tourism and hospitality. Rush highlighted that […]
Britain’s leading asset manager, Schroders, has sounded an alarm over the disparity in executive pay between UK and US companies, cautioning that this gap may lead to a talent drain to America. Schroders, which manages about £760 billion in assets, including stakes in major London-listed companies, conducted an analysis of the compensation packages of 2,353 […]
Following a decisive victory in the general election, the Labour Party now commands a substantial majority, placing them in a powerful position to influence the UK’s economic and technological future. As businesses and industries look to the new government for direction, two key voices in the tech sector, Rupal Karia, Country Leader UK&I at Celonis, […]
The Labour Party’s recent victory has set the stage for substantial reforms in employment law, with significant implications for UK SMEs. As businesses brace for these changes, understanding their potential impact is crucial for effective navigation and compliance. Major Proposed Changes and Their Implications Removal of National Minimum Wage Bandings Labour’s promise to abolish age-related […]
Vodafone and Virgin Media O2 have announced a long-term network-sharing agreement designed to revolutionise the mobile experience for tens of millions of UK customers. This strategic partnership aims to enhance rural connectivity, improve service quality, and establish a third major network operator to rebalance the mobile market. Building on their existing collaboration, including the Shared […]
With polling stations set to open in less than 24 hours, Wealth Club, an investment platform for affluent and sophisticated investors, has unveiled its inaugural ‘British Wealth Report.’ The survey sheds light on the current sentiment of the UK’s wealthiest individuals regarding wealth creation, tax policies, and the attractiveness of the UK as a business […]
Sky Media, the advertising arm of Sky, has announced the launch of ‘Local Heroes’, a new initiative under its award-winning Sky Zero Footprint Fund, aimed at supporting sustainable small and medium-sized enterprises (SMEs) and local businesses. Launched in 2021, the Sky Zero Footprint Fund was created to inspire positive behaviour change and help start-ups and […]