Posted By Anisa Choudhary
Research from accounting software provider Intuit QuickBooks has shown that 75% of accountants are aware of Making Tax Digital (MTD), a legislation that will see businesses being required to keep digital records and provide quarterly updates instead of filing annual tax returns.
The study explored accountants’ views on MTD and found that more than 35% believe that the introduction of the legislation will provide an opportunity to drive positive change within the accounting industry.Read more >>
A report from the Recruitment & Employment Confederation (REC) has found that more employers are feeling positive about the UK economy, with confidence reaching its highest level since August 2017.
The study found that 30% of employers in the UK are feeling confident about the future prospects of the economy, compared to 29% who believe that economic conditions are getting worse.Read more >>
The Emerging Payments Association (EPA) is calling for the Open Banking Implementation Entity (OBIE) to make amendments to the Open Banking initiative’s framework to help financial technology firms to realise its potential.
The UK payments industry trade body believes that banks should be forced to help fintechs have access to Open Banking and that more should be done to boost consumer trust in the initiative.Read more >>
A study from financial comparison website Know Your Money has revealed that London is the UK’s most entrepreneurial region, with 66.2% of London-based respondents considering starting their own business.
The study found that 47.6% of UK adults want to set up their own business, with this figure increasing to 64.8% for those between the ages of 16 to 24.Read more >>
The latest figures from the Association of Professional Staffing Companies (APSCo) have shown that the number of permanent vacancies in the financial services sector increased by 10% in the 12 months leading up to April 2018.
The research, which focuses on professional recruitment, also showed an increase in permanent placements in financial services, with an annual rise of 19%.Read more >>
Student accommodation aggregator website Nestpick has named London as one of the best cities for entrepreneurial millennials, with the city earning a place in the top ten.
More than 100 cities were included in the research, which was conducted as part of Nestpick’s larger Millennial City Ranking.Read more >>
UK financial services news website Financial Reporter has launched its first Women's Recognition Awards to recognise successful women in the financial services industry.
Applications for the awards are now open, with the Financial Reporter inviting people to nominate themselves or someone who they believe deserves to receive an award.Read more >>
Are you looking for a new career, or just starting out and haven’t decided which direction to take?
If you consider yourself to be an organised person, enjoy working with other people and regularly enter a state of tranquility when you tick tasks off a to-do list, you may have a future in project management.Read more >>
Brand valuation consultancy Brand Finance has revealed the most valuable brands in the UK, with several banks making the list.
The report revealed the value of each brand, showing that despite worries over the vote for the UK to exit the EU, businesses in the UK are responding well to the challenges of Brexit.Read more >>
Everywoman, an organisation that celebrates the advancement of women in business, has launched its annual competition to find the UK’s leading female business owners.
The NatWest everywoman Awards celebrate the achievements of female business leaders, seeking out those who are making an economic impact and helping to inspire others.Read more >>
A study from short-term loans company Satsuma has shown that millennials place the most trust in banks when it comes to the protection of their personal information.
The survey looked at the online habits of 1,000 millennials and found that the majority of adults aged between 18 and 34 trust their banks to keep their personal information safe and private.
Read more >>
Research from fintech firm Crealogix Group has shown that consumers need to be provided with more information on the benefits of Open Banking.
The study surveyed 2,000 UK consumers and identified some of the barriers that Open Banking will need to address in order for the initiative to be adopted on a wide scale.Read more >>
The latest Lloyds Bank Business Barometer has shown that businesses in London are the most optimistic in the UK, with positivity standing at 42% compared to the UK average of 33%.
Businesses in the city are also feeling positive about exporting, with more than half of respondents planning to export or enter a new market over the next six months.
Read more >>
Research from Lloyds Banking Group has shown that financial services leaders are feeling positive about the sector’s future, with the majority believing that the UK will continue to be Europe’s leading financial hub after Brexit.
The study also revealed that, despite optimism in the sector, Brexit is still seen as the biggest risk, with 55% saying that they are worried about the effect that it will have on growth.Read more >>
Investment and retail finance news magazine Professional Advisor has launched the Women in Finance Awards for 2018.
The awards, which are backed by the Chartered Insurance Institute and Personal Finance Society, celebrate the achievements of women working in the financial advice sector, as well as those working in the UK’s broader financial services sector.
Read more >>
The Bank of England (BoE) has announced plans to introduce new cyber standards to help boost protection from cybersecurity attacks amongst financial services firms.
The new standards will be published by UK financial services regulatory body the Prudential Regulation Authority (PRA), which is led by BoE Deputy Governor Sam Woods.Read more >>
Research from peer-to-peer business lender Growth Street has shown that small and medium-sized enterprises in London are leading the way when it comes to awareness of the alternative financing options that are available to them.
The study surveyed 1,000 SMEs across the UK, exploring their views on business finance and exporting, and revealed that more than half of London-based respondents believe that there is enough guidance available to businesses that wish to export, compared to 36% of businesses across the rest of the UK.Read more >>
A study from PwC has shown that more than 40 per cent of Asia Pacific businesses are looking for new mergers and acquisitions, creating opportunities for businesses in the UK that are looking to expand their business overseas.
The professional services and Big Four firm is urging businesses in the Asia Pacific region to invest in UK businesses as part of its support for GREAT, a campaign run by Britain’s Department for International Trade that aims to help overseas businesses boost their growth in the UK.Read more >>
Research carried out by Dartmouth Partners has shown that London remains the most attractive location for graduates who want to pursue a career in finance.
The recruitment firm’s “Gen Z Hiring Report” surveyed 600 people applying for jobs in financial services and found that London is the top spot for recent and future graduates, with 84 per cent of respondents citing the city as the place where they most want to work.
Read more >>
The finance industry has launched an Action Plan to help raise awareness of everyday banking services at thousands of Post Office branches across the UK.
The plan, which was developed in partnership with the Post Office and HM Treasury and is set to be put into action in the third quarter of 2018, will be beneficial to customers living in rural or urban areas who have limited access to bank branches.Read more >>
A report from Hampshire Trust Bank has shown that more than 50 per cent of UK SMEs are feeling optimistic about the long-term economic prospects of their industry, with finance and accountancy firms being amongst the sectors that are feeling the most positive.
The specialist bank’s SME Growth Watch highlighted the importance of business confidence when it comes to economic growth, with 56 per cent of finance and accounting businesses feeling optimistic about their long-term economic prospects.Read more >>
A report from Z/Yen has shown that London continues to be the world’s leading financial services centre.
The city earned the top spot in the think tank’s 23rd edition of its global financial centres index, which analysed 110 cities and ranked them using data from the World Bank, the United Nations and the OECD.Read more >>
The increase in the number of people switching jobs is proof that the UK economy is recovering, according to Bank of England officials.
Nearly 900,000 people switched jobs between October and December last year, the highest number of people since 2004.Read more >>
A study from insight research company Strive has shown that more than 50 per cent of the British public believe that big banks should acquire fintech.
The study surveyed more than 1,000 people, exploring their views on how the finance industry should incorporate technology innovation, and found that 13 per cent believe that it should be done through big tech companies such as Google, whilst 28 per cent said that it should be done through expansion of online-only banks.Read more >>
A report from professional services and Big Four firm EY has shown that fintech businesses in the UK are embracing Open Banking, with 59% seeing the initiative as an opportunity to reconsider their collaborations.
The study, which surveyed more than 30 UK fintech businesses, found that more than 80% of businesses are getting ready for Open Banking, whilst 29% said that they are fully prepared for the initiative.Read more >>