LSBF Blog - Global Matters
China’s investment in business and infrastructure in the UK is up by 500 per cent in six years, according to analysis from financial markets platform Dealogic.
Figures showed that companies from China have spent a total of £3.8 billion on mergers and acquisitions this year, up from £2.1 billion last year and a 470 per cent rise on the £666 million spent in 2010.Read more >>
More people are choosing to stay in the UK for a holiday instead of going abroad, helping to boost SMEs in the accommodation and food services sector, according to a survey from Barclays Business.
Data from the survey showed that 70 per cent of adults in the UK have been on or are planning a staycation, with the average spend per day increasing by over 6 per cent.Read more >>
Women with children face a wider gender pay gap than men, according to new research from the Institute for Fiscal Studies (IFS).
The research showed that the gap widens year on year after a woman has her first child, reaching 33 per cent by the time the child is 12 years old.Read more >>
More businesses are choosing to locate themselves in city centres, with 76,000 more jobs being created since 1998, according to research from The Centre For Cities.
The think tank found that infrastructure, number of potential employees and proximity to other companies is attracting more businesses to cities.Read more >>
The number of people looking for work is expected to increase in September, according to a study by CV-Library.
According to the data, SMEs should expect more interest from candidates, with over 50 per cent of employees being more likely to consider a new job as the end of summer approaches.Read more >>
More workers are leaving their current job role to chase an idea for business that has been created by a hobby, according to research from Samsung Electronics UK in association with the CEBR and YouGov.
The research, which surveyed 511 micro-businesses, showed that 12 per cent of UK employees have abandoned their job role to become an entrepreneur and turn their “passions into pay cheques.”Read more >>
Opportunities need to be created to help young people get into work, according to IPPR. Research from the think tank showed that the number of 16 to 17 year olds working in the summer has halved over the past 20 years.
Over 40 per cent of 16 to 17 year olds were working whilst studying in the late 1990s, compared to just over 20 per cent now, whilst the number of 18 to 24 year olds working in summer jobs has also declined.Read more >>
Recent research by City & Guilds has shown that British teenagers are unfamiliar with many high-paid job roles, which could have an impact on their career prospects.
The research, which surveyed 3,000 young people aged 14 to 19 across the UK, showed that they are familiar with less than one in five of 369 job roles listed by the government.Read more >>
Startup businesses in the health sector are the most likely to have the best chance of survival in their first year, according to research by Ormsby Street.
The research identified the sectors in which start-ups are most likely to still be operating five years after they were created.Read more >>
Self-employed workers take double the amount of holiday compared to those who are employed, according to a new study from freelance jobsite PeoplePerHour.
The research showed that freelance workers spend up to 21 nights away from home in an average year, whilst those who are employed spend an average of ten nights away.Read more >>
Aviva has partnered with a digital tech start-up company to access “world-class digital start-ups” and provide them with mentoring.
The insurance company will be working with Plug and Play, which is based in Silicon Valley, for its InsurTech programme.Read more >>
Freelancers and micro-business owners believe that the Government’s plans to make tax digital is a step in the right direction, according to a survey conducted by FreeAgent.
The report, which surveyed 513 businesses with less than ten employees, showed that nearly half of UK businesses feel optimistic about the changes to the UK tax system.Read more >>
London’s startups received more funding this year than in any other European city, according to figures from Statista.
The research, which used figures from EY’s Startup Barometer Germany report, showed that startups in the city raised €1.3 billion (£1.1 billion) in the first six months of this year, up from €1 billion in the first half of 2015.Read more >>
The value of nuclear energy, and in particular the troubled Hinkley Point, is being questioned in light of the possibilities offered by alternative and renewable technologies.
One of Hinkley Point’s main advantages is offering continuous, “on-all-the-time” power. However, technology and its lower costs may be erasing the need for the plant to be built.Read more >>
The Independent has published the latest listing of jobs with bonuses of over £20,000 per year using data collected in an anonymous survey by Glassdoor.
Roles in the finance industry hold several places on the list, including portfolio managers, brokers and traders. Top of the list, however, were global account managers who receive an average annual bonus of £37,000.Read more >>
Retailer HSN has announced a plan to discover entrepreneurs. People with innovative product ideas will have the chance to describe their product – and their vision – to a panel of influential judges, including angel investor Randi Zuckerberg.
The “American Dreams Inventor Search” event will be held at the XFINITY Store at Palo Alto in California. It will feature budding entrepreneurs pitching their ideas to Zuckerberg as well as HSN New Business Development Vice President Dara Trujillo.Read more >>
Recent research indicates that numerical skills are not the only requirements needed to succeed in the financial industry.
In a survey conducted by the Institute of Chartered Accountants in England and Wales (ICAEW), it was reported that future financial officers must develop both interpersonal and technical skills in order to compete. The survey compiled results from over 500 financial and business executives.Read more >>
President and Chief Executive Officer of Ford Motor Company, Mark Fields, has announced that the company are currently working to develop driverless cars.
Fields stated that driverless cars would have “as significant an impact on society as Ford’s moving assembly line did 100 years ago.” The announcement was made in the Silicon Valley area of California.
Read more >>
HM Revenue and Customs (HMRC) has announced that its pay-as-you-go tax system for landlords and sole traders will be up and running from April 2018, in what could be an innovative development for tax payers.
The plan is to allow businesses to employ a digital tax account in order to estimate their liabilities and make a payment. This will make it easy for HMRC to allocate the funds directly from their accounts when their taxes are due.Read more >>
Figures released this week show that house prices rose considerably in the year to June, despite the uncertainty surrounding Brexit and concerns of an impending crash.
The statistics showed that the average UK house price had risen 8.7 per cent when compared to the same month last year - a rise which is almost four times the average annual rise in wages.Read more >>
Despite the dire warnings of economic downturn that followed Brexit, the UK mining industry appears to be growing, according to recent data.
The value of seven UK mining companies has doubled since the end of 2015. One company, Anglo American, illustrates the turnaround well. Last year Anglo American was on the verge of dropping off the FTSE 100, but the “dramatic turnaround in the industry” in recent months has seen the diversified mining group recover significantly.Read more >>
The Irish Government has announced a new search to find Ireland’s Best Young Entrepreneur (IBYE) and is inviting applicants to put their name forward before the October deadline.
The scheme was launched by Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor and is backed by a €2 million investment fund. The initiative is being run by the Department of Jobs, Enterprise and Innovation and Enterprise Ireland and is being coordinated by 31 Local Enterprise Offices all around the nation.Read more >>
HMRC has announced that Gift Aid rules will be changed to give more flexibility to charity donors using online platforms and text messaging.
The new rules will make it easier for charities to comply with the rules and gives intermediaries a more significant role in providing Gift Aid.Read more >>
Businesses looking to take on apprentices will be able to take advantage of an extra £2,000 on offer to help teenagers, care leavers and those with special education needs into work.
Employers in England will soon benefit from the plans, which will see small businesses subsidised with 90% of the costs of providing the apprenticeships.Read more >>
The Royal Bank of Scotland (RBS) is collaborating with the Institute of Chartered Accountants of Scotland (ICAS) to help small businesses in Scotland grow.
RBS staff will be working with members of ICAS to improve the services that both the bank and the accountants provide to SMEs in the country, and the staff will be working closely with the Practice Community of the ICAS.Read more >>