Posted By LSBF Blog Staff
The Department of Education has exceeded the target that it set itself for the recruitment of apprentices in 2017. The apprenticeship levy was first launched in April last year, with public sector bodies being obliged to make certain that a minimum of 2.3% of the workforce is made up of apprentices each year.
After just over a year, the Department has succeeded in meeting and even exceeding that target, and is now giving until the end of September for all of the other eligible public bodies to release their own figures.Read more >>
Amazon is to create 2,500 permanent new jobs in the UK this year, which will see the total number of jobs in the country provided by the e-commerce giant rise to 27,500 by the close of 2018.
Over 650 permanent new positions are to be created in Amazon’s development centres as well as in the Amazon Web Services division, and there will be hundreds of new roles in the company’s head office, according to the company.Read more >>
One of the biggest gaps in knowledge when analysing the education system of emerging economies has been the opinions of parents, who have the biggest influence on youngsters. Despite some cultural stereotypes, there has been a dearth of real data on the subject – until now.
A comprehensive worldwide study has been undertaken by the Varkey Foundation to examine the fears, hopes and opinions of more than 27,000 parents in as many as 28 different countries, and has revealed that the view of education in emerging markets is quite different from those of parents in the West. Parents in the emerging world spend far more time assisting their kids with education than is the case in the developed world.Read more >>
The UK government is paying close attention to the impact of a cap on skilled visas that resulted in over 1,000 doctors being refused entry to the UK between December 2017 and March this year, it has been revealed by Downing Street.
On Sunday, Home Secretary Sajid Javid increased hopes of the cap being lifted by noting that he was giving a fresh look to the policy, putting pressure on Prime Minister Theresa May to have the restrictions loosened.Read more >>
In two weeks, the 2018 FIFA World Cup will get underway in Russia, and according to estimates from a new report, the UK economy could be boosted by as much as £1.33bn, potentially even reaching £2.72bn if England get to the final.
With retailers and brands expecting a spending spree, UK-based digital marketplace VoucherCodes has broken down the expected consumer spending across categories in a new study, which also forecasts how much is likely to be spent at the different stages of the tournament.Read more >>
Education Secretary Damian Hinds has decided to clamp down on agencies that he believes overcharge schools for advertising vacancies and trying to recruit new staff members in a bid to save money and allow teachers to stay focused on their main priority.
Supply teachers are relied on by many schools at some time during the school year in order to cover both long and short-term vacancies, and schools often have to pay for advertisements in order to recruit necessary staff members. They are often charged very expensive finder’s fees by agencies if head teachers decide to give their supply staff permanent positions. These agencies often do not make clear the full nature of their fees in addition to the basic wages that are given to supply staff.Read more >>
CYBG, the owner of Clydesdale and Yorkshire banks, has reportedly given Virgin Money a revised offer of £1.7bn in order to merge and create a challenger bank that would be worth £4bn.
CYBG’s interest in Virgin Money surfaced early last month, when a preliminary approach was made by the company, which valued the latter at £1.6bn, offering 1.1297 of its shares in return for all shares of Virgin Money.Read more >>
The Chartered Institute of Management Accountants (CIMA) has decided to enter into an agreement with the Institute of Chartered Accountants of Nigeria (ICAN) in regards to the establishment of a new academic research centre for accountants that would be able to contribute to the various economies on the continent and deliver high-quality work.
ICAN’s President Ismail Zakari stated on Monday at the Memorandum of Understanding signing in Abuja that the two bodies have already been in discussion regarding areas in which they can cooperate, including reciprocal collaboration that would allow members of CIMA to become members of ICAN and vice versa.Read more >>
A report from UK banking and financial services trade association UK Finance and Big Four accountancy firm EY has shown that consumers in Britain are embracing fintech, with more people using new technology to interact with their bank.
The study showed that more UK consumers are using mobile banking, with the number of log-ins from mobile apps hitting 5.5 billion in 2017, up by 13% from the previous year.Read more >>
UK financial regulatory body UK Finance has urged banks to use new technologies, such as artificial intelligence and machine learning, to fight cybercrime.
Discussing the issue in a speech at the FCA’s Cross-Border Anti-Money Laundering TechSprint, the regulatory body’s executive director of supervision - investment, wholesale and specialist, Megan Butler, stated that technology is crucial to the protection of institutions when it comes to financial crime.Read more >>
A report from accountancy, tax and investment firm Smith & Williamson has shown an increase in the number of scale-up businesses in the UK.
The study, entitled Dream bigger: the scale-up moment, found that young entrepreneurs are the main driver of growth in scale-up businesses, with more than 40% of these businesses being founded by people aged 34 and under.Read more >>
A report from banking and financial services sector trade association UK Finance and management consultancy Parker Fitzgerald has highlighted the importance of financial services firms making operational resilience a priority as they adopt new technologies.
According to the study, the speed at which technology is advancing is creating new non-financial risks in the financial services sector and so businesses need to address these risks in order to protect themselves from new threats.Read more >>
A report from UK financial and related professional services membership body TheCityUK and Big Four accountancy firm EY has highlighted the importance of attracting and retaining talented workers after Brexit.
The report, which was previously a draft version but has now been released in full, includes a number of recommendations to help protect London’s status as a financial centre after the UK has exited the EU, including an improved immigration system.
Read more >>
A report from industry analyst CACI has predicted that more consumers will be banking via a mobile app instead of from a computer by 2019.
The study showed that more than 20 million people used a mobile phone to manage their account in 2017 and predicts that 35 million adults in the UK will be banking via a mobile by 2023.Read more >>
A survey from global professional services firm Genpact has shown that customers want access to both new technologies and personal services from traditional banks.
The study surveyed 6,000 people globally, including 2,029 UK-based banking customers, and found that while more than one in four would be comfortable with using technologies, such as digital assistants, to open an account, more than 50% believe that opening an account is easier when done face to face at a bank branch.Read more >>
Britain’s global banks are calling for a special UK visa waiver for workers after the UK exits the EU to help protect the City of London’s status as a leading financial centre.
The suggestion is one of the key recommendations in a report from UK financial and related professional services membership body TheCityUK and Big Four accountancy firm EY.
Read more >>
Spanish bank Santander is to create a standalone digital bank in the UK to help more SMEs to achieve success and give the bank a bigger online presence.
The move comes after Royal Bank of Scotland announced that it would be launching a separate brand, with both banks looking to compete with the digital services offered by fintech start-up companies such as Tandem Money and Monzo.Read more >>
A study from private investment platform Capitama has shown that fintech is now the most popular sector when it comes to investment, with 70% of high-net-worth and professional investors looking to invest in fintech opportunities.
The research also showed that more than 65% of high-net-worth and professional investors are interested in software and technology deals.Read more >>
The Institute of Chartered Accountants in England and Wales (ICAEW) has issued a checklist to help accountants follow the General Data Protection Regulations (GDPR).
All European Economic Area (EEA) countries and those who trade with them, including accountants and accountancy firms, will be required to comply with GDPR, which will be put into action on 25th May 2018.Read more >>
HSBC has become the first big bank in the UK to launch an Open Banking app after more than six months of testing a beta version.
The app, which is called Connected Money, follows PSD2 and Open Banking regulations, which require banks to provide third parties with access to consumers’ financial data with their permission.Read more >>
Research from UK and offshore company formation agents Turner Little has revealed the top priorities of global banks in 2018.
The company analysed the “Global Banking Outlook 2018” report from professional services and Big Four firm EY, which surveyed 221 financial institutions across 29 markets and found that bankers are feeling positive about boosting their financial performance this year.Read more >>
The latest Business Confidence Monitor (BCM) from the Institute of Chartered Accountants in England and Wales (ICAEW) has shown that business confidence in the UK has reached its highest level in two years.
The BCM surveyed more than 1,000 chartered accountants between January and April 2018 and found that confidence increased to 7 points in the second quarter of the year, up from -1 in the first quarter, whilst optimism amongst companies that are exporting also increased.Read more >>
A new study from management consulting firm Accenture has shown that trust in UK banks has reached its highest level since 2012.
The company’s UK Financial Services Customer survey 2018 surveyed more than 4,500 people in the UK who use banking, wealth management and insurance services and found that consumer trust in banks has increased over the past couple of years, rising by 11%.Read more >>
A study from money management app Yolt has shown that more consumers in the UK are using financial apps to help them keep control of their finances.
The research showed that 70% of UK consumers are now using financial apps, up from nearly 40% in 2016.Read more >>
British Business Bank is to provide support for small businesses in the UK by taking its CRM system to phase two.
The system will provide small businesses with more access to financial markets, enabling them to grow their company, create more jobs and boost the UK economy.Read more >>