Government calls on P&O to explain staff sackings
Following the mass redundancy and dismissal of employee workers of P&O this week the Business Secretary Kwasi Kwarteng and the Labour Markets minister Paul Scully, have and written to the chief executive of P&O, Peter Hebblethwaite to remind him of P&O’s legal obligation in ending staff’s employment and reminding him Continue Reading
Government calls on P&O to explain staff sackings
Following the mass redundancy and dismissal of employee workers of P&O this week the Business Secretary Kwasi Kwarteng and the Labour Markets minister Paul Scully, have and written to the chief executive of P&O, Peter Hebblethwaite to remind him of P&O’s legal obligation in ending staff’s employment and reminding him Continue Reading
Economic Crime Bill – Will it solve the ‘dirty money’?
This week the government passed the first of two laws to stop the rich and powerful from hiding dirty money and dodging tax. The Economic Crime Bill was rushed through the House of Commons on Monday. It will start to reduce the attractiveness of the UK as a welcome location Continue Reading
The MadBird ‘JobFish’ Con
The Zoom meeting was called to welcome the growing company’s newest recruits, and Ali Ayad wanted everyone to be ambitious hustlers. In a fake meeting on Zoom , fake people were listed as participants. The BBC spent a year investigating what happened. Chris Doocey, a 27-year-old sales manager based in Continue Reading
The Paradise Papers : Show Me the Money!
One day, we may see the first trillionaire, and economists have previously estimated that in 2017, total offshore funding was between $ 30tn and $ 50tn, probably more than the annual GDP of China and the United States. Conservative estimates of offshore funds are valued at $ 11.5 trillion, which Continue Reading
Cost of Living Crisis: Prices Rise While Pay Falls
ONS warms of falling wage increases amid the cost of living The UK wages continue to lag behind the cost of living, but the unemployment rate has dipped to 4.1% and job vacancies hit a fresh record high. Wages increased, but when inflation is factored in, income is down 0.8 Continue Reading
The Rise of the CBDC market
A central bank digital currency is a new form of money that does not exist in a traditional reserve account. CBDCs are presently mostly in the hypothetical stage with some in proof-of-concept programmes. China’s digital RMB is the first digital currency to be issued by a major economy. Central banks Continue Reading
FCA Tightens “Buy Now Pay Later” Policies on Consumer Debt
Britain’s financial watchdog said on Monday it had told four “buy now pay later” firms (“BNPL”) to change their contracts after identifying “potential harms” to consumers. BNPL firms, which are unregulated, typically offer on-the-spot interest-free short-term loans that spread payments for retail goods like clothing. The market more than trebled Continue Reading