Author: Scott Dylan

Potential repercussions loom as Labour’s proposed tax reforms concerning non-doms draw attention.Oxford Economics warns of a potential £1bn cost to Labour due to non-dom departures.The reforms aim to shorten non-dom tax exemptions from 15 to 4 years, beginning April 2025.A study reveals 63% of non-doms are considering leaving the UK, risking a £0.9bn revenue loss.Concerns mount over inheritance tax changes, affecting non-doms’ UK investments.The proposed non-dom tax reforms have sparked considerable debate regarding their implications for the UK’s economic landscape. Oxford Economics has highlighted a potential £1 billion cost to Labour, resulting from wealthy individuals choosing to leave the country.…

Oxford Economics warns Labour’s non-dom tax reforms may backfire, costing the UK up to £1 billion.The reforms shrink tax benefits for non-dom residents from 15 to 4 years, raising concerns about their economic impact.Oxford Economics forecasts a possible 32% drop in non-dom population, significantly affecting tax revenues.A survey indicates 63% of non-doms consider leaving the UK due to the impending reforms.Inheritance tax changes are a major concern, potentially prompting a migration of wealthy individuals.Oxford Economics has expressed concern that Labour’s proposed reforms to the non-dom tax system could result in significant economic repercussions for the United Kingdom. The think tank…

Cirata’s journey towards recovery is seeing signs of progress, albeit clouded by deal slippages.Interim results show an increase in revenues and reduction in losses, despite challenges.Efforts are concentrated on reducing annual costs and achieving demanding booking targets.Leadership is keen on mitigating the impact of deal delays on business recovery.The company’s restructuring is supported by a significant equity fundraise aimed at cashflow stability.Cirata’s leadership team, under Stephen Kelly, acknowledges the complexities faced in rebuilding from WANdisco’s challenges. A steadfast focus on restructuring has shown growth in revenues, increasing to $3.4m (£2.5m), and a decrease in statutory losses to $8.6m (£6.5m). Despite…

CAB Payments, listed in London, faces a challenging start to 2024 with a significant profit decline.The firm’s pretax profit dropped 43% to £13.7m for the first half of the year due to adverse currency movements.Earnings per share fell from 6.1p to 4p, reflecting tougher market conditions.Despite challenges, transaction volumes increased by 4%, highlighting some operational resilience.CAB Payments is focusing on a revised strategy to navigate current market volatility and enhance growth.CAB Payments, a London-listed firm specialising in foreign exchange and cross-border payments for ‘hard-to-reach markets’, reported a substantial decline in profits for the first half of 2024. The pretax profit…

Barristers are set to undertake a significant new responsibility aimed at promoting equality, diversity, and inclusion (EDI), following a regulatory overhaul by the Bar Standards Board (BSB). The BSB has proposed this new positive duty, marking a shift from the existing obligation where barristers were prohibited from unlawfully discriminating against anyone.This change intends to foster a behavioural and cultural transformation within the profession, particularly focusing on recruitment, retention, and progression. The BSB introduced new outcomes-based general equality rules alongside the duty, obliging barristers to eradicate unlawful discrimination and actively promote equal opportunities.Barristers are required to combat bullying, harassment, and victimisation,…

Recent proposals set forth by CILEx Regulation Ltd (CRL) aim to significantly transform the legal service landscape by mandating enhanced transparency practices among law firms.Under these new rules submitted to the Legal Services Board (LSB), law firms regulated by CRL will be required to publish comprehensive price and service information for all legal services they offer. Additionally, firms must link their digital platforms to the Legal Ombudsman (LeO) to facilitate consumer access to pertinent decisions. The initiative seeks to address the informational discrepancies between legal providers and the public, thus enabling individuals to make more informed decisions regarding their legal…

Burberry welcomes significant changes in its senior leadership team to strengthen its global presence.Jonathan Kiman, previously with Gucci, is named Burberry’s Chief Marketing Officer, starting 9 September.Laura Dubin-Wander takes the helm as President, Americas, beginning 4 September, bringing a wealth of experience from top fashion brands.These appointments aim to rejuvenate the Burberry brand and boost its marketing prowess.The changes follow a significant revenue slump, reflecting the need for strategic leadership adjustments.Burberry is undergoing strategic restructuring with the appointment of Jonathan Kiman as the new Chief Marketing Officer. Kiman joins Burberry from Gucci, where he served in senior roles, including the…

A recent webinar explored the evolving dynamics of ecommerce deliveries.Fashion retailers face the challenge of meeting urban consumers’ high expectations for fast and versatile delivery options.Sustainability and profitability remain key concerns for businesses striving to maintain competitive delivery services.Experts from Selfridges and Reskinned discussed strategies for enhancing customer satisfaction through agile deliveries.The potential of using stores as mini fulfilment centres was highlighted as a future-forward delivery method.A recent insightful webinar delved into the rapidly changing landscape of ecommerce deliveries, particularly in urban settings. As online shopping becomes an integral part of consumers’ lives, the expectation for swift and adaptable delivery…

Opencast strengthens its Government ties with a significant new contract from the Department for Work and Pensions (DWP).The £32 million contract is one of the largest single agreements for Opencast, spanning two years.Opencast will leverage its expertise in product delivery, analysis, and accessibility to support ‘citizen-facing’ services for DWP Digital.This deal enhances Opencast’s position, following a period of significant growth and expansion across the UK.With ambitions to reach £100m in revenue by 2026, Opencast continues to expand its footprint and services.Opencast, a technology consultancy based in Byker, has secured a landmark £32 million contract with the Department for Work and…

As remote working becomes the norm, ‘ghosting’—where individuals ignore emails and messages—is rising, causing concern among professionals.Research conducted by Dr Jenni Kantola has highlighted an increase in workplace ‘ghosting’.People are overwhelmed with communication, leading to intentional disengagement from colleagues.This phenomenon is perceived as disrespectful and confusing by those affected.The findings were presented at the British Academy of Management’s recent conference.In an era where remote work is increasingly prevalent, the phenomenon of ‘ghosting’, traditionally associated with social settings, is now permeating professional environments. Dr Jenni Kantola, from the Jyväskylä University School of Business and Economics, conducted interviews with Finnish remote workers…