Author: Scott Dylan

A recent survey reveals that baby boomers are the most overconfident generation, surpassing Gen Z and millennials.Conducted by the Behavioural Insights Team, the survey examined calibration and overconfidence among over 2,000 adults.Key findings show 81% of all participants exhibit overconfidence, misunderstanding their knowledge and accuracy.Generation-specific results highlighted baby boomers at an 84% overconfidence rate, compared to 75% of Gen Z and 79% of millennials.The implications of these findings are significant, affecting decision-making across various sectors, including politics and economics.The Behavioural Insights Team’s survey explored the calibration and overconfidence of over 2,000 adults, revealing stark generational differences. Calibration measures the gap…

Marks & Spencer is testing a new retail concept by opening its first clothing and beauty store at Battersea Power Station this autumn.This decision marks a significant departure from its traditional format, as the new store will not include a food section.The initiative is part of a broader £30m investment into Marks & Spencer’s London-based stores.Primark and New Look are also ramping up their investments in physical store portfolios.This strategic move highlights a wider retail trend of revitalising in-store experiences.Marks & Spencer is embarking on a novel retail strategy by opening its inaugural clothing and beauty store at Battersea Power…

A disciplinary tribunal has sharply criticised the Bar Standards Board (BSB) for its handling of a prosecution against a barrister who presented clear medical evidence explaining her difficulty in staying awake during an online inquest.Ramya Nagesh, a barrister called in 2008 and practising from Gray’s Inn Square, faced allegations from the BSB after she struggled to participate actively in an inquest at Pontypridd Coroner’s Court. During the lunch break, Ms. Nagesh had fallen asleep due to an undiagnosed medical condition characterised by excessive sleepiness, as confirmed by medical reports from Dr. Neil Munro, a consultant neurologist.The tribunal, led by Her…

A significant ruling has been made as Judge Cawson expressed apprehension about the independence of a law firm’s administrator, leading to a reconsideration of their fees.His Honour Judge Cawson has set aside his previous order for the payment of a law firm’s administrator due to newfound evidence that raised concerns about the impartiality of the decision. While not making a definitive judgment on the conduct of Steven Wiseglass, a director at Inquesta Ltd, the judge acknowledged the presence of credible evidence suggesting that Mr Wiseglass may have acted with unwarranted leniency towards the law firm’s owner, Mr Michael Taylor, thereby…

British retailers are witnessing price deflation for the first time in nearly three years, with a recorded drop to 0.3% in August.Non-food goods saw significant deflation, decreasing to -1.5% due to substantial summer discounts.Food inflation also eased off, dipping to 2.0% in August, continuing a downward trend from previous months.This deflation comes amidst a challenging summer trading period marked by poor weather and economic pressures on consumers.Retailers anticipate potential inflationary pressures due to climate change and geopolitical events.British retailers have experienced deflation for the first time in nearly three years, as shop prices fell to 0.3% in August, following a…

Discover how iOS 18’s AI-driven features will transform iPhone interaction, offering enhanced personalisation and privacy safeguards.Apple collaborates with OpenAI to integrate ChatGPT into Siri, signalling a significant leap in AI capabilities for iPhones.iOS 18, launching with the iPhone 16, introduces cutting-edge tools like improved writing assistance and email summarisation.Apple prioritises privacy with on-device data processing, but some cloud requests may risk data exposure.Participation in Apple Intelligence is optional, ensuring users control the integration of these AI features.At the forefront of Apple’s latest advancements is an enhanced version of Siri, powered by a collaboration with OpenAI, the developers behind ChatGPT. This…

A call for a 1% wealth tax is being made by Unite to support public sector pay and NHS recruitment.This proposal seeks to implement a significant 10% pay increase for public sector employees.The motion will be discussed at the TUC conference, revealing potential tensions with Labour leadership.Unite estimates a generation of £25 billion annually from the proposed tax on assets over £4 million.The suggested tax reflects rising demands from various unions for substantial investments in public services.Unite has proposed a notable 1% tax aimed at individuals whose fortunes exceed £4 million to fund essential public services. The initiative seeks to…

Shein has taken decisive action after identifying cases of child labour within its supply chain, as detailed in its 2023 Sustainability Report. The discovery led to significant policy changes to prevent future occurrences. The policy updates aim to ensure immediate termination of suppliers found engaging in unacceptable practices. Consequences for identified suppliers included remediation requirements.In 2023, Shein discovered instances of child labour at two suppliers, prompting immediate action.Suppliers were required to address the issues within 30 days, including paying outstanding wages and arranging medical checkups.Policy changes now mandate instant termination of business with suppliers found violating child labour policies.This development…

British Steel announces plans to cut 2,500 jobs, sparking significant concern.The company aims to close Scunthorpe blast furnaces despite receiving £600 million in taxpayer support.British Steel may replace Scunthorpe steel production with imports from China, potentially ending large-scale UK steel production.Union leaders express outrage over the job cuts, emphasising the lack of consultation with workers.Government decisions on British Steel’s future plans remain pending, leaving the industry in uncertainty.British Steel has announced a plan to eliminate 2,500 jobs, leading to significant concern among stakeholders. This decision comes despite the company receiving £600 million in support from taxpayers aimed at facilitating a…

Matilda Ashley, daughter of billionaire Mike Ashley, has been appointed as a director of Mash Holdings.Mike Ashley’s retail empire is closely tied with family connections, drawing attention in governance circles.Matilda Ashley previously resigned from her role at Double Take, a beauty business tied to Frasers Group.Concerns over nepotism arise as family members hold key roles in Frasers Group.Frasers Group has expanded significantly since its inception, despite recent leadership changes.Matilda Ashley has taken on a significant role within Mash Holdings, highlighting the influence of family in Mike Ashley’s vast business operations. Her appointment as director comes after she stepped down from…