X

X

Mortgage & Property

New Insurance Professional

Family Office Bulletin

Advertise

Mortgage Property

Insurance Professional

Family Office

Tuesday newspaper round-up: Cash payments, supermarkets, Covid relief

(Sharecast News) – More than a third of shoppers have been blocked from paying with cash since the start of the Covid crisis, prompting calls for urgent action to protect the millions who rely on the UK’s “critically endangered” cash network. The consumer group Which? said mixed messages about the safety of cash was partly to blame. The Bank of England has since clarified that “any risk from handling cash should be low”, especially when compared with touching shopping baskets, self-checkout screens or products in stores. – Guardian
Supermarkets face increased inspections from local councils to make sure they are Covid-19 secure amid a push from the government to clamp down further on coronavirus transmission. Local government officials have been asked by ministers to target the largest supermarkets for inspection to ensure companies are enforcing mask wearing, social distancing and limits on shopper numbers. – Guardian

Britain could be spared a massive tax raid if the economy bounces back strongly as vaccines are rolled out, a Treasury minister has said. Jesse Norman raised hopes that the country can get back on its feet without the burden of crippling extra levies to pay for an unprecedented peacetime borrowing spree which has funded the fight against Covid. If households and businesses burst out of lockdown and unleash pent-up demand, it could mean the biggest recession in 300 years gives way to a major boom – boosting tax revenues and slashing Government borrowing automatically. – Telegraph

The government is under mounting pressure from business leaders to provide more support to the economy before the budget in early March. The CBI has written to Rishi Sunak, the chancellor, calling for the furlough scheme, the business rates holiday and the deferral of VAT to be extended until at least the summer. Tony Danker, director-general of the lobby group, said that business resilience was at a “sobering new low” and added that staff morale had taken a hit from the latest lockdown restrictions. – The Times

Bosses of big businesses will be asked to commit personally to settling small suppliers’ bills in no more than 30 days as part of an overhaul of a government-backed scheme that promotes fair treatment of supply chains. About 3,000 signatories of the Prompt Payment Code will be told that they will need to pay 95 per cent of invoices from small companies within 30 days if they are to remain on the programme. – The Times

This Week’s Most Read

  • Investing for the year ahead: eight funds and investment trusts for 2022

    The year end is a natural time for people to review their investment portfolios and ensure it is well positioned for the year ahead. Ryan

  • Is your art in the right place?

    By Arthur Byng Nelson, Solicitor and Legal Director at law firm Harold Benjamin. Introduction: Clients with Art For some wealthy individuals a great deal of

  • SJP celebrates its 1000th Chartered Financial Planner

    St. James’s Place (SJP) celebrates surpassing its 1000th adviser to achieve Chartered status. Former law graduate, Molly O’Donnell, came into SJP via the Academy and,

  • Invesco: Outlook for ESG in 2022

    By Cathrine de Coninck-Lopez, Global Head of ESG at Invesco. I have every reason for optimism in 2022. There is clear progress in the environmental,

  • Silent Cyber: a threat for financial advisers?

    By Chris Davies, Executive Director & Co-Lead of IFA Business Unit at Howden The way many of us work has seen a fundamental shift since

  • 7IM partners with Door to strengthen regulatory and stewardship strategies

    7IM today announces that it has partnered with Door, a company dedicated to improving due diligence processes, in a move that will assist the firm

  • Selling the family-owned business: Key considerations for families looking to sell and protect the family legacy

    By Richard Lane, partner in the Corporate and Family Business team at leading law firm Farrer & Co. For a family business owner, the smooth

  • AJ Bell Active v Passive Report 2021

    Only a third of active equity funds (34%) beat a passive alternative this year, according to our latest Manager versus Machine report Active outperformance was

  • The Fall and Rise of Structured Products

    In this episode Ian Lowes, the founder of Structured Products Review, speaks about why the pre-packaged investment strategy is so misunderstood, and how so many

  • Square Mile Academy of funds report ratings round up for November

    Five new ratings, including three Responsible ratings One rating upgraded One fund reintroduced to the Academy of Funds Analysts at Square Mile Investment Consulting and

Keep updated on the most important financial events 

Make sure you are an informed

wealth professional..

Adblock Blocker

We have detected that you are using

adblocking plugin in your browser. 

IFA Magazine