Goldman Sachs' boss wants bankers back to their desks ASAP

The corporate world is becoming split over home working, with David Solomon branding it ‘an aberration’ The chief executive of Goldman Sachs has signalled his determination to get his bankers back behind their office desks, calling home working an “aberration” that must be corrected “as soon as possible”. While the bank operated successfully throughout […]

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Number of UK workers on Covid furlough scheme rose to 4.7m in January

Additional 700,000 people were away from work, with women, young adults and hospitality staff worst hit Coronavirus – latest updates See all our coronavirus coverage The number of furloughed workers in the UK rose by 700,000 to 4.7 million in January, during the third Covid lockdown, according to official figures showing employees in hospitality, […]

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Covid and the climate crisis show why we need a new social contract between old and young | Minouche Shafik

The burden to pay for people in retirement is too great on those facing debt, job insecurity and an uncertain future Covid-19 continues to bring many inter-generational tensions to the fore. Older people bear the brunt of the disease’s impact on health; younger people have to make economic and social sacrifices to protect them. […]

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UK businesses plead for further support in run-up to budget

Britain suffering worst economic damage since Covid crisis began, analysis shows Coronavirus – latest updates See all our coronavirus coverage Rishi Sunak is preparing to deliver next week’s budget with the British economy at a pivotal moment before lockdown is relaxed, with businesses and workers still under severe strain, according to a Guardian analysis. […]

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Sunak’s budget needs to focus on business investment, not just government spending

Without fit and competitive firms, there will be no lasting recovery from the Covid crisis Coronavirus – latest updates See all our coronavirus coverage Each year, people like me will tell you that the upcoming budget is the most important in living memory; that the government must grab the bull by the horns to […]

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Tax abuse and money laundering is trapping billions in poverty, says UN

Report claims up to 10% of the world’s wealth could be hidden offshore and calls for global banking reform Billions of people around the world are being trapped in poverty by systemic tax abuses, corruption and money laundering, according to a UN commission report calling for a global crackdown. The UN panel on financial […]

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Lloyds and HSBC are shedding office space … did they have too much to begin with?

Why there may be more to the announcement of Covid-inspired cuts than meets the eye Here comes another bank that has decided, apparently definitively, that working practices will not return to their pre-pandemic norms. Lloyds Banking Group says it plans to shed 20% of its office space. Earlier this week, HSBC said it would […]

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