Minimum Global Tax of 15% The G-7 countries, which includes the UK, has agreed to back a minimum global tax of 15% for corporations. It has been indicated that this landmark move has been approved in order to raise funds for pandemic-hit governments from, in particular, tech giants who have mainly financially benefited from global lockdowns. Meanwhile, the UK’s corporation tax rate has already sat at 19% for a relatively prolonged ...
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Countries across Europe are planning for life after the pandemic – but how can businesses best optimise their credit management with the challenges ahead? Intrum’s annual European Payment Report 2021 paints a mixed picture of the economy after Covid. The crisis has had a major impact on business, but many are looking to the future with fresh energy and optimism. The British-Swedish Chamber of Commerce, in cooperation with Intrum, invited members ...
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Handelsbanken, a BSCC Patron member, has released its report into the current Swedish property market which revealed that the last year experienced substantial nationwide changes. For home owners there was good news: the average detached house increased by approximately SEK 1 million compared to the previous year. However, those aspiring for larger homes, or planning to join the property market, face hurdles in metropolitan regions with 7 in 10 new ...
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UK Consumer Trends Britain’s second-largest supermarket, Sainsbury’s, has released it’s data on UK consumer spending insights. The data showed that optimism around the UK economy has risen sharply to a peak of 49% of the public believing that the general economic situation will “get better” in the next six months. As expected, this coincides with the perception of the economic situation getting “worse” being stated by just 29% of shoppers- by ...
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The British-Swedish Chamber of Commerce, in cooperation with AmCham Sweden and Cirio Advokatbyrå, hosted this virtual seminar about Foreign Direct Investments (FDI), from a Swedish and International Perspective on 14 June 2021. At this seminar, we talked about the FDI Rules in the Nordics, the UK, and the U.S., the policymakers' approach to FDI, the consequences of national FDI Rules which differ in substance in most countries, the political agenda, ...
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A firm majority of customers, 82%, give Accountor a ‘high rating’ after the company has focused upon developing the contact people have with them. The business has the objective of creating and fostering a good relationship between consultants and customers which is first, and foremost, achieved through proactive communication. Accountor is experiencing a continued trend in digitalisation and has been working on further developing systems (including: usability, integrations, improvements, reports and ...
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Rothschild & Co, a BSCC member, have delivered their highest quarterly revenue for their Global Advisory department in Q1 of 2021. Turnover was up 47% to €394.9m for the first three months of the year which highlighted a significant improvement from the €269.1m generated in the same period last year. Assets under Management were also up 7% (€83.6bn) due to record Net New Assets in Wealth Management and a healthy ...
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Green Economy The Confederation of British Industry (CBI) has said that the UK must put divisions over Brexit behind them and focus upon building a fairer, greener economy. The CBI are now launching their own “landmark” plan, called ‘Seize the Moment’, for the next decade which they believe will drive a further £700bn of economic growth by 2030. This report specifically focuses on the UK government’s policy agenda of addressing geographic ...
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Ragnar Agnell at Centigo, a BSCC Patron Member, has written a recent commentary on the challenges of post-Brexit supply chains. His piece discusses some of the immediate costs which may come as a result of the UK leaving the EU due brokerage fees, increases in transport rates and/or higher raw material prices. All of these processes are non-value-adding activities which have reduced the focus upon supply chain optimisations. The rise ...
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RiskPoint, a BSCC Patron Member, has established a new Business area this month to facilitate more financial requirements. The ambitious move has started in Sweden but will eventually expand to the greater Nordics before entering into other territories. RiskPoint is a European based Insurance Managing General Underwriting (MGU) agency with a focus upon quality, compliance and driving efficiencies which will mutually benefit this new expansion. The new Business area will allow, ...
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