Advert Costs – Gutenberg http://gutenberg.tv/ Sat, 25 Sep 2021 13:53:31 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://gutenberg.tv/wp-content/uploads/2021/05/gutenberg-icon-150x150.png Advert Costs – Gutenberg http://gutenberg.tv/ 32 32 Jason Hollands: Dividend tax hike will hurt the businesses that are the backbone of the UK economy http://gutenberg.tv/jason-hollands-dividend-tax-hike-will-hurt-the-businesses-that-are-the-backbone-of-the-uk-economy/ http://gutenberg.tv/jason-hollands-dividend-tax-hike-will-hurt-the-businesses-that-are-the-backbone-of-the-uk-economy/#respond Sat, 25 Sep 2021 04:01:40 +0000 http://gutenberg.tv/jason-hollands-dividend-tax-hike-will-hurt-the-businesses-that-are-the-backbone-of-the-uk-economy/ The UK government’s announcement earlier this month that both National Insurance (NI) and dividend tax rates are set to be increased by 1.25% in tax year 2022 / 3 to fund health and social care costs has certainly proved controversial.

Most of the attention has been focused on the rise of NI, given that it was a violation of a Tory manifesto commitment and its impact will be widely felt by employees and businesses alike.

However, raising the dividend tax rate will also be painful, especially for the millions of small business owners across the UK, many of whom earn low wages but pay themselves dividends. Small businesses are the backbone of the economy, but many owners will feel that they are increasingly in the crosshairs of the government.

The rise in dividend tax rates appears to be specifically designed to prevent business owners from trying to mitigate the increase in the NI by potentially reducing the amount they receive in wages, where national insurance is. will apply, in favor of dividends, where this is not the case.

While some may view the government’s move as a fair attempt to counter tax planning, it should be remembered that NI is paid by both the employee and the company. Self-employed workers paying a salary are therefore in reality asked to pay the new social charge twice.

And although dividends are not subject to NI contributions, they are paid out of profits which are subject to corporation tax. Dividends as a source of income for small business owners are therefore effectively double taxed.

The increase, which will see the dividend tax rise next year from 7.5% to 8.75% for taxpayers at the base rate, from 32.5% to 33.75% for those taxed at the higher rate and 38.1% to 39.35% for taxpayers at the additional rate, is just the latest raid on dividends.

In 2018, the UK government reduced the annual allowance on which dividend income can be received tax free from £ 5,000 per person to £ 2,000.

The combination of the reduction in the allowance and the impending increase in dividend tax rates means that a base rate taxpayer receiving £ 10,000 in dividends will have increased from £ 375 between 6 April 2016 and 5 April 2018, when the allowance was higher, to £ 700 from the following tax year.

Likewise, a higher rate taxpayer with £ 10,000 in dividends will end up paying £ 2,700 in tax per year, up from £ 1,625 before April 5, 2018. This represents an effective increase of 86.7% in the amount of tax paid on £ 10,000 of dividends. for the basic rate taxpayer and 66.1% for the higher rate taxpayer within four years.

While the squeeze will be hard hit by owners of small private businesses, investors in publicly traded companies, whether through stocks or equity funds, could also be affected if they received more than £ 2,000 in dividend income. However, unlike owners of private company stocks, they have more leeway to ease the tightening of the noose.

Those who own publicly traded stocks or equity funds in a tax environment should first consider migrating them to Individual Savings Accounts. This is a process known as “Bed and ISA” and involves selling the stocks or funds and buying them back with an ISA, where future dividends will be completely exempt from tax. This is not an option open to private business owners, as unlisted companies cannot be held in an ISA.

In doing so, care should be taken not to incur capital gains tax on the sale of the investment before redeeming it again. Up to £ 12,300 of profit can be crystallized each fiscal year, without capital gains tax, and each adult can invest up to £ 20,000 in an ISA.

Another great option for married couples and civil partners is to trade equity and equity funds to maximize tax efficiency.

These “transfers between spouses” do not trigger a taxable event. This can help married couples and civil partners use two sets of dividend allowances, two sets of capital gains allowances, and two ISA allowances to migrate dividend-paying stocks and investments out of tax reach.

Even when investments remain in a potentially taxable environment, as ISA allowances are already fully maximized, transferring them to one of the spouses who may be subject to a lower tax rate can help reduce the overall tax liability.

Where a person is not subject to tax, in addition to using their £ 2,000 dividend allowance, dividend income may be charged against their annual tax-free personal allowance of £ 12,570.

A little family financial planning can go a long way in protecting dividends from the grip of HM Revenue & Customs.

Jason Hollands is managing director of wealth manager Tilney Smith & Williamson.

Source link

]]>
http://gutenberg.tv/jason-hollands-dividend-tax-hike-will-hurt-the-businesses-that-are-the-backbone-of-the-uk-economy/feed/ 0
Industry misses the mark on tropical marine aquaculture http://gutenberg.tv/industry-misses-the-mark-on-tropical-marine-aquaculture/ http://gutenberg.tv/industry-misses-the-mark-on-tropical-marine-aquaculture/#respond Thu, 23 Sep 2021 22:10:00 +0000 http://gutenberg.tv/industry-misses-the-mark-on-tropical-marine-aquaculture/

It’s an interesting coincidence that the same week that Atlantic Sapphire’s dreams of expanding salmon farming on land literally ignited, Rabobank released a major new report outlining the vast potential of marine aquaculture for support the growth of salmon aquaculture.

Recirculating aquaculture systems (RAS) and offshore farming are both attempts to devise new solutions to the significant geographic and climatic constraints facing aquaculture producers, especially our colleagues in the salmon industry.

Josh Goldman is the founder and CEO of the barramundi breeding group Australis Aquaculture.

Having reached the point where the vast majority of suitable coastal sites are fully exploited, climate risks add a new urgency to the search for potential solutions to support long-term growth in production.

What about the investment and operating costs?

While new approaches to offshore production may have enormous potential, these models, like Recirculating Salmon Aquaculture (RAS) systems, are much more capital intensive than the inshore approach that has boosted the profitability of aquaculture. salmon over the past three decades.

Capital expenditure (CAPEX) per tonne produced for offshore projects identified by Rabobank is two to four times higher than for coastal production.

Operationally, farming in sites exposed to high energy requires new technologies that carry ill-defined risks and uncertain costs. There has been little public analysis to understand them – but pioneer experience suggests that managing essential production flows on offshore farms can be much more difficult and expensive to perform reliably compared to the traditional coastal model. .

The article continues under the ad

Yet unlike the RAS, the offshore model offers no promise of offsetting these higher costs with lower transportation costs.

Given the interactions between physics and biology that define this challenge, I suspect that success will prove to be more achievable for offshore aquaculture than for large-scale RAS salmon, but the time required to develop and refine these offshore technologies and accumulate experience could be considerable.

As Rabobank warns, “Success is not guaranteed.

The promise of the marine tropics

Accepting the need to increase the supply of seafood and living with the risks inherent in scaling up new technologies for salmon farming in new environments, investors may miss out on the bigger prize and the “Handy fruit” represented by tropical marine aquaculture.

The tropics contain the world’s largest stable thermal coastal zone with conditions suitable for aquaculture. They hold great potential for sustainable agriculture without the need to develop fundamentally new, more expensive and risky technologies.

What is required is extensive experience with new species – barramundi, grouper, pompano and others – which have widely accepted consumer profiles, thrive in warm waters, can be produced on a large scale at low cost and with an acceptable risk for investors. When we examine the yield characteristics available today in aquaculture, we do not see comparable opportunities or as much potential for growth as in the tropics.

When salmon farmers visit Australis farms in central Vietnam, they are often shocked to find themselves in such a familiar setting.

And that is precisely the point.

We benefit from decades of development that have created this proven and highly profitable coastal production model. Applying it to new species in untapped waters may be the best way to ensure aquaculture delivers on its promises for the future.

Source link

]]>
http://gutenberg.tv/industry-misses-the-mark-on-tropical-marine-aquaculture/feed/ 0
Costs related to the liquidation of a deceased estate http://gutenberg.tv/costs-related-to-the-liquidation-of-a-deceased-estate/ http://gutenberg.tv/costs-related-to-the-liquidation-of-a-deceased-estate/#respond Thu, 23 Sep 2021 04:04:37 +0000 http://gutenberg.tv/costs-related-to-the-liquidation-of-a-deceased-estate/

To ensure that there are no lost profits or unforeseen complications, your estate plan should include careful calculations to determine the death costs of your estate. Estate planning being a highly specialized field, it is preferable that this exercise be carried out in collaboration with an expert in the matter. Beyond ensuring the solvency of your estate, it is also important to determine whether it has sufficient liquidity to pay its debts, taxes and other financial obligations that may arise from your death.

Estate solvency means that the value of all the assets in your estate is greater than the total combined liabilities of your estate. If your deceased estate is declared insolvent, the Master can order that the estate be liquidated in accordance with the Insolvency Law. On the other hand, estate liquidity means that you have enough cash, or assets that can easily be converted into cash, to cover debts and the costs of administering the estate.

If there is not enough liquidity, the executor may need to realize some assets of the estate in order to meet its obligations, which can lead to complications and unintended consequences. As such, estate planning aims, among other things, to ensure that your estate is both solvent and liquid, and can be liquidated according to your last wishes.

When developing your estate plan, the following costs should be considered:

(i) Tax

It’s important to keep in mind that your tax obligations follow you to the grave, and one of the first jobs of the executor is to make sure Sars gets paid what’s owed. There are actually two tax assessments that your executor will need to perform. The “before date of death” valuation must include all income and deductions applicable to the deceased up to the date of death, and the “after date of death” valuation which will include dividends, interest and rental income. accumulated during the liquidation -up process until the Master has formally approved the liquidation and distribution account.

When preparing your estate plan, it is essential to determine whether your estate is subject to inheritance tax. Inheritance tax is tax paid on the taxable estate of the deceased person and is charged at a rate of 20% on the first 30 million Rand and 25% on anything over 30 million Rand. The taxable estate includes all of your assets and liabilities, less any allowable deductions. The first 3.5 million Rand of the value of your estate is not taxable. If you are the first spouse to die, you can defer this allowance to your surviving spouse who will then benefit from an allowance of R7 million in inheritance tax upon his death.

When you have left property to your surviving spouse, no inheritance tax will be levied on the property. Remember that funds held in retirement annuities, pension funds, provident funds or life annuities are not part of your deceased estate, assuming contributions to these funds are a tax deduction.

(ii) Claims against the estate

Paying off all debts and debts in your estate is one of the first tasks of the executor, knowing that the settlement of estate debts takes place before the heirs or beneficiaries receive their inheritance. As soon as the executor has been officially appointed, he must open an estate bank account and place an Section 29 ad in the local newspaper and government Gazette. The purpose of this announcement is to inform debtors and creditors of the deceased estate, giving them 30 days to submit any claims against the estate. Once the L&D account has been signed, the executor is required to place an Section 35 advertisement in the local newspaper and government Gazette, and the account will be opened for inspection at the Magistrates’ Court for a period of 21 days. This process provides the opportunity to file any objection, along with reasons, with the captain. Once all the creditors have been paid, the Master will need to determine if there will be a cash shortage in your estate, as a result of which he may have to sell some assets of the estate to meet his financial obligations. – and this can lead to your heirs not receiving the inheritance you intended for them.

(ii) Administrative costs

A number of administration fees may apply to your deceased estate, including:

Funeral and burial costs: The costs of your funeral and burial are the responsibility of your deceased estate, and it’s important to make sure your loved ones have immediate access to the money. Funerals can cost anywhere from R10,000 to R50,000, depending on your wishes and those of your family members, although with the current restrictions of Covid-19, funerals tend to be smaller, more profitable events.

Advertising costs: Your executor will have to advertise for creditors within the meaning of Article 29 of the Law on Administration of Estates, as well as your L&D account within the meaning of Article 35, and the costs of such advertising will depend on the publication used.

Shipping and small: These are likely to cost between R300 and R500.

Bank account in arrears of inheritance: Banks usually charge in the region of R600 to open an overdue estate bank account.

Professional fees: The executor of your estate may need to hire professionals to help liquidate your estate, and these fees will be paid by the estate. For example, if you are married to the accrual system, the executor may need to employ the services of an account to determine the accrual.

Real estate agent commission

Asset maintenance: Any costs incurred for maintaining an asset in the estate will be covered by the estate.

Assessment and expertise fees: When the master insists that any property in the estate be appraised by a sworn appraiser, those costs – along with the appraiser’s travel expenses – will be paid by the estate.

Executor fees: The maximum amount that an executor can charge is 3.5% of the gross value of the estate’s assets, plus 15% VAT. In addition to this, your executor has the right to charge 6% on all income received on behalf of your estate from the date of death until final liquidation, and this includes rental income, interest , dividends, commercial or agricultural.

Master fees: If an estate has a value between R250,000 and R400,000, the master’s fee will be in the amount of R600. Thereafter, the master’s fees are calculated on a sliding scale up to a maximum of R7,000.

Deposit cancellation fees: If your executor is required to cancel a bond on the fixed property, your estate will be responsible for the cost of voiding the bond.

Transfer fee : If real estate from your estate is transferred to an heir, your estate will have to pay the transfer fee according to a sliding scale determined by the Law Society. Note that no transfer tax is payable when the property is transferred to an heir by will or intestate succession.

Customs clearance fees: When your estate has fixed property, your estate will be required to pay the rates and taxes to the municipality five months in advance.

As your personal and financial circumstances change over time, it’s important to make sure your estate plan stays up to date. Ideally, your estate plan should be reviewed as part of your annual financial planning review.

Source link

]]>
http://gutenberg.tv/costs-related-to-the-liquidation-of-a-deceased-estate/feed/ 0
Burger King South Africa sale gets green light http://gutenberg.tv/burger-king-south-africa-sale-gets-green-light/ http://gutenberg.tv/burger-king-south-africa-sale-gets-green-light/#respond Tue, 21 Sep 2021 08:15:08 +0000 http://gutenberg.tv/burger-king-south-africa-sale-gets-green-light/

© Pisit Khambubpha – 123RF

The Competition Commission initially recommended to the Competition Tribunal that it ban the proposed acquisition. As a result, BKSA, Grand Foods Meat Plant and ECP Africa Fund submitted to the Tribunal a request for review and approval of the proposed transaction, subject to revised terms proposed by the parties.

The court approved the transaction on September 17, 2021. This means that ECP, a US-based private equity fund focused on investing in Africa, will acquire Burger King South Africa and Grand Foods Meat Plant – which primarily supplies to Burger King hamburger patties – from Grand Parade.

Conditions to be fulfilled within 5 years

The transaction is subject to the following conditions, which must be fulfilled within 5 years.
Burger King South Africa must:

• Obtain investment of at least R500 million in overall capital expenditure;

• Establish at least 60 new Burger King outlets in South Africa (bringing the total number of Burger King outlets in South Africa to at least 150);

• Increase the number of permanent BKSA employees in South Africa by at least 1,250 historically disadvantaged people

• Increase the total value of all salaries and benefits of the above mentioned 1,250 BKSA employees by at least R 120 million; and

• Improve its rating for the Business and Supplier Development element in its B-BBEE dashboard.

Elimination of the Grand Foods meat plant

Additional merger conditions require Burger King to establish an employee share ownership plan for an effective 5% stake in BKSA.

ECP Africa Fund must also have Grand Foods Meat Plant; and BKSA must enter into a supply agreement with Grand Foods Meat Plant and / or the purchaser of Grand Foods Meat Plant.

Source link

]]>
http://gutenberg.tv/burger-king-south-africa-sale-gets-green-light/feed/ 0
High Court confirms need for clear indication of shifting from “without prejudice” to “open” communications http://gutenberg.tv/high-court-confirms-need-for-clear-indication-of-shifting-from-without-prejudice-to-open-communications/ http://gutenberg.tv/high-court-confirms-need-for-clear-indication-of-shifting-from-without-prejudice-to-open-communications/#respond Mon, 20 Sep 2021 20:28:43 +0000 http://gutenberg.tv/high-court-confirms-need-for-clear-indication-of-shifting-from-without-prejudice-to-open-communications/

The High Court ruled that the protection attached to an e-mail string marked “without prejudice” extended to a subsequent e-mail even if it was not so labeled. The last email was clearly a follow-up to previous emails seeking to resolve a dispute and there was no clear indication that the sender wanted to move to “open” communications. As a result, the recipient’s non-response to this email was similarly protected and could not be invoked: Jones vs. Lydon [2021] EWHC 2322 (Ch).

The court also rejected an argument that parts of the no-prejudice emails did not fall under privilege because the issue they were dealing with was separate from the dispute being negotiated. Just as the court will generally not dissect settlement communications to distinguish between actual admissions / offers and other documents, it will only be in the clearest cases that it will allow dissection to separate unrelated parts. with settlement negotiations.

The ruling is a useful reminder to those engaged in settlement discussions of the need to clarify whether they wish their stated position on an issue to be “open” and be able to be invoked afterwards. Ideally, this would be set out in a separate “open” communication that does not refer to previous protected discussions.

Background

The underlying dispute revolved around whether an agreement reached in 1998 between the members of the Sex Pistols group was still in effect so as to force the first defendant, Mr Lydon (Johnny Rotten), to accept a vote. majority of the other members like to authorize or not the use of the music of the group in an upcoming television series. The other band members and Mr. Button, the legal trustee of the Sid Vicious estate, wished to authorize such use.

The Group Membership Agreement (BMA) included an express provision allowing the majority of members to bind the minority as to the advisability of accepting any proposal to exploit the intellectual property rights of the group. The plaintiffs requested a declaratory measure and an injunction to enforce the BMA for this purpose.

Mr Lydon said the parties had always acted on the basis that any operating proposal required unanimous agreement and that the BMA had no contrary operational effect.

He sought to rely on a chain of emails between the parties and their representatives, in a dispute between them in 2014 over the sharing of proceeds from a T-Mobile ad, and the inability from Mr. Button to reply to the last e-mail in the chain. , as the basis of an estoppel argument. All emails were marked “without prejudice” except the last one in the chain (“unmarked email”).

The other parties argued that the entire email chain, as well as the non-response to the untagged email, was part of the settlement discussions and was non-prejudicial and inadmissible.

As the case had been scheduled for an expeditious trial, the matter-less status dispute was decided during the trial by the trial judge, with the decision rendered in a separate judgment. This article deals only with this question of admissibility.

Decision

The High Court (Sir Anthony Mann) held that all material was protected by the rule without prejudice and could not be relied on.

Dissection

Mr Lydon argued that some parts of emails marked without prejudice could not be properly covered by this protection because they dealt with a topic that was not part of the dispute being negotiated. He argued that the discussion of how the parties should consult with each other in the future on any future business proposal was separate from the controversial question of how the T-Mobile advertising proceeds (and associated costs) should. be distributed.

The judge was prepared to presume, for the purposes of this argument, that it is possible that part of an otherwise protected document could be excluded from protection on the basis that it had nothing to do with settlement negotiations. . However, that would only be in one particular case, where it was clear that a separate topic was being dealt with. The court in Unilever plc v Proctor and Gamble Co [2000] 1 WLR 2436 cautioned that courts should not easily and without special reason seek to dissect a document without prejudice into privileged and non-privileged parts. It would undermine one of the key purposes of the without prejudice rule (allowing parties to express themselves freely when trying to resolve their differences) if they were to monitor their every sentence.

In this case, the tribunal was convinced that the issue of a future consultation regime was not a separate subject but an offshoot of the original complaint and part of the overall dispute that the parties were attempting to resolve. This content has therefore been included in the protection.

The unmarked email

The last unmarked email in the chain was from My Lydon’s legal representative, Mr. Grower, to Mr. Button. This was in response to an earlier (tagged) email from Mr Button in which he attached a copy of the BMA and claimed that he conclusively established the correctness of the Rules of the Law argument. majority. In response, Mr Grower raised a number of issues challenging the status of the BMA, said that “the agreement has nothing to do with this issue because in the past consents are always given unanimously” , and asserted that the other parties were legally foreclosed from now challenging this proceeding.

The tribunal noted that it is well established that once a properly constituted non-prejudice negotiation has begun (which was not in dispute here), it continues on that basis until an intention to deviating from it is clearly marked. It is not open to a party to suddenly change the negotiation into an open negotiation without it being very clear.

The judge found that the unmarked email clearly followed the previous chain of emails and was part of the same discussion. It was specifically stated in response to Mr. Button’s email and dealt with the same subject as the previous discussion.

The only reason to assume that the email could be an open response would be the absence of the “magic words” in the subject line. In the court’s opinion, this was “by no means sufficient to take this letter off the line without prejudice given the clarity that must be demonstrated to achieve this.” If Mr. Grower was serious about opening the letter, he should have done more to report the problem. “

Without prejudice and silence

The plaintiffs argued that Mr. Button’s non-response to Mr. Grower’s unmarked email was also protected and could not be relied on.

The judge referred to judicial diktats confirming that the protection afforded to anything that is said during settlement negotiations includes as much the failure to respond to an offer as it does an actual response. He considered that while Mr. Grower’s email was not an offer to resolve the dispute, it was a firm position taken in the negotiations and was analogous to an offer for such purposes. Non-response was therefore protected in the same way: “… there is no reason why a silence should be treated differently from an offer compared to something else”.

Exception of estoppel

There are a number of exceptions to the without prejudice rule, including where a clear and unambiguous statement is made by one party during discussions that the other party is expected to act on and is in fact acting to their detriment. Such a declaration may be admissible as giving rise to an estoppel. The court considered whether Mr. Button’s non-response to the unmarked email could be claimed under this exception.

The judge mentioned Berkeley Square Holdings v Lancer Property Asset Management [2020] EWHC 1015 (Ch), in which Roth J concluded that a party’s silence in the face of statements made in a without prejudice mediation was a far cry from the “clear and unambiguous statement” required to found an estoppel. He said: “Extending this exception to implied representation by silence would in my opinion undermine the policy served by the WP Rule, as parties seeking to compromise a dispute would then have to be careful to challenge in negotiations any statement made by the other side, which is not an approach conducive to an open and constructive discussion.

Likewise, in the present case, the judge held that Mr. Button’s silence was not at all a clear and unambiguous statement, much less a statement on which Mr. Grower and his client My Lydon were supposed to be ‘to lean on. Therefore, the estoppel exception did not apply.

Source link

]]>
http://gutenberg.tv/high-court-confirms-need-for-clear-indication-of-shifting-from-without-prejudice-to-open-communications/feed/ 0
Conclusion: Experts look into chip issues in the automotive industry http://gutenberg.tv/conclusion-experts-look-into-chip-issues-in-the-automotive-industry/ http://gutenberg.tv/conclusion-experts-look-into-chip-issues-in-the-automotive-industry/#respond Sun, 19 Sep 2021 23:07:47 +0000 http://gutenberg.tv/conclusion-experts-look-into-chip-issues-in-the-automotive-industry/

IH “The just-in-time model is actually essential to the economic function of the industry. I wonder if, within this framework, we will see changes in the geography of production, in that part of the supply from Asia will shift to Europe in order to shorten supply chains. . “

Will there be increases in the price of new cars?

MH “It is too early to tell. The market is still very, very price sensitive. Invariably, if your input costs go up – and it’s not just about selling conductors, as we’ve seen the price of steel go up dramatically over the past year – this will ultimately translate into adjustments. of price. To what extent and when remains to be seen.

Will automakers ever outperform tech companies?

IH “I don’t think automakers of any size will be able to outperform the tech sector, which has higher volumes – and, I would say, more sophisticated demand. But I think one way around that is that there may well be more auto-specific chip production facilities, to achieve greater security of supply. “

THE BOSS OF THE FLEA MANUFACTURER BELIEVES: “YOU HAVE NOT SEEN ANYTHING YET”

Intel is a large, multinational technology company (remember the Intel corporate “bangs” that appeared in every PC commercial?) And is one of the largest semiconductor manufacturers in the world, employing a total of 116,000 people. .

Its CEO, Pat Gelsinger, told a recent conference that “cars become computers with tires”. His take on the current crisis is not encouraging as he thinks that “you haven’t seen anything yet”, pointing out that European semiconductor production has fallen from 40% to just 9% today as a percentage global.

Source link

]]>
http://gutenberg.tv/conclusion-experts-look-into-chip-issues-in-the-automotive-industry/feed/ 0
‘I felt disillusioned’: worker falls into shadow economy as employment dynamics change | Personal Finances | Finance http://gutenberg.tv/i-felt-disillusioned-worker-falls-into-shadow-economy-as-employment-dynamics-change-personal-finances-finance/ http://gutenberg.tv/i-felt-disillusioned-worker-falls-into-shadow-economy-as-employment-dynamics-change-personal-finances-finance/#respond Sun, 19 Sep 2021 03:00:00 +0000 http://gutenberg.tv/i-felt-disillusioned-worker-falls-into-shadow-economy-as-employment-dynamics-change-personal-finances-finance/

The use of this tool and the taking into account of the new realities of employment are perhaps more necessary than ever. On September 14, the Office for National Statistics (ONS) released its latest data on employment levels for September 2021.

The numbers, at first glance, turned out to be positive, with the number of job vacancies from June to August 2021 reaching 1,034,000, the first time that vacancies have exceeded one million since the records began. In addition, from June to August 2021, the number of job vacancies increased by 269,300 (35.2%) during the quarter, as all industrial sectors increased their number of job vacancies, the majority reaching record levels.

However, taking a closer look at the data, Gerwyn Davies, senior labor market adviser for the Chartered Institute of Personnel Development (CIPD), warned that permanent roles were becoming increasingly difficult to find.

“The latest labor market statistics continue to send positive signals on the underlying state of the UK labor market,” she said.

“Employment levels have seen another sharp monthly increase, unemployment is down and there are record vacancies.

However, a closer look at the ONS figures shows that virtually all of the additional jobs since the start of the pandemic have been for temporary staff (up 136,000 or nine percent). increasing labor shortage, the proportion of temporary workers who would like permanent employment rose sharply over the same period (from 134,000 or 34 percent). to one-third (32%) ) of these temporary workers would like permanent employment. ”

Source link

]]>
http://gutenberg.tv/i-felt-disillusioned-worker-falls-into-shadow-economy-as-employment-dynamics-change-personal-finances-finance/feed/ 0
Business Update – Number 71 (September 2021) http://gutenberg.tv/business-update-number-71-september-2021/ http://gutenberg.tv/business-update-number-71-september-2021/#respond Fri, 17 Sep 2021 13:40:25 +0000 http://gutenberg.tv/business-update-number-71-september-2021/

In this edition of Business Update, our roundup of business-critical news and information from the Education and Skills Funding Agency (ESFA):

  1. Pledge and transfer apprenticeship tax funds
  2. Financial incentive payments for hiring a new apprentice or trainee
  3. Launch on September 9: “My learning” accounts
  4. Access the latest versions of learning standards
  5. Fire It Up Learning Campaign – Removed Ads and Music Track

Please share Business Update with your colleagues who would like to subscribe to web alerts. This will notify them via email when we add new editions of Business Update to GOV.UK.

For more information on apprenticeships, you can visit apprenticeships.gov.uk or call 08000 150 600.

Pledge tax fund and apprenticeship transfers

A new service to help companies offer apprenticeships was launched on September 13. This service allows employers who pay apprenticeship tax (those with an annual payroll of over £ 3million) to pledge unspent tax funds (up to their 25% transfer allowance) to support apprenticeships in other companies via a new online service.

All companies will be able to view these transfer opportunities on GOV.UK and apply for funding to pay for 100% of their apprenticeship training and assessment costs (up to the maximum funding tranche).

Financial incentive payments for hiring a new apprentice or trainee

As announced in Budget 2021, businesses in England can apply for financial incentives for apprenticeships, internships and T-levels. As the economy recovers from the impact of Covid-19, these programs will be more important than ever to help companies recruit the right people and develop the skills they need to recover and grow, both now and in the long term.

Apprenticeships – limited time to register for Incentive Payment!

Employers can request a new payment of £ 3,000 for each apprentice they hire as a new employee between April 1 and September 30, 2021. The payment will be made directly to you, the employer, and you can choose how you spend that incentive. It is paid on top of the £ 1,000 you have available for hiring an apprentice aged 16-18 and under 25 on an education, health and care plan or who has been supported by their local authority.

Please note that you must have a learning service account if you wish to request an incentive payment.

Internships

You can also claim £ 1,000 per youth placement (up to 10 incentive payments per employer, per region) for work placements between September 1, 2020 and July 31, 2022. Internships help prepare young people aged 16 to 16. at 24, or 25 with an education, health plan, for a job or apprenticeship.

T levels

In addition, employers can claim an increase of £ 1,000 for each T level they host as part of a high quality industry internship between May 27, 2021 and July 2022. T levels are a new one. Exciting technical program for 16-19 year olds, which is the equivalent of three A Levels.

The increased cash incentives for employers hiring new apprentices is just one of many offers available to employers considering hiring employees, offering work experience, or upgrading existing staff through to various skills and employment programs, such as the Start-up program.

If you would like to learn more about these vacancies, as part of Plan for Jobs, please visit the Employer Competence Center on GOV.UK.

Launch on September 9: “My learning” accounts

This new service will help new apprentices fully understand their learning and the support available. This will help employers and training providers to ensure that all the details are correct and that the onboarding process runs smoothly.

Action: add apprentice e-mail addresses

As of September 9, employer or training provider must add a unique email address when adding an apprentice record to the apprenticeship service, including bulk downloads. This can be the apprentice’s personal, college, or work email address, but not a group email address. Without a unique email address, you will not be able to upload, save or bulk approve the apprentice record, so funding cannot be allocated.

Once the e-mail address has been added to the apprentice’s file, the apprentice will receive an invitation by e-mail to create a “My apprenticeship” account. Although the creation of a “My apprenticeship” account is encouraged, it is not compulsory and will not have an impact on the start date of the apprenticeship or on the financing of your apprenticeship.

Access the latest versions of learning standards

The learning standards describe what an apprentice will do and the skills required of them, by position. All learning standards start with version 1.0. The content of the standards is revised regularly and when changes are made, new versions of the standards are published with an updated version number.

Soon, when you or your training organization add a future apprentice to your learning service account, they will automatically be assigned to the latest version of the learning standard you have chosen, based on the expected start date for the apprentice. You will also be able to upgrade existing apprentices to the latest versions of their learning standards.

This will ensure that your apprentices receive training and assessment in line with the latest industry requirements, and your business can benefit from their up-to-date skills. We will share more details once the new feature goes live.

Fire It Up Learning Campaign – Removed Ads and Music Track

As a result of the ongoing work to integrate government communications for young people on education, training and work, the Department of Education will no longer launch the Fire it Up advertising campaign. Instead, future communications will focus on promoting all of the options available to young people over 16 and over 18 to help them make an informed choice about their future.

As a result of this change, we will not be renewing the license for the music track “Fire it Up” by Busta Rhymes used in the apprenticeship TV commercial. The current license expires in September and we can no longer broadcast advertising or music on channels promoting learning.

If you are currently using it, we would be grateful if you would stop using it immediately.

The blue feather logo that accompanied the campaign is still approved for use in all media, as is the campaign photograph which can still be used on digital platforms (but not on paper).

If you have any questions about using the Fire It Up campaign brand or assets, please contact Marcomms.Mailbox@education.gov.uk.

Support

The UK business helpline number is:

The helpline provides free and impartial commercial assistance and signage services to businesses in England, which currently includes business advice on COVID-19.

You can also find free support, advice and funding sources through your local growth pole Where talk to an advisor on the webchat on supporting your business.

DfE coronavirus hotline: 0800 046 8687

Source link

]]>
http://gutenberg.tv/business-update-number-71-september-2021/feed/ 0
Iconic Dorman Long Tower to be demolished http://gutenberg.tv/iconic-dorman-long-tower-to-be-demolished/ http://gutenberg.tv/iconic-dorman-long-tower-to-be-demolished/#respond Fri, 17 Sep 2021 06:43:46 +0000 http://gutenberg.tv/iconic-dorman-long-tower-to-be-demolished/ The SPECIAL status of the Dorman Long Tower has been removed, paving the way for its demolition.

Campaigners celebrated last week after Teessider Nick Taylor made a successful bid to list the former South Shore coal tower – in hopes it could become a hub for showcasing cultural heritage and industrialist in the region.

Read more: The iconic Dorman Long tower in Teesside WILL be demolished

Enrollment in Grade II also held back the impending demolition of the 1950s tower.

But it has now been stripped of historic England status after an appeal from Tees Valley Mayor Ben Houchen – and intervention by the Department for Digital, Culture, Media and Sport (DCMS).

It is understood that Teesworks executives were hoping to bring down the 180-foot tower in the early hours of Sunday morning as plans for General Electric’s wind turbines at the larger site take shape.

However, that has now been pushed back – with heads of the combined authorities saying it is expected to be razed in the coming weeks.

The tower photographed over the past fortnight Photo: Nick Taylor

TVCA officials said crucial discussions took place over the weekend between Mr Houchen, Historic England and Teesworks bosses to challenge the Historic England list. They claimed the listing cost the taxpayer an additional £ 40,000-50,000 and risked projects for the larger site.

An appeal was filed Sunday evening alongside a request to the Secretary of State for Digital, Culture, Media and Sports.

Mr Houchen said it had been a success – adding that it showed how important the redevelopment of the old Redcar steel plant was to the government.

He also claimed that listing would have cost jobs and investment at the site if the status remained.

Mr Houchen added: “I would like to send a message to those who think that trying to stop these developments is the right thing to do – our legacy does not lie in a decaying coal bunker, our legacy lies in the people. who built this great region.

“It is found in structures that stand across the world, from The Shard, Sydney Harbor Bridge and One World Trade Center.

Two petitions to save the tower were put in place following the emergence of demolition plans.

Charities and activists have argued that it was a monument to Teesside’s industrial past – with concerns about the level of public consultation before the move.

Last week, Mr. Taylor said, “Teesworks appears determined to demolish this iconic structure.

“This building was built in the 1950s by Dorman Long and that name resonates throughout Teesside, the North East, the UK and the rest of the world.

“It is simply vandalism of industrial heritage.”

Read more: Man found dead on Sunderland-Hartlepool railway line

Teesworks bosses pointed to an independent report by Atkins engineers which showed “ongoing and irreversible” damage to the structure meant it could cost between £ 7 million and £ 9million to secure and maintain.

Concrete cracking and weakening as well as “general age-related wear” were also cited – with concerns about demolition costs rising further in the years to come.

The Conservative mayor claimed Historic England officials accepted the listing without seeing the structure itself.

Historic England said its agents visited the site and agreed it deserved Grade II status after the review began.

Correspondence seen by the Local Democracy Reporting Service shows that the new Secretary of State, Nadine Dorries, ruled that the building was “not of sufficient architectural or historical interest to merit listing”.

The Echo of the North:

The Mayor of Tees Valley, Ben Houchen

His letter argued that the building’s loss of fabric reduced its architectural interest – and the building was “essentially a functional structure.”

The tower is near the South Bank Coke Oven Battery on the former Redcar Steel Plant site.

The coke ovens will make way for a new wind turbine manufacturing plant being built by LM Wind, a subsidiary of GE Renouvelable Energy.

Redcar and Cleveland Council said they couldn’t take heritage considerations into account when they ruled on a request to demolish the tower last week.

However, the authority said the subsequent listing overturned its decision.

At the time, Historic England said it advised Grade II status after careful consideration.

A statement from the corps added: “Built by Dorman Long, the Brutalist Tower stands as a confident announcement for this internationally renowned company that dominated Teesside’s steel and heavy engineering industry in the 20th century and has built structures across the world, including Sydney Harbor Bridge.

“The tower is also a rare remnant of the coal, iron and steel industries, erected as a monument to the industrial heritage of Teesside and England in the 20th century.”

Read more: The national success of a teenager on horseback deemed “not good enough” to compete

Historic England has confirmed that the owners of the site have requested an urgent review of the Grade II list – and that its status has been withdrawn by the DCMS.

A spokesperson added: “We were able to visit the site and after further evaluation we confirmed our opinion that the tower deserves to be considered for a Grade II listing.

“However, the DCMS, which makes the decision on all enrollment cases, has decided to withdraw its enrollment status based on updated information on the survival of the tissue and the architectural significance of the exam. .

“Our on-site visit highlighted the previous loss of much of the historic coking plant, as well as the likely costs and ongoing safety risks associated with maintaining the surviving tower.

“We recognize the importance of the public benefits that will flow from the planned remediation and regeneration of the entire Teesworks site.

“We also accept, with regret, that the demolition of the tower is now likely to continue, but we want to continue supporting local partners as the work progresses. ”

Keep up to date with all the latest news on our website, or follow us on Facebook, Twitter and Instagram.

You can also follow our dedicated Teesside Facebook page for all the news in the region by clicking on here.

For all the most important updates from across the region delivered straight to your inbox, sign up for our newsletter here.

Do you have a story for us? Contact our press office on newsdesk@nne.co.uk or contact 01325 505054


Source link

]]>
http://gutenberg.tv/iconic-dorman-long-tower-to-be-demolished/feed/ 0
Five signs your digital ad campaigns are underperforming and what to do about it http://gutenberg.tv/five-signs-your-digital-ad-campaigns-are-underperforming-and-what-to-do-about-it/ http://gutenberg.tv/five-signs-your-digital-ad-campaigns-are-underperforming-and-what-to-do-about-it/#respond Thu, 16 Sep 2021 14:02:15 +0000 http://gutenberg.tv/five-signs-your-digital-ad-campaigns-are-underperforming-and-what-to-do-about-it/ Pay-per-click is often a victim of its success. Even with the most basic setups that work, marketers and agencies can see it as an adaptable solution. However, a closer look often reveals significant waste. Here are five of the most common problems and how to fix them.

1. You struggle to maintain consistent results

Often times, businesses find that the volume of traffic generated by digital marketing is inconsistent or gradually declining. One of the key factors affecting this is an overly simplistic campaign structure. Showing just one ad for a given search term is rarely, if ever, the best approach. Multiple ads optimized for different times of the day, different devices, and locations provide much more precise monitoring of what works and what doesn’t. This way, each campaign can be evaluated, tested, optimized and scaled to achieve consistent results.

2. PPC visitors don’t convert to enough requests

In some cases, businesses may see good or even high levels of traffic to their website through PPC, but visitors simply fail to take the next step to get in touch. In this case, it is often where potential customers are directed rather than the ad itself that is at issue. A poorly optimized landing page will cost businesses thousands of dollars in lost revenue.

In the past, solving this problem meant creating a single landing page with a clear and direct call to action. While this principle remains correct, there are now a series of advanced features that can boost conversions. By leveraging the latest advances in artificial intelligence and machine learning, it is now possible to quickly and efficiently create smart landing pages that use multiple forms in multiple steps. We are much more geared towards website visitors who take immediate action. We have taken this approach for all of our customers and are seeing an increase in conversions of up to 30-40%.

The introduction of AI and machine learning eliminates the need for a ‘one page’ approach to conversion optimization by delivering the most relevant content to every visitor. Through analytics and learning, AI-powered landing pages direct visitors to a variant of landing page where they’re most likely to convert.

3. Your competitors seem to be everywhere and steal your share of the vote

Smart companies make sure they have multiple points of contact with their potential customers. Engagement in the form of conversions or inquiries often occurs after the ninth or tenth time a prospect sees a relevant and timely ad.

Remarketing is an effective way to do this. Embedding a tracking pixel on a website or landing page allows businesses to retarget potential customers on digital platforms including Facebook, LinkedIn, and Google.

There will soon be a change in the way digital marketing is done as the use of third-party cookies is phased out, which will impact the way thousands of advertisers use platforms like Facebook to target their audiences. desired. One way for advertisers to stay ahead of this change is to collect as much first party data as possible, through the implementation of remarketing and data collection pixels, from lead generation. .

Creating your own multi-touchpoint campaign funnel will be important and ultimately rewarding.

4. You cannot identify how or where to extend the reach of your campaign

Many companies with large digital marketing budgets still have a very limited ability to leverage their campaigns due to a poorly thought out strategic approach from the start.

Time and time again, we have restructured customer digital campaigns to allow for greater transparency in terms of understanding the most important engagement and opportunities in terms of campaigns / devices / time segments and many other factors.

This leads to being able to be data driven when making key budget allocation decisions, because being informed by results is far more efficient than anything else.

As a result, we can easily identify where to cut ad spend and where to increase it, and the results are consistently impressive, with an average reduction in waste of around 25% and an increase in productivity of 20% to 30% in terms of increased conversion rates and a lower cost per request / sale.

The main takeaway here is not to take your in-house marketing manager or incumbent agency’s word for it when they say nothing more can be done to improve your digital campaigns. We heard that and in 30 days things have changed dramatically.

5. You do not have full autonomy or ownership of your digital strategy

Too often, ownership of digital marketing in many businesses is either with someone in their marketing department or with the incumbent agency that manages it.

This is very dangerous as we have seen accounts spending £ 30,000 per month when the major players in the business don’t even know how to access them to see the performance.

In these situations, a business can receive very bad advice from its internal staff or existing agency, which means that not only could they miss out on opportunities to streamline and increase campaign effectiveness, but it could also be wasting a significant portion of their ad spending.

Companies that find themselves in this situation often have to play a tough game to get a new perspective from someone else, but it is ultimately worth it. If this describes you, take action today to start making things right.

Your marketplace is just too expensive to advertise and you don’t know how to get around it.

Sometimes it is just too expensive to advertise in an online auction, such as Google Ads, for certain industries because the click costs can be very high. This is because advertisers in these industries are increasing their bids in order to dominate paid search results.

It might sound strange, but we’ve seen it happen when a company receives a venture capital investment, for example, and one of their marketing strategies is to play for the long haul, because they can afford it. . So they can pay high fees to get inquiries because they know that most of their competition cannot afford it.

However, there are several advanced bidding strategies that can allow advertisers to compete in very expensive markets without paying the inflated costs that their competitors have created.

Take a look at all the smart bidding options that allow advertisers to set goals in terms of target cost per acquisition, return on ad spend, or even target by impression rate. The suite of bidding options available allow advertisers to test and measure different campaigns in the same auction until you find one that works for you, your industry, and your budget.

Gez McGuire, Senior Accelerator and Founder of MCG Digital Media.

Source link

]]>
http://gutenberg.tv/five-signs-your-digital-ad-campaigns-are-underperforming-and-what-to-do-about-it/feed/ 0