Economy

10 years on from Lehmans – what has the Financial Services sector learnt?

The financial crash after the Lehman Brothers collapse saw the biggest global monetary crisis since the end of WW2. It led to a lost economic decade for many – average incomes in the UK still languish far behind their 2008 peak. 15 September 2008, the fall of Lehman sent shockwaves around the world. It was (and still is) the largest bankruptcy of all time. The colossal investment bank fell with $639 billion in assets and $619 billion in debt. Founded in Montgomery, Alabama by German immigrants in 1850, the firm grew towards the end of the 19th century as America Read More

3 out of 4 businesses are burdened by compliance

According to recent figures, 75% of British businesses feel weighed down by the burden of tax administration and compliance. It is believed that this has increased considerably in recent years, with some people describing the tax system as positively Byzantine. While the introduction of new tax reliefs and tax breaks has been welcome, the amount of paperwork required to access these reliefs has increased. As a result, businesses are faced with a complex and bureaucratic landscape. Of course some due diligence is seen as necessary but as things now stand, many companies are saying it is just too much of Read More