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UK inflation hitting 9.4% shows Bank of England is shamefully incompetent

ABC Staff
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UK inflation hitting 9.4% shows Bank of England is shamefully incompetent

The Bank of England is failing the UK with its woeful inflation management, fuelling a painful cost of living crisis, and overseeing a British pound with sinking credibility.

This is the warning from Nigel Green, CEO and founder of deVere Group, one of the world’s largest independent financial advisory, asset management and fintech organisations, as UK inflation hits a new 40-year high of 9.4%.

He says: “The UK’s historic cost of living crisis has officially got even worse for families and businesses across the country as inflation hit 9.4%, a fresh four-decade high.

“This shines the harsh spotlight again on how the Bank of England is failing the UK with its shamefully incompetent grip on the worst inflationary surge in 40 years.

“It underscores that the central bank was complacent and passive about consumer prices last year when the country emerged from coronavirus lockdowns.”

He continues: “Policymakers at the BoE will try and defend themselves by blaming external events, mainly the war in Ukraine – which, of course, haven’t helped.

“But the problems, including supply chain disruptions and massive fiscal spending for pandemic relief, were staring them in the face before the invasion. These issues did not spring out of nowhere.”

The historic 9.4% inflation will likely prompt the UK’s central bank to decide on a 50-basis point hike at its August policy meeting, says the deVere CEO, which also has inherent risks.

“The Bank of England has already failed on inflation with its grand-scale inaction and miscalculation early on.  

“There’s now another risk that it hits the brakes too hard at its meeting next month, and future ones, with excessive rate hikes, which could push the consumer-led economy into not only a short-term but a longer-term recession.” 

Last month, Nigel Green spoke publicly in support of the Wall Street giant Bank of America which recently claimed that the politicization of the Bank of England and a weakening economy risk turning the pound into an ‘emerging-market-like currency.

He said: “The well-flagged, international and domestic concerns that the Bank of England is in danger of losing its mandate as it struggles to contain inflation, could create the perfect storm for the pound.”

The deVere CEO concludes: “The Bank of England is failing, and its failure is hurting households and businesses across the country.

“If the public loses confidence in the ability of the central bank to control inflation – which is currently 7.4% higher than the bank’s target – there’s a real risk that people will demand wage increases to compensate, which could trigger a 1970s-style scenario that drives the cost of living even higher.”

UK SET FOR BOOM IN BUSINESS PARTNERS AS SME OWNERS LOOK TO SHARE COST-OF-LIVING BURDEN

ABC Staff
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UK SET FOR BOOM IN BUSINESS PARTNERS AS SME OWNERS LOOK TO SHARE COST-OF-LIVING BURDEN

·     Although just 8% of small business owners currently have a business partner, almost two thirds (63%) are looking for one to join them

·     Partners are key to business success, with 3 in 10 achieving more than they would have done alone

·     But business is not the only advantage – 30% say their business partner is a friend in life

London, United Kingdom, 20 July 2022: A new study1 from global technology platform, Intuit QuickBooks, has found that almost two thirds (63%) of SMB owners are looking for a business partner, while just 8% already have one – suggesting that a surge in business partnerships is on the horizon.

Small business owners and entrepreneurs are under vast financial pressure due to soaring inflation, supply chain issues and staff shortages. Over half (55%) of SMB owners who already have a business partner say that a key benefit of having one is better cash flow – which helps them combat the cost-of-living crisis head on.

While a partner is useful for providing that much needed extra cash, it’s not the only advantage of having one: 39% of SMB owners say that different perspectives are the top benefit, and 30% say their business partner is a friend in life as much as in business.

Finding the perfect match

3 in 10 SMB owners who already have a partner say they have achieved more than they would have done alone thanks to their business partner (30%), and that their business would not be as successful without their partner on board (30%) – while a quarter of SME owners (24%) said they’d feel more confident growing their business with one. The UK economy clearly stands to benefit from a rise in business partnerships.

That said, 23% of small business owners are struggling to find the right person for the job. A majority of small business owners (63%) have experienced issues with a current or previous business partner, with the most common challenges being inflexibility (33%), misalignment on vision (32%), and poor communication (30%).

Almost three-quarters (73%) say that they’ve been put off looking for a partner having experienced issues before. Being aware of what constitutes the perfect match for you will set you in good stead for business success. To do so, facing common difficulties head-on is essential.

Simon Squibb, Founder & Chief Purpose Officer of The Purposeful Project found the perfect business partner himself:

“It’s crucial to invest the time it takes to find the right business partner – so you can share the financial burden, keep each other balanced, and never feel alone. 50% of a successful company lasts better than 100% ownership of a failure. Finding the perfect business partner doesn’t always come easily, and from experience, it’s important to notice when it is not working and make the decision to split sooner rather than later. With the right partner on board, success is bound to find you and business is more fun in my experience.”

Build strong digital foundations

But business partners relied upon by SMB owners aren’t always ‘business partners’ in the traditional sense. In fact, digital tools (31%) and accountants (31%) were both more commonly thought of as business partners than a co-owner (30%) – demonstrating that digital tools can now assist entrepreneurs, empowering them with a “do it yourself” approach.

Mailchimp and Intuit recently launched a TikTok competition for small business owners to ‘serve up’ their perfect partner – prizes presented to winners on 9 July included Brunch at the Ivy, custom rackets and balls and a special edition NFTs.

Make UK’s 22,500 empty commercial units into housing

Sam Allcock
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Make UK’s 22,500 empty commercial units into housing

Amidst dire imbalance of supply and demand, empty commercial buildings could provide solution to UK housing market woes

Simon Bath is a property expert and the creator of Moveable – he discusses the growing importance of converting empty spaces to homes to help ease rising prices

A severe imbalance between supply and demand has driven house prices to the highest levels in almost two decades. In stark contrast, the commercial real estate market has experienced a significant rise in empty office spaces following the pandemic. This trend is likely to continue given that British businesses are facing a severe energy crisis with firms experiencing around a 250% increase in bills – according to Cornwall Insight. With the government failing to deliver on their target of building 300,000 new homes a year, Simon Bath, property expert and CEO of property technology company, iPlace Global, the creators of Moveable, explains that we must look towards other alternatives to increase the number of homes available and ultimately, satisfy the record levels of demand currently weighing down the housing market. 

More than 22,500 commercial units have been empty for at least six months in the capital, according to Centre of London. As work and lifestyle patterns change, and working from home becomes the new normal, office spaces have become less of a priority for occupiers as they reconsider their business requirements. The British Consortium (BRC) reveals that one in seven shops in Britain is empty, increasing the amount of wasted space across the nation – space that has the potential to be repurposed and used to alleviate the housing market’s rush in demand.

A study by real-estate consultancy, Lambert Smith Hampton (LSH) found that there has been a 20% reduction in the office space needed by businesses compared to before the pandemic. The same report found that just under half (43%) of employees were attending the office only two days a week, while almost a third (29%) said the most common rate of attendance was three days a week. Whilst building owners struggle to replace tenants to occupy commercial spaces, converting these spaces into residential purposes could provide a larger pool of interest from renters and/or buyers. In New York, an empty Wall Street Office is being revived as apartments – making room for 571 new residential spaces. In 2020 and 2021, office conversions created over 13,000 new apartments in the US, in an attempt to combat the nation’s housing shortage.

Currently in the UK, it is domestic developers who are coming to the forefront and helping to ease the lack of available stock. Research from Moveable has even revealed that 24% of millennials are looking to buy a home to develop, not to live in. Now,Rightmove has found that there has been a 24% jump in the number of prospective sellers bringing homes to the market, as estate agent appraisals reach the highest level since January. Of the same mind, commercial building owners also have the opportunity to not only generate another stream of income through development and buy-to-let; more importantly, they will be able to help prospective homeowners get on the property ladder by increasing levels of stock and reducing prices in the housing market.
Simon Says:
“Commercial properties are seeing a sharp decline in terms of interest and requirement from business owners. Instead of wasting these spaces, they should be turned into housing to help ease the severe issues with supply and demand that we’re seeing currently.

“Significant steps have been made this year in an attempt to help first-time buyers with getting onto the property ladder, including the removal of affordability tests, longer mortgage plans and the Right to Buy scheme. However, these schemes still haven’t addressed one crucial factor of such an expensive market – the severe lack of stock.

“Because there are so few available homes, house prices are continuously increasing – making it near impossible for first-time buyers purchase a property. Transforming commercial properties to residential homes will essentially help to alleviate the current supply chain issues and make it more achievable for first-time buyers to get onto the ladder.”

UK Inflation Increases: Industry Experts Comment

Sam Allcock
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UK Inflation Increases: Industry Experts Comment

Government, retailers and energy providers must offer more support

Mohsin Rashid, Co-Founder of ZIPZERO, said: “These figures provide little shock, but they certainly underline how brutal the economic landscape is. What’s more, inflation will continue to get worse in the months to come. The issue is the lack of action being taken by those most able to address the cost-of-living crisis.

“According to our independent research, 84% of UK adults think energy providers should be doing more to help people through the cost-of-living crisis, with 81% saying the same of the Government and 70% wanting retailers to offer more support. The problem rumbles on, but it seems the advice is for people to grit their teeth and bear it as best they can.

“This attitude will not suffice. Although we may be battling extreme heat now, the Winter warns of even graver danger as millions of Britons will be plunged into fuel poverty. Action is urgently needed.

“The development of a long-term collaborative strategy between government, energy providers, retailers and consumers is required urgently. At ZIPZERO we’re working tirelessly to make this a reality. The country cannot afford to wait for the government’s next leader to be appointed, so we are imploring the public and private sectors to work together on innovative solutions that could help people fight their way out of the cost-of-living crisis.

“What would those solutions look like? Here’s one: retailers and brands could redirect the massive £27 billion they spend each year on digital marketing back into customers’ pockets in the form of cash rewards from their everyday shopping, helping them to pay their spiralling energy bills. ZIPZERO is proud to be working with great brands to make this happen, and we are calling on more retailers to join us.”

Employers must play their part

Chieu Cao, CEO of Mintago, said: “With inflation soaring ever higher, it is clear the financial burden faced by Britons is set to remain for some time. And with Mintago’s recent research revealing that with over two thirds (68%) of respondents haven’t received a pay rise in line with inflation, the situation is becoming desperate.

“Something needs to change. Indeed, UK employers must accept some responsibility in helping their teams to regain financial stability – even if they cannot afford meaningful pay rises. To start with, employees must be given the tools, such as access to financial planning platforms or free financial advice, to better understand their finances. Similarly, pension dashboards which allow employees to manage their contributions more easily could also help them overcome short-term financial difficulties.

“Ultimately, there is no quick fix to the current financial situation and the issues that are causing the cost-of-living crisis will remain in place for some time. That said, aside from pay rises, there are other ways in which employers can better support their employees to ease the financial stress that many are under.”

Personal finances and debt support:

Richard Eagling, personal finance expert at NerdWallet, said: “The UK is in the midst of a heatwave, and today’s data shows that the heat is also being turned up on people’s finances, too.

“The current economic climate is as challenging as it has ever been for millions of Britons. Everyone will be impacted by such a high rate of inflation, but it will affect people in very different ways depending on their financial circumstances, commitments and lifestyles.

“Ultimately, each household or individual should do all they can to take control of their finances, make sound decisions on how they are managing their money, and find the best possible methods of dealing with the cost-of-living crisis.

“Price comparison sites could offer some solutions, by allowing households to compare prices for a variety of necessities, from groceries to energy providers. For those that are struggling the most free support is available from debt charities such as StepChange and Citizen’s Advice.”

Fintech and personal finance:

Andy Mielczarek, CEO at Chetwood Financial, a digital bank that operates consumer finance products such as LiveLend, SmartSave, BetterBorrow and Wave, said: “Under the most intense economic conditions, people’s finances are being tested to the limit. What they need, now more than ever, is support from the financial services sector.

“Smart, flexible and personalised financial solutions will be incredibly important in the months and years to come. As the UK continues to rebuild from the pandemic, and with interest rates and inflation both rising notably, we cannot rely on rigid, old-fashioned financial products. From savings and loans to credit and investments, people must have access to responsive and dynamic products that are suited to today’s world and, crucially, adapt in line with people’s needs and the wider economic climate.

“We can be grateful that, unlike previous cost-of-living crises, we do now have financial technologies and digital banks – these are empowering customers through greater choice, more personalised offerings, and long-term financial resilience. Fintech could play a critical role in helping people throughout this testing period and beyond, and I would urge consumers to consider the options at their disposal by thoroughly researching the financial products available, as they may find solutions better suited to their needs.”

Pension planners and the rise of ‘unretirement’:

Andrew Megson, executive chairman of My Pension Expert said: “Chancellor Nadhim Zahawi might have pledged to control inflation, but that will come as little relief to those already struggling as a result of rising prices. This is a particular issue for retirees, for whom there is a very real risk that they will need to reverse their retirement decision and re-enter work.

“Hard-earned money sat in some pension pots will be losing value in real terms as prices around us rise so sharply. In many cases, this means retirees’ savings will not sustain the lifestyle they had planned, or at least not for as long as they intended.

“Concrete plans to tackle inflation and support retirees are needed, and fast. The Conservative leadership contest is an unwelcome distraction from this, but hopefully once it is settled, a strategy can be implemented. For one, I would like to see ministers work closely with regulatory bodies to ensure retirees know where to access affordable independent financial advice, so they can better understand their financial situation, and make any necessary adjustments to their retirement strategy. Without proper support structures, we could see ‘unretirement’ become increasingly common across the UK in the months to come.”

ONS inflation figures impact on hospitality, trade: industry experts comment

Sam Allcock
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ONS inflation figures impact on hospitality, trade: industry experts comment

Inflation threatens the future longevity of hospitality businesses

Sam Martin, chief executive of Peckwater Brands said: “Inflation has the hospitality sector caught between a rock and a hard place. On one side, businesses are facing rising costs across their supply chains and operations. On the other side, consumers’ finances are under significant pressure, which will likely affect the amount they spend at takeaways, restaurants, pubs and bars. 

“Given that the pandemic saw more than 10,000 licensed premises lost during lockdown, with 640,000 jobs lost despite Government support, the UK cannot afford to let this situation escalate any further.

“First and foremost, the government must outline a clear plan to get the UK’s economy back on track, as well as a support plan for the hospitality sector. However, such businesses must also be prepared to think outside the box to safeguard their long-term goals. Data data-driven solutions that improve efficiency and reduce overheads, for example, could help business owners make the most of their existing resources – so too could exploring virtual brands.

“Challenges remain on the horizon for the hospitality sector. However, there are options available to the hospitality sector business leaders to take charge of their resources, and their financial circumstances. And in doing so, they may be able to weather this economic storm and safeguard their futures.”

Businesses hurting as they swallow prices to protect customers

Atul Bhakta, CEO of One World Express, a leading cross-border e-Commerce solutions provider, said: “It is no surprise to see inflation continuing to spiral. And it is important that we do not lose sight of the businesses that are struggling to strike a balance between survival and doing right by the customers.
“Indeed, One World Express’ recent research found that more than two-fifths (43%) of UK businesses are committed to not passing price rises on to consumers. Whilst a valiant initiative, doing so will likely have a massive impact on such organisations – after all, 60% of businesses anticipate their business will suffer due to inflation.

“Evidently, greater support is needed. The government must offer clarity on the path forward – affording businesses the confidence necessary to maximise their potential, while picking up the pace on new trade deals to aid in efforts to look to diversify through expansion into opportune overseas markets.

“Naturally, this is not an issue that can be resolved overnight – all of us will feel the pinch to some degree. Today’s figures underline the importance of providing clarity to businesses for the short-term, while the longer-term efforts to soothe supply chain issues and rebuild Britain’s trading capacity are undertaken.”

Great Ideas to Help Build a Happy Workforce

Claire James
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Great Ideas to Help Build a Happy Workforce

As the owner of a business, your employees are some of the most important resources that you have available to you. They permeate almost every element within your business, providing momentum and effectiveness to your company.

This means that if you can make the most of your workforce, you would be able to massively improve the effectiveness of your company. Not only could this be a significant improvement to the successfulness of your business, but it could also help to ensure your company is able to engage in a range of profitable pursuits effectively.

This article aims to highlight some of the most effective ways for you to work toward building a happy and effective workforce.

Focus on Morale

Morale is the single most impactful factor that can contribute to the effectiveness of your workforce. Happy employees are productive employees. The more you do to improve the morale of your workforce, the better equipped they will be to do the work they need to.

Fortunately, there are plenty of ways for you to make the morale of your workforce a priority within your business.

Ideas to Show You Care

There are a number of ways to help boost the morale of your workforce in order to ensure that your company can operate in the most effective way possible.

  • Help Employee Finances. Money makes the world go around, which means anything you can do to help your employees improve their finances will help to boost their morale too. Take a look at salary sacrifice options such as Pink Salary Exchange where your employees can get a brand new car with industry-leading cost savings.
  • Listen to Feedback. Your employees are always going to know the best ways to improve your business. By making the effort to open the channels of communication between yourself and your employees, you can help to make the most of their knowledge and your business.
  • Provide Training. By training your employees to work more effectively, you can help to ensure that they feel better equipped to take on their roles and complete the work assigned to them. That can help to boost their morale and confidence in a single manoeuvre.

Regardless of whether you engage with one or all of these techniques, anything you can do to improve the morale of your workforce will serve to benefit your company as a whole.

Build Connections

Finally, one of the most important things that contribute to the happiness of your workforce is the connections between your employees and their ability to collaborate effectively with one another. Fortunately, there are plenty of things you can do to facilitate the proper development of bonds between your employees.

Employee getaways are one of the most effective steps you can take to help ensure that your employees are able to build these connections. Not only do these trips help your workforce to interact outside of the bounds of the workplace, but they also often present the opportunity to encourage your workers to communicate with one another more effectively. As a result, they can be incredibly effective in helping to boost the power of your workforce.

Website Designing and Development Tips for New Businesses on a Limited Budget

Sam Allcock
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Website Designing and Development Tips for New Businesses on a Limited Budget

If you’re a small business owner just starting, you might wonder how to get a great website without spending too much money. Well, the good news for you is that it’s possible. All it takes is research, planning, and a lot of hard work. This post will discuss the options available to small businesses with limited budgets and how they can save even more money by keeping things simple. We’ll also cover other ways new companies can get started building an online presence.

Get a Great Design for Less

Look for a professional with fair experience and a good portfolio of work. Consider working with that designer if you see something that catches your eye. Also, ask them about how they can help you build your site.

When looking at different designers’ portfolios, be sure to look at their pricing page and their design page. It will give you some idea of what it would cost to get what you want if budget is an issue. You’ll also want to know if they offer any payment plans or discounts for new customers. Then, negotiate and get deals that suit your budget.

Keep it Simple

You want to get your name out there as quickly as possible as a small business. Your website has to be easy for people to understand, which means it should not be overdesigned or overcomplicated. You also don’t want to spend too much on the design process if your budget is limited. Don’t worry about hiring an expert designer. Instead, focus on creating a site that emphasizes your brand identity and gives customers what they need.

Use Free Online Platform

An open-source website development platform or Content Management System (CMS) is an excellent platform for building websites. A vast community of developers and designers who provide themes and plugins use these platforms available on the internet. It’s also easy to manage your website once you’ve built it. The system helps you to design websites at affordable prices so that you can withstand the competition. In addition, these platforms help make it simple to update elements like the theme or plugins, add new pages, install plugins, and more.

The system is so flexible that you can extend it in many different ways. And if you want another developer to make changes or customize your site further down the line, then they’ll find working easier. In addition, CMS platforms like WordPress are free to use and helpful in creating an affordable web design.

Build a Website from Scratch

Many businesses start with an open-source website development platform because it’s a free and easy-to-use Content Management System (CMS). A CMS lets you create and edit your website without using complicated code. It also allows you to make changes easily whenever necessary.

If you’re building a new website from scratch, it is recommendable to use CMS. It gives you complete control over your site’s design and functionality. You can add any functionality or features that best suit your business needs, from eCommerce features like shopping carts or payment gateways to contact forms and custom page templates. You can retain control over how those elements look on the page through its user interface (UI).

Build It Yourself With an Easy-to-Use Editor

With an easy-to-use editor, you can create a website without any coding skills or experience. It is the best choice for new businesses on a limited budget.

If you are ready to make your site, here are some options to consider:

  • A website editor allows you to build your site with drag-and-drop elements. It enables you to add text, images, video, and more without having any coding knowledge by using this method. This option also gives you plenty of flexibility. If you want something specific on your website, it’s not going to be too much trouble for someone who knows how these things work.
  • Some examples include WordPress, Wix, and Weebly. These CMSs are tools that webmasters, developers, designers, etc., use nowadays. They don’t have to spend time writing code each time they want something done on their site.

Find an Affordable Website Designer or Developer

You can find a website designer or developer by going to local meetups in your area or searching online for freelancers. The best way to find one is by looking for someone who offers a free consultation, will work with you to create a plan, and offers either a free trial or a money-back guarantee. If they don’t offer any of these things, it’s likely because they’re not confident enough in their skillset. 

In addition to offering great customer service skills, they must communicate with you about what you need from them. This type of person should also have experience designing websites for small businesses. If they’ve worked with limited budgets before, they know how much effort goes into ensuring everything looks good while staying within budget constraints.

Dedicated Customer Care Service

You need to provide customer support for your customers, especially if you’re a new business. Your website should have a contact page where the customers can get in touch with you. They can ask questions or report problems with the product or service they have purchased from your store. Make sure that the website has all these contact information:

  • A phone number
  • Live chat service
  • Email support

A New Business Can Get a Great Website for Less Money Than You Might Think

When looking for a website designer or developer, you want to find someone who will work with your budget and style preferences. Here are some tips on how to do that:

Look for reviews from previous customers. Getting references from friends and family before hiring a professional is always good. It can be difficult if they don’t have any experience with websites. Online reviews give valuable insight into the quality of services offered by different companies in the industry. More options with positive feedback mean more options for finding someone who fits your needs perfectly.

Ask questions before committing anything long-term, like whether there are fees involved after the launch date. Make sure everything is in writing beforehand so there won’t be any misunderstandings later.

Step-Up to Start Your Own Business

If you’re a new small business owner, you may have heard that building your website is expensive. You may also have heard that finding an affordable designer or developer can be hard. But these days, there are so many affordable web design and development options that it makes no sense not to take advantage of them.

Starting a new company is hard work, but there are many ways to make your marketing efforts easier on the budget. One way is by investing in a great-looking website design that costs less than you might think. And another way is by finding affordable customer service support from people who care about helping small businesses succeed.

5 Ways to finance your Home Restoration Project

Sam Allcock
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5 Ways to finance your Home Restoration Project

When thinking about home restoration, the most challenging aspect is how to finance it. Looking for a great design for your house and the items you need to buy is easy and fast to plan. However, like any other project, home restoration requires you to have enough capital to sustain the whole project. It would be a waste of money starting a project and getting stuck in the middle due to a lack of capital. This is why you need to have a great plan and calculate the estimate of the total amount you need for the project. It will help you weigh the amount you have and need. The good thing is that there are different ways to get finances to make your home restoration dream come true. This article will explore ways you can finance your home restoration project.

  • Calculating the Amount Required

Before starting the project, you must know how much you require. Note down your monthly income and how big your project is. If you are remodeling the whole house, you need to consider individual rooms cost such as a bathroom, kitchen, garage, and in case you need to add an extra room. Consult with experts to get the exact amount you need for the project. After knowing the total figure for your renovation, consider using the below methods to finance your project.

  • Home Repair or Remodel Loan

If you are confused about where to start, you can consider the home improvements loans banks and credit unions offer. You can also consider searching for Online Installment Loans Wisconsin to get online lenders who offer personal loans without collateral. Getting these loans is easy and fast as they are unsecured loans. You must agree with lenders’ terms and conditions, including the interest rates set. However, the repayment periods are shorter than other methods, and depending on your credit score, the amount you receive is smaller. It’s vital to compare different lenders to get the best deals with low-interest rates. 

  • Saving

Before starting a project, it’s vital to prepare well financially. Saving is the best option as you know the money is yours, and you don’t have to worry about getting into debt. You will have to wait if you don’t have enough money saved. This can delay the project in you want it completed within a specified time. Saving requires great discipline, but it’s worth it.

  • Home Equity Line of Credit

The home equity line of credit is a secured loan that you need collateral or equity to get. Mostly the HELOC will be backed up by your home, and you can qualify for lower interest rates than an unsecured loan. The amount received from the loans is much higher since it depends on your home’s equity. In case you can pay, your house will be closed. 

  • Home Equity Loan

The home equity loan is a better option if you want a lump sum to pay later. It is referred to as the second mortgage, and like the HELOC, you use your house as the collateral. However, unlike HELOC, you don’t have to worry about market fluctuations as you only pay the fixed interest rate. 

Bottom Line!

The above methods can help finance your home restoration project without worrying more. When looking for lenders, ensure you research well to get better deals and loan limits to help accomplish your project.

LOVELL HOMES SPONSORS ANNUAL HOWDEN EVENT FOR SECOND YEAR

Sam Allcock
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LOVELL HOMES SPONSORS ANNUAL HOWDEN EVENT FOR SECOND YEAR

National housebuilder Lovell Homes has continued to strengthen its links with the Howden community by sponsoring the town’s annual Picnic in the Park event for the second year running.  

Organised by Ashes Playing Field Trust, this year’s event took place on Sunday 17 July at theAshes Playing Field, just a stone’s throw away from Lovell’s recently launched Saddlers Grangedevelopment.

Saddlers Grange features a total of 175 houses, with prices for three-bedroom homes starting from £210,000 and four-bedroom homes from £283,000.

As part of the sponsorship, during the event, Lovell Homes hosted a stall for the day and invited Gill Dixon, who runs voluntary not-for-profit hedgehog sanctuary, Pricklington Palace in Howden, to talk to children about how to encourage hedgehogs into their gardens.

Lovell’s new Saddlers Grange development features a selection of hedgehog highways designed to help the spikey mammals go freely between gardens. Children were also welcomed to decorate stones that will be displayed at the development along with stones from last year’s event.  

Colette Ben Tarcha, regional sales director at Lovell Homes, said: “At Lovell Homes, the communities in all the locations we build in are incredibly important to us, which is why we loved getting the chance to be involved with Howden’s Picnic in the Park again this year. Howden is such a special place to live in, and the market town, which boasts cobbled streets and Victorian and Georgian architecture, has something for everyone to enjoy.

“The event was also a great way for Lovell Homes to continue to strengthen its ties with the Howden community while informing them about the exciting new neighbourhood that is nearing completion on their doorstep. 

“It was great to have Gill from Pricklington Palace with us on the stall and to hear all her expert insights into what we can all do to protect our endangered spikey friends. We also loved seeing the children get creative with their decorative stones and we’re excited to display them pride of place in the Saddlers Grange show home garden throughout the summer.”

Pricklington Palace is a 17-bed sanctuary for hedgehogs. Gill runs it single-handedly on a purely voluntary basis in the hope of helping this endangered species survive in a very difficult environment. 

Gill Dixon, who runs Pricklington Palace said: “It was a pleasure to be a part of Lovell Homes’ stall at Howden’s Picnic in the Park event. I had a great day teaching the children all about hedgehogs, the homes we can make and buy to help them, as well as what we can feed them to encourage them into our gardens. I hope that the children, and their parents, took away some useful tips, so that together we can help these amazing animals.”  

For more information about Saddlers Grange, to book an appointment, or to view the new show homes, visit: www.lovell.co.uk/developments/saddlers-grange-howden/ or call 01430 670 868.   

Know the List of Statutory Compliance for Your Country

Sam Allcock
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Know the List of Statutory Compliance for Your Country

Staying up to date on the list of statutory compliance for every country that your company is doing business in is vital. Being unaware of changes to the statutes affecting your business is rarely accepted as an excuse by any government. Compliance with new and existing statutes is generally the responsibility of your company’s HR department, as these statutes usually involve rules and issues relating to a company’s employees.

Social security, taxation, foreign worker’s status, and legal public holidays are some of the usual topics on every country’s list of monthly changes to statutes. Being unaware of these changes is generally not accepted as a valid excuse by government entities. Suffering the penalties incurred by non-compliance can affect your company’s business reputation as well as its finances, operations, and supply chain. 

It can also result in hardships for your employees. And a company that causes hardships and legal problems for its employees is a company that’s in danger of going out of business. 

Get Qualified Assistance

OS HRS is a company that specialises in providing outsourced HR solutions to local and multinational companies. For multinational companies with offices in various countries within the Asia region, there is an easy solution to the problem of keeping up with the monthly list of changes to the statutes in different countries. And one of the areas most valuable to both national and multinational companies is their team of global compliance experts.

By partnering with OS HRS, your company can trust that you’ll be notified and advised on any changes to tax codes affecting employees, social security rules and contributions, and foreign worker regulations. You’ll be notified by weekly emails sent directly to your inbox. And the compliance team at OS HRS is always available to answer any questions in detail about any of the changes. 

Receiving these emails ensures your company’s payroll is always up to date and in compliance with local statutes and regulations. It can eliminate the need for time-consuming and costly corrections and adjustments to payroll after the fact.  

Additional Suite of HR Services

HR is a multi-faceted, complex job for every multinational company these days. Besides their team of experts in global compliance, OS HRS also offers global payroll management solutions, HR advisory and analytics, and a full-scale enterprise employee application and payroll processing platform that’s customisable to your company’s global needs. 

There’s a need to keep a company’s HR and payroll services consistent and as streamlined as possible in every country. With the employee application and payroll platform for OS HRS, you’re provided with all the tools you need for maintaining transparency and cohesion within a global payroll framework. You can make changes across the board or effect changes that reflect compliance with changing statutes country-by-country. 

Find out more about the greater efficiency of partnering with OS HRS in helping your HR department meet the demands of global business.  

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