George Osborne announced a levy on UK banks and foreign banks operating in the UK in yesterday’s Emergency Budget.
The levy, which will not affect smaller banks and building societies, will be brought in from January and is expected to raise around £2bn a year.
George Osborne MP (credit M Holland)
The recruitment industry has been giving its reaction to the Budget following George Osborne’s announcement yesterday.
India-based retained executive search firm 3P Consultants of Mumbai has placed Vivek Kher as senior vice-president — strategic communications of Deepak Fertilisers and Petrochemicals Corporation, according to the Association of Executive Search Consultants (AESC).
The number of recruitment agencies being placed into the hands of administrators dropped dramatically during the second quarter of 2010.
Research by Recruiter has shown 15 businesses entered administration during this period, compared to 22 in the previous quarter and 23 in the final three months of 2008, before the UK officially entered the recession.
Dubai is to launch EntrePass, a special visa system to tempt talented foreign entrepreneurs into the country.
According toAbu Dhabi English-language daily newspaper The National, start-ups with high commercial value will be encouraged to set up in Dubai and share knowledge and intellectual property rights with the emirate.??
International law firm Reed Smith has appointed Lucy Calver as Europe and Middle East (EME) HR director.
Before joining Reed Smith, Calver worked in a number of operational and HR roles in Asda, while her last appointment before joining Reed Smith was group HR director for the financial services company Cattles.
A £1m penalty imposed on multi-sector recruiter Eden Brown for its part in a cartel of construction industry recruitment agencies was “plucked out of the air” and “arbitrary”, a court has heard.
Paul Harris, counsel for Eden Brown, told a Competition Appeal Tribunal in London yesterday that the figure “does not bear any reference to the circumstances of my client”.
A report claiming that unemployment among the over 50s has reached a 10-year high has been slammed as “potentially very damaging” by Geoff Newman, chief executive of Recruitment Genius.
Radio industry executives are to converge upon Salford for Move on Up at the Radio Festival, an event aimed at addressing under-representation of black and minority ethnic workers in the radio industry by setting up one-to-one meetings with key industry executives.
Executive search firm Meridian Business Support is opening a new office in Wellington, Shropshire.
The opening is planned for 6 September.