The UK’s top taxpayers are named
Stephen Rubin, a majority stakeholder in JD Sports, has been named the UK’s top taxpayer by The Sunday Times. Denise Coates, the Bet365 boss, and Sir James Dyson make up the top three. The newspaper estimated the tax due on business profits, share sales, dividends, house purchases and personal income. The list also included Sports Direct owner Mike Ashley plus David and Victoria Beckham. The Sunday Times
Stressed out by journeys
A new survey has found that nearly half of those who commute to work by train are regularly stressed out by their journeys. A study of 3,994 commuters found thanks to train delays, 17% missed out on family time, 9% were disciplined at work and 6% said they had to spend more on childcare. Consumer distrust of the rail industry has grown from 27% to 32%. BBC
World’s 26 richest own as much as poorest 50%
The planet’s 26 richest people own as much as the poorest 50%, according to Oxfam. The charity said the growing gap between rich and poor was hindering the fight against poverty. It pointed out that a wealth tax of just one percent would raise an estimated $418bn (£325bn) annually, which would be enough to educate every child not in school and provide healthcare that would prevent 3m deaths. The Guardian
Is university worth the money?
As the Government prepares to publish a review of higher education funding in 2019, the Institute for Fiscal Studies (IFS) has released the results of an analysis of the tax records of UK graduates now aged 29. According to the report, female graduates earn 28% more (£6,700) on average than their female peers who did not go to university, while men earn 8% (£2,700) more.
Which bank has worst gender pay gap?
HSBC has the worst gender pay gap among UK banks, new figures have shown. The lender released an update showing its average gender pay gap grew to 61% in 2018, compared to 59% a year earlier. Women earned just 39p for every £1 taken by male colleagues. Female employees account for around 54% of the bank’s UK workforce, but only 23% of its senior roles are held by women. The Guardian
Number 10 thought email was a fad
Newly declassified files in the National Archives include 1994 memos in which Downing Street officials wonder if they should start using email in order to seem as on-the-ball as the Clinton administration in the US. They were convinced email would be a flash in the pan. The Guardian
Shrinking nest eggs
The amount that households are saving has reached “record lows”. In the 1990s the percentage of our income that we put away stood at 14%. By 2016, that had halved to 7%. In Q2 this year, that figure almost halved again to 3.9%. The Sunday Times
Britons may not be quite the workaholics that we thought
Instead of working more than 1,700 hours a year, on average, a more accurate figure may be…1,500 when time off is properly taken into account (according to the OECD). If we are working fewer hours, our output per hour is higher. We are still less productive than France, Germany and America, but by less than was thought. The difference in respect of France may be 10% rather than 20%, and the gap with America comes down from 24% to 16%. The Sunday Times
UK has worst work/life balance in Europe
More than one in eight (12.7%) toil for more than 50 hours a week; in France, the figure is 7.8%, while in Germany it is 4.6%. On average, UK employees spend 325 more hours a year at work than their German counterparts. CityAM