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Exclusive: UK tax gap for large businesses climbs as HMRC is owed £6 1bn in underpaid tax

Exclusive: UK tax gap for large businesses climbs as HMRC is owed £6 1bn in underpaid tax
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The Evening Read: City fund managers discuss post-pandemic opportunities, with NatWest, Lloyds and BP topping the list

City A.M. checked in with a number of prominent Square Mile-based fund mangers to find out where they see opportunities for growth as London’s investment community is slowly shaking off the pandemic.

The Evening Read: The office is not dead - far from it, say City insiders

In an exclusive sitdown with City A.M., they explain why – rather than the office dying a slow and painful dead – the office will become the heart of culture and connections. They both conclude that firms need to build their company cultures in a physical space. With Simon an introvert and mostly home-based and Mike an extrovert who favours a more hybrid balance, they are aligned in that the office won’t become a relic of the past. But it’ll evolve, at speed, into a destination. Values, culture and corporate purpose “Look at the biggest companies in the world, their brand has manifested in their physical environments,” said Gedye, pointing out that their culture is defined by more than just a strap line on their website, but driven by a team’s willingness to help others collaborate on projects, have a spontaneous drink at the pub or a line manager lunch.

Exclusive: City venture capital veteran on Brexit, funding structures and impact investing

Exclusive: City s venture capital guru on Brexit, fundraising and impact investing VCTA chair David Hall, who is also the managing director of YFM With Brexit just behind us, and the pandemic gradually being brought under control, it seemed like a good time to measure the temperature of London’s venture capital investment space. City A.M. sat down with David Hall, for his first major interview as chairman of the Venture Capital Trust Association, since succeeding Stuart Veale in January of this year. The Square Mile-based industry group represents the ten largest VCT funds in the UK, with £4.5bn under management and around 600 businesses in their portfolio, spanning practically every sector.

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