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By Karen Peattie BUSINESS leaders Lord Willie Haughey and Sir Tom Hunter have said people should be encouraged to be successful and not be penalised for making money during the pandemic. Discussing the recently published Sunday Times Rich list 2021, Sir Tom – at number 221 in the list – said he fully supported entrepreneurship and the creation of businesses and wealth as “it is what makes the world go round”. The Rich List identifies 171 UK billionaires, an increase of 24 on last year. Asked by Donald Martin, host of the Go Radio Business Show with Hunter & Haughey if the country should be imposing a temporary wealth tax on those who have profited from the Covid pandemic, Sir Tom said people with an entrepreneurial spirit should not be held back “as long as they pay all their taxes”. ....
By Karen Peattie LORD Willie Haughey, the Labour peer and owner of City Facilities Management Holdings, has called for the UK’s apprenticeship programme to be overhauled, declaring it is not fit for purpose. In discussion with CBI Scotland director Tracy Black on the Go Business Radio Show with Hunter & Haughey yesterday, Lord Haughey challenged the effectiveness of the apprenticeship levy introduced by the UK Government in 2017 which means all employers pay a tax. Revealing that his business had reduced its number of apprentices by 60 per cent as a result of the levy, Lord Haughey said: “No-one I have spoken to – trade unions and companies – agrees that it is a good idea. In my own experience, it has caused a massive reduction in the number of meaningful apprenticeships in Scotland. ....
By Karen Peattie ENTREPRENEURSHIP in Scotland faces an “abundance of challenges” in the future with one of the most pressing a need to change the culture of business – but confidence, passion and resilience is also required. That’s the view of Sean McGrath, who takes up his new role as chief executive of the Entrepreneurial Scotland Foundation this summer. Currently the independent charitable foundation’s finance director, the Irishman told the Go Business Radio Show with Hunter & Haughey that cultural change would be instrumental in instilling confidence in people who have great business ideas but often fear failure. “It’s the same across the water in Ireland,” said Mr McGrath. “There’s an issue with getting ahead and being successful – and a fear of failure when failure is the best route to success. So, we must bring people together to help them understand the importance of connecting with others to create a culture of change where it is ....
By Karen Peattie LORD Willie Haughey, who last week unveiled plans to transform the housing market in Scotland, has revealed that he spent months visiting housing developments around the world, including in Toronto, Philadelphia and Vienna, seeking inspiration for his own ambitious project. Speaking on the Go Radio Business Show with Hunter & Haughey, he told host Donald Martin that he first starting looking at the nation’s housing crisis two years ago, seeking a solution to help those unable to take their first steps onto the property ladder. “People can’t get a mortgage or a deposit,” he said, “and I thought there had to be a much better way. I spoke to architects, builders and people in the supply chain, and realised that no-one had ever taken time to speak to tenants. ....