Business Manchester

Arighi Bianchi holding acclaimed Outlet Event again this Friday (and next)

Retail

Helen Greaney

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15/05/2024

Arighi Bianchi holding acclaimed Outlet Event again this Friday (and next)

For a limited time only, Arighi Bianchi is opening the doors to its popular Furniture Outlet – that has savings of more than 50% off its luxury furniture and designer brands.

So if you fancy picking up some Arighi Bianchi furniture at an amazing price – don’t miss out! Visit the Outlet located within its Halles Warehouse, on Park Lane in Macclesfield, this Friday (May 17) between 10am and 2pm.

If you can’t make it, there’s a final chance to grab a bargain from 10am – 2pm the following Friday (May 24). But you’ll have to be quick to get the deals on your choice of furniture – most pieces are one offs.

Some of the bargains you can expect to find at Arighi Bianchi’s Outlet sale

Huge savings on its designer furniture including dining room tables and chairs, bedroom furniture and chairs, from brands such as Calligaris, TEMPUR® and Cattelan Italia.
Ex-display lighting fixtures – with up to 50% off the RRP.
End of line rugs and runners from its Flooring Department, which will include one-off buys from its popular collections as it makes way for new products in store.
Gorgeous one-off accessories for your home!

And if you’re not sure what style of furniture to choose, Arighi Bianchi’s friendly and knowledgeable staff will be on hand to assist you as you browse the warehouse.

Genuine discounts from a name you can trust

Arighi Bianchi is a renowned furniture retailer based in Macclesfield, Cheshire. Established in 1854, and still a family-run independent business, it has a long-standing reputation for offering high-quality furniture and home decor items.

The retailer’s product range includes a wide variety of furniture pieces such as sofas, chairs, dining tables, beds, wardrobes, and more, catering to different styles and preferences from contemporary to classic. Additionally, it has an array of home accessories, lighting fixtures, rugs, and other decor items to complement its furniture collections.

Arighi Bianchi is known for its commitment to quality craftsmanship, timeless design, and exceptional customer service, making it a popular destination for those seeking to furnish and decorate their homes with style and elegance.

Time-limited and exclusive discounts

To enjoy these time-limited and exclusive discounts, and immerse yourself in the world of interior design inspiration, visit Arighi Bianchi’s Outlet (located at its Halles Warehouse on Park Lane).

There is no parking on site but there are a number of public car parks close by or spaces are available at Arighi Bianchi’s main store which is just a short walk away.

For more details see the Outlet Sale page: https://www.arighibianchi.co.uk/pages/outlet-sale

Cross-Border E-commerce and VAT: International Compliance Considerations

Business

News Desk

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15/05/2024

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Cross-Border E-commerce and VAT: International Compliance Considerations

Did you know that cross-border e-commerce is projected to hit $994 billion by 2022? That’s a staggering number, but it’s not without its challenges. You’ll need to navigate the intricate web of Value Added Tax (VAT) compliance for international trade. Countries have various VAT rates and regulations, and failing to comply can lead to serious legal issues and financial penalties. Don’t you want to know how to tread carefully while reaping the benefits of global markets?

Understanding Cross-Border E-commerce

In your journey to comprehend cross-border e-commerce, it’s important to grasp that it involves online trade transactions occurring between buyers and sellers from different countries. Fundamentally, this concept isn’t just about purchasing goods or services online, but about these transactions crossing international borders.

You’d find this model prevalent in many large-scale e-commerce businesses like Amazon or Alibaba. But, it’s not exclusive to these giants. Smaller enterprises are increasingly engaging in cross-border e-commerce as well. This trend extends their reach, enabling them to access global markets, not limited by geographical constraints.

However, you must appreciate that it’s not just about increased revenue opportunities. Cross-border e-commerce also presents unique challenges. For instance, you’ll have to navigate different country-specific regulations, customs duties, and shipping logistics. There’s also the issue of currency exchange rates and language barriers.

Moreover, cross-border e-commerce can impact your business’s taxation structure. For instance, you might be required to register for VAT in the countries where you’re selling. But, we’ll explore the VAT aspect more in the next section. For now, just remember that understanding cross-border e-commerce is vital for any business looking to expand globally.

Fundamentals of Value Added Tax

When exploring the world of cross-border e-commerce, it’s crucial that you grasp the fundamentals of Value Added Tax (VAT), a tax system widely implemented in many countries around the globe. Fundamentally, VAT is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. It’s based on the increase in value of a product or service at each stage of production or distribution.

As an e-commerce business owner, you’re likely to encounter VAT in two main scenarios: when you purchase goods or services, and when you sell them. When you buy, VAT is typically included in the price you pay. But when you sell, you’re expected to add VAT to your prices and collect it from your customers. It’s your responsibility to calculate and charge the correct VAT rates, which vary from country to country.

Understanding these basics will help you navigate the complexities of VAT compliance in an international e-commerce context. However, keep in mind that this is a high-level overview and VAT regulations can have many nuances and exceptions. Always seek professional advice to make sure you’re meeting your tax obligations.

VAT and International Trade

Diving into international trade, you’ll quickly notice that VAT plays an integral role, especially in the domain of cross-border e-commerce. When you sell goods or services across borders, different VAT rules apply depending on the origin and destination of the goods, and the location of the buyer and seller. It’s a complex system that requires careful guidance.

In the European Union, for instance, distance selling rules mean that if you’re an e-commerce business selling to consumers (B2C) in another EU country, you’ll generally need to charge VAT at the rate applicable in your customer’s country once your sales exceed a certain threshold. However, the rules can vary considerably outside the EU.

When it comes to business-to-business (B2B) transactions, the ‘reverse charge mechanism’ often applies. This means the buyer, not the seller, is responsible for accounting for any VAT due.

Digital products also have their own rules. For example, if you’re selling digital services to consumers in the EU, you’ll have to charge VAT at the rate of the consumer’s country, regardless of your location. Navigating these complexities is important to make sure you’re not under or overcharging VAT, a key aspect of international trade.

Importance of VAT Compliance

Understanding and adhering to VAT compliance is crucial for your cross-border e-commerce business, as it helps in avoiding legal complications, potential penalties, and promotes a smooth business operation. VAT compliance isn’t just about laws and regulations – it’s about upholding the integrity of your business while guaranteeing that your operations are above board.

Here’s why VAT compliance is paramount:

Preventing Legal Issues: Non-compliance can result in legal consequences, such as fines or even business closure.
Maintaining Customer Trust: Compliance reinforces trust among your customers, as they know you’re running a legitimate business.
Avoiding Financial Losses: Penalties for non-compliance can be hefty, leading to significant financial losses.
Ensuring Business Continuity: Compliance guarantees that your business can continue operating without interruptions from legal disputes or financial issues.
Boosting Business Reputation: Adherence to VAT laws and regulations enhances your business reputation and can attract more customers.

Challenges in Cross-Border VAT

Handling the complexities of cross-border VAT can pose significant challenges for your e-commerce business, particularly when it comes to understanding multiple tax jurisdictions, language barriers, and varying tax regulations. It’s not just about knowing the rates; it’s about understanding the nuances of each country’s system.

Firstly, managing multiple tax jurisdictions means you’re traversing a maze of different VAT regulations. Each country has its own rules, and they’re often complex and confusing. Without a deep understanding of these rules, you risk non-compliance, which can lead to hefty fines or even legal action.

Secondly, language barriers can compound these challenges. If you’re not fluent in the languages of the countries you’re dealing with, it can be tough to correctly interpret and apply their VAT regulations. Misinterpretation can result in inaccurate filings and payments, leading to penalties.

Lastly, tax regulations are fluid and frequently updated. Keeping up with these changes demands constant vigilance and adaptability. If you’re not on top of these updates, you could find yourself non-compliant without even realizing it. It’s a tricky landscape, and managing vat compliance for e-commerce businesses in the UAE requires significant time, effort, and expertise.

VAT Rules in Major Markets

While understanding VAT intricacies can be challenging, it’s essential to grasp the key VAT rules in major markets to guarantee your e-commerce business remains compliant and avoids penalties. Not all markets have the same rules, and it’s your responsibility to know and adhere to them.

Here’s a brief overview of VAT rules in key markets:

European Union: The EU applies a standard VAT rate, but each member state can set its own rates, ranging from 17% to 27%. Digital services sold to consumers are taxed in the customer’s country.
United Kingdom: Post-Brexit, the UK has a standard VAT rate of 20%, and digital services are also taxed at the consumer’s location.
United States: The US doesn’t have a VAT system but a Sales Tax system, which varies by state and product type.
Canada: Canada charges Goods and Services Tax (GST) or Harmonized Sales Tax (HST), depending on the province.
Australia: Australia applies a 10% Goods and Services Tax (GST) on most goods, services, and other items sold or consumed.

Knowing these rules, you can tailor your strategy for each market, ensuring compliance and profitability.

VAT Registration for E-commerce Businesses

After familiarizing yourself with the various VAT rules across different markets, the next step is to register your e-commerce business for VAT in the relevant jurisdictions. This isn’t a one-size-fits-all process, as registration requirements and procedures can vary greatly from one market to another.

In the EU, for instance, you’re required to register for VAT if you exceed distance selling thresholds in a member state, or if you’re storing goods in a particular state to facilitate delivery. On the other hand, countries like Australia require foreign businesses to register for GST if their Australian turnover exceeds a certain limit.

It’s pivotal to remember that VAT registration is a legal obligation and non-compliance can lead to hefty fines or penalties. Depending on the jurisdiction, you might need to provide business data, financial information, and identification details during the registration process. It’s also crucial to note that some jurisdictions require foreign businesses to appoint a VAT representative or fiscal agent.

In essence, VAT registration is an important step in your cross-border e-commerce journey. It’s complex but necessary, requiring careful consideration and thorough preparation.

Digital Services and VAT

Exploring the world of VAT on digital services can be a complex task, given the diverse and evolving legislation across different global markets. As an online entrepreneur, you need to understand these complexities to guarantee your e-commerce business remains compliant and competitive.

Here are some key considerations:

Place of Supply: Most countries’ VAT laws determine that digital services should be taxed where the consumer is located, not where the supplier is based. This means you’ll need to be aware of the VAT rates in each jurisdiction your customers reside.
Digital Services Definition: What qualifies as a ‘digital service’ can vary from country to country. You should comprehend the specific definitions in your target markets.
VAT Registration Thresholds: Some countries have thresholds for VAT registration, below which you may not need to register or charge VAT.
Tax Representation: Certain countries require foreign businesses to appoint a tax representative. This representative is liable for your VAT obligations.
Reporting and Record-Keeping: VAT laws often require detailed records and regular reports. Make sure you’re familiar with these requirements.

Managing VAT Refunds Internationally

In addition to managing the complexities of VAT on digital services, you’ll also need to handle VAT refunds in various international markets. Each country has its own set of rules for VAT refunds, and it’s important to understand these to guarantee compliance and avoid unnecessary costs.

For instance, some countries require businesses to have a physical presence in the country before they can claim a VAT refund. Others may require a local fiscal representative to handle refund requests. You’ll need to know these requirements and plan accordingly.

It’s also important to be aware of the time limits for claiming VAT refunds, as these can vary widely between countries. Some countries require claims within three months of the transaction, while others allow up to five years.

You’ll also need to manage the administrative tasks associated with VAT refunds. This includes accurately documenting transactions, submitting refund claims in the correct format, and dealing with any queries or issues that arise during the refund process.

In short, managing VAT refunds internationally requires detailed knowledge of local regulations, careful planning, and meticulous record-keeping. It’s a complex task, but one that’s essential for successful cross-border e-commerce.

VAT and Customs Duties

Delving into VAT and customs duties, you’ll find that these costs can greatly impact your cross-border e-commerce business, requiring a keen understanding of international trade laws and regulations. These expenses can accumulate and notably influence your pricing strategy and overall profitability.

Factor in the following aspects to grasp the full picture:

Value-Added Tax (VAT): This is a consumption tax placed on products whenever value is added at each stage of the supply chain, from production to the point of sale. VAT rates differ per country.
Customs duties: These are tariffs or taxes imposed on goods when transported across international borders. They can vary greatly depending on the type of goods and the origin-destination countries.
Import and export regulations: Countries have different rules for importing and exporting goods. Non-compliance can incur fines or, in extreme cases, complete business shutdown.
Trade agreements: Some countries have agreements that allow for reduced or zero customs duties. It’s essential to know these to lower costs.
Incoterms: These are global standard trading terms that define who’s responsible for shipping, insurance, and tariffs in international trade.

Understanding these aspects, you’ll be better positioned to navigate VAT and customs intricacies in your e-commerce venture.

Best Practices for VAT Compliance

Now that you’ve got a grip on the complexities of VAT and customs duties, let’s move on to understanding the best practices for VAT compliance in cross-border e-commerce.

Firstly, it’s important to keep your business’s VAT registration up-to-date. Regularly verify your VAT obligations in the countries you operate in. Legislative changes can alter your compliance requirements.

Secondly, maintain accurate record-keeping. All your transactions, invoices, VAT payments, and refunds should be meticulously documented. This not only helps in audits but also in identifying potential VAT reclaim opportunities.

Thirdly, consider using technology to your advantage. VAT management software can automate calculations, reducing human error and saving time.

Conclusion

Traversing the VAT maze in cross-border e-commerce isn’t a walk in the park. It’s a complex dance, with every misstep potentially leading to hefty fines or damaged reputations.

But fear not – with a solid grasp of VAT fundamentals, expert advice, and a commitment to best practices, you can glide through this tricky terrain with grace.

Remember, it’s not just about dodging pitfalls, it’s about seizing the golden opportunities in the global marketplace.

Commencis Unveils New Turkish LLM for Banking and Financial Services

Business

News Desk

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15/05/2024

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Commencis Unveils New Turkish LLM for Banking and Financial Services

Commencis LLM, developed utilising high-performance GPUs and specifically tailored datasets, offers remarkable Turkish language capabilities and extensive customisation options for the financial sector. The model can be scaled to various other sectors such as aviation, insurance, and telecommunications. Engineered to enhance user experience and operational efficiencies, Commencis LLM adheres to the strictest security standards, providing on-premise installations to ensure unparalleled data privacy.

As a pioneer in digital transformation technology, Commencis has launched a Turkish-specific large language model (LLM), specifically engineered for the banking and financial services sectors. The model, which is trained on customised datasets designed to address the unique requirements of these industries, is crafted to automate customer service, content generation, and data analysis for both users and clients.

Commencis LLM was developed using sector-specific needs and customizable data sets and has the capability to improve user experience in critical functions such as live support and data analysis. The model’s versatility allows it to be customized and adapted across other sectors including aviation, insurance, and telecommunications, in addition to banking and finance. Developed to the highest privacy and security standards, the Language Model comes with an on-prem installation option, allowing companies to use Commencis LLM with full security within their own infrastructure.

Language model with highly advanced Turkish language skills

Commencis LLM is the product of extensive research and data production and training activities on language models such as Llama 2, Mistral, Zephyr, and OpenChat 3.5. During its development, the Commencis engineering team executed extensive optimization on Amazon Web Services’ high-performance GPUs (graphics processing units) over three months. As a result, a language model with highly advanced Turkish language skills emerged, capable of supporting an AI based chat assistant that can respond to user requests and handle question-answer capabilities in various fields, particularly in banking and finance.

Firat Isbecer, Co-founder and CEO of Commencis, said, “With over 20 years of experience in the industry, we have collaborated with leading banks and financial services providers to create some outstanding digital success stories.”

Reducing costs for financial services providers

“Commencis LLM is designed to bring its depth of understanding and interaction capabilities to bear on providing a better customer experience and to increase the speed of problem-solving in financial services. This will help both reduce costs and improve the quality of current digital services offerings at banks. Looking ahead, our focus will be on helping our clients increase customer loyalty and on providing them with a competitive advantage through hyper-personalization and rapid response technologies,” Isbecer added.

Commencis is a leading provider of the latest technologies in digital banking products, payment, identity verification, and end-to-end customer experience solutions in the financial services industry. The use of artificial intelligence will enable companies to gain a better understanding of customer behaviors, enable the offering of more personalized services, further automate transaction processes, and enhance security measures.

Motivational Business Leaders – Ruth Kennedy, CEO at TalkTalk Business

Business

News Desk

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15/05/2024

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Motivational Business Leaders – Ruth Kennedy, CEO at TalkTalk Business

In 2024, Linda Walmsley, business owner and seasoned interviewer at Walmsley Wilkinson, a UK executive recruitment firm, continues her insightful interview series with business leaders noted for their inspiring leadership qualities.

Profile

A highly experienced senior executive with more than 20 years’ experience in telecommunications, Ruth joined TalkTalk in 2011. Since then, she has held a variety of senior roles across sales, commercial and operations in TalkTalk’s Wholesale (now known as PlatformX Communications Ltd.) and Group Business Units.

Ruth has a proven track record of enhancing operational performance and driving transformational changes to yield outstanding, sustainable results. Her inspiring leadership style, coupled with her ability to adapt to all situations, has enabled her to motivate and lead her teams to deliver exceptional business performance while maintaining the highest levels of professionalism and integrity. As Chief Executive Officer of TalkTalk Business, Ruth is focused on delivering best-in-class customer experience, optimising operations and driving product innovation for the over 80,000 UK businesses it serves.

Outside of TalkTalk Business, Ruth is involved in a significant amount of charity work, having most recently been appointed as Trustee of Wearside Women in Need (WWIN) – a charity established to provide specialist domestic abuse support.

Interview

What were your career aspirations when you were younger?

I wanted to be a nurse in the Army. It wasn’t a burning desire, but I clearly remember that I felt I needed something that motivated me and something that was very structured with direction, so the Army ended up being a great choice for me. There’s a lot of pressure on young people now to make a decision at that age. For me at that age, it was more about what I would find interesting rather than career aspirations.

Who or what, has inspired you in your life and career?

I believe you gain something from anyone that you look up to – whether it’s a peer, a leader in the industry, a politician or a person who has done great charity work. I genuinely believe you can learn something good and bad from everyone. So regardless of how many may feel about her now, Margaret Thatcher has always been an influence and as a trailblazing female leader, I admire her story. To be the first female Prime Minister – at a time when it was unheard of for women to have such power – is nothing short of exceptional. She’s the embodiment of determination and strength and reached the very top of her profession. And when you consider she was also a mother of two, I look back and think how hard that must have been. and what an achievement.

What five words best describe you?

Organised, Determined, Decisive, Fair and Fun

Do you have a favourite saying or quote?

It’s not a quote, however I have a couple of sentiments I live by – You’re always in charge of your own destiny and something else I remind myself of and my team is to always think about people’s intent. Just because you might take something one way, is that really their intent of what they were trying to say? Think of the bigger picture. The way you interpret something is your perception and may be quite different from the intention.

Is there a particular technology you are passionate about?

I think it’s really important to understand the benefits of AI and what it can do, not only for TalkTalk Business, but for the wider community. As a leader in the tech sector, I think it’s essential that we recognise the incredible potential of AI and embrace the positive change it can bring. People may worry about AI’s impact on them and their role – and this is an understandable response – so it’s important to manage people through that, to help them understand that change can be a good thing and how we can make the best of it. AI is a key focus for us at TalkTalk Business.

How should the Human Resources function operate within any business?

As of September 2023, we have demerged from the TalkTalk Group and are proud to be operating as a standalone business with our own strategy. With this new independence, we have established a number of new functions and systems which were previously covered by Group, including our own HR function with our own HR systems. I have always worked in large organisations where you already have a HR resource, so this process has been a real education!

For me, HR is very much about the employee – they are pivotal. HR is a critical part of the management team and I think they should be engaged in every part of the decision-making process. Our People Director is with us from the beginning to the end of every conversation – we have to make sure that we’re doing the right thing for the employee and the business.

Has workplace diversity and inclusion now become embedded or is there still much more to do?

I’m pleased that at TalkTalk Business, we are very strong in this area. I’m proud to have a leadership team equally split in terms of gender diversity and we have no shortage of brilliant female talent at every level of the business. So, from this point of view, I don’t feel there is much more we need to do, although I recognise the importance of keeping a constant check on ourselves to ensure we continue on the right path.

However, I do believe that within the wider tech industry, there is more work to be done, with only around 26% of tech workers being female. Personally, I would also like to see a greater focus on promoting inclusivity for people with disabilities. How do we replicate the same great progress in this area as we have in the realm of male/female diversity and ensure that people with autism and neurodiversity issues, for example, can truly feel part of the workplace. I don’t think we’re quite there yet.

We work closely with Ambitious about Autism, and they have an Employ Autism programme, which TalkTalk Group are part of and we’re looking to participate in in the future. That’s where I think the next big step is. We will continue to hold ourselves to account in every way, from a female representation perspective, from an LGBTQ+ perspective and ensure that our policies are fit for purpose to support that element of wider inclusion as well.

What legislation would you amend or implement to support UK business?

I feel there is more the Government can do with regards to the Apprenticeship Levy and that this could benefit from reform. As the mother of a 16- and 18-year-old, I do think about how they and others can gain access to more options when they’re leaving school and the different routes they could potentially take. I believe the Apprenticeship Levy could offer broader and more effective support to young people than it does now.

In your opinion what elements are key to being a successful CEO?

I think for me, whether it’s a CEO or a senior leadership team remit, my job is there to motivate, develop and mentor people, making sure that everyone understands what they need to do and how they need to do it. I think why I have been successful is because I am a very fair, transparent person; I am clear and decisive on what needs to happen. I believe if you keep everybody motivated and empowered to be able to perform their role, then that creates the strong foundations to bring success for the wider team and drive business performance.

What is your biggest career highlight or achievement to date?

I am delighted to be leading TalkTalk Business into its next stage. It’s a wonderful opportunity. I’ve had a fantastic career within the TalkTalk Group, and I feel very privileged to have been able to learn from some of its great leaders, such as Tristia Harrison and Charles Dunstone. I think for me, over the last five years, I’ve been supported to take on a variety of different roles within the organisation. Every one of these experiences has been invaluable in shaping my growth, so while I can’t pinpoint it down to a single opportunity, I must acknowledge the immense support from Tristia and the wider opportunities she gave me to take experience from the Group.

What’s next for you and TalkTalk Business?

Since becoming a standalone entity last September, we’ve started a brand-new chapter with our own shareholders and complete independence from the TalkTalk Group. With this new autonomy, our destiny is firmly in our hands and we have a huge opportunity to take our business to the next level. We have been part of this wider group structure for the last 20 years and are currently hard at work demerging and untangling these systems and processes and establishing our own. We have our own HR, Finance and IT systems in place and the next year is all about setting ourselves up for success. Once these essential components are firmly bedded in, we will start looking for other opportunities.

We’re going to be more forward-looking and think bigger than ever. We’re laser-focused on embracing digital automation and we’re going to expand our portfolio with new and exciting products and innovative offerings. And throughout, our priority will remain to delight our customers and empower them to exceed their ambitions.

What I keep saying to all my team is we have to get the next year right. If we don’t get the foundations right, then we won’t be able to do any of the exciting stuff in years two and three. It’s a really, really pivotal time for us as we set ourselves up with our own identity, potentially a new office location, a new leadership team – so watch this space.

US PGA Championship: Tiger Woods not feeling sharp ahead of Valhalla return

Other Sports

Alex Hoad

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14/05/2024

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US PGA Championship: Tiger Woods not feeling sharp ahead of Valhalla return

Tiger Woods admits the dream of a second major win at Valhalla have not been helped by his lack of on-course practice.

Nobody has won more than the 48-year-old’s 82 PGA Tour victories while one of his 15 Major titles came in the PGA Championship at the Louisville course in 2000.

After barely escaping a devastating car accident just over three years ago with his life, the odds on him adding to his haul back in Kentucky this weekend are about as long as they have ever been for a Woods win – with up to 300-1 widely available.

Speaking in a pre-tournament media conference, Woods admitted: “I wish my game was a little bit sharper.

“My body’s ok. It is what it is. I’m always going to feel stiffness and soreness in my back, I just need other body parts to feel better.”

He added: “I don’t have a lot of competitive reps, so I am having to rely on my practice sessions and getting stuff done either at home or here on-site.

“But at the end of the day, I need to be ready mentally and physically come Thursday, and these days of practicing, eating on the golf course, that’s one of the reasons I came up here on Sunday was to knock off some of the work that I have to do in charting greens, get all that stuff done early, so I can focus on literally playing and plotting my way around.”

The four-time US PGA Champion joked the Valhalla course isn’t too challenging ‘if you just stay out of the rough.’

Woods also revealed talks were ongoing about him captaining the US team at the Ryder Cup in New York next year but added: “There is nothing that has been confirmed yet. And if I have the time. I don’t want to fulfil the role of captaincy if I can’t do it – I need to give it the time it deserves.”

Woods would not be drawn on negotiations between the PGA and Saudi PIF, adding: “We’re making steps. It may not be giant steps, but we’re making steps.”

Asked if he was personally open to a deal with the Saudis, he merely replied: “I am personally involved in the process.”

Heat Press Direct encourages DIY enthusiasts to transform crafting experience

Hobbies

Helen Greaney

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14/05/2024

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Heat Press Direct encourages DIY enthusiasts to transform crafting experience

The do-it-yourself (DIY) crafting community is continuing to expand, with an increasing number of British households embracing DIY, either to save money, start a small business, or as a hobby. With Heat Press Direct, crafting at home has never been simpler.

No need for complicated tools – Heat Press Direct provides cutting-edge heat press machines and accessories that anyone can use, whether you’re a beginner or an expert.

Transforming inclusive crafting

As more British families get into DIY crafting, some as a side hustle, running a small crafting business, or just for fun, with Heat Press Direct, there are no preventative steps to getting your family crafting. Whether you are adding designs to clothes, making personalised gifts, or creating home decor and completing DIY projects. Heat Press Direct’s goal is to make crafting easy and enjoyable for everyone, so you can bring your ideas to life without any hassle, in the comfort of your home.

With DIY crafting gaining traction for various reasons, Heat Press Direct emerges as the go-to solution, eliminating barriers to family crafting endeavours.

Affordable DIY & crafting solutions

Heat Press Direct is leading the charge in the DIY crafting industry, prioritising affordability and accessibility to empower aspiring creators. By cutting unnecessary costs and simplifying the purchasing process, Heat Press Direct is reshaping the landscape of artistic pursuits, ensuring that no one is priced out of their passion. By offering cost-effective solutions tailored to the needs of budding crafters and creators, they’re making DIY crafting accessible to everyone and encouraging everyone to join in.

Driving positive change

In a recent statement, the founder and CEO of Heat Press Direct underscored the company’s commitment to driving positive change within the DIY crafting industry stating, “At Heat Press Direct, we believe that everyone possesses the ability to create something extraordinary. Our mission is to provide the tools needed to unlock that potential and transform the way people approach crafting.”

The impact of Heat Press Direct’s innovative approach is palpable, resonating with DIY enthusiasts worldwide who have eagerly embraced the opportunity to revolutionise their crafting experience at home. The versatility of their dynamic heat press machines and accessories means the possibilities are virtually limitless, empowering individuals to explore new avenues of creativity.

Whether crafting for pleasure, profit, or a meaningful cause, DIY enthusiasts who are eager to transform their crafting routines from the comfort of home are captivated!

Crafting made simple

Heat Press Direct’s cutting-edge heat press machines and accessories simplify the DIY crafting process. These versatile machines can be used for various crafting projects, such as transferring designs onto clothing, creating personalised gifts, and decorating home decor items.

By offering user-friendly heat press machines and accessories, Heat Press Direct makes DIY projects more accessible to both beginners and experienced crafters. This convenience allows individuals to engage in crafting from the comfort of their own home, eliminating the need to venture out and incur additional commuting expenses. This emphasis on simplicity and accessibility aligns with Heat Press Direct’s mission to democratise the DIY crafting experience, ensuring it is accessible to everyone, regardless of their skill level or prior experience.

Looking ahead, Heat Press Direct shows no signs of slowing down, with plans to continue expanding its product offerings to meet the evolving needs of the DIY crafting community. By staying true to its core values of innovation, accessibility, and empowerment, Heat Press Direct is poised to inspire a new generation of creators and revolutionise the way the world approaches crafting.

As DIY fans everywhere get excited about Heat Press Direct’s changes, it’s clear: crafting’s future is super bright. With so much creativity and innovation available, people worldwide are set to change what it means to be a crafter in the 21st century and beyond.

Tips to support employee wellbeing and mental health

Lifestyle and Wellbeing

Helen Greaney

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14/05/2024

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Tips to support employee wellbeing and mental health

Workplace wellness is an important topic for every company to consider, and one that calls for continual improvement.

It’s Mental Health Awareness Week and as employee recognition software experts Mo have found, recent statistics paint a troubling picture of the current state of affairs.

According to the Department for Work and Pensions, more than 20,000 people in the UK are absent from work every month, as a result of poor mental health.

At the end of April, UK prime minister Rishi Sunak spoke about those out of work due to poor mental health, stating that people in this situation should receive the care they need, but should not be told that they are unable to work.

Meanwhile, Labour leader Sir Keir Starmer seeks to “overhaul” the nation’s approach to mental health if he wins the election.

Every company, regardless of political leanings, should prioritise the promotion and support of positive mental health in the workplace. The power to effect positive change lies with HR teams, managers, and company leaders. A positive culture is the foundation of happy employees.

Below are a number of strategies and considerations businesses should take when approaching mental wellbeing in the workplace.

Strategies for enhancing workplace mental health

Enhanced employee access to mental health resources

Given the significant rise of 275,000 cases of work-related stress or anxiety since the pandemic, it’s vital for employers to acknowledge and understand the pressures placed on their employees and provide them with suitable and accessible mental health resources and support systems. Services like counselling and stress management classes might be part of this effort, as could collaborations with mental health experts.

Performance statistics

Employee performance data can be very useful as a way to identify staff members who may be experiencing a downturn in their mental health. If your company tracks performance, time management and quality of work, it’s important to view these as more than a way of “keeping tabs” on your staff (especially important for remote businesses). A decline in any of these areas could highlight someone in need of support, rather than disciplinary action.

This is a tricky landscape to navigate, however, and one that should be approached with caution; a report from the American Psychological Association revealed that a little over half of workers who are monitored by their employer typically feel tense or stressed out at work as a result of being monitored. Make sure your staff understand that performance monitoring is meant to be a constructive tool, not a type of micromanagement driven by mistrust, by communicating your aims to them.

Policy reforms for mental health

Businesses might also take a page out of the political rhetoric of late and revamp their internal procedures in order to better assist their employees. In order to better address mental health issues, this involves making revisions to sick leave rules and benefits. “Duvet days” have become commonplace in many companies, allowing workers to take a sick day without penalty. These days are created for those times when a person is physically capable of working but does not feel emotionally or psychologically prepared for the day.

Training for better mental health management

Managers – and their ability to have fair and positive interactions with staff – can be a make-or-break when it comes to assisting those struggling with their mental health. In addition to learning to recognise the signs of mental distress, senior staff should work on creating a caring strategy for dealing with it. The increasing incidence of work absences caused by mental health issues highlights the need to grasp the delicate balance between employment and mental health demands.

Useful resources for training

Mental health charity Mind offers a variety of training options tailored to individual needs, including in-person and virtual training sessions. Their courses go over things like raising awareness about mental health, creating a work environment that supports mental health, and how to be there for someone who is struggling with mental health.

Mental Health UK’s Workplace Mental Health Program is designed to assist organisations create a psychologically safe workplace. Depending on the specific requirements of each company, it offers individualised training and mental health champion programs.

Bespoke Mental Health‘s training features online workshops and webinars in evidence-based psychological therapies, offered both live or on demand.

Building a supportive culture

Whether you’re aware of it or not, there is an ongoing debate throughout the corners of the internet over whether employees should disclose their mental health to their employers. While many argue that it can only be a good thing, others are still concerned about how their employer will see them, and a potential shift in perceptions of their ability to perform their duties.

Clearly, a visibly honest and openly supportive workplace culture is essential in today’s day and age. Initiatives such as regular mental health awareness sessions, encouraging open conversations about mental health, and de-stigmatising mental health issues within the workplace are essential. Overall, employees should feel confident in speaking up and seeking help, without fear of judgement or negative repercussions.

Work to be done

The evidence is clear: the mental health crisis is not only a public health concern but a workplace crisis that affects productivity and employee satisfaction. As business leaders and managers, there’s an obligation to adopt and advocate for mental health practices that not only support employees in managing their mental health, but also contribute to a more dynamic, engaged, and productive workplace.

By basing policies on the latest data and trends, we can ensure that our workplaces become sanctuaries of wellbeing that actively contribute to the overall mental health of our employees. This proactive attitude is not a benefit, but a necessary step for creating a thriving workplace in today’s challenging times.

Sustainable housing: Changing the UK property market in 2024

Property

Helen Greaney

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14/05/2024

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Sustainable housing: Changing the UK property market in 2024

In the current UK property market, there’s a growing interest in sustainable housing among homeowners and buyers. This trend leads to a preference for eco-friendly and energy-efficient homes, which is expected to continue throughout 2024 and beyond.

Overview of sustainability and the UK property market

In the UK property market, the persistent demand for housing is outweighing availability, resulting in escalating prices and increased challenges for homeownership. Simultaneously, there’s more public concern regarding energy efficiency and climate change.

However, the ongoing cost-of-living crisis is the main contributor to the surge in demand for energy-efficient homes. Consequently, sustainable housing is rising, aligning with buyers’ preferences for energy-efficient options.

Top 5 methods to improve a home’s energy efficiency

Numerous strategies are available for homeowners seeking a more sustainable and energy-efficient home. Here are our top five methods:

Energy-efficient design: Elevate energy efficiency through enhanced insulation to minimise heat loss and decrease dependence on older heating systems. Explore renewable energy systems like solar panels or advanced technologies such as heat pumps. Even basic adjustments like switching to LED bulbs offer a straightforward yet impactful way of enhancing your property’s energy efficiency.
Sustainable materials: One component of sustainable housing involves using environmentally friendly materials, often ethically sourced, and incorporating recycled or reclaimed elements. For instance, contemplate utilising recycled materials or choosing bamboo flooring as a sustainable substitute for traditionally used hardwoods.
Integrate water-saving technologies: Consider water conservation to enhance your home’s sustainability. Prioritising these approaches can mitigate water wastage and lower water-related expenses. Examples include using low-flow fixtures: these will reduce water usage whilst still working effectively. Greywater recycling systems will repurpose wastewater for activities like toilet flushing, saving freshwater resources.
Smart home systems: Smart home systems are gaining popularity in both new constructions and existing properties, providing enhanced energy optimisation features. These systems allow remote monitoring and control of various home functions, offering convenience and increased savings on energy bills. Examples include:

* Modifying heating and cooling settings according to weather conditions and occupancy.

* Automatically adjust lighting levels to reduce energy usage.

* Monitoring indoor air quality to ensure the best levels of ventilation.

5. Electric charging ports: As electric vehicles become increasingly popular, more households are installing electric vehicle charging stations, enhancing accessibility to electric cars. Even if you don’t currently own an electric car, installing a charging station is a forward-looking investment for the future. These stations also enhance the resilience and future of sustainable homes, anticipating the continued growth in electric car uptake.

Advantages of energy-efficient housing

The advantages of sustainable housing go beyond environmental benefits, including a better quality of life and improved financial stability:

Cost efficiency: Sustainable homes offer reduced utility bills thanks to their energy and water-efficient design. Features like energy-saving appliances and insulation lead to monthly savings, contributing to long-term financial security.
Enhanced indoor air quality: Sustainable homes prioritise indoor air quality using renewable materials and smart technology. This reduces the need for increased ventilation in older homes constructed with poorly made materials.
Increased property values and market appeal: With a growing demand for eco-friendly living spaces, sustainable homes typically gain higher property values and attract more buyers in the UK market. Features such as solar panels and green certifications enhance marketability, ensuring long-lasting value and quicker selling times.
Improved comfort and lifestyle: Sustainable houses prioritise homeowner comfort and well-being. With efficient heating and cooling systems and smart home technology, they offer homeowners higher comfort, convenience, and functionality.

Challenges and considerations for sustainable housing

Despite the evident benefits we’ve discussed, several barriers still threaten the widespread adoption of sustainable housing practices. Let’s examine some of these challenges:

Higher initial costs: The high initial expenses associated with sustainable materials and technologies, as opposed to traditional methods, can deter homeowners despite the evident long-term savings.
Limited labour and expertise: Another obstacle to adoption is the shortage of skilled labour and expertise in sustainable construction practices. Implementing sustainable features in both new and existing homes requires specialised knowledge.
Difficulty accessing financial support: Despite available financial incentives for renewable systems and sustainable building practices, navigating them can be challenging. Consequently, individuals may be unaware of the initiatives they’re entitled to and are therefore less likely to pursue them.

Efforts are underway to simplify the process of accessing energy-efficient housing features. There’s a growing awareness of the services and schemes available to those interested in sustainable housing. For instance, the government offers various schemes like the Help to Heat scheme to alleviate the financial burden of implementing sustainable features.

Conclusion

In conclusion, the emergence of sustainable housing signifies a transition in the UK property market, driven by consumer preferences, governmental initiatives, and technological advancements. Embracing sustainability is vital as we progress, representing a lasting investment for those contemplating a new property or upgrading their current one.

If you’re considering transitioning to a more sustainable and energy-efficient home, webuyanyhouse.co.uk offers the option to sell your current property in as little as three days.

Mirabaud Bank Bolsters UK Wealth Management Presence with Senior Hires

Blog

News Desk

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14/05/2024

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Mirabaud Bank Bolsters UK Wealth Management Presence with Senior Hires

Swiss bank Mirabaud is strengthening its U.K. operations through a series of senior hires.

Headquartered in Geneva, Mirabaud is a privately held banking and financial services firm with an over 200-year history. While the company has maintained a global presence across Europe, the Americas, Asia, and the Middle East, it has traditionally played a smaller role in the lucrative U.K. market. However, a series of high-profile hires aimed at strengthening Mirabaud’s U.K. wealth management operations could signal a greater focus on the United Kingdom.

Expanding the UK Team

The latest addition is Jonathan Unwin, appointed in December 2023 as Mirabaud’s U.K. head of portfolio management.

In his new role, Unwin will oversee the management of Mirabaud’s discretionary client portfolios in the U.K., reporting directly to Stuart Bates, the company’s U.K. market head. Unwin brings nearly 16 years of experience in the industry, having previously managed portfolios worth over £3 billion (approximately $3.75 billion) at Credit Suisse’s London office.

Prior to joining Mirabaud, Unwin spent several years at Banque Havilland in Luxembourg, where he played a central role in establishing the bank’s discretionary platform. He served as the lead manager for multiple model strategies and customized accounts. His responsibilities expanded to include chairing the bank’s investment committee, where he oversaw asset allocation decisions, managed client portfolios, and was instrumental in client acquisition and relationship management. Unwin’s expertise has earned him recognition; he was named a Top 30 Influential Fund Selector by Citywire in 2019 and featured as a Recommended Wealth Manager in Spears Top 500 in 2022.

“With 200 years of entrepreneurial expertise, Mirabaud’s track record as a steward of wealth across the generations is well established, and its further expansion in the U.K. wealth management space makes this a particularly exciting time to be joining the business,” said Unwin in a press release announcing the hiring. “I look forward to working with the outstanding U.K. team to deliver truly curated, agile investment solutions and the very best client service.”

Unwin’s appointment follows the additions of Joe Knight and Liam Jones to director-level positions in August 2023. Knight, who joined from UBS, will serve as Mirabaud’s U.K. managing director, while Jones, also from UBS, will advise the firm’s high-net-worth clients.

In a statement, Bates said the new hires would “fortify and expand our U.K. wealth proposition” and deliver an “excellent level of service to both our existing and future clients, exemplifying our relentless commitment to growth and excellence in the U.K. financial landscape.”

The Bigger Picture

Mirabaud’s push into the U.K. is part of a broader effort by the firm to expand its global footprint. Founded in 1819, it has weathered numerous economic storms over the decades, maintaining a reputation for prudent management and a commitment to discretion that’s made it a trusted partner for high-net-worth individuals and families around the world.

The firm’s international growth has been a central part of its strategy in recent years. It expanded its operations in the Middle East in 2019 with an office in Abu Dhabi, United Arab Emirates, and recently pledged to double its assets under management in Latin America to $8 billion by 2030.

It reported solid financial results in 2023. Despite challenges like a stronger Swiss franc and high interest rates, Mirabaud posted a consolidated net profit of 31.3 million Swiss francs (about $33 million) for the year, compared to 32 million Swiss francs in 2022. Its operating profit was 42.4 million Swiss francs, up from 2022’s 40.5 million Swiss francs.

As of the end of 2023, Mirabaud managed 30.2 billion Swiss francs in assets, including 6.4 billion Swiss francs from its asset management division. Revenue increased to 309.9 million Swiss francs, driven by higher net interest income offsetting declines in fee income. Operating expenses totaled 248.3 million Swiss francs.

“Mirabaud’s results for the 2023 financial year are in line with our long-term strategic objectives and also reflect the prudent and high-quality management of our balance sheet, as well as our group’s financial soundness,” says Yves Mirabaud, senior managing partner.

The firm continued investing heavily in long-term growth initiatives. This included a digital transformation of its private banking arm, developing new investment solutions for evolving client needs, and recruiting advisors globally. It also expanded its private investment capabilities through a partnership focused on agritech and transforming food systems.

Today, Mirabaud employs a staff of more than 700 and operates more than a dozen offices in 10 countries across four continents, including London, Paris, Milan, Madrid, Spain, Montreal, Sao Paulo, Dubai, United Arab Emirates, and Montevideo, Uruguay.

See more recent Mirabaud news here: https://www.wealthbriefing.com/html/article.php/Mirabaud-Adds-Senior-Banking%2C-Finance-Figures-To-Swiss-Entity%27s-Board

Which psychotherapist career path is right for me?

Education

News Desk

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14/05/2024

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Which psychotherapist career path is right for me?

Becoming a psychotherapist is an extremely rewarding endeavour. Psychotherapy, or talk therapy as it’s commonly known, can help individuals improve their emotional and psychological wellbeing and create positive changes in their brain and body; tackling the ways in which they deal with their emotions and prevent unhealthy behaviours.

However, it’s also a profession that comes with significant challenges: the emotional burnout from demanding clients and gruelling hours, financial demands that have the potential to strain your personal life, and even the risk of clients making a compensation claim against you for malpractice, threatening your livelihood.

To protect yourself, ensure proper training and insurance coverage for you and your staff. As the experts at Salon Gold explain, “While your advice may be well-intentioned and come from years of experience, your client may not always feel the same way, and they could allege you’ve actually made their condition worse.” Investing in psychotherapy insurance offers a safeguard for your business and clients. It protects from financial losses otherwise unavoidable in a worst-case scenario.

That’s why picking the right career path within the profession is so important — although the role of a psychotherapist can be incredibly rewarding, navigating through its challenges can significantly impact one’s mental well-being. If you’re considering pursuing psychotherapy as a career there are various career paths to consider. From Cognitive Behaviour Therapy (CBT) to Holistic, this article will assist you in choosing the psychotherapy profession right for you.

Cognitive Behaviour Therapy (CBT)

CBT is regarded as the gold standard for treating a variety of mental health conditions, most commonly depression or anxiety. It’s based on the concept that a person’s thoughts, feelings and physical sensations and actions are interconnected. By helping someone to deal with their overwhelming problems in smaller parts, CBT aims to end the negative cycle of thoughts and feelings of those suffering with their mental health experience. It combines cognitive therapy (examining the thoughts of an individual) with behaviour therapy (examining the learned patterns and behaviours of a person), and, for that reason, can be used to treat a host of mental health problems. If you’re someone who is interested in treating individuals from this dual mind-action perspective, CBT therapy may be the psychotherapy career path for you.

BACP, the lead organisation for Cognitive Behavioral Therapy in the UK and Ireland, states that to train in CBT you’ll need a background working in health or social care and a degree — or equivalent level of academic achievement. If you currently possess these requirements, you can begin your CBT career journey by taking an accredited training course, which is often the equivalent of a postgraduate certificate, postgraduate diploma or Master’s degree.

Dialectical Behaviour Therapy (DBT)

DBT is an evidence-based therapy derived from Cognitive Behavioural Therapy. While it has similarities with CBT, Dialectical Behavior Therapy was originally developed for those suffering with borderline personality disorder (BPD). Mind, the UK-based mental health charity, states that DBT is specially adapted for people who feel emotions very intensely. As well as BPD, it can help with individuals struggling with issues such as self-harm, suicidal thoughts and attempts, depression and addiction problems. If you’re interested in helping those dealing with severe mental health problems, it may be worth considering a career in DBT.

To pursue a career in DBT, you’ll need prior experience, a relevant degree and further intensive training. British Isles DBT Training offers a one-day taster workshop designed to give an overview of Dialectical Behaviour Therapy — this might be worth exploring before you continue your DBT journey.

Humanistic Therapy

In the mid-20th century, humanistic psychology gained popularity in opposition to the two mainstream psychological trends of the time — behaviourism and psychoanalysis. Humanistic psychology postulates that individuals can realise their full potential when they reach self-actualisation. Humanistic therapy grew from this psychological perspective, and is an approach that centres the potential for growth rather than emphasising a set of symptoms or a diagnosis. Humanistic therapy isn’t dependent on an individual’s mental health disorder or illness, but focuses on helping someone develop a strong sense of self and find purpose and meaning in their life.

To become a qualified humanistic psychotherapist, you’ll need training and accreditation from a UKCP approved organisation. You can find a list of institutes and schools where you’ll be able to access this sort of training on their website.

Psychoanalytic Therapy

Psychoanalytic therapy is rooted in the idea that each individual is motivated by unconscious desires, thoughts, emotions and memories. It aims to bring deeply buried thoughts and feelings to the conscious mind so that repressed experiences (often from childhood) can be examined. This form of therapy is based on Freud’s theories of psychoanalysis, which theorise that individuals can only deal with their conflicts when unconscious thoughts are brought to the forefront. He argued that if this is not done, buried conflict will cause neurosis and internal strife.

The British Institute of Psychoanalysis states that while you will need an undergraduate degree to apply for their training course, they welcome applications from people of all ages and backgrounds. They train those who are near the beginning of their careers and also those who are changing professional direction. The training is best suited to those who are curious about “their own and others’ internal lives, and the unconscious mind”. If you possess these traits and enjoy intellectual challenges and complex ideas, it might be worth pursuing a career in psychoanalytic therapy.

Holistic Therapy

Also known as integrative therapy, holistic therapy utilises multiple psychological approaches. Enabling a more individualised approach to treatment, it tends to focus on the relationship an individual has between their mind and body, in an attempt to address the issues in “one aspect of a person can lead to concerns in other areas”. It can include a combination of cognitive, behavioural, psychodynamic and humanistic techniques.

Holistic therapy focuses much more on the relationship between the client and the psychotherapist compared to other theoretical approaches. This means that most training programmes for this discipline emphasise experience over theory, and you’ll have to participate in personal therapy. You’ll also be expected to complete a minimum of 100 clinical hours — and for UKCP or BACP accreditation, you’ll be required to complete 450 clinical hours in total.