Archive for November, 2016

We’ve got maths and money on our mind

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As part of our commitment to being a Responsible Business and to provide Financial Education for Future Generations, colleagues from the One Advice Group have been helping young people in Greater Manchester learn more about good money management; having loads of fun playing our PayDay game.

It’s all part of our support for Numbers at Work, a programme initiated by Manchester Airports Group (MAG) and BW3, which makes learning maths fun in real life situations. Also involved are City in The Community CITC – Manchester City FC, Microsoft, Shell and  Wythenshawe Community Housing Group  WCHG  – WOW Zone.

To engage young people with maths and money management in a fun and interactive way, One Advice Group employees collectively created a board game called PayDay. At the start of each round, players collect a salary and then immediately have to calculate and pay their bills. Around the board are opportunities to pick up Chance and Fun cards and players must decide to spend or save. We encourage players to understand the consequences of their decisions and to proactively manage their money.

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Every time we play the game, be it with 6 or 16 year olds, we get a great reaction –  😊  – because its similar to the game of Monopoly and also the Game of Life. Over the last 12 months we have interacted with over 350 young people using the game and this week we’re delighted to be invited to Sacred Heart Primary School, Wythenshawe.

Head of Marketing and Mosaic Mentor of the Month – September, Jodi Hamilton, commented;

“Colleagues wanted to use the financial expertise and support they offer our customers every day to deliver financial education and fun maths sessions to local young people. At the same time colleagues develop their own personal skills like team working, communication and problem solving. It’s a Win Win for all”.

For photos and videos from the day, check out our Twitter, Facebook, LinkedIn and YouTube.

 

Highlights of Theresa May’s speech at the CBI

Theresa May has discussed Corporation Tax, Brexit and start-ups at her first address to the CBI. Some of the main highlights are detailed below.

Brexit

While there is still uncertainty over Article 50 being triggered without a vote by MPs, The PM confirmed that the current plan is to press ahead with proposals by the end of March next year.  Prior to this, the PM is looking to set an agreement around the status of Britons living in the EU and EU nationals who are living in Britain.

Corporation Tax

While it’s not directly linked to the US election and promises made by Donald Trump, Theresa May highlighted ambitions for the UK to have the lowest rate for Corporation Tax within the G20 nations. While this currently stands at 20% in the UK it would need to fall by a further 5% to match the 15% rate that has been promised by the soon-to-be president. As it stands the rate is expected to fall to 17% by 2020.

Workers on company boards

During the leadership campaign the PM underlined plans to make businesses appoint workers to their boards. Her comments this morning have been widely interpreted as a u-turn on the issue, stating “that this is not about mandating works councils, or the direct appointment of workers or trade union representatives on Boards”.

Investing in Start-ups

She also announced a review to help start-up firms in the UK achieve longer term funding and investment:

“I want us to turn our bright start-ups into successful scale-ups by backing them for the long-term. To do this we need to better understand where the barriers are, so I am pleased to announce we will launch a new Patient Capital Review – led by the Treasury – that will examine how we can break down the obstacles to getting long-term investment into innovative firms.”

Precursor to the Autumn Statement

In Wednesday’s Autumn Statement the PM mentioned that news of a 2bn funding boost for Research and Development would also be made.

“So in the Autumn Statement on Wednesday, we will commit to substantial real terms increases in government investment in R&D – investing an extra £2 billion a year by the end of this Parliament to help put post-Brexit Britain at the cutting edge of science and tech.”

Philip Hammond’s Autumn Statement is also expected to allocate up to 1.3bn on road building and transport improvements.