Friday newspaper round-up: Deloitte, Apple, BNP Paribas
By Michele Maatouk
Date: Friday 29 Sep 2023
(Sharecast News) - UK households are facing an average tax rise of £3,500 a year by the next election, the country's leading economics thinktank has said - the biggest increase over a parliament on records dating back more than 70 years. The Institute for Fiscal Studies (IFS) said that on current forecasts the Conservatives were on track to raise £100bn more annually by 2024 than if taxes as a share of national income had stayed the same as in 2019. - Guardian
The average income of Deloitte's more than 640 equity partners in the UK rose to £1.1m this year, despite a recent slowdown in spending and company deals. Deloitte UK said revenue grew 14% to £5.6bn in the year to May, as buoyant markets in the first six months of its financial year bolstered demand for audit and advisory work. It helped offset the "increased caution" among more cash-strapped clients and a slowdown in merger and acquisition activity in the months that followed. - Guardian
Thousands of Apple customers have complained the company's "aerospace grade" titanium-clad iPhone 15 Pro handsets are overheating, just days after they bought them. Buyers of Apple's iPhone 15 Pro, which starts at £999, and the larger iPhone 15 Pro Max, which costs £1,119, have complained on customer forums, Twitter and Reddit that the devices are getting too hot to hold when conducting video calls, playing games or listening to music. - Telegraph
BNP Paribas has told staff that it is using data from entry-gate swipes and logins to its computer network to track whether they are hitting targets on working from the office. The French bank told its staff in London that the policy was "not a question of trust", but that changes would allow it to identify and support workers who were finding it difficult to meet on-site working requirements. - The Times
The chairman of Hipgnosis Songs Fund is to step down as the music investment company seeks to shore up shareholder support ahead of critical votes to determine its future. Andrew Sutch, the chairman since 2018, plans to retire amid attempts to win investor backing to continue the company. Another non-executive also intends to go. - The Times
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