Knowledge Collection | Fiscal event, 'quiet quitting' and the drive to net zero
Published on 23rd Sep 2022
Welcome to this week's Knowledge Collection
The UK government has surprised many commentators by the extent of the changes it proposes to make to the tax regime, given that the fiscal event that took place today was not a formal Budget and there was no accompanying forecast by the Office for Budget Responsibility. A Budget is still expected later in the autumn. Our Insight considers the tax cuts, investment incentives and tax simplifications announced this morning in the government's "Growth Plan 2022".
The phenomenon of "quiet quitting", covering a broad spectrum of employee behaviour and a range of attitudes (often interpreted to mean employees doing no more than their job requires them to do) has become a hot topic for employers. Our Insight explores the issues – not necessarily being ones of performance or misconduct – and considers the steps businesses can take to address them.
The drive to net zero continues to be a focus for governments, businesses and investors. Our compliance webinar series considers the challenges for suppliers in meeting UK net zero public procurement requirements. The session will consider carbon reduction plans and look at examples from the NHS. We also report on the European Commission's proposed windfall tax on energy companies and the UK government's plans to put on hold its Energy Security Bill. And next month, we will host a webinar on the impact on businesses of new environmental obligations being imposed in France.
Insights
Emergency fiscal event announces a package of tax cutting measures
The new chancellor's first fiscal event marks a significant shift in tax policy, with tax cuts replacing tax rises in an attempt to drive growth in the economy.
Employment Law Coffee Break
This edition features "quiet quitting" and its implications in the workplace, the Real Living Wage rate rise, and the right-to-work check changes taking place on 1 October.
Funds with foreign sovereign investors under threat from proposed UK tax reform
HM Treasury's revised approach to the UK's sovereign immunity from direct tax in its recent consultation could have major financial implications for funds with foreign sovereign investors.
The Energy Transition
This week we report on the European Commission's proposed windfall tax on energy companies, the UK's Energy Security Bill, the energy generation potential of warehouse roofs, and the Investor Agenda group's open letter on climate change.
Events
Eating Compliance for Breakfast | Public procurement and the road to net zero
27 September | 09:00-09:30
The UK government has set a target to meet net zero by 2050. Over the coming decade, suppliers to the public sector must become net zero themselves or face being shut out of public contracts. We look at what measures suppliers can take to meet these challenges.
Eating Compliance for Breakfast | UK Sanctions Update
29 September | 09:00-09:30
This session will provide an overview of recent developments, focusing on the Office of Financial Sanctions Implementation's new "red flag" guidance and the introduction of the strict liability regime.
Eating Compliance for Breakfast | Environmental obligations for business and lessons from the French approach
4 October | 09:00-09:30
What are the new environmental obligations in France and what do they mean for business? The session will consider waste management, environmental information disclosures and climate litigation, and lessons to be drawn from the French approach.
Dipping into Data | The Data Protection and Digital Information Bill
13 October | 16:00-16:45
The webinar series looking at legal, regulatory and commercial aspects of the use of data turns its attention to the proposed adjustment to the UK data protection law, its legislative progress and what we might expect from the final legislation.
