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Talent, achievement and delivery: 2018 has been a successful year for Deloitte and Scotland’s business community
It is probably fair to say that 2018 will be remembered by many for the UK’s preparations ahead of Brexit.
At the time of writing, the details of how the country plans to leave the European Union have still to be finalised and exactly how it will affect us all remains to be seen.
Only 5 weeks ago, the UK Chancellor Philip Hammond gave his Budget speech announcing that “the era of austerity (is) finally coming to an end”. On 12 December the Scottish Finance and Economy Secretary, Derek Mackay, will deliver his Scottish Budget detailing the Government’s spending and tax plans for the coming year. The question on many Scottish taxpayers’ minds is whether their finances will enjoy a post austerity boost.
Productivity and jobs are vital to the wealth and welfare of Scotland. If we could solve Scotland’s productivity challenge, this would provide a unique opportunity to create a more prosperous society and improve living standards.
We have been proud sponsors of the Entrepreneur of the Year Awards for many years now.
This year, the awards which are now called the Summit Entrepreneurship Awards shifted up a gear and were part of a wider campaign to celebrate Scottish entrepreneurship. The campaign along with STV and Entrepreneurial Scotland showcased 9 inspirational stories exploring the entrepreneurial mindset, illustrating its brilliance and highlighting the value to our country’s economy and broader society.
Citizens are showing increasing concern about public services and the certainty of future provision. Public sector productivity is now estimated at a lower level than in 2015. The traditional boundaries of public, private and third sector are increasingly irrelevant, with all now involved in public service delivery. Today’s public service leaders need much more support to lead services across boundaries in a dynamic and volatile context.
Where did CASS as we know it come from? The Lehman collapse was the first time that the CASS rules had been put to the test on a large scale. The sums of money claimed by the UK investment bank’s clients were vastly greater than the sums segregated by Lehman’s as client money.
The growth of management and employee ownership in recent years has been recognised as a force for good in the success of such businesses in Scotland in recent years. The benefits are obvious for both management and Private Equity (PE). Those with an ownership stake are much more likely to be incentivised to drive a business forward, thus increasing the size of the ‘pie’ for the investors.
As the saying goes, 'if something that you're doing doesn't challenge you, then it doesn't change you'. In September nearly 300 colleagues from across Deloitte will be taking on some of their greatest challenges by taking part in one of six adventures across six countries to raise money for our One Million Futures, charity partners. Here's Debbie's story...
If Edinburgh is to be the data capital of Europe, we must use this as a platform to create and build solutions that can tackle some important issues. Examples of this could be in addressing challenges such as low levels of financial inclusion, a lack of financial education and awareness and help to structure a broader support network for marginalised communities such as the homeless, or supporting in reducing mental health issues caused by a lack of assistance for some people struggling to manage their finances.
Last summer, when I sat down with Debbi McLean, my co-principal here at Deloitte Digital Scotland, to discuss how we needed to grow our team over the coming months, we were fortunate to have a shining example of the kind of humans we wanted to hire.