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Contractor Clegg Construction has been appointed to deliver a multi-million-pound refurbishment at the Cosmopolitan Hotel in Leeds. Work has just started on site at the prominent hotel on the corner of Lower Briggate and Swinegate, which will be operated by Belfont Hotels. The design and build project will modernise the building and includes the refurbishment of existing bedrooms, as well as creating new bedrooms, to take the total number of guest rooms to 108. It also involves modernising ground floor function rooms, the restaurant and bar, as well as the installation of new windows and renovations to the roof and elevations. Clegg Construction pre-construction director, Ross Crowcroft, said: “We are very pleased to have started on site to refurbish and modernise one of the most iconic hotels in Leeds city centre." “This refurbishment of the Cosmopolitan Hotel for Belfont Hotels will upgrade a landmark building in the heart of Leeds and turn it into a leading hospitality venue which will be perfect for both leisure and corporate demand." “Clegg Construction is extremely familiar with the area around The Cosmopolitan Hotel, as we are currently on site at Spinners Yard in Regent Street delivering a 185-apartment private rented scheme for Rise Homes, plus we are working on an 11-storey student accommodation development in Leylands Road.” Other members of the development team include project manager Edmond Shipway, architect Franklin Ellis and engineer Rodgers Leask. Work is expected to be completed in the spring of 2025. The scheme is the latest in a long line of hotel projects undertaken by Clegg Construction, including the Travelodge London Stockley Park Hayes hotel, which was completed in 2021, and a new Premier Inn in York which is currently being built. In Leeds, Clegg Construction delivered the external recladding of the Premier Inn Leeds City Centre Arena hotel in 2021 and the creation of the Premier Inn Leeds Headingly Hotel (constructed on top of the Arndale shopping centre) in 2017. Keval Thakerar and Akshay Dhamecha, directors at Belfont Hotels, commented: “We are excited to be working with Clegg Construction on this refurbishment that will see the Cosmopolitan Hotel repositioned as one of Leeds City Centre’s leading hotels, benefitting the local economy and community.” Clegg Construction is a Midlands, East Anglia, and Yorkshire-based construction firm specialising in the delivery of public and private sector projects. The company works with organisations of all sizes and specialities across a range of different sectors. For more information visit www.cleggconstruction.co.uk Photo Credit: Franklin Ellis Architects

Small business confidence regained some ground between the second and the third quarters of the year, but is still in negative territory for the sixth quarter in a row, according to FSB’s latest Small Business Index for Q3, in partnership with Google. The headline confidence reading was -8.0 points in Q3, up from -14.2 points in Q2, but some way below Q1’s measure of -2.8 points. The last time the measure was in positive territory was in Q1 of last year, before rising inflation and the energy crisis took hold. Among the major sectors, hospitality businesses had the lowest level of confidence, at -31.1 points for accommodation and food service activities. Retail and wholesale businesses were the next gloomiest, at -22.8 points, followed by construction at -7.7 points, manufacturing at -6.7 points, and information and communication at -3.5 points. The professional, scientific and technical sector was the only major segment to register a positive confidence reading, at 6.9 points. The far lower confidence readings for small firms in hospitality and retail underscore the need for more support for these sectors, with the forthcoming Autumn Statement a chance for the Government to announce measures to help, such as an extension to the SME-focused 75 per cent business rates relief for retail, hospitality and leisure firms. Small firms encountered mixed economic conditions in the third quarter, with a base rate hike in August followed by a decision to stick at 5.25% in September, and a welcome easing of inflation across the quarter, although rising fuel prices made an impact. Two in five small firms whose costs had changed compared with the same period last year said that fuel prices were a factor (40.4%), an uptick from the 37.3% who said the same thing in Q2. Revenues over the previous quarter were marginally better than those reported in Q2, in keeping with the small recovery in confidence levels. A third (33.5%) of small firms reported that revenues increased over Q3, essentially unchanged from the previous quarter (Q2: 32.7%). Meanwhile, the proportion of small businesses reporting a drop in revenues over Q3, at 39.4%, was slightly lower than the 41.3% saying the same thing in Q2. Likewise, there has been a small but welcome improvement in small firms’ revenue expectations over the coming quarter, with over a third reporting that they expect higher sales volumes (35.4%, compared with 32.4% in Q2), and three in ten (30.8%) saying they expect a decrease, down from 35.4% in the previous quarter. Over the next year, half (49.6%) of small businesses aspire to grow in size, slightly down from the 51.3% who said the same thing in Q2, although the proportion expecting to contract also fell, from one in seven in the second quarter to one in eight in the most recent survey (Q2: 14.2%; Q3: 12.7%). The finding underlines the need for the Chancellor to look at how to boost small firms’ investment in growth in next month’s Autumn Statement. Changes in employee numbers among small firms were finely balanced in the third quarter, as almost the same percentage said they expanded their payroll over the previous three months as said their workforce decreased in size (13.1% and 13.3% respectively). Looking ahead, hiring intentions have moderated somewhat compared to the previous quarter, with 11.7% of small firms saying they expect to employ more people, down from 15.5% in Q2 who said the same, with 9.1% reporting that they expect their staff numbers to decrease, very similar to the 9.4% finding from Q2. The general trend towards stabilisation rather than growth or contraction was also seen among small exporters, with almost half (48.7%) saying their export volumes had stayed roughly the same in Q3 as in the previous quarter, up from just three in ten (30.3%) who said the same in Q2. However, this did mean that the proportion of exporters whose volumes rose fell from a third in Q2 (33.4%) to a quarter in Q3 (24.4%), with those reporting a decrease in exports also falling from 36.3% in Q2 to 26.9% in Q3. Among businesses aspiring to grow over the next year, the domestic economy was once more the most commonly-cited potential barrier, chosen by 63.5%, up from 61.5% in Q2. Fuel cost concerns doubled in volume, from 7.9% in Q2 to 16.2% in Q3, while the cost of finance hit its highest level as a concern since Q1 2015, mentioned by 9.2% of small firms. Rising costs ticked up slightly between Q2 and Q3, with 86% of small firms saying the cost of running their business was higher in Q3 than in the same period last year (Q2: 84.9%). Utilities (57.3%), inputs (43.1%), labour costs (42.8%), and fuel (40.3%) were the most commonly-cited causes of changes in business cost. The findings on late payment underscore the need for the Government to take more action on the issue, with three in five small firms (60.8%) reporting that they have late payments, and with 27.9% saying they got worse over the quarter. Martin McTague, FSB’s National Chair, said: “After the economic turmoil wrought by the cost of doing business crisis over the past year and a half, our latest Small Business Index shows signs of stabilisation in small firms’ performance." “The improvement in the overall confidence measure since Q2 is a good start, but we really want to see it firmly back in positive territory, rather than eight points below zero, as it is currently. " “We also need to beware that stabilisation does not turn into stagnation, and that intentions to invest and grow are not thwarted by economic circumstances, holding back the performance of the UK as a whole. The sun was frustratingly absent for much of this summer, and this will have weighed down on sectors linked to tourism and leisure." “With retail and hospitality still trailing the confidence levels recorded in other major sectors by some distance, the Government must think carefully about how to support firms in those sectors, who do so much to enliven high streets, towns, cities, and communities in every part of the country." “Small businesses were relieved to see a pause in the successive base rate hikes in Q3, but we must keep emphasising that the Bank of England should exercise caution and be alive to the risk of keeping the rate too high for too long. With the lending environment so tough for small businesses, the Bank should avoid worsening the situation by removing the valuable SME supporting factor." “The SBI results show the pressing need for the Government to tackle the risk of stagnation among small businesses at the forthcoming Autumn Statement." “The Chancellor must take a stand on late payment, building on recent Government work, as eliminating this scourge would add £2.5 billion to the economy, and save 50,000 firms every year." “The 75 per cent business rates discount for small retail, hospitality and leisure firms is due to run out at the end of March next year – it must be renewed past that date, to give relief to small businesses in consumer-facing sectors. It’s well past time too for the archaic business rates system to be overhauled." “We must also take action to tackle those problems holding the future of the economy back – one of the most stark is that, at present, the self-employed are not allowed to claim training in new skills as a business expense. These kind of clear flaws in the tax system must be solved if we’re to meet the productivity challenge." “Small firms are paying close attention to the stalls being set out by political parties as the next general election gradually comes into view. Improving their operating environment will benefit the economy as a whole, as well as delivering political dividends.”

Business confidence in the UK halved in the third quarter as worries over higher interest rates and weakening sales growth bite, a major survey of business leaders has found. Sentiment tracked by ICAEW’s Business Confidence Monitor (BCM) – one of the largest and most comprehensive quarterly surveys of UK business activity – put confidence at 2.9 on the index for Q3 2023, down from 6.1 in Q2 and below the pre-pandemic average. Domestic sales growth slowed to its lowest level since Q3 2021, reflecting weakening confidence, the survey found. This was partly driven by slowing customer demand with 37% of businesses citing this as a growing challenge, the highest since Q1 2021. Concerns over bank charges may have also dragged down overall confidence with the proportion of firms reporting this as an increasing problem at a record high as tighter financial conditions weigh on the economy. Confidence was weakest in the construction sector, plummeting sharply into negative territory (-30.5). This likely reflected the sector’s exposure to rising interest rates, high input costs and weak customer demand. Heavy rainfall caused delays to planned project work in the sector, which may have dampened sentiment further, the report found. By contrast, confidence was highest among transport and storage companies due to a strong holiday season boosting demand for leisure travel, ICAEW said. The government must use next month’s Autumn Statement to set out a clear plan for a resilient UK economy that provides stability for businesses, to enable confidence to grow, the Institute said. Suren Thiru, ICAEW Economics Director, said: “The economy showed increasing signs of distress in the third quarter as the squeeze from deteriorating customer demand and higher interest rates more than offset a boost from easing inflation." “The construction sector endured a particularly atrocious quarter as a perfect storm of rising cost pressures, a slowing housing market and unseasonably poor weather obliterated sentiment and output." “The forward-looking measures are disappointingly downbeat with weakening indicators of domestic activity, employment and investment intentions suggesting a difficult end of the year for the UK economy.” Michael Izza, ICAEW Chief Executive, added: “Business confidence unsurprisingly remains low given companies’ struggles with a myriad of financial challenges and weakening customer demand." “A clear strategy is needed to increase the resilience of the UK economy, and we’d like to see this included in the Autumn Statement. Our members operating across every region and every sector want an economy underpinned by certainty, clarity, stability and the right long-term incentives to influence investment, employment and growth.” Inflationary Pressures Ease Further Selling price inflation eased in the quarter, following record growth in Q2, and businesses expect it to drop to its lowest level since Q1 2022 over the next 12 months, as input cost inflation eases. Energy, water and mining are expected to cut their selling prices in the next year, while manufacturing and engineering are set to see big slowdowns in selling price inflation. While still high by historic standards, salary growth did slow for the first time since Q4 2020 as hiring activity declined, and was weakest in the property sector as confidence slowed amid a deteriorating housing market. By contrast, salary growth was strongest among manufacturing and engineering and energy, water and mining firms, and is expected to slow over the coming year across all sectors. Firms Moderate Investment Plans Capital investment growth continued to slow in Q3, reflecting the overall weakness in business sentiment and numerous financial challenges including the tax burden, bank charges, late payments and access to finance. Companies also continue to restrain their research and development spending. Companies plan to further moderate increases in capital investment over the next year, with financial challenges expected to continue contributing to this squeeze.

ICAEW Chartered Accountants are among the most trusted professionals in England and helped a majority of businesses navigate uncertainty during the cost-of-living crisis, research published today has found. The latest Edelman Trust Barometer, published to coincide with Global Ethics Day, found that of a range of professions, 89% of respondents in England said they trusted Chartered Accountants; only nurses ranked slightly higher, at 91%. Trust in ICAEW has reached its highest rate, up 10 points to 79% since the research was most recently carried out in England in 2021. During economic uncertainty and the cost-of-living crisis, Chartered Accountants have also been important to most English businesses, the research found. Seven in 10 organisations said they had used Chartered Accountants to help them navigate uncertainty in this period, highlighting that the profession’s position as trusted businesses leaders has been consolidated in the past two years. Researchers found significant increases across almost all drivers of trust in England, across characteristics relating to integrity, purpose, ability and dependability. Meanwhile, trust in chartered accountants and accountants more generally has also increased among respondents in England. Globally, the research found that trust in Chartered Accountants has reached 85% and is the only profession – aside from nursing – to see an uplift in trust. Trust in Chartered Accountants is now at its highest level since the survey began. The research, commissioned by ICAEW in conjunction with Chartered Accountants Worldwide (CAW) and other professional bodies, found that 78% of businesses view Chartered Accountants as crucial in addressing economic challenges. They are seen as data guardians by 81%, and responsible for data integrity and helping businesses combat misinformation by 77%. Three-quarters of respondents suggested that Chartered Accountants are vital to businesses given the growth of misinformation, and 81% said members of the profession should be tech savvy. Michael Izza, Chief Executive of ICAEW and Chairman of CAW, said: “It is clear that the role of the Chartered Accountant has evolved far beyond the traditional numbers; they are trusted business leaders and advisors." “Their expanding roles encompass resilience, data integrity, technology, and net zero transition, reflecting the evolving needs of businesses in today’s dynamic environment. Professional bodies play a crucial role in equipping their members to excel in these expanded capacities, thereby cementing their position as indispensable pillars of trust in the business world." “As companies in England continue to grapple with inflation and high interest rates, it’s evident from this research that ICAEW members have played important roles to help navigate businesses navigate uncertainty, and I am pleased to see the trust that is placed in our members.” Business leaders are now urging accountants to extend their role beyond finance by guiding on resilience, ethics, data integrity, and navigating AI, technology, and ESG matters, CAW said, with trust in accountants increasingly tied to the profession’s advocacy on social and environmental issues. Professional bodies can play a pivotal role in supporting their members as vocal advocates for ESG, providing resources, and fostering partnerships to ensure ethical considerations drive decision-making, it added. To meet these growing expectations, Chartered Accountants need to engage in broader discussions about resilience and digital transformation.

In recent years, there's been a growing buzz around a unique and eco-friendly addition to gardens worldwide - bug hotels. These miniature structures are not only charming garden decorations but also serve as crucial havens for a variety of beneficial insects and other small creatures. So what are bug hotels and how they are making a positive impact on our environment? Bug hotels, sometimes referred to as insect hotels or bug houses, are man-made structures designed to mimic the natural shelters and nesting spots that insects and other small wildlife seek in their habitats. These mini sanctuaries are typically constructed using a mix of organic and recycled materials, making them both sustainable and attractive garden features. Bug hotels are like boutique accommodations for a range of fascinating and essential garden inhabitants. They provide shelter and nesting sites for a variety of creatures, including: Bees : Solitary bees, which are important pollinators, find refuge in bug hotels. They lay their eggs in tiny holes or chambers within the structure. Ladybirds : These beloved garden predators overwinter in bug hotels, helping to keep harmful pests in check. Butterflies and Moths : Many species of these delicate insects use bug hotels as a safe spot to pupate and seek shelter. Spiders : While not everyone's favourite, spiders play a crucial role in controlling insect populations. Bug hotels offer them a cosy hideout. Beetles, Lacewings, and Hoverflies : These insects are all-natural pest controllers and are often drawn to the welcoming environment of bug hotels. Bug hotels bring a host of advantages to the garden ecosystem: Biodiversity : By attracting and providing a home for various insects, bug hotels increase the biodiversity in your garden. This, in turn, creates a healthier and more balanced ecosystem. Pollination : Solitary bees, in particular, are excellent pollinators. Providing them with a habitat ensures better fruit and vegetable yields in your garden. Pest Control : Many bug hotel residents are natural predators of garden pests, reducing the need for chemical pesticides. Education : Bug hotels are fantastic tools for educating both children and adults about the importance of insects and their role in the environment. Aesthetics : Bug hotels can be beautifully designed, adding a unique and charming element to your garden. Creating a bug hotel is a creative and eco-conscious endeavour. You can use a variety of materials such as logs, bamboo canes, twigs, pinecones, straw, and recycled items like old pallets. The key is to provide a range of habitats, including different-sized holes and crevices to accommodate various insects. Bug hotels are relatively low-maintenance, but they do require periodic upkeep. Cleaning out the chambers and replacing old materials is essential to keep the environment healthy for your tiny residents. Bug hotels offer a win-win situation for both your garden and the environment. They support biodiversity, promote pollination, and contribute to a more balanced and ecologically friendly landscape. So, if you're looking for a way to enhance your garden's appeal while giving back to nature, consider welcoming these charming bug hotels into your outdoor space.

Cost is an increasingly large barrier to a more sustainable lifestyle in 2023, with the majority of consumers saying they haven’t adopted sustainable behaviours in the last 12 months because it is too expensive, according to the fourth edition of Deloitte’s Sustainable Consumer 2023 report. The survey of 2,000 people in the UK showed that, of the consumers who did not adopt a more sustainable lifestyle, 62% blamed cost, up 10% on 2022. Key Findings: Cost is a barrier to adopting a more sustainable lifestyle, with the majority of those not doing so saying it is too expensive (62%); One in three (30%) stopped purchasing certain brands and products because of sustainability-related concerns; However, one in four (26%) are still prepared to pay more for sustainable products; Consumers concentrate on ‘at home’ sustainable behaviours such as recycling and those that save money; Cutting energy consumption prioritised over longer-term energy efficiency solutions. However, many consumers are making more conscious sustainable purchasing decisions, with close to one in three (30%) saying they have stopped purchasing certain brands or products because of ethical or sustainability-related concerns. For most consumers, sustainability starts at home, with the majority adopting activities such as recycling (76%), reducing food waste (68%) and limiting single use plastic (64%). Adopting Circularity There has been an increase in consumers adopting circularity (the practice of renewing, reusing or recycling something) in the past year. The research shows that over half (55%) repaired an item instead of replacing it (53% in 2022) and 46% bought second hand or refurbished items (40% in 2022). In addition, 76% say they would consider using a repair service (73% in 2022). Emily Cromwell, ESG lead for the consumer industry at Deloitte, commented: “For most, adopting a more sustainable lifestyle starts with recycling or reducing waste at home. However, many consumers are beginning to actively consider sustainability when buying products and services, as well as considering their overall lifecycle." “The cost-of-living crisis is also having an impact, with sustainable behaviours that help people to spend less seeing the largest year-on-year uplift, and given inflationary pressures, the increasing adoption of circular practices could be more about saving money than saving the planet. Whatever the reason, the growth of conscious buying habits is welcome. The question is, how much of this behavioural change will become permanent?” Consumers Cut Back On Energy Consumption Almost a quarter of consumers (23%) have switched to what they believe is a renewable energy supplier in the past 12 months. While most consumers have tried to lower their energy consumption by cutting things like heating (81%) and washing clothes at a lower temperature (74%), a third or less have invested in longer term energy-saving solutions such as home insulation (25%), solar panels, energy-efficient appliances (36%) or double glazing (31%). Looking ahead to the next 12 months, the majority intend to continue to reduce their energy consumption wherever possible, but just over one in ten plan to install solar panels or replace their boiler with a heat pump. Taking Stock To Gain Trust A third (34%) of consumers stated that their trust in brands would be improved if they were recognised as an ethical/sustainable provider by an independent third party. A similar proportion (32%) claimed that their trust in brands would be improved if they had a transparent, accountable, and socially and environmentally responsible supply chain. Consumers also value net-zero goals, with 27% saying they would trust brands more if they target net-zero by reducing carbon emissions, rather than relying on carbon offsetting./p> Emily Cromwell added: “Consumers want businesses and institutions to take the lead in supporting them in their adoption of more environmentally sustainable habits and are prepared to be loyal to those who do." "It is key that businesses work together with policymakers not only to make sustainable choices more affordable, but also to share better information around the impact of buying choices on the environment. This will be key to support a long-term change in consumer behaviour.”

National Parks UK and Santander UK recently announced a growth in their partnership to support the restoration of nature across some of the country’s most-loved landscapes. Santander UK will support the development of an innovative nature financing platform in the Lake District National Park designed through Revere, a collaboration between the National Parks Partnerships and global impact firm Palladium. The platform, developed together with local landowners and the National Park Authority, will secure investment to fund the creation of nature-based solutions that are designed to improve water quality in lakes and rivers, enhance biodiversity and build natural climate resistance. The solutions will include wetland creation to slow water flows and woodland planting in high impact locations such as along riverbanks. The first phase of Revere’s work in the Lake District was funded by Estée Lauder Companies UK & Ireland and resulted in the identification of over 400 hectares of riparian woodland and wetland creation opportunities across the Lake Windermere catchment that would reduce the amount phosphorus pollution entering the lake. The funding also led to the creation of a financial model to assess options for funding the wetland and woodland sites. Santander UK is picking up the baton to enable phase two of the nature financing platform design work. Richard Leafe, Chief Executive of the Lake District National Park Authority, welcomed the new partnership: “The landscapes of the Lake District provide enjoyment to millions of people every year, but they also provide opportunities by enhancing water quality, improving biodiversity and adapting to the impacts of climate change by reducing flood risk. In Windermere we’re continuing to work with experts and the community through the Love Windermere partnership, taking an evidence-based approach to address the current water quality issues." “With Santander UK’s support, we will be able to explore new nature-based solutions by unlocking much needed investment. This is an exciting and innovative project that will continue our work towards a healthier lake and surrounding area for everyone to enjoy.” This support builds upon Santander’s 2021 commitment as a founding partner of the National Parks ‘Net Zero With Nature’ initiative which places UK landscapes at the heart of the fight against climate change and the biodiversity crisis. As part of their commitment, Santander supported the restoration of 200 hectares of damaged peatland in the Cairngorms National Park. Since then, Santander UK staff have enjoyed a variety of volunteering sessions in the National Parks including peatland restoration in the Cairngorms and scrub clearance and litter picking in the South Downs National Park. James Dunne, UK Head of Wealth Management and Insurance at Santander UK said: “It’s fantastic to share the exciting news about the second nature restoration project that Santander is supporting through its partnership with National Parks UK. I had the good fortune to be involved in the first project that delivered peat restoration in the stunning Cairngorms National Park. The second sees us supporting this innovative collaboration to deliver landscape restoration at scale in the inspiring Lake District." "We know our customers care about protecting the environment and have an expectation that businesses are responsible in the ways they do business. The important partnership with National Parks UK allows us to demonstrate we do take it seriously, not just by supporting nature restoration but also by encouraging our colleagues to get involved and volunteer.” Andrew Wilson, Director of Communications and Responsible Banking at Santander UK said: “I’m delighted that Santander UK is continuing the valuable partnership with National Parks UK, which started in 2021 with support for peatland restoration in the Cairngorms. The new collaboration to help deliver landscape restoration at scale in the beautiful Lake District is an innovative way to drive the pace and scale of local nature-based solutions. The project to improve biodiversity and water quality in the area, and to build climate resistance, is incredibly important and it is exciting that Santander can continue to be involved in facilitating nature restoration of this kind.”

Francis House Children’s Hospice is bringing the magic of Christmas to a pop-up shop in Quayside MediaCityUK by filling it with 40 unique Christmas trees. The Festival of Christmas trees opened on Saturday October 28, and aims to encourage members of the public to place bids the unique trees, each packed with vouchers, signed football shirts, hampers, vouchers and handmade gifts. The annual project involves businesses, community groups and individuals coming together in the decoration of a one-off Christmas tree which will be auctioned off to raise funds for the Greater Manchester hospice. Based in Didsbury, Francis House provides respite care, homecare, end of life care and a range of other services to the families of children and young people with life-limiting and life-threatening conditions. Participants this year include JP Goldman, Cardinal Global Logistics, Beaverbrooks the Jewellers, Morrisons, Uplift Knitters, LIFT-Financial, Amaranth, DLA Piper and Lowbury Construction. The event this year is sponsored by Towers Business Park and Quayside MediaCityUK. Julie Williams, fundraising officer at Francis House said: "Anyone visiting the display is in for a real treat. With the help of our tree sponsors there is something to tempt everyone to place a bid and be in with the chance of taking a truly unique tree home for Christmas." “We provide the tree and lights, and the rest is left up to the imagination of our fantastic sponsors. Cardinal Global Logistics have created a bright and beautiful Barbie tree and the Thomason family have put together two trees bursting with football, gaming and food and drink goodies.” Bids can be placed on each tree for five weeks in the run up to Christmas, either in store or online at www.festivaloftrees.co.uk A range of Christmas decorations, gifts and cards are also on sale in the shop along with the opportunity to win a raffle prize and take part in a lucky dip. With some trees fetching hundreds of pounds each it is hoped the event this year will exceed the £25,000 in profit raised in 2022. The shop can be found on the first floor of Quayside MediaCityUK, formerly the Lowry Outlet and runs from October 28 until December 3. To view a gallery of the trees and to discover more visit www.festivaloftrees.co.uk

In the world of investments, art is often considered an unconventional and intriguing option, partly as a result of personal tastes and preferences. After all we are not all going to like the same thing and may even have a different perspective of what is actually art in the first place. While stocks, real estate, and bonds are the staples of most investment portfolios, art can offer a unique blend of aesthetic pleasure and financial gain. In this feature, we'll explore the intricacies of investing in art, its potential as an alternative asset, and the factors that make it an attractive option for investors. The art market has witnessed substantial growth over the years, making it a significant player in the alternative asset investment space. Traditionally considered the domain of art collectors and enthusiasts, art is now drawing the attention of savvy investors who see potential beyond the brushstrokes. The global art market is known for its resilience, and investments in art can yield considerable returns. Investing in art offers diversification for portfolios, which is essential for managing risk. Art has a low correlation with traditional assets like stocks and bonds, making it an appealing choice for those looking to spread risk and add stability to their investments. Even during economic downturns, the art market can remain relatively buoyant. One of the primary attractions of art investment is its potential for long-term appreciation. Unlike stocks or bonds, art doesn't rely on quarterly reports or economic indicators. Masterpieces from renowned artists have consistently appreciated in value over time, often outpacing the performance of more traditional assets. Owning art is a tangible and pleasurable experience. You can enjoy your investments as they adorn your walls or provide inspiration. This dual role of art as an investment and a source of aesthetic pleasure makes it stand out among alternative assets. Investing in art is not without its challenges. Unlike stocks, art doesn't come with a prospectus or financial statements. It requires a certain level of expertise to identify promising artists, assess the authenticity of works, and understand market trends. Many investors engage art advisors or rely on auction houses to navigate the complexities of the art world. Art investments come with risks, including the volatility of art markets, liquidity challenges, and the potential for forgery. It's crucial to thoroughly research and consider these risks before delving into art investment. Diversification and a long-term perspective are key to mitigating these risks. Investing in art is a unique and captivating option that can bring financial returns and aesthetic enjoyment. While it may not be suitable for every investor, those who appreciate the intersection of culture and finance may find art an appealing addition to their investment portfolio. As with any investment, it's essential to approach art investment with a well-thought-out strategy and, when necessary, seek professional advice to make the most of this alternative asset class.

The British love affair with Indian food is a culinary romance that has endured for centuries. From the fragrant spices of a bustling curry house on Brick Lane to the cosy comfort of homemade chicken tikka masala, Indian cuisine has become an integral part of British culinary culture. This enduring fascination with the flavours of the Indian subcontinent has not only reshaped the British palate but also fostered a unique blend of tradition and innovation. The history of British-Indian culinary connections dates back to the days of the British Empire when the British Raj brought Indian flavours to the heart of the United Kingdom. The early 19th century saw the first Indian restaurants spring up in London, introducing Britons to dishes like curry and chutney. As the Empire expanded, so did the British appetite for Indian cuisine, laying the foundation for the lasting connection. One of the reasons behind the enduring love of Indian food in Britain is the sheer variety of dishes it offers. From creamy kormas to fiery vindaloos, tangy chutneys to crispy pakoras, Indian cuisine presents a smorgasbord of flavours and textures. This diversity means there is something to suit every taste, from the spice enthusiasts to those who prefer milder, creamy dishes. The British love for Indian food is not confined to restaurants. It has seeped into everyday life, influencing the way Britons cook at home. Fusion dishes like the infamous "chicken tikka masala" were born in Britain, highlighting the unique way Indian and British culinary traditions have merged. Indian flavours can be found in pies, sandwiches, and even crisps, reflecting the adaptability and influence of Indian cuisine. When it comes to Indian cuisine, certain dishes have risen to iconic status in Britain. These dishes have become household names and are often the first choices on restaurant menus and takeaway orders. The beloved Chicken Tikka Masala, a creamy tomato-based curry with succulent marinated chicken, is a quintessential British-Indian creation that exemplifies the fusion of flavours. Likewise, the spicy and aromatic Chicken Korma, the fiery Chicken Vindaloo, and the delectable Lamb Rogan Josh are celebrated for their rich and diverse flavours. Vegetarian options like Paneer Tikka and Vegetable Biryani have also found a devoted following among those seeking a meat-free Indian feast. To satisfy the craving for bread, Naan and Garlic Naan are the go-to choices, often used to scoop up every last bit of sauce from these beloved dishes. These classics have left an indelible mark on British palates and continue to be cherished staples of Indian cuisine in the UK. Indian cuisine is renowned for its bold and complex flavours, and at the heart of this culinary artistry are an array of aromatic spices. Some of the most commonly used spices in Indian cooking include: Cumin : Cumin seeds and ground cumin add a warm, earthy flavour to many Indian dishes. They are often used in tempering oil at the start of cooking to release their nutty aroma. Coriander : Ground coriander and fresh coriander leaves are ubiquitous in Indian recipes. They provide a citrusy, slightly sweet, and herbal undertone to curries and chutneys. Turmeric : Known for its vivid yellow colour, turmeric is a key ingredient in curry powders and adds an earthy, slightly bitter flavour. It's also celebrated for its health benefits. Cardamom : Both green and black cardamom pods are used in Indian cuisine. They impart a fragrant, sweet, and slightly spicy flavour, often found in biryanis and desserts. Cinnamon : Cinnamon sticks and ground cinnamon add warmth and a sweet-spicy note to many Indian dishes, particularly in rice dishes and sweets. Cloves : Cloves are known for their intense, pungent flavour and are often used to infuse rich gravies and marinades. Chili Peppers : The heat in Indian cuisine is largely attributed to a variety of chili peppers, such as dried red chilies, green chilies, and chili powder, which range from mildly warm to fiery hot. Mustard Seeds : Used for tempering in many South Indian dishes, mustard seeds provide a nutty and slightly bitter flavour that's essential in curries and pickles. Fenugreek : Fenugreek leaves and seeds add a distinctive bitter-sweet taste to dishes, and fenugreek seeds are commonly found in spice blends and pickles. The art of Indian cooking lies in the skilful blending and tempering of these spices to create a harmonious symphony of flavours, ensuring that every bite is a sensory delight. Indian restaurants and takeaways have become cornerstones of local communities in the UK. These establishments often serve as cultural hubs, bringing together people from diverse backgrounds and providing a sense of belonging. British-Indian chefs and restaurant owners have played a crucial role in preserving and spreading authentic Indian culinary traditions. Cities like London, Birmingham, and Manchester boast bustling 'curry miles' where rows of Indian and South Asian restaurants line the streets. These hubs not only offer incredible food but also an immersive cultural experience. The lively atmosphere and rich aromas that fill these neighbourhoods are a testament to the fusion of two worlds. Several renowned Indian chefs have made a significant impact on the culinary scene in the UK, including: Atul Kochhar : A prominent figure in the world of Indian cuisine, Atul Kochhar became the first Indian chef to receive a Michelin star. He's known for his innovative take on traditional Indian flavours and has several acclaimed restaurants in the UK. Vineet Bhatia : Another Michelin-starred chef, Vineet Bhatia is celebrated for his modern interpretation of Indian cuisine. His restaurant, Rasoi, in London, has earned critical acclaim. Cyrus Todiwala : Known for his distinctive fusion of Indian and British ingredients and techniques, Cyrus Todiwala is a popular chef with a strong presence in the UK. His Cafe Spice Namaste restaurant in London is well-regarded. Alfred Prasad : Formerly of the Michelin-starred Tamarind in London, Alfred Prasad is a highly respected chef in the Indian culinary world. He's known for his expertise in traditional Indian cooking techniques. Asma Khan : Asma Khan gained fame for her appearance on the Netflix series "Chef's Table." She runs the acclaimed Darjeeling Express restaurant in London, offering a taste of authentic Indian home cooking. Aktar Islam : Aktar Islam, a talented chef and restaurateur, has brought his innovative approach to Indian cuisine to Birmingham. His restaurant, Opheem, has garnered praise for its modern take on Indian flavors. These chefs have not only elevated the perception of Indian cuisine in the UK but have also contributed to the fusion of traditional and contemporary flavours, making them significant figures in the culinary world. While honouring traditional recipes and techniques, Indian cuisine in Britain has also evolved with the times. Chefs and home cooks alike experiment with ingredients and presentations, contributing to the growth and diversification of Indian food in the UK. The result is a vibrant, ever-evolving culinary landscape. The British love affair with Indian food is a testament to the power of culinary cross-pollination and the enduring appeal of flavours that have transcended borders. It's a celebration of diversity, community, and adaptation, encapsulated in each mouth-watering bite of a classic curry or innovative fusion dish and as a cuisine shows no sign of losing its broad appeal any time soon.

In an era of globalised production, the United Kingdom has rekindled its legacy in the art of shoe manufacturing. A fusion of craftsmanship, innovation, and sustainability has revitalized the British shoe industry, giving rise to a thriving market that caters to both local and international consumers. This feature explores the resurgence of shoe manufacturing in the UK, shedding light on the key players, sustainable practices, and the charm of British-made footwear. British shoe manufacturing is steeped in centuries of heritage and tradition. The industry has maintained its reputation for quality craftsmanship, and many brands take pride in their British roots. Companies like Church's, John Lobb, and Tricker's have been crafting bespoke, handmade shoes for generations, adhering to time-honoured techniques that ensure durability and comfort. While heritage remains integral to British shoe manufacturing, innovation and technology have also played a pivotal role in reshaping the industry. Modern production techniques and materials, such as 3D printing and sustainable leather alternatives, have become part of the equation. British shoemakers are now combining traditional craftsmanship with cutting-edge technology to create footwear that is not only stylish but also sustainable and comfortable. Sustainability is a buzzword in the contemporary fashion industry, and the UK's shoe manufacturers are no exception. Many companies have made a commitment to reduce their environmental footprint. They source materials responsibly, employ eco-friendly production methods, and design products that are built to last. This sustainable approach is not only eco-conscious but also resonates with consumers who value ethical and green practices. One hallmark of British shoe manufacturing is the ability to offer bespoke and made-to-order options. These services allow customers to create shoes tailored to their preferences, from selecting the type of leather to choosing the shoe's style, colour, and design. This personalisation aspect sets British-made shoes apart from mass-produced alternatives. The resurgence of British shoe manufacturing has expanded the industry's reach both nationally and internationally. While traditional British brands continue to flourish, numerous newcomers have entered the market, catering to various tastes and price points. The appeal of British-made shoes is not limited to the UK, as exports have seen substantial growth, contributing to the country's economy. Shoe manufacturing in the UK has undergone a remarkable transformation, balancing tradition and innovation while embracing sustainability and personalized options. With its rich heritage, commitment to quality, and a focus on eco-conscious practices, the future of the British shoe industry looks promising. For those who appreciate fine craftsmanship, style, and sustainability, the UK's shoe manufacturers are once again stepping into the limelight, proving that there's something uniquely British about the art of shoemaking.

Running a family business for many business owners is a privilege and something that they take incredibly seriously. Over their time in the business they have invested plenty of emotional and social capital, not to mention hours of toil in developing something and witnessed it evolved too. It is therefore not surprising that family business owners often struggle to let go of the reins. Particular reasons associated with the difficult in letting go include: Emotional Attachment : Family businesses are often deeply intertwined with the personal identity and legacy of the owners. Letting go can feel like giving up a part of themselves. Control : Owners may fear that relinquishing control could lead to a decline in the business's performance or even its demise. They may believe that they are the only ones who can ensure its success. Trust Issues : Trusting non-family members or even other family members with leadership roles can be challenging. Concerns about competence, loyalty, or conflicts of interest may arise. Fear Of Change : Change can be unsettling, especially when it involves restructuring or bringing in external professionals. Owners may resist change because they are comfortable with the status quo. Family Dynamics : Family dynamics, such as sibling rivalry or power struggles, can complicate succession planning and make it difficult to let go of control. Identity And Purpose : Owners often find purpose and identity in running the family business. Letting go can lead to questions about what they will do next and who they will become outside of the business. Financial Security : Owners may worry about their financial security post-retirement or after stepping back from the business, leading them to retain control for longer. Lack Of Succession Planning : Without a clear plan for succession, owners may delay letting go because they don't know who will take over or how the transition will occur. Fear Of What Comes Next : Stepping back from the business may indeed be the right thing to do but with age comes recognition that nobody lives forever and there may be a desire not to step back because of what might come next. Fear Of Too Much Time : For many business owners there life is the family firm and many are concerned about what they are going to do with the time that is no longer devoted to the business and this too may delay stepping back from the business. Overcoming these challenges often requires careful planning, open communication within the family, and the involvement of external advisors who can provide objective guidance. Succession planning and addressing emotional and practical concerns are crucial steps in the process of letting go in family businesses.