Episode 104: 27th February 2020

Steve Morgan OBE, Food hygiene ratings, part time High Earners, IR35 and FCA Data Breach all get thrown into the mix this week.

Following our focus on the wine industry last week we decided to progress our ‘what to look for a night out’ with a focus on food. We are all familiar with the 5 Start Food Hygiene Rating that we seen stuck on windows and bars when we are out and about. Whether you are the manufacturer, the vendor or the consumer these little green stickers have an important message to tell. If you want to find out more about what it all means, and you might be surprised, then check out the Food Standards Agency website for details.

In other news Tracy flags up an article in People Management that claims a significant number of higher earners are actually working on a part time basis which may give hope to many that flexible working and work life balance can exist side by side.

Heather flags up a report which involves the FCA (Financial Conduct Authority) having to take a spoonful of their own medicine, following a data breach involving 16,00 names of people who have filed a complaint against them. Probably not a great day at the office for somebody when that came to light…

Our discovery section features impending changes to IR35 rules for workers, employees and the self employed. With an impact on medium to large sized businesses and contractors it seems there is still uncertainty about the changes will play out in practice. Tracy and I headed off to Theatre Clwyd in Mold to an event hosted by local law firm Aaron and Partners. We were provided with an update on latest thinking and given some food for thought for those who site either side of the IR35 rule.

In essence the overarching advice is to ask lots of questions, keep good records and refer to the CEST (Check Employment Status for Tax) questionnaire, keep  your results and if in any doubt at all, seek  professional advice.

And finally our person in profile this week is businessman, investor and philanthropist, founder of Redrow Homes and The Steve Morgan Foundation, Mr Stephen Peter Morgan, CBE. With a number of projects local to the Wrexham area he is also responsible for the development of St David’s Park Hotel, Carden Park Hotel, both in Cheshire, Morgan founded Redrow during 1974 amid recession with a £5,000 loan from his Father. Roll on 45 years and alot of hard work by alot of people and the company is reported to be £2.2bn and his 21% stake valued at £460m. Not bad for a lad expelled from school at the age of 16 and certainly not a bad ROI.

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