Unique Central London needs recovery plan - Pages 6-7 COVER STORY - London Chamber of ...

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Unique Central London needs recovery plan - Pages 6-7 COVER STORY - London Chamber of ...
Issue 169 | October 2020

www.londonbusinessmatters.co.uk

COV ER S TO RY

Unique Central London
needs recovery plan
Pages 6-7
Unique Central London needs recovery plan - Pages 6-7 COVER STORY - London Chamber of ...
2     October 2020 Issue 169                                                                                             (Print) ISSN 1469-5162 (Online) ISSN 2051-9524

                                                                                                                            Regulars
                                                                                                                                                    Events
                                                                                                                                                    LCCI webinars –
                                                                                                                                                    what’s been on and
                                                                                                                                                    what’s coming up
                                                                                                                                                    Pages 22-23
                                                                                                                                                 Two minute interview
                                                                                                                                                 Gary Ruffhead, founder
                                                                                                                                                 of GPR PS Limited
                                                                                                                                                 Page 28

                                                                                                                                                 News from the EU
                                                                                                                                                 The latest from Brussels
                                                                                                                                                 Page 55

                                                                                                                            New members
                                                                                                                            Who has recently joined LCCI?
       10      London through the eyes of the homeless: art and entrepreneurship in the city                                Page 56

                                                            Features

               EU Exit
                                                                                 Celebrating black                                     Understanding China
                                                                                 business                                              Spotlight on Yintong
                                                                                 October is Black History                              Betser
                                                                                 Month

       London businesses urged to                            8                                                  12-13
       prepare for end of transition
                                                                                 Literature in the open air                           London Business
       Pages 4-5                                                                 Lemn Sissay on                                       Network
                                                                                 Wimbledon Common                                     Launched for the capital’s
       LCCI customs declarations scheme                                                                                               community
       Page 5                                               14                                                   15
       EU exit hub Page 21
                                                                                 Covid-19 Q&A                                         Infrastructure
                                                                                 New measures and                                     ‘Build, build, build’ for a
       Transition and trade deals – Q&A                                          government support                                   functioning economy
       Pages 26-27
                                                            16-20                                               32

                              Business law                                       London Tech Week 2020                                Home office
                              Lyndsey de Mestre on the                           Mapping the UK tech                                  Getting more out of
                              impact of Covid-19                                 sector                                               working from home

       35                                                   40                                                  48-49
      Front cover: London’s theatreland as it used to be. The centre of the city makes a unique contribution to the UK economy, and indeed to the world’s culture
      GRANT ROONEY PREMIUM / Alamy Stock Photo

                                             London Business Matters is edited by Peter Bishop – pbishop@londonchamber.co.uk

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Unique Central London needs recovery plan - Pages 6-7 COVER STORY - London Chamber of ...
October 2020                                                                                                                                                                                    News        3

More measures needed for
London to drive UK economy
R                                                                                                                                                                          “The Prime Minister
       esponding to the business sup-
       port measures announced at
       the end of September by the                                                                                                                                         will know better
Chancellor, LCCI chief executive
Richard Burge commented: “Whilst                                                                                                                                           than most that
businesses welcome government fi-
nancial support during these tough
                                                                                                                                                                           central London is the
times, they are also looking for gov-                                                                                                                                      economic engine of
ernment to not exacerbate the need
for help due to untargeted or unevi-                                                                                                                                       the UK.”
denced Covid-19 restrictions.
   “Many companies have diligently                                                                                                                                     is particularly acute for those in
kept operating during these last six                                                                                                                                   central London – where footfall is
months, or have reopened and tried                                                                                                                                     over 50 per cent lower than nor-
to recover, but their trade and reve-                                                                                                                                  mal.
nue isn’t where it needs to be right                                                                                                                                      “The Prime Minister will know
now. At face value they will welcome                                                                                                                                   better than most that central Lon-
the continuation of wage subsidy.                                                                                                                                      don is the economic engine of the
But they will study the required em-                                                                                                                                   UK. I hope his government will
ployer contribution levels carefully                                                                                                                                   now be looking at further, specific,
in making a decision about staffing                                                                                                                                    measures to help the capital drive
level viability.                        ferral measures, including the                                                        businesses will be acutely aware         the UK recovery faster.”
                                        lower rate VAT extension of those                                                     that high business rate payments
       Ball and chain                   in hospitality and tourism, will                                                      are soon to be a ball and chain          See pages 6-7 for the launch of
  “Loan repayment and VAT de-           be welcomed. But many London                                                          on their recovery. This challenge        the Central London Alliance

 Clarity needed
                                                                             Photos: Number 10/Flickr.com (CC BY-NC-ND 2.0)

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Unique Central London needs recovery plan - Pages 6-7 COVER STORY - London Chamber of ...
4                EU Exit                                                                                                                October 2020

    London businesses urged to
    prepare for end of transition
    L
         ast month, with 100 days left                                                                                       larly concerned that many small
         until the end of the post-EU                                                                                        businesses in the capital would be
         exit transition period, LCCI                                                                                        thinking that if they didn’t export
    joined with London’s local cham-                                                                                         to Europe then it’s someone else’s
    bers, deputy mayor Rajesh Agrawal,                                                                                       worry. “This couldn’t be further
    London Councils and the City of                                                                                          from the truth. Supply chains, em-
    London Corporation to urge busi-                                                                                         ployment law and transport affect
    ness across the capital to prepare for                                                                                   any business.
    the implications of departure.                                                                                              “London’s Local Chambers ful-
                                                                                                                             ly supports the LCCI and strongly
                  Focus                                                                                                      recommends that you investigate
    In an open letter to all London                                                                                          their EU Exit Hub to find out what
    businesses, the point was made                                                                                           you should be focusing on to en-
    that focus wasn’t just required for                                                                                      sure your business continues to
    companies that trade or do busi-                                                                                         prosper.”
    ness in the EU – all businesses need        Richard Burge, LCCI chief execu-     ject matters need immediate focus,
    to assess the impact on their: staff     tive said: “Of course Covid-19 is the   with an easy reference point to the           Unprecedented
    employment, business travel, ex-         clear and present risk for business,    official guidance and advice around     Catherine McGuinness, policy
    porting, importing, international        but we are increasingly worried that    those matters. The clock is ticking     chair at the City of London Cor-
    trade paperwork, costs, logistics,       business leaders are not sufficiently   ever faster, all London businesses      poration, said: “Businesses across
    data protection, e-commerce, ac-         focused on the fundamental change       need to give EU exit their attention,   the capital have had to focus their
    counting and auditing, public pro-       when we finally break with the EU –     despite the other challenges.”          efforts on dealing with the un-
    curement, intellectual property and      probably without a trade deal – on                                              precedented challenges posed by
    taxation. Firms also need to con-        the 31 December.                                 Investigate                    the Covid-19 pandemic for much
    sider impacts on their immediate            “It’s why LCCI has created an EU     Steve Nelson, chair of London’s         of this year. Alongside this critical
    supply chain.                            Exit Hub – to make it clear what sub-   Local Chambers, was particu-            focus, however, it is vital that firms

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Unique Central London needs recovery plan - Pages 6-7 COVER STORY - London Chamber of ...
October 2020                                                                                                                                       EU Exit                       5

                                                                              Call to action for business
                                                                              leaders – the letter in full
                                                                                  Businesses across the capital are grappling with competing
                                                                              pressures at present, so it is understandable that for many the end
                                                                              of the EU exit transition period may not be top of mind. But with
                                                                              only 100 days left until the transition period ends, it is critical that
                                                                              action is taken from now to start preparing for its impacts.
                                                                              Changes introduced from 1 January 2021 will affect much more
                                                                              than our trading relationship with the bloc. Buyers and sellers need
                                                                              to be ready for the potential impacts of logistical and financial
also prepare for the end of the tran-
sition period and what it means for
                                           London’s Local                     changes to other businesses across their supply chains. Employers
them.                                      Chambers fully                     need to ensure employees and recruitment plans are ready for the
                                                                              UK’s new immigration system. Contracts will need to be checked
   “There are a number of resourc-
es available to help businesses un-        supports the LCCI                  in case references to the EU need reviewing. For those businesses
                                                                              that trade with the EU in goods and services, it is essential that
derstand the potential impacts and         and strongly                       preparations are underway to deal with logistical, administrative,
provide advice. We urge firms to act                                          regulatory and legal changes.
now so that they are ready as pos-         recommends that                    That is why we are urging London business leaders to act now to
sible on day one after the transition
period ends.”
                                           you investigate their              ensure that the necessary steps are being taken to assess how your
                                                                              business and employees will be affected, and start putting plans in
                                           EU Exit Hub                        place to prepare as best as possible.
          Uncertain
                                                                              The challenges that many businesses face with current capacity,
Cllr. Clare Coghill, executive mem-     the problems of planning for an un-
                                                                              coupled with the uncertainty of what the pandemic may hold for us
ber for Business, Europe and Good       certain future”
                                                                              over the coming months and the pressures of the fast-approaching
Growth at London Councils, said:
                                                                              festive season, make it all the more important that businesses are
“With the EU exit transition period     To help London businesses in their
                                                                              ready to deal with change. And while some official preparation
ending in 100 days we support the       preparations London Chamber           details remain to be finalised, it is important to anticipate possible
calls for businesses across the cap-    of Commerce and Industry has          scenarios and seek the right advice and guidance on getting as ready
ital to prepare for the implications    launched an EU Exit Hub               as possible.
and are ready to help them ensure       www.londonchamber.co.uk/
their resilience, although recognise    eu-exit-hub/eu-exit-hub               See pages 26-27 for the EU exit Q&A

                                                                                 Employee Assistance
                                                                                 Programme (EAP).

                                                                                           Support for
                                                                                            the mind.
 Customs declarations                                                                       Anytime,
 From 1 January 2021 the UK will no longer be in the EU single
 market or customs union. This means that goods moving between
 the UK and EU – both imports and exports – will be treated
 differently from now. Customs declarations will need to be
                                                                                           Anywhere.
 completed for UK exports to the EU with immediate effect at the
 beginning of the year.
                                                                                While employees adjust to new                        Help your people boost their
 The requirement for individual customs declarations for imports                ways of working, they’re likely                      mental wellbeing today
 from the EU has been put back for six months i.e. until 1 July 2021            to need extra emotional and
 though traders will need to keep specific records to then complete a           practical support.                                   0330 127 3495
 summary declaration. Duty and VAT as appropriate will also need to             With Healthy Minds, they’ll have                     option 3
 be paid or accounted for.                                                      access to a range of confidential,                   bupa.co.uk/eap
                                                                                24/7 support from our experts.                       We may record or monitor our calls.
 LCCI has joined with ChamberCustoms to provide a Customs                       This can help them build resilience
                                                                                and manage worries before they
 declaration service to help exporters and importers comply with this
                                                                                turn into more serious issues.
 new requirement for trading with the EU, and indeed with the rest of
 the world where such declarations will continue to be needed. The              Bupa Employee Assistance is provided by Bupa Occupational Health Limited. Registered in England
                                                                                and Wales No. 631336. Registered office: 1 Angel Court, London, EC2R 7HJ
 service will be available in good time for the 31 December deadline                                                                                             MAY20 CLI 00651
 and will be publicised here and on the LCCI website.
Unique Central London needs recovery plan - Pages 6-7 COVER STORY - London Chamber of ...
6       Your business                                                                                                                  October 2020

    Unique Central London
    needs recovery plan                                                                                                      1. To provide specific support
                                                                                                                             and investment for Central
                         by Ros Morgan                                                                                       London business namely, for
                                                                                                                             the hardest-hit sectors, we are
      Central London is unique –                                                                                             calling for:
    as the nation’s capital city, in                                                                                         • an extension of the business rates
    the value it brings to the whole                                                                                           holiday beyond next April – for at
    country, and as the leading                                                                                                least another 12 months
    global city of talent, culture,                                                                                          • an extension of furlough (or sim-
    commerce and infrastructure.                                                                                               ilar) beyond October for at least

    I
                                                                                                                               the next six months
      t is also unique in the challenges                                                                                     • help with tax liabilities
      it faces and the role it must play                                                                                     • increasing the threshold for hos-
      in the recovery of the national                                                                                          pitality grants so that more cen-
    economy. When London does well,                                                                                            tral London businesses qualify.
    so does the rest of the UK. The cen-
    tre of London generates £211 billion                                                                                     2. To deliver coherent and specific
    in GVA, employs 1.9 million peo-               Making a case                    We know Central London better            communications and messaging
    ple and generates a substantial tax      Logic, therefore, dictates that Cen-   than anyone else, we know how it is      for Central London, we are calling
    surplus which funds the delivery of      tral London should receive the         suffering and we know what it needs      for:
    public services across the country –     unique attention, solutions and in-    now and into the future. It is time to   • advanced, timely messaging to
    crucial to levelling up the regions of   vestment it deserves. We must not      make ourselves heard. This is this is      avoid panic and knee-jerk reac-
    the UK.                                  wait for government to come to us.     one of the core reasons the Central        tions costing people their busi-
                                                                                    London Alliance has been estab-            nesses and livelihoods
                                                                                    lished – to unite us in making a case    • information on what we can do,
                                                                                    to government with one, unique             not what we can’t
                                                                                    Central London voice.                    • The last few months have seen
                                                                                       We have put together a Manifesto        mixed messaging, which created
                                                                                    for Recovery, which sets out our pro-      confusion and kept people away.
                                                                                    posals to get Central London back          These are challenging times, of
                                                                                    firing on all cylinders. We have three     course but government can and
             CREST CONNECTION UK LIMITED                                            asks of government.                        should do better.
                         T/A CREST SHIPPING SERVICES

         WE OFFER                                                                    Heart of the city
         • Sea Freight                                                               Heart of London Business Alliance
         • Air Freight                                                               represents 500 businesses and 100
                                                                                     property owners in the Piccadilly, St
         • Road Freight (All Over Europe)
                                                                                     James’s, Leicester Square, Piccadilly
         • International Courier Service                                             Circus and St Martin’s areas.
         • Import and Export Customs
                                                                                      As a Business Improvement District (BID), they provide a robust
           Clearance Service
                                                                                     voice on behalf of the business community, ensuring issues affecting
         • International Trade Consultancy                                           them are placed onto the wider agenda and in partnership with
         • Export Documentation                                                      others, act as a catalyst for positive change.

                                                                                                         Commercial wellbeing
             The team at Crest have over three decades of experience in
                                                                                     Heart of London’s purpose is to support the cultural and commercial
                 International Trade & Worldwide Transportation.                     wellbeing of the businesses and organisations they represent. In
                                                                                     2020, the BID secured another five-year mandate with 96 per cent
         Established since 2006, we are one of the UK's most reliable,
                                                                                     of businesses voting in support and making Heart of London the
         efficient and professional International Freight and Shipping
                                                                                     first BID to achieve four simultaneous ballot wins.
                                  Companies.
                                                                                     Having provided leadership and direction for businesses and
                                                                                     property owners for almost 20 years, as the COVID-19 pandemic
               Tel: +44 (0) 1923 251 444 | +44 (0) 1923 431 715                      brings a new set of challenges, Heart of London is solely focused on
                         Email: info@ccukgroup.com                                   driving the reopening and recovery of the West End.
                             crestconnection.com                                     www.heartoflondonbid.london
Unique Central London needs recovery plan - Pages 6-7 COVER STORY - London Chamber of ...
October 2020                                                                                                                    Your business                7

                                                                                                            SPONSORED COLUMN

                                                                                The rise of communications
                                                                                for resilient business
                                                                                                                       of, and affirmation of the positive
                                                                                                                       value of communication in business
                                                                                                                       has had consequences for the
                                                                                                                       mental health of those individuals
                                                                                                                       who are critical to delivering it.

                                                                                                                       A survey by the CIPR’s Health
                                                                                                                       Group explored the impact of
                                                                                Rachel Royall Chart.PR FCIPR           the coronavirus pandemic on
                                                                                Director, Healthcare, Wellbeing
                                                                                                                       communications professionals. It
                                                                                and Life Sciences at markettiers
                                                                                Chair of CIPR Health                   found that over half of respondents
                                                                                                                       reported their organisation placed

                                                                                I
                                                                                  n recent months communication,       ‘a lot’ of value on communications
                                                                                  both the art and the practice,       during the pandemic. However,
                                                                                  has been propelled front and         82% of respondents answered
                                                                                centre by business, government,        ‘yes’ to feeling a mental health
                                                                                and society, putting pressure on       impact. The collision of life and
                                                                                the professionals who provide          work, the increase in volume
                                                                                communication advice and               of communication needed,
3. To give London the public
transport and access it deserves.
                                            One of Central                      services. Faced with a global          the diversification of channels,
We cannot lurch from crisis to crisis       London’s greatest                   pandemic we have all hungered
                                                                                for factual, trusted information
                                                                                                                       additional hours, health and safety
                                                                                                                       fears, employment fears, home-
on TfL funding. We are calling for
government and City Hall to work            draws for tourists is               from trusted sources. Businesses       schooling, anxiety over loved ones

                                            its culture and
together to agree a five-year settle-                                           and the public sector have             whose treatments may have been
ment that puts sustainability at its                                            grappled with how to disseminate       delayed - and all other eventualities
centre.                                     heritage. But it is                 information effectively and at         - have understandably had an
                                                                                scale, with an almost apocalyptic      impact.
We are calling for:
• removal of the extended conges-
                                            collapsing before our               ramping up of digital channels.
  tion charge                               very eyes                           Business survival has depended on
                                                                                the ability of companies to continue
                                                                                                                       Whilst these anxieties are not
                                                                                                                       unique to the communication
• all the levers pushed to get Cross-
  rail open on time, making sure                                                to communicate effectively and         industry, world-class
  that business does not bear the          Come back stronger                   empathetically with customers and      communication is critical to
  burden of it going over budget         We have stated our engagement          employees alike.                       post-pandemic business recovery.
• incentives for green travel.           with government. But we need your                                             There is no doubt that the best
And, when it is safe to do so we         help!                                  The rise and importance of public      businesses will be investing in
want:                                       The full manifesto is on the Cen-   relations has been felt across all     communication channels and
• incentives to nudge people back        tral London website and needs to       sectors. In broadcast, for example,    resource. However, they also
  onto public transport. We had          be read, shared and quoted to move     a Havas Media Group survey             need to put in place the right
  Eat Out to Help Out. Why not           the campaign on and get the asks       found during lockdown 64% of           mental health support for teams
  Ride Out to Help Out?                  from government we need. Cen-          people were watching more live         to build resilience around the
• flexible ticketing that mirrors the    tral London has so much to offer.      TV than before the pandemic and        people who lead and deliver the
  new commuter.                          But for it to be there for us in the   some commercial radio stations         communication strategy and
                                         good times, we need to be there for    have seen daily listenership rise      process for organisations.
4. To help and allow London to be        it in the bad. Let’s work together     by almost 50%. The public turned
globally competitive.                    to make sure we come back even         to traditional and trusted forms       Great organisations that do great
Tourism is critical to our success. To   stronger.                              of media like the BBC, rather          communication value and invest
allow us to compete at a global level                                           than social media. For internal        in their people as advocates for
we are calling for:                      Ros Morgan is chief executive
                                                                                communications businesses              their business and their brands. We
• comparable marketing budgets to        of the Heart of London Business
                                                                                ramped up daily briefings, online      must understand the impact of
   our competitor cities                 Alliance. This is an edited version
                                                                                content, audio and video content,      the last few months on individuals’
• tax free shopping                      of her address at last month’s
                                                                                live streamed events, launched         mental health in order to put in
• extended Sunday trading                launch of the Central London
                                                                                podcasts and other channels            place expert support where it’s
• Visa reforms for global visitors.      Alliance (CLA) whose objective
                                                                                to effectively engage with their       needed to build the resilience of
                                         is to support a sustainable,
                                                                                employees and customers.               communications teams to lead and
One of Central London’s greatest         economic recovery of London’s
                                                                                                                       support business recovery.
draws for tourists is its culture and    business, hospitality, cultural,
                                                                                But what about the people behind
heritage. But it is collapsing before    tourism, and retail sectors, helping
                                                                                the communication? The challenge       For more information visit
our very eyes and before the affects     both employers and workers to          is that this rise in the importance    www.cipr.co.uk
become irreversible it needs help        thrive through the epidemic. CLA
now. So we are calling for specific      was set up by Tony Matharu,
support for the sector including:        founder and chairman of Integrity
• tax incentives for cultural pro-       International Group, and is
  ductions                               supported by LCCI.
• relief for suppliers.                  centrallondonalliance.com
Unique Central London needs recovery plan - Pages 6-7 COVER STORY - London Chamber of ...
8     Your business                                                                                                         October 2020

                                                                           Celebrating
                             SPONSORED COLUMN

    A Regulator
    with Teeth!                                                            black business
                                                                                   October is Black              and Tottenham riots and now em-
    Jon Sharp, Consultant Solicitor,                                               History Month writes          braces black people in general rather
    Silver Shemmings Ash                                                           Justine Pernice.              than specific cultures. Among a wide

                                                                           T
                                                                                                                 range of activities to commemorate
                                                                                 he idea of earmarking a         black history, enterprise is not for-
                                                                                 month for celebrating the       gotten.
                                                                                 contributions, cultures and        This month in London events
    The commonly held view             claims for business interruption    achievements of people of African     include Black Business Networking
    is that insurers very often        caused by COVID19 and the           and Caribbean origin started in the   Expo and the UK Black Business
    cause difficulties whenever        government action consequent        US in the 1920s.                      Show as well as lectures on inclu-
    a claim is made. Not, to be        upon it, should be paid. They         It was adopted by the UK in the     sivity and empowerment in work-
    fair, always without cause –       have also asked the court to        1980s following London’s Brixton      ing life.
    insurance policies are policies    give guidance on quantum – so
    of indemnity, designed to put      how much should be paid.

                                                                            Inspirational business
    insureds back into the position
    they were before the incident –    The Judgement is due

                                                                            leaders
    not better, not worse. Further,    tomorrow – 15th September
    the policy wording is the          – and there will be Appeals
    contract between insureds and      without any doubt. However,
    insurers – regrettably, many of    what is refreshing about the                              Madam C J Walker (1867-1919)
    us do not read this carefully to   FCA’s action is that it has been                          Madam Walker was the first female millionaire,
    make sure the policy covers the    entirely transparent – all the                            an astonishing feat in the early 1900s. She
    risks that we want it to cover.    pleadings, and full transcripts                           accumulated her wealth by developing and
                                       of the hearing are on the FCA’s                           marketing a line of cosmetic and haircare
    However, the recent almost         website for all to see. Rightly,                          products for black women, achieved while
                                                                                                 enduring segregation and The Great Migration.
    blanket denial by insurers of      as some 390,000-00 policy
    business interruption cover        holders are affected, and                                  Personal hygiene was challenging at the
    caused by COVID19 brought          considerable hardship has been       beginning of the 20th century and problems with hair and skin were
    this issue to the attention        caused to businesses, many of        common. Enter Madam Walker and her products. Her success
    of the Financial Conduct           whom paid extra for business         enabled her to buy a house next door to the vastly wealthy banker
    Authority – the FCA regulates      interruption cover.                  John D Rockefeller. Her story is told on Netflix’s Self Made and her
    the financial sector, and unlike                                        products can still be brought in Sephora stores.
    many regulators in this country,   Now I am not brave enough to         John H. Johnson (1918-2005)
    has real teeth. It can, and        predict the decision. But the                           The founder of Johnson Publishing, renowned
    does, impose massive fines,        FCA’s actions have ensured                              for its Ebony and Jet magazines, was, in 1982,
    can order banks and insurers       that, if nothing else, affected                         the first African-American to appear on the
    to change their policies and       policy holders who cannot                               Forbes 400. Previously, in 1951, he had a
    procedures, and can even bring     afford to take insurers to court,                       similar accolade when selected as Young Man
    it’s own Proceeds of Crime         have had their day in court in a                        of the Year by the United States Chamber of
    Act applications without the       tough battle between regulator                          Commerce.
    need to involve the Police. This   and regulated.
                                                                                                 Johnson Publishing diversified into
    Regulator abhors uncertainty
                                                                            book publishing, radio broadcasting, insurance and cosmetics
    in any of its regulated markets,   Jon Sharp is a Consultant            manufacturing, including Fashion Fair Cosmetics, once the largest
    and it’s overriding mantra is      Solicitor at Silver Shemmings        black-owned cosmetics company in the world. In 1996, Johnson
    that customers must be treated     Ash, has practiced in the            was awarded the Presidential Medal of Freedom, the highest civilian
    fairly.                            City for nearly 30 years with        honour in the USA.
                                       a wealth of experience in
    So, the FCA took insurers to       the insurance industry & a                                Levi Roots (1958 - )
    court. It did so under an agreed   number of reported cases that                             Born Keith Valentine Graham in Jamaica,
    framework with 7 insurers          demonstrate his abilities in the                          Levi Roots learnt from his grandma how to
                                                                                                 combine the spices of Jamaica to make sauces.
    regarding some 74 policies.        areas of dispute resolution,
                                                                                                 In the UK, he started by producing sauces in
    Whilst the framework for           insurance, marine, aviation,
                                                                                                 his kitchen with his children to sell from his
    bringing the matter to court       general commercial matters
                                                                                                 backpack. Equally well known as a reggae artist
    was agreed, that’s all that was.   and social media. Jonathan
                                                                                                 he performed at the Notting Hill Carnival and
    The FCA have firmly stood in       regularly presents seminars and      served food from his popular ‘Rast’raunt’.
    the shoes of policy holders and    lectures to the public, insurers,
    argued vociferously that the       banks and other lawyers              In 2007 he appeared on Dragon’s Den, the TV show for
                                                                            entrepreneurs,where Peter Jones and Richard Farleigh invested
                                                                            £50,000. Selling his sauces through Sainsbury’s, his portfolio
                                                                            includes best-selling cookery books, restaurants, and celebrity
                                                                            appearances, as well as music. Brixton-based Roots is reportedly
    jonsharp@silverllp.com
                                                                            worth £45 million.
    Tel: 0207 167 6602
    Mob: 07826 736 134                                                      Profiles supplied by Chellsie Brooks, Gwen Laryea, and Keith Bedford
    www.silverllp.com
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10     Your business                                                                                                                      October 2020

     London through the
     eyes of the homeless
     Seven years of handing out 100
     cameras to people who have
     experienced homelessness
     have resulted in a beautiful
     fundraising calendar being
     launched in London last month

     T
            he 2021 MyLondon calendar,
            and a sister publication the
            2021 MyWorld calendar, will
     support local homeless initiatives,
     but it will employ dozens of pho-
     tographers whose photographs and
     narratives feature in them.

                 Inspired
        Run by a small London social
     enterprise called Cafe Art, (the first
     project was framing and hanging
     art by homeless people in cafes,
     and giving the earnings from sales
     to the artists), their MyLondon cal-
     endar has inspired similar projects
     in many other cities. The 2021 My-
     World calendar will be a joint effort
     and raise money for those projects
     in Budapest, New Orleans, London,
     Sao Paulo, Sydney and Toronto.
        The calendars, cards and photo-
     graphs will be sold exclusively online   this year. Paul Ryan (left), co-founder   from photographers affected by          don taken by people who are or have
                                              of Cafe Art says: “Because of the risk    homelessness participating in pho-      been homeless.
                                              of a second spike in Covid-19 we can’t    tography contests using Fujifilm
                                              risk the health of the regular vendors,   Quicksnap one-time-use film cam-        The calendars sell for £10.99
                                              but we are giving them codes to give      eras. Since the first contest in Lon-   each, the greeting cards for
                                              to their regular customers for the        don in 2013, more than 700 partici-     £9.99 for a set of four and the
                                              online shop. If the customers use the     pants have taken photographs of the     photograph enlargements are
                                              code they will give the usual 50 per      city. The goals of the project are to   £19.99 each. All proceeds will go
                                              cent commission to the vendor.”           empower people through art, pho-        to the photographers affected
                                                                                        tography and entrepreneurship. It is    by homelessness and Covid-19
                                                       Art and                          not a calendar of what homelessness     support services.
                                                  entrepreneurship                      looks like but one of images of what    www.myworldphotographers.
                                                Images in the calendar come             the photographers love about Lon-       org
October 2020                                                                                                        International                       11

Lord Mayor pays virtual
visit to Queensland
Alderman William Russell
talked green finance and
                                                                                                                       This was a
fintech partnerships when he                                                                                           particularly great
paid his first – albeit virtual –
visit to Queensland earlier this                                                                                       opportunity to
summer.                                                                                                                strengthen

T
      he Lord Mayor’s visit was part                                                                                   collaboration in
      of a wider tour to enhance en-
      gagement between the City of
                                                                                                                       green finance
London and Australia, despite inter-                                                                                   and fintech
national travel disruptions caused
by Covid-19. His Queensland agen-                                                                                   investment opportunities across
da included a webinar hosted by                                                                                     green finance, pension funds, and
the Australian British Chamber of                                                                                   the institutional investment, envi-
Commerce and the City of London                                                                                     ronmental, fintech, and social and
Corporation, and a meeting with        in last month’s LBM. “This was a          Queensland Agent-General and       governance sectors.”
representatives from major super-      particularly great opportunity to      Trade and Investment Commis-
annuation firm QSuper.                 strengthen collaboration in green      sioner for Europe Linda Alpelt said   www.tiq.qld.gov.au
   Alderman Russell said he rel-       finance and fintech – areas of our     that her office was engaged with
ished the opportunity to connect       industry which will be key catalysts   the City of London Corporation        See page 52 for virtual tour of
with Queensland – the Austral-         for post-pandemic global econom-       on a regular and increasing basis     Mansion House as part of Lord
ian east coast state was featured      ic growth.”                            “to unlock high-value trade and       Mayor’s charitable activities

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12               International                                                                                                                                                                                                                                                                                            October 2020

     Understanding China –
     spotlight on Yintong Betser
                    Regular readers
                    of this magazine
                    will know
                    that Yintong
     Betser has been a frequent
     contributor on China and
     Chinese affairs since 2009
     so it feels only right to turn
     the spotlight for once on this
     creative and entrepreneurial
     lady writes Theresa Booth

     I
       have known Yintong for over 20
       years, since she first became a
       member of the Chopsticks Club,
     and must have discussed with her
     almost every subject relating to Chi-
     na. But it is only by doing this inter-
     view that I have properly discovered
     the extent of her pioneering and cre-
     ative career.
        Yintong was born in Beijing and
     moved with her British husband to
     London in 1993 where she worked
     for a travel company followed by
     three years with Tottenham Hot-
     spur Football Club as a marketing         18     Your business                                                                                                                                  April 2019              36     Your business                                                                                                                           March 2020

     executive. Whilst working at the
     club, she met her first client and                                  Yintong talks with...                                                                                                                                                         Yintong talks with...
     became the company’s Chinese                    Kevin Sui, chief executive of China Hour
                                                                                                                                                                                                                                   Patrik Schumacher, principal of Zaha Hadid Architects
     consultant. It was in this role that
                                                                                                                                                                                                                                  Z
                                                                                                                                         British government’s ambition to
                                                                                                                                         have 5,000 British pupils speaking
                                                                                                                                                                                     Kevin and his team                                  aha Hadid Architects (ZHA)                                                                                          with permanent local offices based

     she realised the need for bilingual,                                                                                                fluent Chinese by 2020; and the rise
                                                                                                                                         to third of Chinese in the table of
                                                                                                                                         most studied languages at A-level,
                                                                                                                                                                                     cover the whole
                                                                                                                                                                                     process, from the
                                                                                                                                                                                                                                         was founded in 1980 by the
                                                                                                                                                                                                                                         legendary Iraqi-British ar-
                                                                                                                                                                                                                                  chitect Zaha Hadid, crowned “the
                                                                                                                                                                                                                                                                                                                                                             in Beijing and Hong Kong.

                                                                                                                                                                                                                                                                                                                                                                         Thrilling
     Mandarin and English, profession-                                                                                                   overtaking German. Kevin explains:
                                                                                                                                         “The general programmes relating
                                                                                                                                         to China were produced mostly with
                                                                                                                                                                                     selection of a
                                                                                                                                                                                     programme, to
                                                                                                                                                                                                                                  queen of the curve” by The Guardian
                                                                                                                                                                                                                                  for her distinctive style representing
                                                                                                                                                                                                                                  “liberated architectural geometry,
                                                                                                                                                                                                                                                                                                                                                                Unlike in Europe, several build-
                                                                                                                                                                                                                                                                                                                                                             ings go up together, a community is
                                                                                                                                                                                                                                                                                                                                                             built, whole districts are created on a

     als to help UK businesses thrive in                                                                                                 the business and diplomatic audi-
                                                                                                                                         ence in mind. These programmes
                                                                                                                                         had a great deal of depth but they
                                                                                                                                                                                     importing, editing,
                                                                                                                                                                                     promotion and sales.
                                                                                                                                                                                                                                  giving it a whole new expressive
                                                                                                                                                                                                                                  identity”. Sadly, Zaha passed away
                                                                                                                                                                                                                                  four years ago, and Patrik Schu-
                                                                                                                                                                                                                                                                                                                                                             big scale at the same time – a thrilling
                                                                                                                                                                                                                                                                                                                                                             experience and a great challenge for
                                                                                                                                                                                                                                                                                                                                                             any architect. UK government sup-

     China. Consequently she set up
                                                                                                                                         were not in sufficient quantity and                                                      macher took over, championing the                                                                                          port has been welcome and helped
                                                                                                                                         coverage to be informative enough        initial goal was to achieve 300,000             company’s cutting-edge, beautiful                                                                                          secure ZHA’s recently completed
                                                                                                                                         to the general public, so China Hour     per month in the first year but in the          architecture throughout the world.                                                                                         Beijing Daxing International Air-

     her own enterprise, ACTIVE An-
                                                                                                                                         was born.                                first month it had already reached                 Schumacher has degrees in math-                                                                                         port, the largest airport in the world.
                                                                                                                                            “It is in English with the core       over 600,000 and gathered a viewing             ematics and philosophy, as well as                                                                                         This was necessary as the French and
                                                                                                                                         target audience being the British        of 9-10 million in 2018, with only              a PhD in architecture, and joined                                                                                          American competitors had mobilized

     glo Chinese Communications, a
                                                                                                                                         middle-class population. To achieve      four hours of daily broadcasting.               the firm when it was in its infancy.                                                                                       support from their governments. Ir-
                                                                                                                                         that, we don’t just buy programmes          To achieve this result, Kevin and            He was not, he tells me, driven by                                                                                         respective of the diplomatic efforts,
                                                                                                                                         and put them on our channel. In-         his team cover the whole process,               financial gain but by ideas and the                                                                                        ultimately the best scheme won.

     business and PR consultancy help-
                                                                                                                                         stead, we repackage them and dub         from the selection of a programme,              company vision. “I believed in her                                                                                            What advice could Schumacher
                                                                                                                                         the narratives in English.” As an ex-    to importing, editing, promotion                and the firm.”                               “The company had matured in         things with their hands, in profes-       share with other Western businesses
                                                                                                                                         ample he gave a programme called         and sales. With the time difference                Zaha Hadid’s creativity and tre-      the couple of years before her sud-     sions such as tailoring. You hardly       working with China? “Hiring capable

     ing UK and Chinese businesses
                                                                                                                                         Tea – the story of a leaf (below). The   Kevin stays late at night to ensure             mendous drive was tempered by an         den death. Especially after the pre-    saw any Western faces,” he recalls.       Chinese colleagues and gathering a
                                                                                                                                                                                  all is ready for his Chinese coun-              intense and occasionally abrasive        vious global financial crisis, we had                                             reliable and trusted circle of support
                                                                                                                                                                                  terpart to proceed first thing in               character. Schumacher was able           purposely started to build a sound         Fabulous buildings                     is crucial. We regularly give lectures

     develop in each other’s country.
                                                                                                                                                                                  the morning, then he gets up early              to survive and indeed thrive. With       infrastructure headed by a solid           Soon after they met the celebrat-      and share our knowledge in China.
                                                                                                                                                                                  to catch up with his colleagues in              only four in the company, everyone       management team. For example,           ed entrepreneur couple Pan Shiyi          Basically, we make ourselves available,
                                                                                                                                                                                  China before they go home. This ef-             had to pull their weight and cover all   we formed a Zaha Cluster, a circle of   and Zhang Xin of the Soho Chi-            develop friendships and build trust. I
                                                                                                                                                                                  ficiency has benefited Kevin greatly            ground to keep the business alive.       the 40 best design brains within the    na Group in Beijing. Their varied         still need to be involved in PR at the

                                                    S
                                                                                                                                                                                  as he now can enjoy a successful                                                         company, responsible for much of        backgrounds and cultures – Pan            most senior level but we rely on our
                                                                                                                                                                                                                                   Complementary skills

             Collaboration
                                                          ongyan Sui – known as Kevin        major incidents – the 2004 general                                                   work/life balance, a quality time to                                                     the front-end design work going out.    was originally from Hong Kong and         local staff to maintain the good rela-
                                                          – has quite a story to tell. En-   election in Taiwan, 9/11, the death                                                  look after his daughter and be there               During their business partner-        I also have the support of the board    brought up in Britain – and strong        tionship we have with related partners
                                                          couraged by his parents to         of the Pope, the tragedy of the Mal-                                                 for his family.                                 ship of almost 30 years, Schumach-       of directors, financial professionals   desire to create fabulous buildings       on a daily basis on the ground.”
                                                    become a doctor, he ended up be-         colm Bay Chinese immigrants … we            original programme was superb but                                                        er and Hadid worked through thick        and others on hand to help, so I am     in China combined to make them a
                                                    ing the founder of a Sky TV mini         covered them all.” These experiences        achieved surprisingly low viewing                     Change                             and thin, giving lectures together       not shouldering everything alone.”      potent and multiple award-winning                      Vibrant
     In 2005 she completed a master’s de-           channel ‘China Hour’ based in the
                                                    UK, via a career path that took in
                                                                                             and learning from other colleagues
                                                                                             provided Kevin with the necessary
                                                                                                                                         figures. Kevin learnt from this expe-
                                                                                                                                         rience, “The original audience were
                                                                                                                                                                                     Kevin’s parents had high hopes
                                                                                                                                                                                  for him to become a respected doc-
                                                                                                                                                                                                                                  and bidding for projects all over the
                                                                                                                                                                                                                                  world from Azerbaijan to Mexico,
                                                                                                                                                                                                                                                                              About 50 per cent of ZHA’s rev-
                                                                                                                                                                                                                                                                           enue is generated from projects in
                                                                                                                                                                                                                                                                                                                   force in architecture in the decades
                                                                                                                                                                                                                                                                                                                   to come.
                                                                                                                                                                                                                                                                                                                                                                Riding on the wave of the global
                                                                                                                                                                                                                                                                                                                                                             architectural boom, ZHA has grown
                                                    working when an agricultural sci-        tools and an awareness of viewing           the Chinese people in China who          tor to save lives and do good. In-              from the Middle East to China. Their     China and I ask how the practice           Despite the challenges of lengthy      in the last two decades with aston-

     gree in marketing to ensure she was            ence student in a North Chinese
                                                    cornfield, studying economics in
                                                    Australia, and becoming a BBC
                                                                                             the world objectively to work in the
                                                                                             media. Together they formed a solid
                                                                                             foundation for his career progres-
                                                                                                                                         were already familiar with the Chi-
                                                                                                                                         nese context of tea and tea culture.
                                                                                                                                         The British audience has a different
                                                                                                                                                                                  stead, his career went off on a com-
                                                                                                                                                                                  pletely different track. What would
                                                                                                                                                                                  they make of it now if they were
                                                                                                                                                                                                                                  projects ranged from an opera house
                                                                                                                                                                                                                                  to retail, from culture centres to
                                                                                                                                                                                                                                  mega cities. At the point of Hadid’s
                                                                                                                                                                                                                                                                           got involved with that country in
                                                                                                                                                                                                                                                                           the first place. I learned that Hadid
                                                                                                                                                                                                                                                                           and Schumacher had popped over
                                                                                                                                                                                                                                                                                                                   decision-making processes, fast de-
                                                                                                                                                                                                                                                                                                                   livery expectations, Schumacher
                                                                                                                                                                                                                                                                                                                   enjoys working in China, finding its
                                                                                                                                                                                                                                                                                                                                                             ishing speed. The number of per-
                                                                                                                                                                                                                                                                                                                                                             manent staff has increased from 40
                                                                                                                                                                                                                                                                                                                                                             to 400, and it has 950 projects in 44

     speaking the same language as many             broadcaster in London.
                                                       In 1990s China, young profes-
                                                    sionals who could pass stringent
                                                                                             sion in broadcasting.                       built-in understanding and mind-
                                                                                                                                         set. Our programme would need to
                                                                                                                                         connect with their knowledge with a
                                                                                                                                                                                  alive? “I still have a long way to go to
                                                                                                                                                                                  change the world for the better but I
                                                                                                                                                                                  feel I am on track in contributing to
                                                                                                                                                                                                                                  untimely death in 2016, ZHA had
                                                                                                                                                                                                                                  36 projects on-site in 21 countries.
                                                                                                                                                                                                                                  They were undoubtedly a tight team
                                                                                                                                                                                                                                                                           to southern China from Hong Kong
                                                                                                                                                                                                                                                                           when on a teaching assignment
                                                                                                                                                                                                                                                                           there in the late 90s. “Shenzhen
                                                                                                                                                                                                                                                                                                                   political and financial stability reas-
                                                                                                                                                                                                                                                                                                                   suring. Having worked there since
                                                                                                                                                                                                                                                                                                                   launching its first project of Guang-
                                                                                                                                                                                                                                                                                                                                                             countries.
                                                                                                                                                                                                                                                                                                                                                                With only three projects built in
                                                                                                                                                                                                                                                                                                                                                             England though, I hope that Zaha

     of her British clients and be better           English exams were encouraged by
                                                    the government to study overseas.
                                                    A correspondent with the prestig-           His natural curiosity and love
                                                                                                                                         shared empathy.
                                                                                                                                            “So, we invited the Lonely Planet’s
                                                                                                                                         China columnist to add an opening
                                                                                                                                                                                  the promotion of the understanding
                                                                                                                                                                                  between different cultures and peo-
                                                                                                                                                                                  ple; the direction hasn’t changed. I
                                                                                                                                                                                                                                  with complementary skills – Hadid’s
                                                                                                                                                                                                                                  genius of innovation and creativity;
                                                                                                                                                                                                                                  Schumacher, magician-like, weav-
                                                                                                                                                                                                                                                                           was a small fishing village at the
                                                                                                                                                                                                                                                                           time, it looked poor, with no shops,
                                                                                                                                                                                                                                                                           but there were lots of people making
                                                                                                                                                                                                                                                                                                                   zhou Opera House, 2003 – 2010,
                                                                                                                                                                                                                                                                                                                   ZHA has now developed a compre-
                                                                                                                                                                                                                                                                                                                   hensive project management system
                                                                                                                                                                                                                                                                                                                                                             Hadid Architects will bring more of
                                                                                                                                                                                                                                                                                                                                                             its modern, innovative buildings to
                                                                                                                                                                                                                                                                                                                                                             these shores. After all, London, in

     able to support her Chinese clients.           ious Economic Daily, Kevin accept-
                                                    ed the challenge and subsequently
                                                    went to Australia. While consider-
                                                                                             of exploration dictated that he was
                                                                                             ready to move on. A spell with
                                                                                             China Daily reinforced his under-
                                                                                                                                         talk filmed at familiar locations such
                                                                                                                                         as Twinings and Fortnum & Mason
                                                                                                                                         before the main body of the pro-
                                                                                                                                                                                  know they would be happy to see I
                                                                                                                                                                                  am doing something I enjoy. And
                                                                                                                                                                                  that, I certainly do.”
                                                                                                                                                                                                                                  ing ideas and creativity into finished
                                                                                                                                                                                                                                  products through systematic think-
                                                                                                                                                                                                                                  ing, backed up by theory.
                                                                                                                                                                                                                                                                                                                                                             Schumacher’s opinion, is the most ex-
                                                                                                                                                                                                                                                                                                                                                             citing city in the world with a vibrant
                                                                                                                                                                                                                                                                                                                                                             and versatile architectural environ-

     As ACTIVE grew, organising events              ing whether to continue his studies
                                                    there with a PhD, he successfully
                                                    answered a BBC World Service call
                                                                                             standing of the strong demand for
                                                                                             Chinese programming in the West,
                                                                                             with far too few such programmes
                                                                                                                                         gramme. This led the audience to
                                                                                                                                         the programme at their own pace.
                                                                                                                                         The revised version proved to be
                                                                                                                                                                                  www.chnpec.com/en                                         Inspiration
                                                                                                                                                                                                                                     He misses her as a friend of
                                                                                                                                                                                                                                                                                                                                                             ment, and where he and Zaha Hadid
                                                                                                                                                                                                                                                                                                                                                             developed their craft and prepared
                                                                                                                                                                                                                                                                                                                                                             themselves for ZHA’s global success.

     and accompanying British compa-                for Chinese-speaking staff, thus be-
                                                    ginning an 11-year association.
                                                                                             to satisfy western appetites. Putting
                                                                                             his newly-found business realisation
                                                                                             into practice along with his compre-
                                                                                                                                         successful, with one episode of the
                                                                                                                                         six parts series achieved 380,000
                                                                                                                                         viewings, compared with BBC News
                                                                                                                                                                                   Yintong Betser is the author
                                                                                                                                                                                   of a series of books on doing
                                                                                                                                                                                                                                  course but also “her inspiration,
                                                                                                                                                                                                                                  her drive to succeed and dedication
                                                                                                                                                                                                                                  to architecture.” Despite the huge
                                                                                                                                                                                                                                                                                                                                                             Yintong Betser is managing
                                                                                                                                                                                                                                                                                                                                                             director of ACTIVE Anglo Chinese

     nies on missions to China, she saw                        Learning
                                                      Kevin recounts his experience at
                                                    the ‘Beeb’ with fond memories and
                                                                                             hensive skills and knowledge, China
                                                                                             Hour was born in November 2016.
                                                                                                                                         at 10’s 400,000 viewing rating in the
                                                                                                                                         same month - a resounding result.
                                                                                                                                                                                   business in China and the
                                                                                                                                                                                   UK and managing director
                                                                                                                                                                                   of ACTIVE Anglo Chinese
                                                                                                                                                                                                                                  loss, the company has maintained
                                                                                                                                                                                                                                  its success, continuing to win bids
                                                                                                                                                                                                                                  with an enviable 30 per cent success
                                                                                                                                                                                                                                                                                                                                                             Communications connecting
                                                                                                                                                                                                                                                                                                                                                             business cross culture with PR and
                                                                                                                                                                                                                                                                                                                                                             marketing. She has published a
                                                                                                           Depth                                     Success
     the need for handy simple business             gratitude. “I was involved with al-                                                                                            Communications                                 ratio. How did he manage to con-                                                                                           series of books on doing business
                                                    most every aspect of the broadcast-         The interest in China within Brit-         Audience rating is obviously key                                                       tinue with Hadid’s legacy with such                                                                                        in China.
                                                                                                                                                                                   www.activeukchina.com
                                                    ing world and witnessed the world’s      ish society is there for all to see – the   to success in broadcasting. Kevin’s                                                      apparent ease?                                                                                                             www.activeukchina.com

     guidebooks. The result was Active
     Business Travel – Great Britain (in
     Chinese) and Active Business Travel                                 Celebrated                                                                                         ture to the UK for its ability to build                                                                      with the international market, par-
     – China (in English), both of which          Milestones during her twenty plus                                                                                         better country-to-country relations                                                                          ticularly in the culture sector.
     have since been reprinted as a result     year journey running her own con-                                                                                            and people-to-people understand-                                                                                Her curated events have includ-
     of a successful collaboration with        sultancy have included a pioneer-                                                                                            ing. This photography exhibition                                                                             ed a high-profile fashion forum for
     London Chamber of Commerce and            ing photographic exhibition called                                                                                           gave rise to a new business shift for                                                                        the Shanghai Fashion Week, the
     Industry and China Telecom Eu-            Ebb & Flow at the Saatchi Gallery                                                                                            Yintong, from previously support-                                                                            Guanxi in the Western Context
     rope. On republication, both guides       in 2014, where Lord Heseltine was                                                                                            ing mostly British companies do-                                                                             book launch for Professor Barbara
     were endorsed by the then Trade           a keynote speaker. He praised the                                                                                            ing business in China, she started                                                                           Wang as well as her popular an-
     Minister, Lord Stephen Green.             bringing of the best of Chinese cul-                                                                                         helping Chinese companies connect                                                                            nual Chinese New Year receptions
International                                                                                                           October 2020               13

                                                                                                               SPONSORED COLUMN

                                                                                   Pensions are
where musical
                                                                                   changing (again!)
talents    and                                                                     By Görkem Gökyiğit, Chartered
prominent                                                                          Financial Planner at Lubbock Fine
speakers from                                                                      Wealth Management
the Anglo Chi-
nese community are
showcased. As a sideline
to support her cross culture PR
events, Yintong has commissioned             With her sense of                     From 2028, the age at which           What if you would still like
a hugely popular range of yin-
yang and national flags, designed            creativity and                        individuals can access their          to retire at 55?
                                                                                   pension is set to rise from 55
cufflinks and lapel badges. These            entrepreneurial flair,                to 57.
                                                                                                                         You still can! It is worth
                                                                                                                         considering adding money into
are worn with pride by countless
business executives wanting to dis-          she has just                          The Government has confirmed          other tax wrappers, such as
play their UK-China credentials,
including many on China Britain
                                             launched the Global                   its intention to increase the age     Individual Savings Accounts (ISAs)
                                                                                                                         and General Investment Accounts.
Business Council trade missions.             SinoPhoto Awards                      at which people can access their
                                                                                                                         These are accessible from any
                                                                                   private pensions. The aim is to set
                                                                                                                         age and can be part of your
           Creativity                                                              the minimum retirement age to
                                                                                                                         ‘retirement fund’.
Wishing to develop her new interest       homogenized. Whatever one thinks         10 years below the state pension
in photography with business pro-         of Chinese politics today, its culture   age. This could help reflect trends   What 7 things should
jects, Yintong has wasted no time         is undisputedly rich, fascinating and
                                                                                   in longevity, encourage individuals   you ask yourself about
during Covid-19 lockdown to con-          global.
                                                                                   to remain in work longer, and help    retirement?
solidate her photographic knowledge.         By extending the award to ex-
She has completed online photogra-        amples of China culture outside          to ensure that pension savings are    It is important that every
phy courses with New York’s MoMA          mainland China, the photographs          used for later life.                  individual considers the following
and Beijing’s Central Fine Art Acad-      will reveal how Chinese culture has                                            questions:
emy as well as building up an audi-       been interpreted by not only the         What does this mean for
                                                                                                                         1. What does comfortable
ence through her photography blogs        worldwide Chinese diaspora, (for         you?
                                                                                                                            retirement look like?
via a Chinese social medial platform      which there are around 45 million
                                                                                   The full details are pending.         2. Am I making enough
WeChat. With her sense of creativi-       first generation Chinese living out-
ty and entrepreneurial flare, she has     side mainland China), but also sec-      However, depending on your age,          provisions?
just launched the Global SinoPhoto        ond and third generation Chinese,        you might be forced to wait two       3. When would I like to retire?
Awards with her co-founder Lynne          not forgetting how other nations         years to access benefits if your      4. Is it possible to improve the
Bryant, the founder of the renowned       and cultures have absorbed Chi-          birthday falls on the ‘wrong side’       investment returns of my
Architectural Photography Awards.         nese culture into their own cultur-      of the cut-off date. This would          pension?
Once again, the awards will be a first    al heritage. Overall, she hopes that
                                                                                   also give you two more years          5. Is my pension flexible enough
and are open now for submissions          the awards will “connect humanity,
until 5 January 2021. Covid-19 re-        strengthen understanding and build       of pension contributions and             to provide me with a range
strictions apart, the intention is that   communities through competition          investment growth, which could           of retirement options (lump
prizes will be awarded at her annual      and exhibitions.”                        change the size of your pension          sums, regular income, a
Chinese New Year reception. This                                                   pot.                                     guaranteed annuity payment
photography competition is open to                     Legacy                                                               or a combination of all)?
anyone interested in Chinese culture,     Yintong says that she will deem the      A 45-year-old today, with
                                                                                   pension savings of £200,000           6. What are the charges being
amateur or professional.                  project a success if the quantity and
                                          quality of the submissions are such                                               applied to my pension?
                                                                                   and making pension
      Understanding                       that she can make these annual           contributions of £1,000 per           7.   Have I nominated a beneficiary
Yintong tells me that she wants to        awards and establish them as part                                                   who would receive my pension
                                                                                   month would have a pension pot
“bring people together through            of the international photographic                                                   in the event of my death?
                                                                                   of £480,991 by the time they are
photography by inviting photogra-         awards calendar. She adds, with a
phers from all over the world to          wry smile, “we are also keen to find     55 (assuming a 5% growth per          How can we help?
participate with images of values         enthusiastic sponsors and support-       annum). If they continued saving      If you require any assistance with
shared by everyone; a love of life,       ers for this legacy project”.            at the same rate for another two      your retirement planning and
family and environment while re-             At a time when the West needs to      years, the pension pot would          pensions, please contact Görkem
flecting on an underlying Chinese         understand China better, this will       grow to £555,839 – a staggering       Gökyiğit (gorkemgokyigit@
culture”. She would like to build a       be a valuable study of the many hid-
                                                                                   difference of £74,848.                lfwm.co.uk).
better understanding of Chinese           den aspects of Chinese culture and
culture and society today, a culture      society.
which has been transported around                                                  Lubbock Fine Wealth
the world and with a history of over      www.sinophoto-awards.com                 Management LLP
5,000 years, which goes far beyond                                                 Paternoster House
Chinese food, styles of architecture      Theresa Booth is joint chief             65 St Paul’s Churchyard
and Chinese New Year, and create a        executive of the Chopsticks Club         London EC4M 8AB
legacy of photographs that bear wit-      and founding director of Engage          t +44(0)20 7490 7766
ness to this culture in a world that      with China Limited                       www.lfwm.co.uk
has become increasingly culturally        http://chopsticksclub.com
14   Your business                                                                                              October 2020

                                                                 Literature in
                                                                 the open air
                     Inspiring trust for a more resilient word

                                                                 Wimbledon Bookfest’s abridged version took account of rules on
                                                                 social gatherings to great effect and showed that such events can
                                 Join us at the                  be held safely and enjoyably writes Daniel Peters.

                 November Standards                              The weather helped as mid-September was positively balmy. And
                                                                 the line-up of authors was wide, varied and topical – featuring
              e-Conference, featuring                            former PM David Cameron (for the record I wouldn’t bother with his
                                                                 autobiography For the Record), former table tennis player and black
           the BSI Standards Awards,                             box thinker Matthew Syed, and local comedian Andy Hamilton.
                to focus on the future
             and building back better
                    through standards
                     BSI Standards e-Conferences are
             opportunities for cross-sector knowledge
                sharing and networking and exploring
                      key developments in standards.
            The e-Conference is designed for all those
            already making or using standards as well
          as anyone interested in learning more about
           the benefit of using standards or how they
                can get involved in their development.

             17-19 Nov 2020
                                                                                         Barnstorming
                                                                 Most entertaining of them all for me was poet Lemn Sissay. He
                                                                 was due to read from his remarkable memoir My Name is Why and
                                                                 latest poetry collection Gold from the Stone. He didn’t get round to
        Register here                                            either and instead gave a serious, hilarious, moving, barnstorming
                                                                 performance of a man who has survived an emotionally scarring
                                                                 (you would have thought) upbringing and has developed into
                                                                 something approaching a national treasure.
                                                                 www.wimbledonbookfest.org
                                                                 Photos by Jed Allen
October 2020                                                                                                                Your business               15

Free London business network
to help with Covid-19 recovery
A new, free, community                                                                                              • A ‘Proud to be part of the London
network for the capital’s                                                                                             Chamber Community Network’
businesses has been launched                                                                                          email footer.
by LCCI providing vital support
and assistance.                                                                                                     Note that joining the Community

T
                                                                                                                    Network does not give companies
       he Chamber is offering                                                                                       access to LCCI member-only
       all businesses who are                                                                                       benefits. These benefits include
       non-members complimenta-                                                                                     account management support,
ry access to the London Chamber                                                                                     discounts on export documentation,
Community Network. During chal-                                                                                     facilitated introductions to
lenging time for business, the net-                                                                                 members, member-only events,
work is designed to help companies                                                                                  profile-raising opportunities,
recover and rebuild.                                                                                                enhanced access to Chamber
   Joining the community provides                                                                                   Connect, HR and legal advice and
London businesses with access to:                                                                                   use of the city-based members’
• Business and policy news, digests                                                                                 lounge.
   and information resources, in-
   cluding EU Exit                                                                                                  The community is free to join and
• LCCI’s business resilience webi-     • Chamber Connect – Ask the Ex-         ed in LCCI’s Members’ Lounge         the registration process is simple.
   nar programme                         pert – 20 minutes of complimen-     • 40 per cent discount on Experian     Complete a short online form on
• Chamber Finance Finder – an on-        tary advice from LCCI member          marketing lists and five per cent    the LCCI website:
   line platform enabling a business     experts                               discount on London Chamber of        www.londonchamber.co.uk/
   to see available funding opportu-   • Complimentary token for one fu-       Arbitration and Mediation services   membership/london-chamber-
   nities                                ture LCCI networking event host-    • London Business Matters magazine     community-network

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