29{998ff540fe94a59c7c9828c4dd5223100610db67cea90947d11644c77e05f5f4} of UK businesses to cut jobs in next three months, survey says

British Chambers of Commerce reports big firms more likely to cut jobs than smaller businesses

Almost a third of companies plan to make job cuts in the next three months as the government prepares to wind down its furlough scheme, one of Britain’s leading business lobby groups has warned.

Sounding the alarm amid warnings of a steep rise in unemployment, the British Chambers of Commerce (BCC) said 29{998ff540fe94a59c7c9828c4dd5223100610db67cea90947d11644c77e05f5f4} of businesses in a survey of 7,400 firms planned to cut the size of their workforce in the next three months.

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Matt Mullenweg of WordPress: How a Fully Distributed Company Keeps a Team Engaged

If you’ve had to adapt to working from home in the last few months, you could learn a few things from Matt Mullenweg.

Co-founder of the website-building platform WordPress, and Automattic, its parent company, Mullenweg lives in Houston while overseeing a fully distributed team of about 1,100 employees operating in 77 cities around the world. 

During a Real Talk Business Reboot webinar on Wednesday, Mullenweg told Inc. Editor-at-Large Tom Foster that any person–or company–can adjust to post-office life if they try. “It can work for everyone, but I’ve seen people give up before they’re there,” he said. 

Working outside of the office, Mullenweg explained, has “an incredible impact on the individuals” and ultimately empowers them to lead richer lives. That, he says, “leads them to be able to bring more creativity to the work.”

Here are more takeaways from their conversation:

Beware ‘false proxies.’

Asked how businesses can track

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Joe Biden unveils aggressive $2tn climate and jobs plan

Proposal outlines $2tn for clean energy infrastructure and climate solutions, to be spent as quickly as possible in next four years

Joe Biden has unveiled a new, more aggressive climate and jobs plan which advisers say he would take to Congress “immediately”, if elected president.

The new proposal outlines $2tn for clean energy infrastructure and other climate solutions, to be spent as quickly as possible in the next four years, what would be the Democrat’s first term in office. Last year, he proposed $1.7tn in spending over 10 years.

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Rishi Sunak's capital gains tax review may usher in higher taxes on wealthy

Chancellor’s directive to focus on how people escape CGT ‘feels like starting pistol for a tax grab’, says analyst

Wealthy households could be in line for tax rises to claw back the cost of extra spending during the coronavirus pandemic, after the government called for a wide-ranging review of capital gains tax.

Rishi Sunak surprised backbench Tory MPs after he ordered the examination of the main tax on asset sales, which reaps billions of pounds for the exchequer each year on the sale of second homes, works of art and stocks and shares.

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Slack, Instagram, Twitter: Side Hustles That Became Billion-Dollar Companies

Thirty years ago, when I lived in a very small town, my next-door neighbor, John, would often stand in his backyard, staring off into space, sometimes for hours.

He was a very nice man, but still: I thought it was odd.

Only later did I realize that John, a computer science professor at a nearby university, was working through how to create the systems architecture for one of the first–and for a time, most successful–language-learning software products.

For John and his brother-in-law Allen, Rosetta Stone was just a side hustle.

If you’ve been thinking about starting a business while keeping your full-time job and are searching for a little motivation, here are some successful companies that began as side hustles.

Instagram

While working at Nextstop, Kevin Systrom decided to create his own location-based iPhone app: one that let users check in at specific locations, make plans for future

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