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📩 The part of your interview prep you're probably skipping

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Many candidates prepare for interviews by memorising answers. They rehearse their competencies, polish their commercial awareness, and walk in feeling ready.

What they don’t realise is that a significant part of how you're assessed has nothing to do with what you say. It's how you enter the room, how you carry yourself under pressure, how you handle a question you weren't expecting, and how you leave a lasting impression in the final minutes.

On Wednesday at 13:00, Mark Dubes is joining us to cover exactly that. Mark has interviewed over 10,000 candidates and has seen every mistake, including the ones that cost people offers they should have got.

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UK Banks Face Political Tax Threat

After recent political instability, banks are worried that Prime Minister Keir Starmer might be replaced by a Labour leader that is more likely to tax them. In the November Budget, banks narrowly avoided tax raises after Rachel Reeves managed to secure alternative commitments by banks to boost UK lending.

As it stands, in addition to having to pay standard corporate taxes, banks have to pay a 3% surcharge on their profits. Last year, the former deputy Prime Minister - Angela Rayner - suggested increasing this surcharge on banks to 5%, which would raise an additional £1.5 billion annually. Banks are extra vulnerable at the moment given their recent surges in share value (due to high interest rates).

The Implications

Banks are uniquely vulnerable to political stability because of their political unpopularity and high profitability. This is driven by previous financial crises, where banks have always acted as the final trigger. As such, instead of being met with gradual tax changes, banks have to anticipate more sudden surcharges to be applied to their profits and act accordingly.

The November Budget highlights this issue, with a senior bank executive describing a lack of extra taxation on the banking sector as an ‘astonishing escape. ’ Even then, banks were subject to a transactional compromise which likely only panned out in the banks’ favour because their support was so essential to propping up Rachel Reeves’ fiscal plans.

What could a change in leadership mean for UK financial services?

  • UK banks face a higher political risk than other industries, where tax burdens could increase dramatically, and this in turn would depress share prices as investors become uncertain

  • Political instability may weaken the UK’s international competitiveness on banking, as mobile banking services means banks can shift their operations to the EU or US

  • Banks must maintain expensive governmental relations to ensure no detrimental treatment, which diverts resources away from productive business expansion activities

How to Use This In Applications

26 April 1962 — In a joint USA British venture, the first international satellite was launched from Cape Canaveral in Florida.

28 April 1770 — English navigator Captain James Cook and his crew, including the botanist Joseph Banks, landed in Australia, at Stingray Bay, which was later named Botany Bay.

29 April 1993 — It was announced that Buckingham Palace would be opened to the public for the first time (during August & September) in a bid to raise funds to repair Windsor Castle.

30 April 1789 — George Washington becomes the first President of the USA.

1 May 1707 — England and Scotland unite, forming Great Britain, through the Act of Union 1707.

2 May 1952 — The first jet airliner set off from London to Johannesburg. (Aviation law, anyone?)

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It covers applications, interviews, assessment centres, and more. You’ll also get a certificate you can add to your CV and LinkedIn.

When you join, you will also gain access to the Watson Glaser Practise Hub where you can practise as much as you need to comfortably pass it!

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