Business
Swiss family office Infinitas, Christian Angermayer’s Apeiron team up to fund more Swedish IPOs
Key Points
- Investors are increasingly drawn to Europe amid tariff uncertainty, but startups face still obstacles going public on European exchanges.
- Swiss real estate heir Robin Lauber and German billionaire Christian Angermayer are joining forces to get startups to go public in Sweden.
- Lauber told CNBC about their startup pipeline and why Sweden is a bright spot for ambitious firms in Europe.
Business
Young people on benefits to be offered construction and hospitality work
Young people on benefits will be offered taxpayer-funded jobs in areas such as construction and hospitality, in a bid to tackle rising youth unemployment.
The government plans to fund 55,000 six-month placements from an £820m pot announced at the Budget, which will also fund training and work support.
Work and Pensions Secretary Pat McFadden said those who decline the job offer without a “good reason” would be stripped of their benefits.
The Conservatives said the scheme showed that Labour had “no plan for growth, no plan to create real jobs”.
The placements will begin to be rolled out in six parts of the UK with high youth unemployment from spring 2026, it has been confirmed, following the initial announcement of the scheme in September.
The six-month roles will be “fully subsidised” for 25 hours a week, paid at the legal minimum wage, and offered to 18- to-21-year-olds on universal credit who have been looking for work for 18 months.
Employers taking part in the scheme are yet to be announced, but ministers have said new opportunities will be created in sectors including construction, health and social care and hospitality.
In total, the government plans to create 350,000 training and work experience placements.
On BBC’s Sunday with Laura Kuenssberg McFadden was pressed for more detail on what might count as a good reason to decline a role.
He said this could include where a “family emergency” prevented them from making an appointment.
The number of 16-24-year-olds not in employment, education or training – known as Neets – has been trending upwards since 2021, with the latest figures showing nearly a million young people are now not earning or learning.
It said that the government-backed jobs will not necessarily be in the same sectors, but that they would be in the following regions:
- Birmingham and Solihull
- the East Midlands
- Greater Manchester
- Hertfordshire and Essex
- Central and eastern Scotland
- South-west and south-eastern Wales
The government says that 900,000 young people in total who are on Universal Credit and are looking for work will be given a “dedicated work support session”, followed by four additional weeks of “intensive support”.
An employment coach will then refer them to one of six pathways: work, work experience, apprenticeship, wider training, learning, or a workplace training programme with a guaranteed interview.
The government expects more than 1,000 young people to start a job in the first six months of the scheme.
Shadow work and pensions secretary Helen Whately criticised other measures announced in the Budget, saying: “The Chancellor’s tax hikes are driving up youth unemployment, snatching a career from a generation of young people.”
She added: “This scheme is nothing more than taking with one hand to give with the other.”
Further plans are expected to be set out in the coming week as the government prepares to publish its national youth strategy.
Reeves previously announced that the government would be funding a scheme to make apprenticeship training for under-25s at small and medium businesses “completely free”.
There were 946,000 young people who were Neet in the UK in the three months to September – equivalent to 12.7% of all people aged 16-24.
A quarter cite long-term sickness or disability as a barrier to work or education, while the number claiming health and disability benefits is also on the rise.
The government announced last month that it was launching an independent review into the rising number of young people not working or studying.
Business
Redcar Area Foodbank running reverse advent calendar
Redcar Area FoodbankA foodbank is asking for donations ahead of Christmas through a reverse advent calendar.
Tracy Gibson from the Redcar Area Foodbank said it was “always busy at this time of year” and the advent calendar allowed people to give something to the local community.
Every day, the foodbank reveals on social media which item it would like the public to donate, ranging from food to Christmas treats.
Alongside the usual essentials, it will be asking for items such as custard, cranberry sauce and gravy.
Ms Gibson said instead of people getting something from an advent calendar in December, it was asking them to give something to the foodbank.
“We have a wee bit more treats in December, so that people can get a treat if they are struggling and need a food parcel, there’s some Christmas treats in there,” she said.
The foodbank will also be asking for items like socks, scarfs and gloves to give people an “extra little surprise” in their Christmas parcel.
Redcar Area FoodbankThe foodbank is also running a small toy appeal alongside the reverse advent calendar to help as many families out in the area as possible.
Ms Gibson said the foodbank was “always busy at this time of year” despite Christmas, as people were struggling more financially because of increased heating costs.
Business
Is Early Retirement At 50 Possible? Here’s The Savings Math
Last Updated:
Early retirement at 50 needs discipline, smart investing and a clear estimate of your future expenses. Compounding and diversification help build a strong long-term corpus.
To retire at 50, experts suggest multiplying annual expenses by 25–30 to find the ideal corpus.
Many people have a dream to stop 9-to-6 grind once and for all and take early retirement, typically after 50, when the body isn’t as fresh as in youth. But the task seems uphill, especially for the middle class, who are solely dependent on their monthly salary rather than a business.
Building a corpus isn’t rocket science. What it requires is financial discipline and self-control, while keeping focus on regular investment with a diversified portfolio, including equities, debt and gold and silver.
Compouding will work as magic wand to multiply your money, so you can build a substantial corpus that will be helpful in retirement.
Retiring at 50 means your money must last for the next 30–35 years, so estimating the right corpus is the first step, according to Ajay Kumar Yadav CFPCM, Group CEO & CIO , Wise Finserv.
So, How Can You Estimate A Right Corpus For You?
Yadav said that a practical way to do this to multiply one’s annual expenses by 25-30, based on the sustainable withdrawal rate of 3-4 per cent.
Giving an illustration, Yadav stated that if your current annual expense is 12 lakh, your ideal corpus should be 3 crore to 3.6 crore.
Inflation is the biggest money-eater and roadblocker in the pathway to building a good corpus. In simple terms, it reduces the purchasing power of the same amount over the time. For instance, what you can purchase with a note of Rs 100, you can’t do the same 5 year later.
Yadav explained that a monthly expense of 1 lakh grows to 1.34 lakh in five years at 6% inflation, raising annual expenses to 16.1 lakh. That lifts the required corpus to around 4 crore to 4.8 crore.
Other Assets As Important As Equities
Yadav underlined that equity is the main factor for compounding in the long term. However, he suggested, to still have a part of your investment in high-quality fixed-income allocations.
“They provide the investor with comfort, predictable cash flows and also help to maintain the discipline during the volatile phases,” he added.
Consider scenarios where equity returns stay flat, or markets go through multi-year volatility, Yadav underlined the importance of stress-testing for retirement plan. “. This exercise shows whether your corpus can truly last and whether you need to adjust spending, asset allocation, or risk levels.”
He recommended to add a contingency buffer of 10–15 %, setting up systematic withdrawals, and reviewing your plan annually can extend the life of your retirement money.
December 07, 2025, 12:47 IST
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