The UK’s rental market is facing a severe crisis, with an average of 21 prospective tenants competing for each available property, as the number of homes to rent continues to shrink. According to Zoopla, a leading property search platform, the availability of rental homes is now 24% lower than before the pandemic, driven by landlords’ […]
Global SMEs are showing increasing optimism about their future prospects, according to the new Global SME Confidence Index from Alibaba.com, a leading B2B e-commerce platform. The study with SME decision-makers across France, Germany, the UK, and the US, highlights a strong sense of resilience as SMEs navigate a challenging business landscape. The report found that […]
Google is facing accusations from the US Department of Justice (DoJ) of suppressing competition to gain dominance in the display advertising market, driving up costs for publishers and advertisers. The claims emerged on the first day of a landmark antitrust trial at a federal court in Alexandria, Virginia. “Google is not on trial because they […]
Britain’s exporters are feeling increasingly ill-equipped to seize international opportunities, according to the latest annual research commissioned by the Department for Business and Trade. The survey of 3,000 businesses with revenues exceeding £500,000 found that only 18% considered themselves experts in exporting last year, down from 24% the previous year. This is the lowest level […]
Small businesses are behind a significant portion of tax evasion in the UK, costing the government billions of pounds annually, according to a new report by the National Audit Office (NAO). The report revealed that small companies exploit weaknesses in government systems, contributing to 81% of the £5.5 billion lost to deliberate tax evasion in […]
Anthony Scaramucci, former White House communications director and founder of SkyBridge Capital, has warned that a proposed capital tax on unrealised gains could severely damage US capital markets. In an exclusive interview with Saxo for their US Election Hub, Scaramucci expressed scepticism over the feasibility of the tax, introduced by Kamala Harris, suggesting it would […]
Cyclists should consider taking out insurance to safeguard themselves and pedestrians, according to John Neal, the chief executive of Lloyd’s of London, the world’s largest insurance market. Neal’s comments come in response to a series of serious accidents involving cyclists, sparking renewed debate about the need for mandatory insurance. Describing the idea of insurance for […]
Topshop and Topman, once among the UK’s most iconic clothing brands, are set for a comeback as their website is relaunched following ASOS’s sale of a majority stake in the brands for £135 million. Danish clothing group Heartland, the parent company of Bestseller, will hold a 75% stake in the joint venture, while ASOS will […]
Labour’s plan to mandate that developers build affordable housing on at least 50% of “grey belt” land could render 80% of small development sites unviable, according to research by tech firm Viability. The study suggests that reducing the requirement to 35% would significantly improve feasibility, making 30% of sites viable for small developers. Viability analysed […]
The proportion of former rental properties entering the sales market has reached a record high, driven by landlords’ concerns over a potential rise in capital gains tax (CGT) in the forthcoming budget, according to property website Rightmove. Currently, 18% of properties for sale were previously rented out, compared to just 8% in 2010. London has […]