Labour’s plan to impose VAT on private school fees has come under scrutiny after it emerged that a key report justifying the policy was authored by a close friend of a government minister. Matthew Pennycook, a minister in the Department for Levelling Up, Housing and Communities, was reported to have been the best man at […]
Britain is on track to experience the largest exodus of millionaires globally as wealthy individuals flee the country ahead of the Government’s planned crackdown on non-domiciled tax (non-dom) rules. According to analysis by the Adam Smith Institute, the share of the UK population classed as millionaires is expected to drop by 20% over the next […]
The UK risks losing its leadership position in artificial intelligence (AI) without a clear national strategy for data centres, a key player in the sector has warned. Data centres, essential for powering cloud computing and AI applications, have become central to the digital economy. However, without a cohesive plan, the UK could fall behind in […]
Up to 10% of UK farmers may abandon the industry this month as concerns over rising Capital Gains Tax and reduced subsidies mount ahead of the new government’s Autumn Budget, according to Mark Chatterton, Head of Agriculture at Duncan & Toplis accountancy and business advisers. The looming financial pressures have left British agriculture at a […]
Trade unions and campaign groups have criticised what they call a “witch hunt” against flexible working, as Deputy Prime Minister Angela Rayner prepares to launch a major overhaul of employment law designed to give workers greater control over their work arrangements. The proposed reforms are part of the Employment Rights Bill, expected to be tabled […]
David Sullivan, chairman of West Ham United and one of Britain’s wealthiest individuals, has criticised the Government’s tightening of non-dom tax rules, blaming the changes for driving the super-rich out of the country. Sullivan, who is the football club’s largest shareholder, has cut the asking price of his 21,000 sq ft London mansion by £10m […]
Euston railway station has switched off its giant advertising billboard after an outcry from commuters who criticised the replacement of vital passenger information screens. The decision comes after mass cancellations on Avanti West Coast trains left thousands of passengers frustrated and confused on the station’s overcrowded concourse. Transport Secretary Louise Haigh intervened, directing Network Rail […]
Olive oil prices are expected to fall significantly in the coming months, with experts predicting a potential 50% drop as the Mediterranean’s largest producing region, Andalusia in Spain, gears up for a bumper harvest. The end of prolonged drought conditions is expected to boost production by 77%, with the region set to produce around 1 […]
After years of contentious negotiations and in-fighting, Pink Floyd has sold the rights to their entire music catalogue, name, and likeness to Sony Music for a reported $400M. The landmark deal, finalised this week, grants Sony rights to the band’s merchandise and media spin-offs, while the songwriting copyrights will remain with the band members. The […]
Canary Wharf has taken an unexpected turn in its efforts to revitalise the area, welcoming European eels and songbirds as part of a new initiative to boost biodiversity and enhance the appeal of its waterside environment. This latest move comes as the office district grapples with a post-pandemic decline in occupancy, as remote working reshapes […]