Category: In Business

Oct 31

Aston Martin bleeding £1m a day as supply chain issues and china demand slump hit targets

Aston Martin Lagonda, Britain’s only carmaker listed on the London Stock Exchange, is grappling with substantial financial setbacks, missing all 2024 targets as production cuts, supply chain issues, and a steep drop in Chinese demand impact performance. The luxury automaker, led by new CEO Adrian Hallmark, is burning through cash at over £1 million a […]
Oct 31

Land Rover and Range Rover hybrid sales surge as EV uncertainty shifts buyer focus

Amid ongoing uncertainty around electric vehicle (EV) adoption timelines, demand for Land Rover and Range Rover plug-in hybrids (PHEVs) has surged. Jaguar Land Rover (JLR), the West Midlands-based, Indian-owned automotive group, has reported a 29% increase in global sales of its PHEV models for the first half of its financial year, ending in September. This […]
Oct 30

Budget 2024: £40bn tax hike through NIC and Capital Gains Tax leaves businesses on edge

In her debut Budget, Chancellor Rachel Reeves has introduced £40bn in tax hikes, largely focused on increasing employer National Insurance Contributions (NICs) and implementing a temporary repatriation facility for non-domiciled individuals. According to Nimesh Shah, CEO of Blick Rothenberg, while pre-Budget rumours had suggested sweeping tax changes, the actual announcements were more focused, though still […]
Oct 29

Top Labour donor Dale Vince says rich fleeing capital gains tax raid can ‘f— off’

Wealthy individuals threatening to leave the UK to avoid expected tax increases should “f— off,” according to Dale Vince, green energy tycoon and major Labour donor. Vince, who has donated £5 million to Labour, dismissed as “profoundly stupid” the idea that higher taxes could harm UK entrepreneurship, asserting that those solely interested in low taxes […]