Chancellor Jeremy Hunt’s remarks about £100,000 not being a significant salary for residents in his Surrey constituency have sparked controversy and criticism. Hunt made the statement on social media while discussing government childcare eligibility criteria, which exclude families with a parent earning over £100,000. Labour representatives swiftly condemned Hunt’s comments, arguing that they illustrate the […]
Aston Martin has made a significant move by poaching the chief executive of rival Bentley to lead the London-listed carmaker, marking the third change in leadership within four years. Adrian Hallmark, 61, who spearheaded a successful turnaround at Bentley under Volkswagen’s ownership, will now take the helm at Aston Martin. During his tenure, Bentley experienced […]
Bahrain’s sovereign wealth fund, Mumtalakat Holding Company, has finalised a deal to become the sole shareholder of McLaren Group, marking a significant milestone in the journey of one of Britain’s most iconic automotive manufacturers. After years of negotiations aimed at securing the long-term stability of the company, McLaren is now under the full ownership of […]
Portsmouth International Port’s new £24 million border control post, built to handle post-Brexit border arrangements, may be demolished due to changes in border protocols rendering it commercially unviable. The facility, funded by both the central government and Portsmouth City Council, was designed to process up to 80 truckloads of produce daily but is now expected […]
A tax avoidance promoter whose schemes were used by locum doctors and nurses faces a £900,000 penalty for failing to co-operate with HM Revenue & Customs. IPS Progression Limited (IPS) paid their 1,593 scheme users largely with tax-free loans between April 2016 and April 2018. Some of the workers were locum doctors and nurses whose […]
Donald Trump, facing a substantial fraud fine, might find a lifeline in the stock market through Truth Social, his social media platform. The platform’s parent company, Trump Media, is set to go public following a merger with Digital World Acquisition Corp (DWAC). If approved, the merger would make Trump the largest shareholder in the combined […]
Apple finds itself embroiled in a legal battle with the US Justice Department, accused of leveraging the iPhone to establish a monopoly that drove up prices for consumers and stifled competition. The lawsuit alleges that Apple, the world’s second-most valuable company, achieved its “astronomical valuation” by impeding users and developers from leaving its ecosystem, rather […]
British shoppers tightened their belts on food spending last month, leading to a slowdown in retail sales growth following a strong start to the year. Official data on retail sales volumes remained flat in February, defying economists’ expectations of a 0.4% decline, after experiencing a robust 3.6% expansion in January. The Office for National Statistics […]
Millions of women, primarily born in the 1950s, are entitled to compensation following the government’s failure to notify them adequately about changes to the state pension age, resulting in financial hardships for many, according to a significant new report. The Parliamentary and Health Service Ombudsman (PHSO) concluded that affected women had lost opportunities to make […]
In a continuation of the ongoing recovery from recession, the private sector in Britain expanded for the fifth consecutive month, albeit at a slightly slower pace in March compared to the previous month. Survey data from purchasing managers revealed that the output index dipped marginally to 52.9 in March from 53 in February, slightly below […]