Mike Regnier, the head of Santander UK, has expressed reservations about further investment in the UK, citing the country’s high tax burden and increasing costs associated with compensating victims of fraud. In a session with the Commons Treasury select committee, Regnier highlighted the challenges faced by the bank’s UK operations, suggesting that allocating additional capital […]
Article content Wall Street traders sent stocks to fresh all-time highs as the United States Federal Reserve signalled it’s on track to cut interest rates for the first time since the onset of the pandemic. In a historic move, the S&P 500 topped 5,200 on speculation that the end of the most-aggressive Fed hiking cycle […]
Commuters across Britain are bracing for further travel disruption as train drivers at 16 rail companies and London Underground tube drivers have announced strike action for next month. Members of Aslef, the train drivers’ union, will stage a series of one-day walkouts from April 5 to 8, along with a six-day ban on overtime. The […]
HM Revenue and Customs (HMRC) has swiftly reversed its decision to close its self-assessment telephone helpline for half of the year, following significant public backlash. Originally, HMRC announced plans to close the helpline between April and September, redirecting taxpayers to online services. However, less than a day later, the tax authority announced that it would […]
Google has confirmed that it is implementing restrictions on the types of election-related queries users can pose to its Artificial Intelligence (AI) chatbot Gemini. This policy has been introduced in India, where elections are set to commence in April. The move aims to mitigate potential controversies surrounding AI technology. Gemini functions as Google’s counterpart to […]
Fashion retailer Ted Baker is on the brink of administration, posing a threat to hundreds of high street jobs across Britain. No Ordinary Designer Label, operating under the Ted Baker brand, initiated steps towards appointing Teneo Financial Advisory as administrators, as disclosed to Sky News on Tuesday. The impending administration is likely to lead to […]
Luxury carmaker Bentley is capitalising on the growing trend among the globe’s wealthiest individuals who are choosing to invest hundreds of thousands of pounds in “levels of personalisation that we’ve never seen before,” according to company statements. Despite widespread economic challenges, Bentley’s CEO, Adrian Hallmark, affirmed that “our customers can still afford our cars,” although […]
The UK is gearing up to trial its first electric flying taxis by 2026, a move that could see these futuristic modes of transport in regular use by the end of the decade, according to government sources. Unveiled on Monday, the Future of Flight initiative sets out a roadmap aimed at bringing technology once relegated […]
The Post Office will no longer be responsible for administering compensation for victims impacted by the flawed Horizon software. Post Office Minister Kevin Hollinrake made this announcement in the Commons on Wednesday afternoon, indicating a departure from the previously held responsibility. Acknowledging a recommendation from the Business and Trade Committee, Minister Hollinrake stated that the […]
As the looming deadline for £190 million in debt owed by Kemble Water, the parent company of Thames Water, approaches, a consortium of lenders has taken proactive steps by engaging the services of EY, a leading accountancy firm, to guide them through the negotiation process. The group of financiers, owed the substantial sum by Kemble […]