Despite mounting pressure from the automotive industry, the latest Budget failed to incorporate a proposed 50% reduction in VAT for electric cars, leaving many disappointed. This measure, if implemented, could have significantly lowered the purchase price of electric vehicles (EVs), thereby fostering greater accessibility for both businesses and households. Furthermore, the absence of an extension […]
Pharmaceutical giant AstraZeneca has announced its ambitious plans to inject £650 million into the UK, a move set to fortify the nation’s already prominent Life Sciences industry and bolster economic growth. This substantial investment is poised to not only enhance public health protection but also elevate pandemic preparedness measures. The cornerstone of AstraZeneca’s investment strategy […]
Jeremy Hunt is delivering his spring budget with one eye on a looming general election later this year. The Conservatives have said they want to reduce the tax burden on British workers and improve economic growth. However, official forecasts have indicated that the chancellor has much less to spend than expected, which has forced him […]
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Chris Packham, the renowned naturalist and TV presenter, has been granted permission to pursue a judicial review of the UK government’s decision to scale back certain green policies aimed at achieving net zero emissions by 2050. The decision by Prime Minister Rishi Sunak in September included delaying the ban on new petrol and diesel cars […]
Siemens, the German technology giant, has unveiled plans to invest £100 million in a new manufacturing centre at its Chippenham rail signalling factory site in Wiltshire, England. This investment is part of Siemens’ broader strategy to modernise its manufacturing facilities and enhance its presence in the UK. The new facility, slated to open in 2026, […]
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post […]
As budget week commences, the British government has introduced a new investment package aimed at propelling the UK to become a global leader in manufacturing. Valued at £360 million, jointly funded by the government and industry, this initiative aims to support research and development (R&D) as well as manufacturing projects in sectors where the UK […]
Chancellor Jeremy Hunt has reaffirmed the government’s commitment to providing 15 free hours of childcare for two-year-olds starting next month, asserting that the scheme remains “on track.” However, he acknowledged the inability to provide an “absolute guarantee” that all children would secure a place. Describing the initiative as the most significant expansion of childcare in […]
Chancellor Jeremy Hunt has tempered expectations of tax cuts in Wednesday’s budget, announcing instead an £800 million package of technology reforms aimed at streamlining processes for frontline public sector workers. Under the Treasury’s initiative, drones will be deployed by the police to assess incidents such as traffic collisions, while artificial intelligence will be harnessed to […]