A British-based company which had ambitions of becoming a global pioneer in electric vehicle manufacturing has picked a new set of advisers to help it secure rescue funding. It is understood that Arrival, which is facing the prospect of being delisted from New York’s Nasdaq stock exchange, is working with Jefferies to keep it afloat. […]
A delay to new laws on e-scooters has been criticised by firms and campaigners who accuse the government of missing an opportunity to tighten up safety rules. E-scooters are widely sold and seen, but are currently only legal on private land or from trial hire schemes. There was no mention of new laws in the […]
The government is tackling out-of-date UK regulations by amending several post-Brexit retained EU laws — ensuring those like working time rules are “fit for purpose” to further jobs growth. A reduction of time-consuming reporting requirements and simplified calculations for annual leave and holiday pay under the Working Time Regulations are part of the reforms, as […]
Jeremy Hunt is planning to overhaul a tax on company pensions in an effort to unlock tens of billions of pounds of investment in the UK economy. The Telegraph understands that the Chancellor wants to use the Autumn Statement to slash a 35pc “penalty” tax rate that companies face when they withdraw cash surpluses from […]
The King’s Speech contains 21 new pieces of legislation including proposals to introduce tougher sentencing laws, a ban on the sale of cigarettes and measures to increase oil production in the North Sea. There will also be bills to reform the leasehold property system and introduce a new system of governance for football. The address, […]
UK house prices rose last month after a run of six monthly falls as sellers adopted a cautious attitude, leading to a shortage of homes on the market. The average price of a property rose to £281,974 in October, up 1.1% from September, an increase of almost £3,000 and the first time prices have gone […]
Fears that the UK is heading for a recession this winter have intensified amid signs Britain’s hard-pressed households are cutting spending as they save for Christmas and higher fuel bills. Two monthly snapshots of retail activity found shops and online outlets struggling because of consumer budgets being squeezed by dearer mortgages and the UK’s lingering […]
Elon Musk’s X has reinstated the accounts of far-Right influencers Katie Hopkins and Tommy Robinson, reversing lifetime bans on the pair imposed by the social network’s previous ownership. Ms Hopkins and Mr Robinson, whose real name is Stephen Yaxley-Lennon, were reinstated after Mr Musk responded to a tweet which pointed that out they remained banned […]
The UK data watchdog has apologised to former NatWest head Dame Alison Rose for suggesting she breached privacy laws following a probe into the closure of Nigel Farage’s bank account. Dame Alison resigned in July after admitting she had made a mistake in speaking about Mr Farage’s account. The Information Commissioner’s Office said its comments […]
British Steel has confirmed it plans to close down its blast furnaces in Scunthorpe, putting up to 2,000 jobs at risk. They will be replaced with two electric arc furnaces – one at Scunthorpe and one at Teesside. The company said its £1.25bn proposal would make British Steel “a clean, green and sustainable business”. But […]