HM Revenue & Customs (HMRC) has reported a significant increase in tax receipts, providing a much-needed boost to the government following criticism over the recent budget. According to leading audit, tax, and business advisory firm Blick Rothenberg, total tax receipts have grown by £24 billion over the past year compared to the previous 12 months. […]
The brewing controversy over mis-sold car loans has forced Santander UK to set aside £295 million to potentially compensate aggrieved motor finance customers. The bank joins a small but growing list of lenders that have started to make provisions for the growing scandal, which some analysts believe could leave the car loans industry footing a […]
A growing scandal over mis-sold motor finance could leave lenders facing compensation bills of up to £30 billion, according to a warning from leading credit rating agency Moody’s. The estimate is the highest so far and raises concerns that the issue could mirror the payment protection insurance (PPI) debacle, which ultimately cost firms around £50 […]
The Governor of the Bank of England, Andrew Bailey, has cautioned that the recent increase in employers’ National Insurance contributions could create uncertainty over future interest rate cuts. Addressing MPs on the Treasury Select Committee, Bailey noted that while inflation has been falling faster than anticipated—prompting the Monetary Policy Committee (MPC) to reduce interest rates […]
France has launched a significant advertising campaign in the UK to attract businesses disillusioned by recent tax changes introduced in the UK’s Budget. The “Choose France” initiative has appeared in major UK newspapers, including full-page adverts in The Times and the FT, shortly after Labour’s Budget announcement at the end of October. One such advert […]
Article content A northern Ontario First Nation has decided it is willing to continue with the process to potentially become host to a deep geological repository for Canada’s nuclear waste. The Nuclear Waste Management Organization plans to select a site this year where millions of bundles of used nuclear fuel will be placed in a […]
Employers are preparing to relocate tens of thousands of British jobs overseas in response to Chancellor Rachel Reeves’s recent Budget, leading recruitment experts have warned. James Reed, chief executive of recruitment giant Reed, revealed that companies are exploring shifting roles to lower-cost countries like India to offset the increased expenses resulting from the “triple whammy” […]
Employers are preparing to relocate tens of thousands of British jobs overseas in response to Chancellor Rachel Reeves’s recent Budget, leading recruitment experts have warned. James Reed, chief executive of recruitment giant Reed, revealed that companies are exploring shifting roles to lower-cost countries like India to offset the increased expenses resulting from the “triple whammy” […]
Donald Trump’s proposals to impose hefty tariffs on goods entering the United States could deliver a £20 billion blow to the British economy, analysts have warned. The President-elect’s plan to levy a 60% tariff on Chinese products sold to American businesses, alongside a 20% tariff on all other imports, “poses challenges” for the UK government, […]
Donald Trump’s proposals to impose hefty tariffs on goods entering the United States could deliver a £20 billion blow to the British economy, analysts have warned. The President-elect’s plan to levy a 60% tariff on Chinese products sold to American businesses, alongside a 20% tariff on all other imports, “poses challenges” for the UK government, […]