The UK’s hospitality sector is facing a potential £900 million financial blow when business rates relief expires in spring 2024, prompting urgent calls for reform. Industry leaders have warned that without action from Chancellor Rachel Reeves in the upcoming budget, business rates will quadruple when relief ends on 31 March, costing the sector an additional […]
The UK tech industry is on edge as speculation mounts over potential changes to Capital Gains Tax (CGT) in the upcoming Autumn Budget. Leading audit and advisory firm Blick Rothenberg has expressed concerns that such changes could have a detrimental impact on the fintech ecosystem, a key driver of the UK’s global tech reputation. Simon […]
Breadcrumb Trail Links News Economy Public support for newcomers is sinking, poll finds ahead of the release of government targets Get the latest from Naimul Karim straight to your inbox Sign Up Published Oct 18, 2024 • Last updated 7 minutes ago • 3 minute read Public support for the number of newcomers coming into Canada […]
UK retail sales rose unexpectedly in September, defying analyst predictions of a contraction, as consumers increased spending on technology despite impending tax rises and economic uncertainties. According to the Office for National Statistics (ONS), retail transactions grew by 0.3% in September, building on a strong 1% increase in August. Analysts had forecast a 0.4% decline […]
Chancellor Rachel Reeves is reportedly considering the abolition of tax breaks for salary sacrifice schemes used by tens of thousands of drivers to lease electric vehicles (EVs). This move could potentially deal a significant blow to the UK’s push towards widespread EV adoption. The Treasury is reviewing whether to scrap or modify these schemes, which […]
Conservative leadership hopeful Robert Jenrick has pledged to unite a divided party and introduce economic policies that would see a 2p reduction in income tax. Speaking on GB News, Jenrick outlined his vision for a more cohesive Conservative Party, while emphasising his business background as a key driver of his economic strategy. “I’ve got friends […]
In a sharp escalation of tensions between Brussels and Elon Musk, one of the European Union’s top officials, Věra Jourová, has branded the billionaire tech entrepreneur a “promoter of evil” over his handling of X, formerly known as Twitter. Jourová, who oversees the EU’s efforts against online misinformation and hate speech, accused Musk of enabling […]
Tesco and Shell have struck a deal to purchase the entire output from the Cleve Hill solar farm, the UK’s largest solar project, which was initially planned to power 100,000 homes. The agreement sees 65% of the farm’s electricity going to Tesco’s supermarkets, while Shell will manage the remaining 35% for its growing network of […]
Ryanair has issued a stark warning to the UK government, threatening to cut hundreds of flights if Chancellor Rachel Reeves raises air passenger duty (APD) in the upcoming Budget. Michael O’Leary, Ryanair’s CEO, said any increase in APD, particularly on domestic flights, would severely impact customer demand and make certain routes economically unfeasible. O’Leary voiced […]
Hollywood director Alex Proyas, known for his work on the 2004 sci-fi film I, Robot, has accused Elon Musk of copying design elements from the movie for Tesla’s latest products. In a post on X (formerly Twitter), Proyas shared side-by-side images of his film’s robots and futuristic vehicles next to Musk’s Tesla Optimus robot and […]