NatWest is to shut another 23 branches in England and Wales, adding to a raft of high street banking closures already announced this month. The sites will close in the first half of this year. The bank said the closures were due to more customers moving to mobile and online banking. It comes a week […]
Shell has put more than 2,000 jobs in the UK at risk after launching a “strategic review” of its domestic energy and telecoms supply division. The oil and gas supermajor said on Thursday that it had told staff in Shell Energy, which has operations in the UK, the Netherlands and Germany, that it has begun […]
British taxpayers have become shareholders in a further 53 companies backed by a government rescue funding scheme. These firms include a company that makes carbon negative period products, a firm producing meat cultivated directly from cells without the use of animals, and a “holistic” whisky distiller. The British Business Bank’s Future Fund was set up […]
The chain announced last year that it would be selling nearly 40 of its pubs due to the combined impact of the pandemic and soaring prices. It said more closures would be on the cards in November after sales dropped 1.1 per cent. So far, 11 of the pubs have been sold off, with them […]
The highest taxpayers in the UK include a scrap metal dealer, JK Rowling, the founder of Gymshark, Sting and the Duke of Westminster. When taken together the 100 wealthy individuals or families revealed in this year’s Sunday Times tax list were liable for a total of £5.181bn of UK tax last year. The fifth edition […]
Strike action at Royal Mail has cost the besieged postal company about £200 million, sending it to a large operating loss. International Distributions Services (IDS), the recently renamed parent company, posted operating losses at Royal Mail, its UK business, of £295 million for the first nine months of its financial year as it was laid […]
Nadhim Zahawi did not make an “innocent error” in his tax affairs, the head of HM Revenue & Customs has suggested. The Conservative Party chairman says HMRC told him he had made a “careless but not deliberate error” that led to a settlement of about £5 million, including a significant fine, when he was chancellor. […]
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC Breadcrumb Trail Links News Economy Federal government needs to limit spending and borrowing to get debt levels under control Former Bank of […]
Britons will have to work for longer before claiming the state pension under plans to save the government billions of pounds by raising the official retirement age to 68 sooner than initially planned. The present threshold of 66 will increase to 67 in 2028 and is due to hit 68 in 2046. However, ministers are […]
An Australian-based startup, Recharge Industries, has made a nonbinding offer for the collapsed UK battery company Britishvolt that could revive plans to construct a large plant in northern England. The bid was lodged in the UK late on Tuesday, shortly after a cash crunch at Britishvolt sent the company into administration. The collapse has severely […]