Breadcrumb Trail Links News Economy Tiff Macklem urges Canada to reduce trade barriers Published Sep 10, 2024 • 3 minute read Bank of Canada Governor Tiff Macklem says global trade has shifted thanks in large part to the West’s changing relationship with China. Photo by Sean Kilpatrick /The Canadian Press Article content Slowing globalization and […]
Adrian Newey, widely regarded as the greatest designer in Formula 1 history, has joined Aston Martin as managing technical partner, with a mission to lead the team to a world championship. The announcement was made at the team’s F1 base in Silverstone, where Newey also became a shareholder in the team. The 65-year-old’s new contract […]
Rachel Reeves is being urged by the Resolution Foundation to implement a £9bn tax on pension contributions in the upcoming Budget to address rising government spending. The left-leaning think tank recommends that companies should be required to pay National Insurance on contributions made to staff pension schemes, arguing that the current tax relief is “unnecessary” […]
The Resolution Foundation has recommended that Rachel Reeves consider significant tax changes in the upcoming Budget, including increases to inheritance and capital gains taxes, to address the rising fiscal challenges faced by the government. The think tank’s report suggests that scrapping inheritance tax reliefs for agricultural property and business assets could generate £2 billion annually. […]
Entain, the gambling group behind Ladbrokes and Sportingbet, has reported a quicker-than-anticipated return to year-on-year growth in its British online revenues, thanks to strong performance in the second half of the year. The company’s unscheduled update revealed positive momentum continuing into the third quarter, driven by increased engagement from events such as the Euro 2024 […]
Over a million low-paid workers in the UK are set to receive a wage increase of about 6% next year, as the government pledges to raise the national living wage to £12.10 an hour. The Low Pay Commission, following Labour’s directive to ensure a “genuine living wage,” has outlined plans for the increase and may […]
Santander has tightened its hybrid working policy, instructing its UK office-based staff to work the equivalent of three days a week at its offices. In a recent update to 10,000 employees, the Spanish-owned bank announced that its current policy of allowing staff to work two days a week at one of its sites would be […]
Martin Blackham, a UK-based broadcast journalist currently reporting on the Gaza conflict in Israel, has filed a formal complaint against Barclaycard, alleging anti-Semitic behaviour by the company’s staff. Blackham’s complaint, addressed to Barclays Bank CEO C.S. Venkatakrishnan and seen by Business Matters, centres around the bank’s refusal to maintain his credit card limit, which he […]
Google has been accused by the UK’s Competition and Markets Authority (CMA) of abusing its dominance in the online advertising market, allegedly overcharging publishers and stifling competition. The CMA issued a statement of objections to the tech giant on Friday, following an investigation that suggested Google’s actions may be illegal. The case adds to a […]
The Body Shop has been saved from administration in a rescue deal led by cosmetics tycoon Mike Jatania, securing 113 stores and safeguarding more than 1,000 jobs. The former Molton Brown chief, Charles Denton, will take the helm as chief executive under the new ownership. The deal, facilitated by administrators at FRP, involves the sale […]