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 […]
Amazon workers in Britain are taking strike action for the first time, with a third of staff walking out at a warehouse in Coventry in a dispute over pay. About 300 members of the GMB union, out of the 1,000 who work in the company’s warehouse BHX4, were due to stop work from midnight today […]
Working from home has saved Britons an average of 73 minutes each day, according to new research. Most of the time saved has been divided almost equally between more work and leisure activities, a report by the National Bureau of Economic Research found. The shift to working from home began almost three years ago, when […]
National Grid is expected to pay out more than £2m to households and businesses to encourage them to cut their power use at peak times on Tuesday. The electricity system operator plans to run its “demand flexibility service” – which incentivises households in Great Britain to use less power during a designated period – between […]
Ford plans to cut 3,200 jobs across Europe, according to Germany’s largest union, as the carmaker looks to slash costs and shift focus towards electric vehicles. Most of the 2,500 jobs in product development and up to 700 in administrative roles the automaker is hoping to cut are located in Germany, said IG Metall. The […]