Elon Musk has unexpectedly requested the dismissal of his lawsuit against OpenAI and its CEO Sam Altman, which alleged that the AI company had abandoned its original mission to develop artificial intelligence for the benefit of humanity. The filing, submitted by Musk’s legal team, did not provide any reasons for the withdrawal. The move came […]
TV presenter Adrian Chiles is facing a £1.7m tax bill following the loss of his appeal against HM Revenue & Customs (HMRC) concerning his tax status during his tenure at ITV and the BBC. Mr Chiles, married to Guardian editor Katharine Viner, has been embroiled in a decade-long legal battle with the tax authority over […]
Prime Minister Rishi Sunak is set to revitalise his campaign with a Conservative manifesto focused on significant tax cuts and support for first-time home buyers. Sunak emphasises that it is “morally right” to reward hard work, positioning himself as a successor to Margaret Thatcher and Nigel Lawson. Key Points of the Conservative Manifesto £13bn in […]
Barclays bank branches throughout England and Scotland have faced a wave of protests led by pro-Palestine group, Palestine Action. Up to 20 branches were targeted, with buildings being defaced with red paint and windows smashed. The protests were staged to demand that Barclays divest from Israel’s weapons trade and fossil fuels, according to Palestine Action. […]
Labour has reversed its plan to reintroduce the pension lifetime allowance, sparking claims from the Tories of a significant financial “black hole” in Labour’s budget. The U-turn, valued at £800 million, sees Rachel Reeves, the shadow chancellor, abandoning the pledge to reinstate the lifetime cap on tax-free pension savings. Labour asserts that this policy reversal […]
Labour’s proposed tax on private education is set to drive up house prices in catchment areas of high-performing state schools, according to leading estate agent Hamptons. The plan, which includes the introduction of VAT on independent school fees, is anticipated to increase property values in desirable areas as parents move their children to state schools […]
The number of enquiries for loans to help pay private school fees has surged by a quarter, according to School Fee Plan. The company, which assists parents by paying school fees upfront and allowing repayments in monthly instalments, has seen a significant rise in interest compared to the same period last year. School Fee Plan, […]
Nigel Farage, leader of Reform UK, has expressed strong opposition to the idea of Shein, the Chinese-founded fast-fashion retailer, listing on the London Stock Exchange. Farage criticised efforts by ministers, including Chancellor Jeremy Hunt, to attract the company to London, arguing that it would not help revive the market. Farage emphasised that Shein’s potential £50 […]
Sir David Davis, former chairman of the Conservative Party, has sharply criticised the UK’s extradition treaty with the United States following the acquittal of British technology entrepreneur Mike Lynch. Lynch was cleared of charges related to inflating the value of his company, Autonomy, in its sale to Hewlett-Packard (HP). Davis stated that the acquittal is […]
Labour is set to announce measures to close a significant tax loophole that currently allows thousands of private equity investors to avoid paying income tax. This initiative will be a key feature in the party’s general election manifesto, which is expected to be unveiled this week. Currently, profits made from private equity deals are taxed […]