British tech entrepreneur Mike Lynch is preparing to launch a campaign to support Britons who have been wrongfully convicted in the US, following his acquittal of multi-billion dollar fraud charges. Lynch is considering funding a British equivalent of America’s Innocence Project, an organisation dedicated to overturning wrongful convictions in a country where only 0.4% of […]
Petrol stations have come under fire after overcharging UK motorists by a staggering £1.6 billion last year, according to the Competition and Markets Authority (CMA). The regulator’s findings reveal that fuel margins – the difference between the wholesale cost and the pump price – have remained significantly above pre-pandemic levels. The CMA highlighted that supermarkets […]
John Lewis is set to unveil a wide array of new homeware brands, including a line of pots and pans by actor Stanley Tucci, in a strategic move to rejuvenate its retail offerings and attract middle-class shoppers from rival Marks & Spencer. The renowned department store plans to introduce 36 new lighting, kitchenware, and furniture […]
HMRC has collected an additional £14.4 million in tax from insolvencies over two tax years up to 2023 since it regained its ‘preferential creditor’ status. The preferential status, known as ‘Crown Preference’, was reinstated for HMRC in December 2020, granting it priority in reclaiming taxes owed from insolvent businesses ahead of other unsecured creditors, including […]
Figures released this morning by HM Revenue and Customs (HMRC) reveal that inheritance tax receipts reached £2.1 billion from April to June in the 2024/25 tax year. This figure is £83 million higher than the same period last year, continuing a two-decade trend of increasing receipts. The previous full tax year saw inheritance tax revenue […]
More than half a million individuals are now paying up to 60 per cent in income tax on the top portion of their earnings, a record number caught in this punitive tax trap according to Bowmore Financial Planning. Salaries ranging between £100,000 and £125,000 fall into this tax anomaly. While the official top rate of […]
The new Government must address the 55% effective tax rate on Universal Credit recipients if it aims to reduce unemployment. That’s according to Robert Salter, Technical Director at audit, tax, and business advisory firm Blick Rothenberg, who highlighted the issue in light of the recent King’s Speech, where the Government committed to focusing on employment. […]
A recent study of the UK’s largest firms has highlighted that neurodiverse business leaders should serve as role models within their organisations. According to 64% of FTSE 350 Board Directors and HR professionals, fear of stigma and potential repercussions is discouraging neurodiverse leaders from discussing their diagnoses openly. The research, commissioned by celebrity chef Heston […]
SSE and TotalEnergies have launched a joint venture aimed at boosting the electric vehicle (EV) infrastructure in the UK and the Republic of Ireland by installing 3,000 ultra-fast charging points. The new business, named Source, plans to deploy these charging points over the next five years, strategically placing them in 300 hubs along major roads […]
The latest SME Barometer from Prism has been released highlighting a cautious yet steady increase in business confidence among UK SMEs. Despite ongoing economic challenges, SMEs are displaying remarkable resilience and optimism for the future. Key Findings: Business Confidence on the Rise : The Institute of Directors (IoD) Confidence Index improved to -10 in April […]