Portsmouth International Port’s new £24 million border control post, built to handle post-Brexit border arrangements, may be demolished due to changes in border protocols rendering it commercially unviable. The facility, funded by both the central government and Portsmouth City Council, was designed to process up to 80 truckloads of produce daily but is now expected […]
A tax avoidance promoter whose schemes were used by locum doctors and nurses faces a £900,000 penalty for failing to co-operate with HM Revenue & Customs. IPS Progression Limited (IPS) paid their 1,593 scheme users largely with tax-free loans between April 2016 and April 2018. Some of the workers were locum doctors and nurses whose […]
Donald Trump, facing a substantial fraud fine, might find a lifeline in the stock market through Truth Social, his social media platform. The platform’s parent company, Trump Media, is set to go public following a merger with Digital World Acquisition Corp (DWAC). If approved, the merger would make Trump the largest shareholder in the combined […]
Apple finds itself embroiled in a legal battle with the US Justice Department, accused of leveraging the iPhone to establish a monopoly that drove up prices for consumers and stifled competition. The lawsuit alleges that Apple, the world’s second-most valuable company, achieved its “astronomical valuation” by impeding users and developers from leaving its ecosystem, rather […]
British shoppers tightened their belts on food spending last month, leading to a slowdown in retail sales growth following a strong start to the year. Official data on retail sales volumes remained flat in February, defying economists’ expectations of a 0.4% decline, after experiencing a robust 3.6% expansion in January. The Office for National Statistics […]
Millions of women, primarily born in the 1950s, are entitled to compensation following the government’s failure to notify them adequately about changes to the state pension age, resulting in financial hardships for many, according to a significant new report. The Parliamentary and Health Service Ombudsman (PHSO) concluded that affected women had lost opportunities to make […]
In a continuation of the ongoing recovery from recession, the private sector in Britain expanded for the fifth consecutive month, albeit at a slightly slower pace in March compared to the previous month. Survey data from purchasing managers revealed that the output index dipped marginally to 52.9 in March from 53 in February, slightly below […]
Mike Regnier, the head of Santander UK, has expressed reservations about further investment in the UK, citing the country’s high tax burden and increasing costs associated with compensating victims of fraud. In a session with the Commons Treasury select committee, Regnier highlighted the challenges faced by the bank’s UK operations, suggesting that allocating additional capital […]
Article content Wall Street traders sent stocks to fresh all-time highs as the United States Federal Reserve signalled it’s on track to cut interest rates for the first time since the onset of the pandemic. In a historic move, the S&P 500 topped 5,200 on speculation that the end of the most-aggressive Fed hiking cycle […]
Commuters across Britain are bracing for further travel disruption as train drivers at 16 rail companies and London Underground tube drivers have announced strike action for next month. Members of Aslef, the train drivers’ union, will stage a series of one-day walkouts from April 5 to 8, along with a six-day ban on overtime. The […]