Amazon could be off the hook for tax in the UK for at least two more years after benefiting from reliefs brought in by Rishi Sunak during the pandemic, a report suggests. The research from the Fair Tax Foundation indicates that the US tech company claimed more than £800m in capital allowances – business expenses […]
New data showed this morning that UK’s trade deficit in goods and services widens again in Q2 to a record £27.9bn. Moreover, monthly imports from Russia dropped to meagre £33m, the lowest since records began and down from over £1.8bn in both January and February of this year. Also during Q2, imports increased by £14.3bn […]
John Lewis is to retire its 97-year-old price pledge “never knowingly undersold” on 22 August but has yet to reveal a catchy new slogan to take its place. The department store chain told customers in an email it will not accept new claims under the pledge from 23 August, instead promising them – rather long-windedly […]
Pay rises could fall behind inflation by almost 8% later this year, marking the biggest fall in real wages for 100 years, according to analysis by the TUC. The TUC said a prediction by the Bank of England that inflation would jump to 13% in the fourth quarter of this year at a time when […]
The Government has unveiled a consultation, hoping to attract industry views on how to support the development of biomass powered carbon capture projects in the UK over the next decade. The combination of biomass energy – derived from sustainable plant material – and carbon capture is known as BECCS (Bioenergy with Carbon Capture and Storage.) […]
The UK economy contracted by 0.6 in June and shrank 0.1 per cent between April and June, compared to growth of 0.8 per cent in the previous three months, the Office for National Statistics said this morning. Commenting on the gross domestic product (GDP) figures that showed a 0.1 per cent contraction in the second […]
A cryptocurrency billionaire who pleaded guilty to breaking American anti-money laundering rules is to bring a landmark legal challenge to Britain’s data regulator. Lawyers for Ben Delo, a co-founder of BitMEX, said he had been granted permission for a judicial review of the Information Commissioner’s Office. It is thought to be the first time a […]
Arsenal Football Club has been reprimanded by the Advertising Standards Authority (ASA) for a second time for an online post promoting a cryptoasset irresponsibly. The advertising watchdog first raised the issue in 2021, when the Premier League team wrote in a post on Facebook “$AFC in now live $CHZ” and “What song do you want […]
One in four shop workers are skipping meals each month to meet bill payments, according to research from a trade union. This figure has leapt from 1 in 20 last year, as Britain’s lowest paid workers struggle amid the throes of cost of living crunch, according to a survey by Usdaw union. Inflation is anticipated […]
The EU has delayed the introduction of a €7 visa-waiver form to enter its passport-free zone, meaning British travellers are unlikely to face the charge until 2024 at the earliest. The European travel information and authorisation system (Etias), which applies to non-EU citizens from 60 countries that have visa-free travel with the EU, is now […]