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Politics
The euro falls to its lowest level in two years against the pound, as EU is still reeling from…
The pound rose to its highest level in nearly two years against the euro today, after populist gains in the EU elections. Also, Emmanuel Macron’s surprise announcement to hold a snap election in France.
The share prices of major European…
Keir Starmer’s rejection of Tata Steel puts Port Talbot in a tizzy as Keir Starmer tries to…
The future of Britain’s largest steelmaker is now in doubt after Sir Keir starmer criticized a controversial government rescue deal.
Tata Steel and Rishi Sunak reached an agreement earlier this year, in which £500,000,000 of state…
UK chancellor: Income tax threshold will be squeezed for six years, until 2028.
Jeremy Hunt confirmed that the income tax threshold freeze of six years, which forces millions to pay higher rates, would last until 2028.
Labour is free to copy the comments of the chancellor on Britain's largest tax increase on incomes…
Ithaca names Eni boss prior to buyout of North Sea Assets
As it approaches the finalization of its deal to purchase the UK assets from the Italian oil company Eni, one of the biggest oil and gas companies operating in the North Sea overhauled the management team.
Luciano Vasques will become…
Tax loophole “hands £4bn in private equity”
Data was obtained that revealed private equity executives received tax breaks worth up to £4 billion as a result of the "carried-interest" rules. Labour intends to eliminate these rules if they win the general elections.
The figures show…
Rachel Reeves: Labour will not return the country to austerity
Rachel Reeves has vowed there will be no "return of austerity" in a Labour-led government, and she ruled out any increases to national insurance or income tax. The shadow chancellor and Keir starmer both wanted lower taxes for working…
The ‘Czech Sphinx,’ who loves dying industries, is now eyeing Royal Mail
The 4,200-acre Profen mine, located 45 minutes southwest of Leipzig in east Germany, stretches to the horizon. The Nazis opened the mine in 1941, forcing hundreds of residents to move from six villages. The mine produces around eight…
Jeremy Hunt is betting on creating a ‘British Microsoft” worth $1tn
Jeremy Hunt said that the UK could create a $1tn domestic tech giant to compete with Microsoft or Google. He dismissed foreign bids on London-listed companies, saying they were "part of capitalism".
The chancellor is leading a regulatory…
More councils to file for bankruptcy as debts double
Councils have increased borrowing to offset funding cuts from Westminster. This has led to warnings about further council bankruptcy.
The research shared before the local elections in the country on Thursday showed the pressures that…
The bosses say that the loss of free VAT shopping is narrow-minded.
Retail bosses warned the government about the impact of its decision to not restore VAT free shopping by foreign tourists on other industries.
The manager of the O2, a venue for entertainment in Southeast London, accused the Treasury of…
Nicola Sturgeon’s husband is charged in SNP Finance Probe
The husband of Scotland’s former First Minister Nicola Sturgeon was charged with embezzlement allegations involving funds belonging to the Scottish National Party.
Peter Murrell was arrested Thursday morning. He had been previously…
Tax havens are ‘using all the tricks in the book’ to avoid transparency
According to a recent report, tax havens make "glacially" slow progress on transparency measures to combat economic crime.
Gibraltar, the only jurisdiction with a fully functional and public beneficial owner register in the UK, was…
The group led by Sir Terry Leahy collapses, owing £9m in tax payers
The government has accused a group of companies of "breach" of the scheme rules after they received £9million in taxpayer funding through Rishi Sunak’s Future Fund.
Administrators have announced that several businesses owned by Nova…
British homes are smaller, older and more expensive than those overseas
A report says that Britain's housing is "expensive and cramped" with an ageing population. It offers the lowest value for money among advanced economies.
According to a study by Resolution Foundation, people in England live in smaller…
Avanti Train drivers to receive £100k in overtime pay
As part of its efforts to improve service, the intercity train operator Avanti struck an overtime agreement with drivers. This could bring their average annual salary to nearly £100,000.
The operator of the services on west coast…
US Congress releases $1.2tn in spending to avoid shutdown
On Thursday, Congressional leaders announced a $1.2tn budget package to fund a large part of the federal Government. There are less than two weeks left to avoid a partial government shutdown.
Leaders from both parties celebrated their…
Spac fight could lead to a $3.5bn windfall in Donald Trump’s favor
Donald Trump's legal dispute with his former business partner will soon come to an end. A vote is set to decide whether the former US President can reap a $3.5bn windfall if he takes the company that runs his Truth Social network to the…
Vladimir Putin wins Russian elections with a slam dunk
Vladimir Putin has won the Russian presidential election with a landslide, securing his reign for six more years despite his invasion of Ukraine.
According to the Russian electoral committee, the early results indicated that the Russian…