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Politics
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…
Mark Carney, the new Labour Secretary of State for Finance and Economic Affairs, will help to unlock…
Labour hired former Bank of England Governor Mark Carney, and Barclays boss to unlock billions of pounds of private investment. was forced to abandon a pledge to spend £28bn on green projects.
Rachel Reeves has appointed Britain's top…
BAE Systems sales soar as global tensions increase
BAE Systems is expected to make a profit of £3 billion this year, as the wars in Ukraine and the Middle East are boosting the company's coffers.
The company, which builds the UK's nuclear submarine fleet, squadrons of fighter planes, and…
What does the UK economy mean in terms of recession?
Last week, official figures revealed that the UK had entered a "technical recession" in the second half last year. The drop in Gross Domestic Product (GDP) was 0.3 percent in the fourth quarter after a 0.1 percent fall in the third.…
Jeremy Hunt’s review aims to eliminate tourist tax
Jeremy Hunt ordered a review of the so-called tourist tax, the clearest indication yet that the Treasury could be on the verge of a major policy reversal which would give Britain's retailing and leisure industries a much needed boost.…
Tata Steel won deal of the century by bluffing Port Talbot’s closure
Tata Steel is accused by MPs of using a bluff to get the government to give it a £500m bailout. This was a "deal for the century", made on taxpayers' money.
Union leaders told a parliamentary hearing about Tata's plans for closing its…
Stormont agreement: Sinn Fein declares that a united Ireland is ‘within touching range’
Sinn Fein said that a united Ireland was "within touching range" as it prepared to take on the role of Northern Ireland First Minister for the first.
Mary Lou McDonald stated on Tuesday that a agreement reached between the Democratic…
Little room for big tax cuts, Hunt tells Tories
Jeremy Hunt warned the cabinet of the possibility that the tax cuts included in the spring budget could be less than expected due to "major structural weakness" in the economy.
On March 6, the chancellor or prime minister will consider…
NatWest prepares public share sale for this summer
Jeremy Hunt has begun preparing for a public sale of NatWest shares worth billions of pounds, which could happen as early as June. This would be reminiscent of Margaret Thatcher's privatisation policy "Tell Sid", ahead of a General…
Ministers are concerned that Vodafone’s shareholder could pose a national security threat
In response to increased scrutiny over foreign investment in British infrastructure, the government has imposed restrictions on Vodafone's relationship with its largest shareholder e&. This is the United Arab Emirates based telecoms…