Supertax on private jets could raise £1.4bn a year December 30, 2022 A supertax on private jets should be introduced to fund public transport improvements, according to a pressure group. Campaign for Better Transport (CBT) wants private jet passengers to pay £780 in air passenger duty (APD) for every flight from the UK. That could raise around £1.4 billion each year, CBT said. Currently, private jet passengers [...]
Revealed: Blair wanted to regulate papers for ‘accuracy’ of reporting, former top aide says December 30, 2022 A key official in the team of former prime minister Tony Blair wanted to regulate newspapers for the “accuracy” of their reporting, according to newly-released official papers. Files released by the National Archives show Mr Blair’s principal private secretary Jeremy Heywood (a future cabinet secretary) became exasperated by what he regarded as the inaccurate reporting [...]
In memoriam: The Queen, Pele, Shane Warne, business leaders and celebs who died in 2022 December 30, 2022 The death of Her Majesty the Queen punctuated a year dominated by economic turmoil, the Russian invasion of Ukraine and political upheaval. As 2022 winds down, it’s time to reflect on those who passed on, from the world of politics, sport, entertainment and, business. Queen Elizabeth’s death aged 96 after more than 70 years on [...]
Dame Vivienne Westwood dies aged 82 December 29, 2022 Dame Vivienne Westwood died peacefully surrounded by her family in Clapham, South London, today, her representatives said in a statement. The 81-year-old’s husband and creative partner Andreas Kronthaler said: “I will continue with Vivienne in my heart. “We have been working until the end and she has given me plenty of things to get on [...]
One in five mergers canned as volatility spooks dealmakers December 29, 2022 Nearly 20 per cent of all mergers and acquisitions were canned this year as dealmakers took fright at the extreme turbulence shaking global markets, new data has revealed. One in five deals were abandoned in 2022 while some 26 per cent were put on ice as private equity firms and corporate dealmakers opted to sit [...]
‘Works for me’: Musk dismisses Twitter troubles after thousands report issues December 29, 2022 Elon Musk looked to dismiss reports of Twitter malfunctioning today after thousands of users across the UK, US and Japan were hit by outages. Up to 15,000 users were hit by issues on the Twitter app, with some 2,500 UK-based users facing problems, Reuters reported. London-based internet monitor NetBlocks said Twitter was experiencing “international outages [...]
Sacked: Football clubs change chiefs at four times the rate of top UK firms December 29, 2022 Football clubs have proved they are a more ruthless group than Britain’s biggest firms this year as top clubs sacked their bosses at four times the rate of FTSE-100 firms.
Goldman Sachs poised to slash headcount next month December 29, 2022 The chief of Goldman Sachs has warned staff he will slash the bank’s headcount by around eight per cent next month in a bid to bolster profits in the face of recession next year.
Lawyers for Covid contract firm Randox pile pressure on MPs over ‘misleading’ report December 29, 2022 Lawyers for a firm paid hundreds of millions of pounds for Covid-19 testing contracts have stepped up pressure on an influential Commons committee over a “misleading” report. The Public Accounts Committee has received a series of legal letters from Randox Laboratories’ lawyers Schillings, over the content of its report. Although some of the correspondence has [...]
EXCL – Majestic Wine’s CEO John Colley on why 2022 will go down as the year of fizz December 29, 2022 Two years ago Majestic Wine went private, under the ownership of Fortress Investment. As a private entity, the company has enjoyed two years of transformation and the results have not gone unnoticed in the City: record growth and record sales. The Watford-based wine giant also opened a number of new branches and undertook a turn-around plan whilst [...]