Budget 2021: Sunak eyes tax on online deliveries and freelance workers February 28, 2021 Rishi Sunak is reportedly preparing to announce new taxes on online deliveries and freelance workers in Wednesday’s Budget to help pay off the UK’s Covid spending. The tax would likely target online firms like Amazon and Asos who have seen profits soar over the past year, after people spent much of 2020 in lockdown. It [...]
Budget 2021: Rishi Sunak hints at tax rises next week February 28, 2021 Rishi Sunak has hinted that he will raise taxes in the Budget on Wednesday, saying that he wanted to “level” with people about the fiscal challenges to come. He also suggested that he would extend Covid support schemes in his Budget, as expected, saying “we went big, we went early and there’s more to come”. [...]
Lloyd’s of London plans to reopen underwriting room from 17 May February 27, 2021 Lloyd’s of London is reportedly planning to reopen its underwriting room from 17 May for a few hundred people. The City stalwart is one of the first firms to lay out its initial plans for getting workers back into the Square Mile after the coronavirus pandemic. The Telegraph reported that Lloyd’s will allow 30 per [...]
Warren Buffett’s Berkshire Hathaway sees profit rise on stock market charge February 27, 2021 Warren Buffett’s Berkshire Hathaway said that a surge in prices of stocks like Apple had taken the investment firm to a profit of $36bn. The Nebraska-headquartered firm said that quarterly income rose 14 per cent to $5bn, while net income jumped 23 per cent to $35.8bn. The firm has been the beneficiary of a stock [...]
Budget 2021: Sunak pledges £22bn for new infrastructure bank February 27, 2021 Rishi Sunak will use Wednesday’s Budget to announce billions of pounds of funding for the UK’s new infrastructure bank, which is due to launch in the spring. Announced as part of November’s spending review, the bank is part of Sunak’s pledge to provide “once in a generation” investment into the UK’s infrastructure. The Treasury said [...]
Budget 2021: Chancellor set to unveil mortgage guarantee scheme February 27, 2021 The Chancellor will use Wednesday’s Budget to unveil a new mortgage scheme aimed at getting tens of thousands of people onto the property ladder. Under the new programme, first time or current homeowners looking to buy a house of up to £600,000 will need a deposit of just five per cent to secure a mortgage. [...]
Anas Sarwar elected new leader of Scottish Labour party February 27, 2021 Anas Sarwar has this morning been announced as the new leader of the Scottish Labour party after defeating Monica Lennon in a snap election. The vote was triggered when former leader Richard Leonard stepped down in January, saying it was in the best interests of the party. Sarwar’s election comes just three months before elections [...]
Hospitality redundancies: How many restaurant and pub jobs have been lost during the pandemic? February 27, 2021 How many restaurant and pub jobs have been lost during the pandemic?
SoftBank reaches settlement with former WeWork chief Neumann February 27, 2021 SoftBank last night reached a settlement with WeWork’s special committee and the company’s co-founder and former chief executive, Adam Neumann, putting to rest a legal battle dating back to 2019. SoftBank, the new owner of the office-sharing firm, did not disclose terms of the settlement. Media reports earlier this week indicated the deal includes a nearly [...]
Sunak to crack down on Covid support fraudsters with new taskforce February 27, 2021 A new fraud taskforce to crack down on people who have exploited the government’s Covid-19 support schemes will be unveiled at next week’s Budget. The Treasury has announced that it will put £100m into a new Taxpayer Protection Taskforce to investigate those who fraudulently made use schemes such as furlough and the Self Employment Income Support [...]