Bitcoin investors warned they could unknowingly owe tax ahead of self-assessment deadline January 30, 2018 Bitcoin investors who made huge gains when the cryptocurrency’s value rocketed last year have been warned that they could unknowingly owe tax to HM Revenue and Customs (HMRC). However, there is some confusion around the issue, as Ed Molyneux, the boss and co-founder of cloud accounting software provider FreeAgent, explains: “HMRC sees bitcoin profits being [...]
Brexit is “lose-lose situation” says German MEP trying to keep the UK in the EU January 30, 2018 Brexit is a “lose-lose situation” which will damage the EU and the UK, according to a German MEP and former top German business lobbyist who is trying to stop Britain leaving. Hans-Olaf Henkel, a member of the pro-business Liberal Conservative Reformers (LKR) party in Germany, told City A.M. the EU should “make another offer” to [...]
Bitcoin price dips as South Korea cryptocurrency ban on anonymous accounts comes into force January 30, 2018 New regulation of bitcoin and other cryptocurrencies has come into force in South Korea, one of the biggest markets for trading. The country’s financial authority has banned the use of anonymous accounts for trading the highly speculative currencies. People’s exchange wallets, which are used to hold cryptocurrencies online, will have to match the name on [...]
Former Manchester United players in the “Class of ’92” get green light for new sports business university January 30, 2018 The “Class of 92” group of former Manchester United players have been given the green light to build a new university in the Greater Manchester area. Trafford Council’s executive committee has approved proposals for The University Academy ’92 (UA92) in Stretford which will offer sport, media and business courses for up to 6,500 students. The [...]
Brexiteer Iain Duncan Smith says UK government forecast should be taken “with a pinch of salt” January 30, 2018 Leave campaigner Iain Duncan Smith has hit out at a leaked analysis of how Brexit will impact the economy, saying it should be taken with a “pinch of salt”. A government report on the impact of Brexit has claimed the UK will be worse off under various different scenarios after March 2019. Read more: Overheard [...]
DEBATE: After Donald Trump’s warm words, should the UK put a trade deal with the US top of the priority list? January 30, 2018 After Trump’s warm words, should the UK put a trade deal with the US top of the priority list? David Campbell Bannerman MEP, board member of Leave Means Leave, says YES. The US is still the largest economy in the world. President Trump’s $1.5 trillion tax cut will also be like adding rocket fuel to [...]
House of Fraser boss Yuan Yafei says UK businesses need a “signal” on Brexit January 30, 2018 House of Fraser boss Yuan Yafei, who also chairs Sanpower Group, has said business needs a “signal” on the kind of Brexit the UK is pursuing. Yafei, who took control of House of Fraser four years ago, told the BBC that leaving the EU would “not be too bad” for the economy, but that the [...]
Neither a vaper nor a vegan be: Truss blasts Labour economic plans and rallies behind free enterprise January 30, 2018 Treasury secretary Liz Truss will this morning attack Labour’s economic policies, lambasting shadow chancellor John McDonnell’s vision of “a control economy”. She heralded free enterprise for driving down prices and creating jobs while “breaking down monopolies, hierarchies and outdated practices” in a speech at think tank the Policy Exchange. Britons no longer need to be [...]
Improving Chinese visas must be a priority for post-Brexit Britain January 30, 2018 EU immigration may dominate headlines in the aftermath of the Brexit vote, but Willie Walsh, the boss of British Airways owner IAG, hit the nail on the head yesterday when he wrote to home secretary Amber Rudd to ask her to chivvy along changes to Chinese visas. It was way back in 2015 that then-Prime [...]
Tech stocks are booming in emerging markets, but don’t be passive aggressive January 30, 2018 Emerging market stocks have been on a rampage. The MSCI Emerging Markets index has climbed an impressive 49 per cent since the end of 2016, marking the end of a two-year bad spell. But this growth doesn’t necessarily stem from the rise of the middle classes as many would expect, nor does it come from [...]