Inheritance tax take beats all records as property price hikes boost HMRC’s coffers by whopping £6.4bn March 21, 2023 The amount of inheritance tax (IHT) paid in February totalled £531m, bringing the total for the 2022/23 tax year to a record £6.4bn. With just one month to go the amount already surpassed the £6.1bn received by the Treasury throughout the entire 2021-22 financial year. The record-breaking inheritance tax take follows last week’s revision by [...]
Gender diversity; an opportunity for AIM-listed firms March 20, 2023 | Sponsored To celebrate International Women’s Day on Wednesday March 8th 2023, Addidat Limited and Indigo: Independent Governance have collaborated to provide some insights into women on boards and Gender Pay Gap reporting across AIM-listed companies. Women on Boards According to Addidat’s proprietary dataset, the mean average for women on boards across all AIM companies is 14%, [...]
Where are you on in your GHG emission reduction strategy? And perhaps more importantly, where are your peers and competitors in comparison? March 20, 2023 | Sponsored Our data shows that the maturity of carbon reporting and reduction activity and plans vary significantly across AIM listed companies. From some firms not even mentioning the word “carbon” in their annual report to others who have a science based accredited Net Zero target and are reporting reductions annually against their base year. Although SECR [...]
London house price growth slows, but you’ll still need over £1m to live in Camden, Kensington or Westminster March 20, 2023 The price of the average London home stood at £680,806, according to online estate agent Rightmove, which found that house prices in the capital rose 2.5 per cent compared to three per cent in Britain as a whole in the last 12 months. When looked at borough-by-borough, property prices fared differently. So while Camden residents [...]
Amazon to sack 9,000 more workers as mass tech job cuts continue March 20, 2023 Amazon is slashing another 9,000 employee job roles worldwide as the tech giant steams ahead with further cost-cutting measures. The firm made staff aware of the job cuts in a note by chief Andy Jassy, who said workers in the Amazon Web Services, human resources, advertising and Twitch units would be most impacted by the [...]
‘No limits friendship’: Why is China premier Xi in Moscow – and can he help end Russia’s war in Ukraine? March 20, 2023 Chinese leader Xi Jinping has arrived in Moscow on a three-day visit that shows off Beijing’s new diplomatic swagger and offers a welcome political lift for Russian President Vladimir Putin as the fighting in Ukraine slows to a grinding war of attrition. China and Russia have described Mr Xi’s trip as part of efforts to [...]
Match of the Day: Audience peaked at 2.8m after BBC Lineker row while ITV’s Six Nation coverage tops 5m March 20, 2023 Two million viewers tuned in to watch Match Of The Day (MOTD) Live after Gary Lineker’s return to the BBC. The corporation said the coverage of the FA Cup quarter-final on Saturday, which was hosted by the 62-year-old presenter, saw an average of 2.1 million viewers based on overnight figures. An audience peak of 2.8 [...]
Exclusive: Renters face being pushed out of London as landlords struggle to cope with ‘huge’ mortgage hikes, adviser warns March 20, 2023 Landlords in London and the south east are facing a 125 per cent increase in monthly mortgage payments, or £574 on average, according to research exclusively shared with City A.M. The Bank of England’s decision to raise interest rates 11 times over the last 15 months has seen mortgage costs spiral for mortgage borrowers. Earlier [...]
Credit Suisse: ECB tries to settle market after UBS deal wipes out $17bn of AT1 bonds March 20, 2023 The European Central Bank said its banking sector was “resilient” today as it moved to settle volatile bond markets today following the controversial move to wipe out Credit Suisse AT1 bondholders last night. As part of UBS’s rescue swoop for its beleaguered Swiss rival, regulators wrote off some £13.92bn ($17bn) of Credit Suisse additional tier [...]
Bitcoin breaches $28k with little resistance March 20, 2023 Bitcoin is up 27% over the last week and is currently trading around $28,220, while Ethereum at $1,795 is up more than 12%.