Exclusive: HMRC claw back record £4bn in lost taxes September 21, 2021 HMRC’s investigations and compliance work saved £4bn in taxes from being lost in the last quarter, nearly double the £2.2bn for the same period last year, according to new data shared with City A.M. today. The increase in the amount of taxes saved will be due in part to the winding down of the furlough [...]
Law that creates work-from-home right for UK employees to be confirmed on Thursday – CityAM : CityAM September 21, 2021 Employees will reportedly be able to put in a request to work from home from their first day in a job under new plans due to be announced later this week. Laws which will protect flexible working first put forward before the pandemic will be confirmed on Thursday, according to a report in The Times. [...]
National Express exploring takeover of rival Stagecoach – CityAM : CityAM September 21, 2021 National Express has confirmed reports that it is looking into a possible takeover of its fellow transport heavyweight Stagecoach. The British bus operator has started discussions around buying out its Scottish rival, the UK’s largest bus operator. Also Read: All new London buses to be zero-emission Mayor says Stagecoach shares rose by almost 90 per [...]
Britain needs to sober up from our addiction to gas September 21, 2021 This will be a winter where energy prices seldom stay out of the news. With the combination of cracks appearing in our creaking electricity system, record global gas prices, and the largest overnight benefits cut in history risk colliding in a way that piles yet more pressure on families already struggling. In the short term, [...]
Cardano promises ‘industry-defining announcements’ at its biggest ever summit September 20, 2021 Cardano says it will make some 'industry defining' announcements at its summit this weekend.
Crypto market stagnates despite growing institutional interest September 20, 2021 It was an uneventful week for Bitcoin and the larger crypto market, with the leading cryptocurrency fluctuating between the $43,000 and $48,000 mark.
Labour’s plans to crackdown on private equity are only the beginning of the political dog fight – CityAM : CityAM September 20, 2021 Political interest in private equity has ramped up over the last year. After a string of high-profile political interventions on recent PE deals, from defence to retail, the Labour Party has made it their mission to scrap the carried interest tax rules that PE fund managers benefit from. Returns would no longer be booked as [...]
Hacker steals £8.6m Bitcoin from pNetwork – CityAM : CityAM September 20, 2021 A hacker has stolen 277 Bitcoin, worth over £8.6m, from the cross chain protocol pNetwork by exploiting a bug in its code. pNetwork allows value to be transferred between blockchains by exchanging user coins, which are stored as collateral, for a wrapped token which can be used on a new chain. The attack targeted the [...]
Polygon and Nukkleus to support Bollant Industries with blockchain solution in India September 20, 2021 Nukkleus Inc is to collaborate with Polygon and Grassroots Economics to support India's Bollant Industries.
Jennifer Arcuri to give evidence to London Assembly tomorrow : CityAM September 20, 2021 Boris Johnson’s alleged former lover Jennifer Arcuri will tomorrow give evidence to the London Assembly over her dealings with the ex-mayor of London. Arcuri, an American tech entrepreneur, will face the assembly’s oversight committee over her presence on three foreign trade missions while Johnson was mayor. Also Read: Boris Johnson will not face criminal investigation [...]