Horse racing levy to be imposed on bookmakers, hitting profits from April January 14, 2017 Horse racing organisations rejoiced will bookmakers fumed after the government announced plans to slap a 10 per cent levy of gambling firms. And bookies won't have much time before get used to the new rules as sports minister Tracey Crouch plans to introduce the levy – which is on all profits greater than £500,000 made on [...]
Remember special relationships? The EU’s chief Brexit negotiator wants one with the City of London January 14, 2017 The EU's chief Brexit negotiator has indicated signs of a softening his previously hardline stance of the UK's exit from the union, letting slip a desire to allow member states access to the City. Michel Barnier wants a "special" relationship with London financial powerhouse as part of any Brexit deal, according to unpublished European parliament [...]
Small business “backbone of economy” under threat from ill-thought through plans, conclude MPs January 14, 2017 Government plans for sweeping changes to force the UK’s businesses to “digitise tax” should be delayed due to significant shortcomings, a select committee of MPs has urged. The treasury select committee highlighted plans to require businesses to keep tax records in digital format, submit quarter updates to tax authorities and provide an end of year [...]
Government wants to restore faith in Britain’s businesses by shaking up corporate crime laws January 13, 2017 The government has unveiled plans to get tough on corporate crime in an attempt to hold businesses to account for any unscrupulous behaviour. The Ministry of Justice is concerned the bar is set too high for proving criminal offences such as fraud, money laundering and false accounting, meaning many prosecutions are successful. "Companies must be held [...]
Labour MP Tristram Hunt quits to take up new role as director of Victoria & Albert Museum January 13, 2017 Labour MP Tristram Hunt is to step down and leave the world of politics, as he prepares to take on the role of director of London's Victoria & Albert Museum. The Stoke-On-Trent Central MP has been in talks with the museum for some time, according to PoliticsHome, which first broke the story. An announcement is expected [...]
Why a Singapore-style London would be run by Jeremy Corbyn January 13, 2017 Occasionally, highly educated Londoners half-jokingly, half-wistfully suggest the city should declare independence from the rest of the country. They really mean independence from provincial England, whose values and political priorities they abhor. They aspire to live in a city friendly to business and the successful – an open-minded city, open to the world. Would they [...]
Foundations of the housing white paper are still being laid as Prime Minister Theresa May asks for more meat on the bones January 13, 2017 The long-awaited housing white paper is still weeks from publication as the government looks for ways to beef it up so that it passes muster with the Prime Minister Theresa May. The flagship policy document was originally pencilled in for publication late last year. Several key industry figures had expected the white paper to be published [...]
Ireland targets UK fintech startups mulling Brexit contingency plans January 12, 2017 The Irish government is eyeing up the UK's thriving fintech sector and will make a bid to attract startups to Dublin directly in the wake of the Brexit vote, City A.M. has learned. The country's junior finance minister Eoghan Murphy will head to the Square Mile along with experts in fintech and payments in the [...]
Theresa May is to deliver a much-anticipated speech on Brexit next week January 12, 2017 Prime Minister Theresa May looks set to deliver a landmark speech on Brexit early next week. The speech, which has been anticipated for weeks, is expected to see the Prime Minister add more detail to her plans for quitting the European Union. May will deliver an address on Tuesday. While outlining her vision of a "sharing society" speech [...]
Sadiq Khan wants to draft an industrial strategy for London January 12, 2017 London mayor Sadiq Khan will today pledge to draft an industrial strategy for the capital for consideration in Westminster. Speaking at the London Government Dinner at The Mansion House tonight, Khan will call on London's political and business leaders to work with him on the plans. The strategy will then be submitted to the Business, [...]