Panama Papers: HMRC gears up for Mossack Fonseca data leak fallout April 4, 2016 Global tax authorities are gearing up to deal with the fallout from a leak of more than 11m files from Panama-headquartered law firm Mossack Fonseca – as legal experts warn that any entity with business dealings in the Central American country could potentially find itself receiving a knock on the door from HM Revenue & Customs (HMRC). [...]
EU referendum: Airbus warns that Leave vote could lead to a fall in investment in UK April 4, 2016 Airbus has written to its UK employees to warn about the risks of leaving the EU, stating that Brexit could result in a cut to its investment in the UK. In a letter to its staff, Airbus said that it makes "good economic sense" to remain in the 28-member bloc, adding "we simply don't know what [...]
Glastonbury 2016: Labour leader Jeremy Corbyn to appear on main stage at music festival April 4, 2016 Music lovers trekking down to Glastonbury festival this year will get a surprise treat in the form of a speech by Jeremy Corbyn. The Labour leader could address more than 13,000 fans on the main stage on the final day of the festival, according to the Press Association. Of course, it's unlikely he'll have to pay [...]
EU referendum: HMRC is going to reveal EU migrant numbers before the vote April 4, 2016 The number of EU migrants working in the UK is to be announced before the referendum takes place, which is likely to show the level of immigration has been underestimated by current statistics. HMRC is to reveal data on how many national insurance numbers are in use by people from the European Economic Area. A [...]
Nigel Farage says he’s frustrated by Ukip policy-making as he doesn’t have power to make change himself April 2, 2016 Nigel Farage is frustrated that the UK Independence Party has not changed the way it makes policy. The leader of Ukip said that he wants to cut joining fees from £30 to £10, as well as let members vote online in order to determine policy. However, he doesn't have the power to make the changes alone, he [...]
EU referendum: Will leaving the European Union lead to more sovereignty for the UK? April 2, 2016 Prime Minister David Cameron lambasts claims by the pro-Leave campaign that leaving the EU will bring sovereignty back to the UK. He says that if Britain leaves the EU, you will end up with the "illusion of sovereignty, but not the power, you don’t have control and you can’t get things done". That stands in [...]
Business secretary Sajid Javid more likely to become next cabinet minister to resign amid steel crisis – but pro-Brexit Michael Gove is favourite April 1, 2016 With the steel crisis ongoing, there doesn't seem to be too much love for Sajid Javid at the moment, prompting one bookmaker to dramatically shorten the odds on him being the next cabinet minister to resign. While Michael Gove is favourite to resign at 5/2, due to his pro-Brexit stance, Javid – who would have been [...]
This is how Europe would vote in the US Presidential Elections 2016 April 1, 2016 If, hypothetically of course, Europeans got to decide who next entered the White House, Hillary Clinton would win by a landslide. A new poll found that Clinton is the clear favourite, taking 46 per cent of support, while it is her rival Sanders who would be Europe's second choice, with 14 per cent of the [...]
EU referendum: Voting intention is split but belief that the UK will remain falls April 1, 2016 With the EU referendum looming nearer and nearer both sides are evenly split, but people's perception of the outcome have started to change. Remain and Leave both have 35 per cent of support, with 30 per cent undecided, according to a TNS poll. However, in previous polls a larger proportion of people, while not necessarily voting [...]
The national living wage is a ticking time bomb of hidden costs for British businesses April 1, 2016 The national living wage is expected to hit British businesses with hundreds of millions in hidden costs this year, in addition to the £804m already estimated – hindering investment and creating a time bomb that will blast through bottom lines by 2020. Figures from the government’s regulatory watchdog show employers may find themselves dealing with the [...]