Breakthrough week for historic corporate tax deal: 140 nations including Ireland are on board October 9, 2021 The international community is moving towards sweeping changes to how big multinational companies are taxed to prevent them from stashing profits in offshore havens where they pay little or no tax after 140 countries have agreed to sign the deal. Under the agreement, countries would enact a global minimum corporate tax of 15 per cent [...]
Former Tory MP and security minister James Brokenshire dies aged 53 October 8, 2021 Former security minister James Brokenshire died at the age of 53 on Thursday evening after a three-year long battle with lung cancer. The prime minister Boris Johnson and former leader Theresa May both issued their condolences on Twitter. His family said in a statement today: “James was not only a brilliant Government minister as both [...]
UK to start preparations for post-Brexit trade deal with Gulf countries October 7, 2021 The UK has announced it will soon begin preparations to land a post-Brexit trade deal with the six Middle Eastern countries of the Gulf Cooperation Council (GCC). International trade secretary Anne-Marie Trevelyan today launched a 14-week consultation on what businesses would like to see in a trade deal, before formal negotiations start next year. The [...]
Labour says government ‘underplaying’ energy crisis as Kwarteng guarantees winter supply October 7, 2021 Labour is accusing the government of “underplaying” the energy price crisis as Kwasi Kwarteng today vowed the UK has enough supply to last through winter. Shadow business and energy secretary Ed Miliband today said the amount of energy companies going bust “is not a normal course of events”, despite claims from Kwarteng, and that “we [...]
Watch as DWP Secretary Therese Coffey sings ‘The Time of My Life’ as benefit cuts come into force October 7, 2021 It appears the Work and Pensions Secretary sang (I’ve Had) The Time Of My Life during the Conservative Party conference just hours after the Universal Credit cut came into force. Therese Coffey was captured on video performing a rendition of the power ballad with welfare minister Will Quince during a karaoke session in Manchester in [...]
EU to bring forward new proposals to make Northern Ireland Protocol work October 7, 2021 The EU is expected to bring forward new proposals on how to implement the Northern Ireland Protocol, a senior Brussels official has said. European Commission vice president Maros Sefcovic said the proposals would be “very far reaching”, but that he would not consider rewriting the protocol as the UK has requested. Sefcovic said in Dublin [...]
The morning after: Business leaders puzzled by Boris Johnson’s ‘economically illiterate’ speech October 7, 2021 Business leaders have come out against Boris Johnson’s speech at the Tory Party conference, yesterday afternoon in Manchester. Many condemned the Prime Minister’s speech, saying it lacks a coherent economic plan. On the last day of the Conservative Party conference, Johnson said he was setting out the “difficult” process of reshaping the British economy. With [...]
Council tax rise needed just for town halls to keep services running, warn fiscal analysts October 7, 2021 Millions of Brits across the UK face steep rises in council taxes as they need to climb by up to 5 per cent a year for the next three years to keep services running and pay for social care reforms, an influential think tank warned this morning. The Institute for Fiscal Studies (IFS) said that [...]
Party time for Tories as Boris Johnson shows off his iron grip on British politics October 6, 2021 Boris Johnson’s bouyant speech today was a fitting end to a Tory party conference that was marked by an overriding sense of triumphalism. Endless crates of Bollinger were cracked open with the ease and vigour of a teenager necking their first Bacardi Breezer. The Midland Hotel’s bar was packed round the clock with bespectacled and [...]
Indie band Friendly Fires furious at Boris Johnson after PM emerges during Black Cassette track October 6, 2021 Boris Johnson today walked out on stage for his speech at the Conservative party conference while a song by indie band Friendly Fires was played. The band did not appreciate it. The Prime Minister made his way to the stage against the backdrop of their track Blue Cassette ahead of his keynote speech in Manchester. [...]