Corporations are “fighting the wrong battle” on tax avoidance, according to Eurozone finance chief Jeroen Dijsselbloem September 11, 2016 The head of Eurozone finance ministers has warned multinational corporations to pay their share of tax, less than two weeks after Apple was handed a €13bn bill by EU authorities. The European Competition Commission ruled that the tech giant had been handed a “sweetheart” deal amounting to state aid by the Irish government. And now, head [...]
UK bidder urges government to keep Green Investment Bank in British hands as it faces battle with Australia’s Macquarie September 11, 2016 A UK investment banking group is hoping to convince the government that the Green Investment Bank (GIB) should remain in British hands as the bidding process moves into a two-horse race. Sustainable Development Capital (SDC) is understood to be in competition with Australian bank Macquarie as the government prepares to privatise the £4bn-valued GIB. Read [...]
Britain’s biggest buy-to-let investors have sold nearly half their £250m property portfolio September 11, 2016 A couple crowned Britain's biggest buy-to-let landlords have sold off nearly half of their £250m property portfolio and called time on the era of the "amateur landlord". Fergus and Judith Wilson became notorious for buying up properties to rent when the buy-to-let boom kicked off in the 1990s. Read more: Mapped: House price changes in [...]
A visa fee for European travel could become reality, admits home secretary September 11, 2016 Brits could face being charged for travelling to Europe via a visa scheme being considered by Brussels the newly installed home secretary Amber Rudd has conceded. The EU is considering the introduction of a visa system that would force Brits to pay to travel to Europe, it was yesterday revealed, and Rudd today admitted that it would form [...]
Mining company aims to prove Cornish tin can float (on the London Stock Exchange) September 11, 2016 A Canadian mining company with an interest in Cornish tin is aiming to float on the London Stock Exchange’s junior market. Strongbow Exploration is intending to list in the Alternative Investment Market (Aim) in the first half of next year, while keeping its place on the Toronto Stock Exchange. Read more: This veteran entrepreneur is [...]
HS2 boss blasted by campaigners after surprise Rolls-Royce exit September 11, 2016 Campaigners have slammed the news that HS2 chief executive Simon Kirby has quit the rail project for Rolls-Royce just weeks ahead of a government decision on whether to greenlight the next phase of the project, accusing him of seeking to leave "before the mess he has presided over is realised". Simon Kirby will leave for the engines giant at the end of [...]
The tie-up between Morrisons and Amazon is growing closer September 11, 2016 Morrisons has ramped up its ties with Amazon unveiling plans to add the online retail giant's lockers to its supermarkets across the country. Hundreds of Amazon lockers used for click and collect deliveries will be introduced this year, letting customer pick up items at their convenience rather than having to be at home for a delivery. Read more: Now Amazon's getting into [...]
Labour’s Emily Thornberry just accused Sky News of sexism after struggling to name foreign leaders on live TV September 11, 2016 Labour's shadow foreign minister Emily Thornberry has accused a Sky News presenter of sexism after being unable to name either the French foreign minister, or the South Korean president. Thornberry was being interviewed on Sky News' Murnaghan programme earlier this morning, but objected to “pub-quizzing” from host Dermot Murnaghan, who asked her to name the [...]
Now there’s a “Brexit means Brexit” pressure group (and BoJo is backing it) September 11, 2016 Boris Johnson has thrown his weight behind a new group piling pressure on Theresa May to push for a so-called hard Brexit. In a surprise move, the newly appointed foreign secretary has backed the Change Britain campaign chaired by Leave campaigner and Labour MP Gisela Stuart alongside a string of high profile pro-Leave campaigners. Read more: This MP wants Article 50 triggered [...]
This MP wants Article 50 triggered within “weeks” September 11, 2016 John Whittingdale, the former culture secretary and Leave supporter, has urged Prime Minister Theresa May to trigger Article 50 within weeks. Invoking Article 50 is the official signal for leaving Europe and will trigger a two year period of negotiations with Brussels. Read more: Britons may need visas to travel in Europe after Brexit is formalised “Article 50 [...]