Taxman opens investigation into claims Uber owes £1bn in unpaid VAT May 19, 2019 HMRC has opened an investigation into Uber over allegations it owes around £1bn in unpaid VAT. Uber claims it is exempt from paying VAT because its drivers are self-employed and their earnings fall below the £85,000 threshold. However, HMRC is now looking into whether Uber is a transportation company and should therefore be liable to pay [...]
Commuters urged to plan travel as new rail timetable comes into force May 19, 2019 The rail industry has today pushed through its new summer timetable, a year after changes caused havoc across the country. An extra 1,000 services have been added per week to the timetable, with extra stops and longer trains. The train firms that were caught up in last year's chaos – in which thousands of services were [...]
Exxon decision to evacuate staff from Iraq ‘unacceptable and unjustified’ says oil minister May 19, 2019 Iraq’s oil minister has hit out at US oil giant Exxon, demanding it immediately returns workers which it evacuated from the country amid growing regional tensions. Thamer Ghadhban today said that Exxon’s decision was “unacceptable and unjustified” after it was revealed that all its foreign staff at the West Qurna 1 oilfield would be moved [...]
Jeremy Corbyn hints at softened stance on freedom of movement May 19, 2019 Jeremy Corbyn has hinted that Labour could be prepared to accept freedom of movement if it were leading the Brexit negotiations with Europe. Freedom of movement is one of the four governing principles of the EU, along with the free movement of goods, services and capital. The party had previously ruled out freedom of movement, [...]
Theresa May promises MPs a ‘new and improved’ Brexit deal ahead of vote in June May 19, 2019 Theresa May has promised to put a "new and improved" deal before MPs when they are asked to vote on the Withdrawal Bill in the first week of June. The Prime Minister, who will soon agree her departure date from Downing Street, promised that the Withdrawal Agreement Bill (WAB), which will enshrine the Withdrawal Agreement into law, [...]
Australia prime minister claims shock win in country’s election as Labor’s Bill Shorten accepts defeat May 18, 2019 There looks set to be a shock result in the Australian general election as leader of the opposition Labor party, Bill Shorten, who was widely expected to win, has accepted defeat. The current ruling coalition is set to return to power, led by prime minister Scott Morrison, despite polls predicting he would lose. Read more: [...]
Payment intermediary to hold onto Thomas Cook’s cash in latest blow to airline May 18, 2019 A payment intermediary from the Nordic region is in talks to extend the time it holds on to consumers' money owed to the Thomas Cook Group. The firm is seeking to retain millions of pounds of holidaymakers’ money, which is usually kept for two days, for several weeks, according to Sky News. Read more: Thomas [...]
Withdrawal Agreement Bill should include a public vote, says shadow Brexit secretary May 18, 2019 The shadow Brexit secretary has called on the government to add a public vote to the Brexit legislation that MPs are set to vote on in June. Sir Keir Starmer believes that the inclusion of a second referendum in a withdrawal agreement bill would "break the impasse" between the Conservatives and Labour, after discussions ended [...]
‘People are starting to worry’ about a Labour government under Jeremy Corbyn, says RBS chairman May 18, 2019 The prospect of Jeremy Corbyn leading a Labour government is a concern to UK banks, according to Royal Bank of Scotland (RBS) chairman, Howard Davies. "People are starting to worry," Davies said in an interview with Bloomberg, about what could happen under a Corbyn regime should a general election be called. Read more: Metro Bank shareholder LGIM [...]
Boris Johnson clear favourite to replace Theresa May as Tory leader May 18, 2019 Boris Johnson is by far and away the Tory members' preferred choice to replace Theresa May as the leader of the Conservative Party, according to a YouGov poll carried out for The Times this week. The former foreign secretary is the first choice to lead the party for 39 per cent of its members, with his [...]