Own, loan, or Drover: How the subscription economy is shaking up the car industry December 7, 2018 Felix Leuschner looks far too young to have founded three successful businesses. This German-born entrepreneur was just 23 when he launched what became Europe’s largest marketplace for gaming goods, where players could trade virtual products. After selling that company just nine months later, he moved to London and started a fast-fashion website called Stylistpick, collaborating with [...]
Hubris will doom the imperial reigns of Macron and Trump December 7, 2018 A political outsider who came out of nowhere to ride to victory on a populist movement he built himself, to the shock of the mainstream establishment. An expert campaigner who promised that he alone had the easy fixes to the challenges that his country had been grappling with for years. A President who now faces [...]
The NHS faces another winter crisis, but politicians continue to fail to learn the lessons of public sector failures December 7, 2018 On Thursday, the British Medical Association warned that NHS England is likely to be 10,000 beds short over the coming winter. The next few months are possibly going to be the “the worst on record”, as projections for A&E admissions are looking to increase by 100,000 this year alone. It’s remarkable that the healthcare season [...]
Editor’s Notes: The Bank of England must protect its independence December 7, 2018 Former chair of the US Federal Reserve Janet Yellen once said “the principle that a central bank should be independent from the government is unassailable.” Donald Trump probably thinks unassailable means you can’t sell it, but even if he understood Yellan’s point he seems determined to ignore it. His broadsides against Fed policy are quite [...]
Profits plunge at Thames Water after extreme weather puts the pressure on pipes December 6, 2018 Thames Water’s half-year profits plunged by nearly 50 per cent today, as a combination of extreme weather and regulatory fines threw light on the mounting pressures that loom over one of Britain’s largest utility companies. The under-fire firm posted pre-tax profits of £67.7m in the six months to September, falling from £129m in the same [...]
Clipper Logistics delivers double-digit growth on back of new contracts December 6, 2018 Clipper Logistics struck an upbeat tone this morning after posting double-digit growth in the six months to October, having secured a number of major contracts amid the continued rise in demand for click-and-collect services. The figures In the six months to the end of October group revenue reached £227.9m, climbing 14.1 per cent when compared with [...]
Philip Hammond confirms he will borrow more and look at tax changes in ‘no deal’ December 5, 2018 Philip Hammond has confirmed the government would be forced to borrow billions more and consider tax changes to counter the economic impact of no deal. Appearing before the Treasury Select Committee on Wednesday, the Chancellor said the onus would be on the government to keep blood in the veins of the economy as the Bank of [...]
Big Four firm KPMG comes through bruising year with strong set of results December 5, 2018 Big Four audit firm KPMG has pushed past the fallout from the collapse of outsourcer Carillion to deliver strong revenue and profit growth. The UK arm of the firm boosted revenue eight per cent to £2.338bn and underlying profit 18 per cent to £356m in the year to 30 September. The strong growth comes despite [...]
French Prime Minister to halt fuel tax rise amid violent protests December 4, 2018 France’s embroiled government is set to back down today over a planned fuel tax rise which has prompted widespread protests and violent demonstrations across the country. According to local media Prime Minister Edouard Phillipe is set to pull the plug on proposed diesel tax hikes in an attempt to de-escalate current tensions between President Emmanuel [...]
House of Lords slams HMRC over ‘unfair’ tax avoidance crackdown December 4, 2018 Powers given to HMRC to crack down on tax avoidance risk undermining the rule of law and access to justice, a House of Lords report has concluded. The House of Lords Economic Affairs Committee has called for a review of the UK tax authority’s powers, which have gradually grown over recent years. Lord Forsyth, the [...]