Labour MP Geraint Davies suspended over ‘incredibly serious allegations of unacceptable behaviour’ June 1, 2023 Labour has suspended MP Geraint Davies pending an investigation into reports of “incredibly serious allegations of completely unacceptable behaviour”. The decision to administratively suspend the Swansea West MP means he will have the whip removed in Westminster while a review is carried out. It follows claims against the veteran politician, which were reported by the [...]
Zahawi, Patel and Rees-Mogg lead calls to abolish ‘morally wrong’ inheritance tax June 1, 2023 Senior Tory MPs including former chancellor Nadhim Zahawi are calling for inheritance tax to be abolished. Prime Minister Rishi Sunak and Chancellor Jeremy Hunt face a call from more than 50 of his MPs to scrap the tax, according to The Telegraph. Writing in the newspaper, Mr Zahawi suggested scrapping the tax and said it [...]
Amazon taxes: Retailer moves into top-15 of UK taxpayers June 1, 2023 Online giant Amazon has revealed it paid £781 million in direct taxes last year, a jump of more than £130 million from the prior year, as it continued its rapid expansion across the nation. The global marketplace and technology firm said it invested more and generated higher revenues over 2022. With a workforce of 75,000 [...]
Markets welcome US debt ceiling deal passing first hurdle in Congress June 1, 2023 Investors gave a muted welcome to the U.S. House of Representatives passing a bill that would suspend the government’s borrowing limit and avert default, with market focus now turning to the Senate and the interest rate outlook. Asian markets were trading higher when the bill cleared the house and held their gains. Investors nudged S&P 500 futures from slightly [...]
AI ‘godfather’ feels ‘lost’ over life’s work after experts warn it could lead to extinction of humanity May 31, 2023 One of the “godfathers” of artificial intelligence (AI) has said he feels “lost” as experts warned the technology could lead to the extinction of humanity. Professor Yoshua Bengio told the BBC that all companies building AI products should be registered and people working on the technology should have ethical training. It comes after dozens of [...]
Amazon workers planning walkout at US HQ after return-to-office mandate, layoffs and environmental concerns May 31, 2023 Amazon workers upset about recent lay-offs, a return-to-office mandate and the company’s environmental impact are planning a walkout at the company’s Seattle headquarters. The lunchtime protest comes a week after Amazon’s annual shareholder meeting and a month after a policy took effect requiring workers to return to the office three days per week. “We respect [...]
Starmer says Britain’s Brexit future is OUTSIDE of the EU under Labour May 31, 2023 Britain’s future is outside the EU, Labour leader Sir Keir Starmer has said, as he promised to make Brexit work. Writing in the Daily Express newspaper, Sir Keir – who campaigned for Remain in the 2016 referendum – also said he would not be seeking a return to freedom of movement. The comments are Sir [...]
People who get ‘poor’ bank rates should ‘shop around’, DWP sec Mel Stride says May 31, 2023 People who feel they are getting “very poor” interest on their savings should “shop around” and find a bank that will pay “a better rate”, the Work and Pensions Secretary has said. Mel Stride said some of the “stickiness” comes because there is “often inertia” and that it is “relatively easy to change and switch [...]
CBI denies ‘toxic’ culture but no sign of government freeze thawing May 31, 2023 CBI's new boss says "misogynistic" accusations are inaccurate but acknowledges group has work to do to persuade its members
Paddington bare: Rail strikes clear London hub as passengers frustrated before derby day chaos May 31, 2023 Rail passengers are suffering fresh travel disruption because of more strikes in long-running disputes over pay, jobs and conditions. Members of the drivers’ union Aslef walked out on Wednesday, meaning several operators such as Avanti West Coast, CrossCountry, Northern and Thameslink are running no trains. The union’s general secretary Mick Whelan said no negotiations aimed [...]
