‘No penalties for innocent tax errors’: Head of HMRC piles more pressure on Zahawi January 26, 2023 The boss of HM Revenue & Customs (HMRC) has told MPs there are “no penalties for innocent errors”, as he was quizzed on the tax furore surrounding Nadhim Zahawi. HMRC chief executive Jim Harra, appearing before the Public Accounts Committee where he was due to discuss tax compliance and the pandemic, was pressed on some [...]
Ofgem threatens six-figure fine for supplier over late renewable payments January 26, 2023 Embattled challenger supplier Delta Gas and Power could be hit with a £100,000 fine from Ofgem for late renewable payments.
Former Chancellor Philip Hammond appointed chairman of crypto firm January 26, 2023 Philip Hammond, former Chancellor of the Exchequer, has been handed the role of chairman at digital asset platform Copper.
Crypto ‘Wild West’: 85 per cent of crypto firms fail to meet minimum regulatory standards January 26, 2023 Around 85 per cent of crypto firms failed to meet minimum regulatory requirements when applying for registration with the Financial Conduct Authority (FCA), according to the watchdog. In a letter to the Treasury Committee, Sarah Pritchard, FCA executive director of markets, said “around 85 per cent of those cryptoasset firms that applied for registration were [...]
National Grid on brink of reviving coal as cold snap escalates energy crisis January 26, 2023 National Grid has turned to coal amid an enduring cold snap, as it battles to keep Britain's lights on this winter.
A CBDC ‘digital pound’ looks on the cards, despite concerns from Bank of England chief January 26, 2023 The winds of fortune appear to be turning in a favourable direction for the prospect of creating a digital pound, despite the best efforts of the Bank of England’s Governor to nip the idea in the bud. Andrew Bailey (pictured), who has held the position of Governor since 2020, recently put the boot in on [...]
Man charged with assaulting Matt Hancock January 26, 2023 A man has been charged with assaulting former health secretary Matt Hancock on the London Underground. Geza Tarjanyi, 61, from Leyland in Lancashire, will appear in court next month, accused of common assault and two public order offences, British Transport Police (BTP) said on Thursday. A spokesman for the MP for West Suffolk described the [...]
Battle lines are drawn as Bitcoin bulls prepare to fight for $23,000 January 26, 2023 Bitcoin was briefly back up above $23,000 last night - even touching $23,800, while Ethereum moved up to $1,600.
Bank of England expected to raise interest rates by 50 points to post financial crisis high of four per cent January 26, 2023 The Bank of England is set to hike interest rates 50 basis points to four per cent next week, jacking them up to the highest level since the financial crisis, markets expect. City traders reckon its governor Andrew Bailey will lift borrowing costs for the tenth time in a row, something the UK central bank [...]
Zelensky in tell-all English interview says it’s ‘not correct’ to say if ‘good guy’ Boris Johnson should return as PM January 26, 2023 Ukrainian President Volodymyr Zelensky branded Vladimir Putin a “nobody” as he suggested that it was too late for face-to-face talks with the Russian leader to make any difference. Zelensky, who turned 45 on Wednesday, also praised his “special bond” with Boris Johnson but declined to say whether he would like to see him return as [...]
