Brits benefit from £27bn in tax relief incentives but warned trend is slowing September 7, 2022 Brits benefited form tax incentives to the tune of £27bn last year, but a warning has been aired about the trend slowing. Numerous schemes are available to savers and investors, with the biggest gains being income tax relief on pension contributions, at a staggering £22.5bn, while relief on ISAs reached £3.7bn. However, the figures from [...]
Almost half of Brits stop saving and paying into pension due to short-term money problems September 7, 2022 Almost half of Brits have stopped saving, investing and paying into pensions because of short-term financial pressures. With soaring inflation, rising interest rates and an impending increase in energy bills, 46 per cent of those polled by NerdWallet say they’ve cut back on long-term money planning. Among those who are cutting back, 43 per cent [...]
Amid ‘hostile takeover’ bid M&C Saatchi reports 52 per cent profit increase before tax September 7, 2022 Advertising giant M&C Saatchi reported a near 10 per cent increase in revenue and 52 per cent rise in profit before tax from last year, despite the ongoing drama of its hostile takeover. The London-listed creative company increased its headline operating profit margin by 14 per cent. M&C Saatchi had almost £40m in net cash, [...]
Forgot about Dre: New health sec Thérèse Coffey’s alarm goes off on LBC September 7, 2022 Health secretary Thérèse Coffey treated early morning LBC listeners to Dr. Dre as her 8am phone alarm went off on air. The newly-minted secretary of state, who is also deputy prime minister, was speaking on the radio about ambulance waiting times and how to fix the NHS when her bag started making a noise. Host [...]
New transport sec Anne-Marie Trevelyan needs to be ‘plucky 13th’ since turn of century, AA says September 7, 2022 The AA hope the 13th transport secretary since the turn of the century will be “plucky” in transforming the roads. Anne-Marie Trevelyan, formerly the Secretary of State for International Trade, was appointed to the role last night by Prime Minister Liz Truss. Succeeding Grant Shapps, the AA published a list of 10 priorities on their [...]
Liz Truss says UK can ‘ride out the storm’ in first speech outside Number 10 September 6, 2022 Liz Truss has vowed that Britain can “ride out the storm” it is facing during her first speech outside Number 10 Downing Street. The former foreign secretary was greeted by warm applause as she arrived at Number 10 for the first time as Prime Minister, and said she would outline her energy support package later [...]
UK reduced card fraud losses by £49m, the highest in Europe for third year running September 6, 2022 The UK reduced card fraud losses by £49m last year, meaning for the third year in a row it was had the highest in Europe. Only Britain, Hungry Sweden and Denmark improved their card fraud losses in the last 12 months, while Portugal and the Netherlands with the biggest offenders, exceeding 15 per cent losses. [...]
Boris Johnson’s farewell speech at Number 10 gives unity call: ‘It’s time for politics to be over’ September 6, 2022 Outgoing prime minister Boris Johnson’s farewell speech offered a unity call to his successor Liz Truss’s government, saying it’s “time for politics to be over” and for the party to stop infighting. In a brief early-morning address to a packed crowd outside the famous black door of Number 10, Boris Johnson said the torch had [...]
STV: Scottish broadcaster has revenue and profit boost as it beats streaming challenge September 6, 2022 Scottish broadcaster STV experienced a boost in revenue and profit in the first half of 2022, driven by a focus on streaming and local advertising. The most popular peak-time channel for four years running, at 22.2 per cent, had a three per cent increase in revenue up until June 2022, up from £60.3m, while its [...]
Liz Truss is new PM: Johnson loyalists Patel, Dories and Tory co-chair quit September 5, 2022 Three senior Conservative and Boris Johnson loyalists quit their roles ahead of Liz Truss being sworn in as prime minister. Priti Patel, the Home Secretary, Nadine Dorries, the Secretary of State for Digital, Culture, Media and Sport, and Ben Elliott, the Johnson-appointed co-chair of the Party, announced they quit their roles. Patel took to Twitter [...]
