Government weighs up proposals to expand windfall taxes November 1, 2022 Windfall taxes on energy firms could be raised and extended as much as three years. as Downing Street scrambles to raise funds.
Welcome the rise of retail investors: with more market knowledge, they’re well poised for growth November 1, 2022 As bond prices tumbled in September, retail investors in the UK spotted an opportunity. They made the most of the sharp drop in prices and bought up four times as many bonds as the year before, increasing their exposure to the asset class and diversifying their portfolios. Though it might surprise people who associate do-it-yourself [...]
Hunt and Sunak face £89bn fiscal hole without tax rises or spending cuts November 1, 2022 Without spending cuts or tax rises, prime minister Rishi Sunak and chancellor Jeremy Hunt will burn a £89bn hole in the public finances in a few years time, a new report out today reveals. A combination of former prime minister Liz Truss’s tax cuts in the shambolic 23 September mini-budget still lingering and a flatlining [...]
How London could become a 15-minute city, without leaving its centre behind November 1, 2022 It was 2020, and Anne Hidalgo, the mayor of Paris, was launching her re-election campaign. Paris was “capable of inventing a new history without forgetting its past”, she said back then, while introducing the concept of the “15-minute city”. Fast forward two years, and Hidalgo is still the mayor of an increasingly green, accessible Paris. [...]
Letters: Prevention is better than cure November 1, 2022 [Re: Sunak confronted by patient over nurses’ pay, Oct 28] On his visit to a South London hospital on Friday, Rishi Sunak was confronted by a patient over nurses’ pay. The government “is trying”, he said; but as the patient rightly said, they need to be trying harder to deliver a stronger NHS. With health [...]
Miniclip CEO: ‘We’ve always followed where the players go, and the players are going to mobile’ November 1, 2022 Miniclip, the platform behind 8 Ball Pool, has shuttered its website as gamers once knew it, as the company follows consumers off desktops and into pockets. Speaking to City A.M., CEO Saad Choudri explained that the rise of mobile gaming left it a no-brainer for the company to step away from browser-based entertainment despite its [...]
EY revenues hit record highs as partners prepare to vote on global split November 1, 2022 EY’s UK business today posted record revenues of more than £3.2bn as partners at the Big Four firm prepare to vote on plans for a global split. The UK business’ revenues increased 17.2 per cent as the accountancy firm’s fee incomes were bolstered by a 33 per cent uptick in consulting revenues. A 15 per [...]
Londoners’ anxiety skyrockets 57 per cent due to rising bills, going out less November 1, 2022 Almost sixty per cent of Londoners are increasingly anxious about rising energy bills, with millions eating less healthily and staying in more to save cash. The human impact of the cost of living crisis continues to deepen, with new figures exposing a deep generational dive between young professionals and over-65s. The data, published by Personal [...]
Low battery: Britishvolt on life support in blow to UK’s tech ambitions October 31, 2022 Feted battery firm Britishvolt is on life support e after running its cash pile dry, amid growing concerns for the UK's green ambitions.
Call-in powers would be a grave threat to the regulator’s vital independence October 31, 2022 Politicians should be wary of the damage they could do to our regulators’ reputation for independence if they move forward with call-in powers Independence is a funny old thing. At a national level, it can be won and lost in the blink of an eye. At more prosaic levels, building up independence – and a [...]
