City backs mini-budget measures: ‘Scrapping bonus cap shows we are open for business’ September 23, 2022 The City of London has welcomed measures in today’s mini-budget, backing the scrapping of bankers’ bonuses and freezing of cooperation tax hikes. Policy Chairman at the City of London Corporation Chris Hayward responded to Kwasi Kwarteng’s fiscal statement today, which included a raft of changes from planning and benefits to stamp duty and national insurance. [...]
Breezy does it: Government eases planning rules to boost onshore wind September 23, 2022 Energy bosses have welcomed the Government's decision to relax planning rules around onshore wind developments.
Recruiters cash in on digital revenue thanks to ‘red-hot labour market’ September 23, 2022 Despite squeezed advertising budgets, new data has revealed online publishers are continuing to post positive growth. According to the latest Digital Publishers’ Revenue Index (DPRI) from the Association of Online Publishers (AOP) and Deloitte, total digital revenue for second quarter hit £154.8m, up by 12 per cent on 2021 levels. During this period 2022, recruiters [...]
Half of tax cuts in Kwarteng’s mini-budget will go to richest five per cent, Resolution Foundation claims September 23, 2022 Half of the Chancellor’s planned tax cuts will go to the richest five per cent of the country, a leading think-tank has said. In sharp criticism of today’s raft of new policies in the mini-budget, the Resolution Foundation hit out at Kwasi Kwarteng for having “blown the budget”. This comes after Kwarteng announced a tax [...]
Exclusive: Green groups raise red flags over fracking September 23, 2022 Environmental think tanks have criticised the Government's decision to lift the moratorium on fracking to boost supply security.
Burberry’s chief operating and financial officer to quit after six years in the job September 23, 2022 A leading figure at luxury British fashion giant Burberry has announced she is stepping down next year. Julie Brown will quit the senior roles of chief operating and financial officer next year, as she heralded for overseeing the firm’s “transformation” and drive for sustainability. Brown’s last day will be on 1 April 2023 at the [...]
Kwarteng ditches corporation tax hike in bid to lure investment September 23, 2022 Kwasi Kwarteng has scrapped the formerly announced six percentage point hike in corporation tax - keeping the rate at 19 per cent.
Kwarteng tightens rules around universal credit to ‘get Britain working again’ September 23, 2022 Kwasi Kwarteng has tightened rules around universal credit in a bid to “get Britain working again”. As it stands, universal credit claimants working up to 12 hours a week at the National Living Wage are at risk of cuts if they don’t take steps to increase their earnings nor meet regularly with a work coach. However, [...]
EP: 161 Newmarket, Haydock & Hong Kong September 23, 2022 A truly exciting day’s racing takes place at Newmarket on Saturday where the Cambridgeshire Handicap is one of the feature races of the afternoon alongside the Middle Park Stakes for colts & the Cheveley Park Stakes for fillies. The Group 2 Royal Lodge Stakes gets the action underway at 1.50. Sean Woods will be looking [...]
Pound crashes to fresh 37-year low against US dollar after Kwarteng tax bonfire September 23, 2022 The pound plunged to a new historic low against the US dollar in response to new chancellor Kwasi Kwarteng launching the biggest round of tax cuts since 1972 at today’s mini-budget. Sterling crashed over one per cent against the greenback to $1.1108, its lowest level in 37 years. The pound has been on a downward [...]
