Road tax ‘fairer and more popular than fuel duty’ May 15, 2022 SMF calls for fuel duty to overhauled, and suggest a levy based on miles driven, which would be 'fairer' and more 'popular'.
Nigel Wray: Youthful enterprise will power British economy May 15, 2022 ONE OF the City’s leading entrepreneurs and investors reckons Britain will ride out economic headwinds thanks to a burst in enterprise amongst the younger generation. Nigel Wray, associated with high profile names like Domino’s Pizza and Simba Sleep and well known in rugby circles for his leadership of Saracens, told City A.M. today that he [...]
Royal Mail set to post this week after job cuts May 15, 2022 The City will be looking out for signs that Royal Mail has made significant cost savings following substantial job cuts when it updates the market this week. Earlier this year, the company announced plans to axe 700 management jobs in a bid to reduce costs by about £40 million a year after experiencing a dip [...]
Crypto crash: Sharp falls will increase calls for regulation, say analysts May 15, 2022 BITCOIN remained some 30 per cent down on the year last night as the crypto crash which saw a host of ‘coins’ drop significantly in value at the back end of the week showed no signs of an immediate halt. The ethereum coin was trading around $2,000 over the weekend, having hit as high as [...]
Top Goldman brass entitled to unlimited holidays while juniors handed two more paid leave days May 15, 2022 Top brass at Goldman Sachs are entitled to as many holidays they want, while junior staff have been given just two additional annual leave days, an internal memo has revealed. Caps on the number of paid leave days partners and managing directors at the Wall Street titan were scrapped at the start of this month [...]
West End: Shaftesbury investor raises concern with £3.5bn merger with rival Capco May 15, 2022 Concerns have been raised over West End landlord Shaftesbury’s planned £3.5bn merger with rival Capital & Counties Properties (Capco), by a key investor. Shareholders could be left worse for wear, Chris Hills, chief investment consultant at Investec, which has a 1.65 per cent stake in Shaftesbury, told The Times. As Shaftesbury trades at just an [...]
Kwarteng pushes for gas to be classified as ‘green investments’ May 15, 2022 Kwasi Kwarteng is looking to classify as natural gas as a 'green investment' in a bid to ramp up North Sea production in line with government aspirations.
Bank of England chief Bailey set for toughest spell since taking reins from Carney May 15, 2022 Bank of England chief Andrew Bailey is this week set for one of his toughest spells since taking over from Canadian Mark Carney two years ago as head of the UK’s monetary authority. Bailey, 63, will tomorrow have to defend the Bank’s performance in taming a cost of living squeeze that risks plunging the UK [...]
Energy watchdog backs carbon storage with licensing round plans May 15, 2022 The UK's fossil fuel watchdog has unveiled plans for licensing rounds to support carbon storage as it aims to reach net zero goals.
Millions of Brits’ tax bills set to soar as fiscal drag bites May 15, 2022 Millions of Brits’ tax bills are set to soar due to chancellor Rishi Sunak freezing the thresholds at which people start paying the taxman, revealed research published yesterday. Around 6.7m people will be hit by higher rates by 2024, the year the next general election is scheduled, according to consultancy Lane Clark and Peacock (LCP). [...]
