Rishi Sunak has shown his true colours by hiding stealth tax rises in the detail March 24, 2022 Don’t be fooled, Rishi Sunak is a fiscal conservative first, and a low-tax conservative second. This was a tax-cutting spring statement, but as the Office Budget Responsibility (OBR) pointed out, on balance Sunak has been a tax-hiking Chancellor. In fact, the net cut to personal taxes introduced at the Spring Statement offsets “just over a [...]
Toshiba shareholders rebuff plans for break up March 24, 2022 Toshiba shareholders have rejected plans to split the Japanese Conglomerate in two as bosses’ lengthy battle with investors deepens.
BP to inject £1bn into EV infrastructure amid calls to ease ‘charging anxiety’ March 24, 2022 BP has reportedly tabled plans to triple the number of charging ports for electric vehicles (EV), amid calls for greater investment into EV infrastructure. The energy giant is aims to operations around 24,000 charging points in Britain by 2030, under a fresh £1bn investment plan due to be unveiled this week, the Financial Times first [...]
Russian foreign minister’s stepdaughter who lives in £4m Kensington flat is sanctioned by UK March 24, 2022 Russia’s foreign minister’s stepdaughter, who lives in a £4m flat in Kensington, has been added to Britain’s sanctions list. The Instagram influencer and socialite Polina Kovaleva is the latest target of Britain’s campaign against Kremlin-linked individuals, as Russia’s war in Ukraine enters its second month. Kovaleva, 26, who was privately educated, has documented her lavish [...]
Bank of England assesses city exposure to crypto as market booms to $1.7tn March 24, 2022 The Bank of England is scrutinising the city’s exposure to crypto assets as it writes to firms today asking them to voluntarily disclose their strategy and plans in the sector.
Three quarters of separating couples are waiting for ‘no fault’ divorce law shakeup March 24, 2022 Government plans to bring in new “no fault” divorce laws next month could lead to a surge in the number of couples filing divorce proceedings. The release of pent-up demand, following the introduction of “no fault” divorce laws on 6 April, is expected to see a boom in demand. More than three quarters (78 per [...]
Cost of living squeeze already biting UK economy as experts warn worst is still to come March 24, 2022 The damage the cost of living squeeze is inflicting on UK households is already starting to weigh on the economy as top forecasters warn the worst effects of spiralling living standards are yet to come. A fresh flurry of data released today revealed consumers are slashing spending to alleviate pressure on their finances caused by [...]
Rail regulator launches prosecution into TfL and TOL over 2016 Croydon crash March 24, 2022 The Office of Rail and Road (ORR) announced today it was prosecuting Transport for London (TfL) and Tram Operations Limited (TOL) over their involvement in the 2016 Croydon tram derailment. The railway regulator said its prosecution will allege both TfL and Tram Operations Limited (TOL) breached health and safety law, as they failed to ensure [...]
David Beckham becomes global ambassador for DigitalBits blockchain March 24, 2022 Football legend David Beckham has been unveiled as a global brand ambassador for the DigitalBits blockchain.
Shell announces plans to invest £25bn in UK energy March 24, 2022 Shell will invest up to £25bn in the country's energy system over the next decade, according to UK country chair David Bunch.
