Sunak reportedly mulls cutting VAT on household energy bills to ease cost of living October 18, 2021 Rishi Sunak is reportedly considering cutting the 5 per cent rate of VAT on energy bills in a bid to cut living expenses for families this winter. Potential cuts in VAT to energy bills were touted by Vote Leave campaigners as a “Brexit dividend”, as EU rules stop countries from changing the rate, with some [...]
Qatar emerges as front runner in talks for £4bn Selfridges October 18, 2021 The Qatar sovereign wealth fund has been revealed to be a front runner in the £4bn takeover race for the iconic Selfridges. It was reported this summer that the Westons – the billionaire family behind the department store chain – had launched a formal sales process after an approach. Now, The Mail on Sunday has [...]
Weakening Chinese economy weighs on London markets October 18, 2021 A weakening Chinese economy weighed on London markets this morning as investor sentiment soured on concerns the global supply chain crisis will last longer than expected. The capital’s premier FTSE 100 edged down 0.12 per cent to 7,226.20 points during the opening session. China’s economy was dragged down by energy shortages, soaring commodity prices and [...]
Letters: A future of a four day week October 18, 2021 [Re: Employers expected to up the ante if they want to retain the best staff. 13th October] It’s no surprise that a four-day week is the most desirable benefit for British workers, while an office bar is now bottom of the list (and presumably bean bags and ping pong too). It’s not without its challenges [...]
Treasury presses ahead with online sales tax October 18, 2021 The Chancellor is reportedly amping up plans for an ‘Amazon tax’ that would help bricks-and-mortar high street stores. It comes after businesses were left bitterly disappointed by reports that Rishi Sunak has delayed a radical overhaul of the business rates system. Treasury officials have sped up work on a new online sales tax in the [...]
National Express buys time as Stagecoach takeover is delayed October 18, 2021 Stagecoach’s panel on takeovers and mergers has consented to an extension to the date by which National Express is required to announce its firm intention to buy the rival. National Express will have by 5pm on 16 November if it wants to go ahead and buy Stagecoach or give up on the deal altogether. The [...]
Energy crunch chokes China economy October 18, 2021 China’s energy crunch choked economic growth as factories switch off production amid shortages and soaring energy costs. The world’s second largest economy grew 4.9 per cent in the last quarter compared to the same period last year, the slowest rate of expansion since the third quarter of last year. Third quarter growth came in below [...]
Fears among energy providers that colder temperatures will lead to collapse October 18, 2021 The UK energy industry fears that, after small providers have gone bust because of the energy cap, now it’s the turn of big companies especially as temperatures go down. As reported by the Times, even if 13 companies have ceased operations in the last couple of months the UK Government has refused to set up [...]
Supreme enjoys growth after dodging supply chain chaos October 18, 2021 Wholesale supplier Supreme has said it is pleased with a strong performance in the first half of the financial year, driven by vaping and fitness trends. In an update for the six months ended September 30 2021, the group said it was confident in achieving full year expectations. Sales have been driven by its vaping [...]
A leap of faith into the ethics of a DeFi world October 18, 2021 Khalid Howladar is the Chairman of MRHB DeFi, the world’s first ethical and faith-based decentralised finance platform.
