Liz Truss must stand up to China against the genocide of the Uyghur muslims October 13, 2021 At Conservative Party Conference, Foreign Secretary Liz Truss called the UK a “lodestar of freedom and democracy” and called for Great Britain to work with allies to promote freedom around the world. “The democratic world order faces a stark choice,” she said. “Either we retreat and retrench in the face of malign actors … or [...]
Government drive to digitise tax is swelling costs for small businesses, warns FSB October 13, 2021 A government push to make filing tax returns digital has significantly increased administrative costs for British businesses. Small firms that have switched to the making tax digital programme are each spending an average of £4,562 and 52 hours a year on tax compliance, research by the Federation of Small Businesses (FSB) found. However, businesses that [...]
City lobby group presses Sunak to scrap bank tax October 13, 2021 The City’s chief lobbying group has called on Chancellor Rishi Sunak to scrap the bank surcharge to reinforce the UK’s leading role as a global finance hub. TheCityUK has demanded Sunak remove the eight per cent levy on banks’ profits at the upcoming budget and spending review on October 27. The lobby group urged the [...]
Bail outs for businesses in strife only gloss over the truth, it’s time to face reality October 13, 2021 The price of both oil and gas has doubled across the world in the last year. The price of crude oil is at $84 a barrel for the first time in three years. As a result, fuel of every kind, for every purpose has become more expensive. The public has reacted in the most extraordinary [...]
Exclusive: Londoners flow back to office, but only in mid-week October 13, 2021 Londoners are flowing back to the office in their droves as the pull of the city centre draws workers back in. According to exclusive data obtained by City A.M.., the number of people going into London offices climbed 31 per cent over the last month. Westminster and Southwark drove the rebound in trips to the [...]
City lobby group presses Sunak to scrap bank tax – CityAM : CityAM October 13, 2021 The City’s chief lobbying group has called on Chancellor Rishi Sunak to scrap the bank surcharge to reinforce the UK’s leading role as a global finance hub. TheCityUK has demanded Sunak remove the eight per cent levy on banks’ profits at the upcoming budget and spending review on October 27. Also Read: Sunak eyes overhaul [...]
Westminster committees: ‘Berlin Wall of digital literacy’ is crippling UK’s poorest October 13, 2021 The government must tear down the “Berlin Wall of digital literacy” between the UK’s richest and poorest households or risk increasing inequality, according to the chairs of two Westminster committees. Education Select Committee chair Robert Halfon and Digital, Culture, Media and Sport Select Committee chair Julian Knight said in a joint statement that the digital [...]
UK must subsidise R&D into green technology, says Tory think tank October 13, 2021 The government must create a new high-risk laboratory to research cutting edge green technology and hand out tax breaks for businesses that replace gas boilers with heat pumps, according to a leading Tory think tank. Onward, which is run by a large number of Conservative MPs and party grandees, today said in a new report [...]
UK fintech boom: Eight in 10 Brits use fintech apps for banking and payments post-pandemic October 13, 2021 While investment into UK fintechs continues apace, so does their consumer adoption, as 86 per cent of Brits now use fintech apps to manage or spend their money. As the pandemic stalled cash usage and moved transactions online, consumer adoption of fintech has accelerated in the UK to the extent that people manage 67 per [...]
EU to probe Nvidia’s $54bn ARM bid after concessions fail to allay concerns October 12, 2021 US tech company Nvidia’s $54bn bid for British chip designer ARM is set for a prolonged EU antitrust investigation. Concessions offered last week failed to address competition concerns, three people familiar with the matter said. This will be the second setback for the California-based tech firm after the UK’s watchdog warned the deal could damage [...]
