Number of Tesla cars on UK roads triples in past year November 11, 2020 The number of Tesla cars on UK roads has more than trebled in the last year, new data from accountants UHY Hacker Young has shown. As of March, there were 90,900 models of the electric car in this country, up a whopping 336 per cent on the previous year. The rise in ownership comes on [...]
Government advisory body tells Rishi Sunak to hike capital gains tax November 11, 2020 Rishi Sunak should double capital gains tax rates in order to reel in an extra £14bn, according to the government’s tax advisory body. The Office for Tax Simplification today released its findings on a review ordered by Sunak, telling the chancellor he should increase the rate of capital gains tax and slash exemptions to take [...]
Transport for London demands £2.9bn to keep Tube service running in 2021 November 11, 2020 TfL demands £2.9bn to keep the Tube and other public transport services running
The QE Dystopia Driving Corporate Bitcoin Adoption November 11, 2020 Requiem for a Dream is a film about the drug-induced utopias of four Coney Island people, although these utopias are shattered when their addictions begin to run deep. Sometimes, it now feels like Requiem for a Dream “monetary policy” version is now upon us, the drug of quantitative easing (QE) is now wearing off and [...]
£200m Mayfair office redevelopment gets green light November 11, 2020 Developers have been given the go-ahead for a £200m project to transform Mayfair’s Lansdowne House into office and retail space. Westminster City Council granted planning permission to real estate firm Core to redevelop the property in Berkeley Square. Core said the project is a “huge boost” for central London and the city’s office market, despite [...]
Homebase up for sale following major structural overhaul November 11, 2020 DIY chain Homebase is up for sale again following two and a half years of major structural overhaul by its most recent buyers. It is understood the sales process will start in the coming days, with initial details set to be sent to prospective buyers – including other retailers and private equity, The Telegraph reported [...]
Restaurants and pubs granted extension to provide takeaway services until 2022 November 11, 2020 Restaurants, pubs and cafes have been given the green light to provide takeaway services for another year, providing a “lifeline” during the coronavirus pandemic. The government announced today that hospitality firms will be allowed to offer food and drink takeaways until March 2022 without having to go through a planning application process. Rules around takeaway [...]
Tech rally drives US shares higher as FTSE 100 continues to climb November 11, 2020 US shares opened higher today as signs of a possible vaccine for Covid-19 raised investor hopes of a faster-than-expected recovery from the pandemic-induced economic crisis. Wall Street’s main indices opened higher, with technology stocks recovered from heavy losses earlier in the week. The tech-heavy Nasdaq rose 1.27 per cent shortly after the open, while the [...]
Customs chaos looms as ‘haulier’s handbook’ delayed for a month November 11, 2020 Hauliers will have just three weeks to familiarise themselves with the new regulations for transporting goods into the EU from 1 January, it was revealed today. The so-called “Hauliers’ handbook” had been due to be released at the beginning of November but will now be unveiled in full on 7 December. Speaking to the Parliamentary [...]
New foreign investment powers will create ‘considerable uncertainty’ for business November 11, 2020 A new law giving the government the power to block foreign takeovers will create “considerable uncertainty” for businesses, City firms have warned today. The National Security and Investment Bill, which was published today, has been labelled the “most significant” change to the UK’s investment regime in decades. But many are concerned that the new regime, [...]
