Exclusive: Study reveals 42 per cent drop in pre-owned private jets for sale as demand increases during pandemic September 27, 2021 There are only around 142 pre-owned private jets for sale in Europe at the moment, which is 42 per cent lower than in December 2019, when there were 243 pre-owned private jets on the market, and 31 per cent lower than December 2020, with 207 pre-owned jets up for sale then. Germany, The Isle of [...]
Labour declares tax war on Amazon as plans to support high street are unveiled September 27, 2021 The Labour Party has set out plans to shift the tax burden to online giants like Amazon as the current system is “stacked” against high street firms, Shadow chancellor Rachel Reeves said this morning. Reeves said she would freeze business rates next year if she was in No 11, while also offering a cut for [...]
‘Severe reprimand’ for Patisserie Valerie audit: Grant Thornton failed and was incompetent, says watchdog September 27, 2021 Red flags were missed while auditing the collapsed cake chain Patisserie Valerie, and auditors failed to question management properly. Overall, it showed a serious lack of competence, according to regulators this morning. The Financial Reporting Council (FRC) made its findings against accounting giant Grant Thornton and auditor David Newstead, handing them fines of £2.3m and [...]
Brexit: Labour abandons free movement as shadow chancellor says ‘we moved on’ September 27, 2021 Shadow chancellor Rachel Reeves said this morning free movement is no longer a Labour party policy. The senior Labour figure told the Today Program: “We moved on, we voted for that deal last year… it was better than no deal. We’re not going to bring back free movement under a Labour Government.” In separate comments, [...]
Stapleton House in Shoreditch snapped up by Workspace for more than £43m September 27, 2021 Workspace Group said this morning has exchanged contracts to acquire Stapleton House, also known as ‘The Old Dairy’, in Shoreditch, for £43.38m. The property, which provides around 57,000 sq f of space adjacent to Workspace’s business centre, The Frames, opened in 2017 following a major refurbishment project. The Old Dairy is currently 80 per cent [...]
This A.M.: Evergrande concerns take a back seat while German election ends in gridlock September 27, 2021 Despite hitting two-month lows last week, markets in Europe eventually managed to finish higher, on the week, reversing a run of three successive weekly losses. Concerns about contagion effects from Evergrande haven’t gone away, but they appear to have taken a back seat to worries about supply chain blockages, surging energy prices and rising inflationary [...]
Boris Johnson mulls calling in army to deliver fuel as pumps run dry after weekend of panic buying September 27, 2021 Prime Minister Boris Johnson is said to be weighing the option to let soldiers drive fuel trucks as pumps ran dry after a weekend of panic buying. Emergency measures were triggered late last night, with Business Secretary Kwasi Kwarteng choosing to suspend competition laws for the fuel industry to allow suppliers to target filling stations [...]
Germany election latest: Merkel’s party beaten, both Scholz and Laschet eye chancellorship September 27, 2021 The Social Democrats led by Olaf Scholz are heading for victory in Germany’s national election, beating outgoing Chancellor Angela Merkel’s centre-right Union bloc in a closely-fought race. Election officials said early this morning that a count of all 299 constituencies showed the Social Democrats, the SPD, won 25.9 per cent of the vote, ahead of [...]
‘Triple-whammy’ of inflation, energy bills and tax rises to eat into household budgets September 26, 2021 Incoming budget pressures over the next six months could squeeze the budgets of many Brits. In fact, a “triple-whammy” may leave low income families more than £1,000 worse off annually, according to a think tank. Inflation, rising energy bills and the looming health and social care tax could leave households worse off even after increases [...]
Police launch probe into multiple sudden, unexplained child deaths in Scotland September 26, 2021 Scotland’s Crown Office and Procurator Fiscal Service (COPFS) – which has a duty to investigate all sudden, unexpected and unexplained deaths – has instructed officers from Police Scotland to investigate four deaths at the flagship Queen Elizabeth University Hospital (QUEH) in Glasgow. The deaths being looked at include that of a 73-year-old woman at the [...]
