Bitcoin exchanges unable to claim tax returns on cryptocurrencies November 28, 2021 Bitcoin exchanges will not be exempt from the UK’s digital services tax, according to HMRC, and are also not qualified as money. Cryptocurrency exchanges have been informed that they are exposed to the charge, as the digital asset “are not financial instruments” which leaves exchanges unable to claim tax returns on them, The Telegraph first [...]
Nuclear pact: World leaders and diplomats restless as to the outcome of tomorrow’s talks November 28, 2021 Global powers are set to return to Vienna tomorrow to reignite nuclear talks in a bid to recover the 2015 nuclear pact. Diplomats and leaders alike are restless as to what the outcome might be. The European Union, China, Russia and Iran are expected to discuss the deal in length. Since the US under the [...]
Staycation bidding war: Blackstone-owned Bourne Leisure to sell off Butlin’s November 28, 2021 British domestic holiday giant Butlin’s is reportedly set to be sold off next year, which could rally a bidding war amid the country’s staycation boom. Blackstone-owned Bourne Leisure, Butlin’s parent company, has already chosen bankers to undertake the auction sometime in 2022, Sky News’ Mark Kleinman reported. The value of the holiday chain is not [...]
New Covid-19 variant: Pandemic ‘far from over’, says Health Secretary November 26, 2021 The pandemic is “far from over”, health secretary Sajid Javid has said today, in response to the new variant Nu that has raised global concerns. The new B.1.1.529 Covid-19 strain has now been found in Belgium, Israel and Hong Kong. “One of the lessons of this pandemic has been that we must move quickly [...]
Marshmallow-backed gaming platform PickGuru snags fresh seed funding November 26, 2021 Social gaming platform PickGuru has secured £2.6m in seed funding, after rallying the support of unicorn founders. The fresh bout of funding is set to be pumped into launching and scaling the new platform for 2022. Investors include the founders of recent unicorn Marshmallow, Oliver and Alexander Kent-Braham. Founded earlier this year, PickGuru will allow [...]
BT unveils new Aldgate-based global headquarters November 26, 2021 BT has opened its new global headquarters in Aldgate, after shifting its base from St Paul’s. The One Braham site already has nearly all 3,500 colleagues working from the capital-based HQ. The move formed part of the telecoms giant’s plans to upgrade its branches, which is set to be completed in 2024. “We’re really excited [...]
City Moves: Who’s switching jobs in the Square Mile today? November 26, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. CO—RE London commercial development firm CO-RE has posted a new chief executive to the helm, succeeding founding director David Ainsworth. Stepping into the new role after joining the company in 2018, Bradley Baker is set to oversee [...]
UK Covid-19 travel restrictions rein in post-Brexit migration levels November 25, 2021 Migration “fell considerably” last year following Brexit, according to the latest figures, as emergency pandemic measures tightened borders and grounded flights. Around 94,000 more European Union (EU) nationals left the UK than arrived last year, the Office for National Statistics (ONS) found. While thousands left the UK behind for the bloc, centre for international migration [...]
UK to work with France to ‘break link’ between migrants and people-smugglers November 25, 2021 The UK is set to work with France to ‘break the business model’ of people-smuggling and bring gangs to justice, Home Secretary Priti Patel has said this afternoon. It follows 27 people dying at sea yesterday, while making the treacherous crossing between France and the UK. The number includes seven women, one of whom was [...]
French politician suggests people-smuggling bosses live in London November 25, 2021 At least 27 people died yesterday after a dinghy capsized while trying to cross the Channel to the UK, according to reports, while two people were rescued. A pregnant woman was among those who died in the tragic incident, according to rescuers. Around five people-smugglers have since been arrested. “In France what do we do? [...]