Tesla tax? We need a road pricing scheme for a modern congestion-free future November 18, 2022 Given the plethora of misery that accompanied yesterday’s Autumn Statement, it might have been possible to overlook a significant measures namely that electric vehicles will no longer be exempt from Vehicle Excise Duty from April 2025. This is a glimmer of good news. It reveals something deeply encouraging as half of new vehicles will be [...]
We will all feel the squeeze, but squeeze too hard and tax receipts will dry up November 18, 2022 Doom and gloom was the name of the game in the run-up to the Autumn Statement. Yet the measures delivered by the chancellor ended up being more positive for hospitality businesses than many had feared. It was a pragmatic response to a turbulent economic market. Crucially, it delivered stability. The one important part missing, however, [...]
Letters: Tech giants need to be flexible November 18, 2022 [Re: Elon Musk fends off daily losses with jobs and ticks, Nov 6] The latest series of lay-offs from Big Tech companies and Twitter show that the tech bubble is bursting. Many more businesses may follow suit. The pandemic called for companies to hire tech talent in swathes as they raced to adapt. That digital [...]
Posties to walk out over Christmas season in new Royal Mail strike dates November 17, 2022 Posties are set to strike on six days next month, including on Christmas Eve, in a fresh wave of industrial action. Workers at the Royal Mail will take action on six days between 9 and 24 December, in addition to the four days of strikes already called. The Communication Workers Union announced the new dates [...]
Autumn Statement: This ‘pragmatism’ looks like a recipe for flat growth November 17, 2022 After the Autumn Statement, what does the Tory party stand for? Taxes on aspiration. Taxes on entrepreneurs and small investors. And stealth raids on businesses.
Embracer slashes earnings forecast amid ‘darker’ economic landscape November 17, 2022 Swedish video gaming group Embracer cut its earnings forecast and admitted it was looking at spinning off some divisions. Shares plunged some 19 per cent after the holding firm said it was reviewing its business and mulling a spin off of a number of its companies. The largest European gaming group acknowledged that the macroeconomic [...]
Scottish Power boss hammers huge levy on electricity generators November 17, 2022 One of the leading figures in the energy industry has slammed the Government’s decision to impose a 45 per cent tax on electricity generators. Keith Anderson, chief executive of Scottish Power, warned the new Electricity Generator Levy will create a “five-year long corridor of uncertainty for investors” which risks undermining the UK’s green ambitions. He [...]
3 red flags for a workplace with a bad culture November 17, 2022 We hear a lot about culture at work these days. It’s a slightly hard-to-grasp term that can mean a number of things, from how well a company’s people are treated to its policies around diversity and inclusion, but essentially, culture is the company’s core values, traditions, attitudes, behaviours, and beliefs which are shared and upheld [...]
Market reaction to autumn statement a far cry from Truss and Kwarteng’s mini-budget November 17, 2022 Financial markets largely glossed over chancellor Jeremy Hunt’s £55bn worth of tax hikes and spending cuts today, a marked change from them spitting out his predecessor Kwasi Kwarteng’s mini-budget. London’s FTSE 100 closed broadly flat, edging 0.06 per cent lower, while the domestically-focused mid-cap FTSE 250 index bumped 0.05 per cent high. Most of the [...]
Hunt targets highest earners in tax grab as chancellor raises £55bn November 17, 2022 The UK’s highest earners have been targeted as a part of Jeremy Hunt’s tax grab, with the top 45p threshold of Income Tax slashed. The top tax bracket has been reduced from £150,000 to £125,140, while he has also frozen the Income Tax thresholds for the two lower brackets in a stealth hike. Hunt announced [...]
