Law Commission Breaks New Ground on Crypto August 1, 2022 The consultation on digital assets by the Law Commission is a seminal work and examines fundamental questions. The consultation, together with the Law Commission’s response, will likely serve as a legal textbook for the foreseeable future. In the last few years, we have only had semi-official guidance and a handful of superficial court decisions to [...]
HMRC suspects big firms are underpaying £1.4bn due to workers’ false ‘self-employed’ classification August 1, 2022 The taxman suspects big firms are underpaying tax to the tune of £1.4bn, by classifying workers as ‘self-employed’ when they’re actually full staff. Leading law firm Pinsent Masons claims HMRC (HM Revenue & Customs) suspects companies are classifying staff as self-employed to avoid making Employers’ National Insurance contributions. HMRC has been clamping down on the [...]
Google chief tells staff to be more productive August 1, 2022 Google chief Sundar Pichai has called out staff for being unproductive as the world of Big Tech continues to feel the sting.
UK launches register of overseas property owners in clampdown on ‘corrupt elites’ August 1, 2022 Individuals that own UK properties via chains of “secretive” shell companies will from today be forced to reveal their true identities, after the UK government launched a new register of UK property owners today. The first-of-its-kind register will require those seeking to buy or own UK property via offshore entities to list the identities of [...]
Bosses at beer giant Kirin fear greater alcohol regulation amid healthcare push August 1, 2022 Japanese beer giant Kirin has continued its push into healthcare, as bosses fear that heightened regulation in the sector looms. The Tokyo-based brewer in March announced it would be pumping £667m into the pharmaceutical pivot over the next three years, in hopes of generating £3.1bn in healthcare sales over the next decade. “I feel that [...]
Australia weighs up gas curbs as Europe scrambles for supplies August 1, 2022 One of the world's largest suppliers of LNG is considering curbs on exports, which could exacerbate the global energy supply crunch.
Greggs’ plans to sell hot food into early hours at Leicester Sq flagship thwarted by council August 1, 2022 Greggs’ plans to sell hot food into the early hours of the morning at its Leicester Square flagship site have been knocked back. Westminster City Council blocked an application for the West End store to sell hot food – such as its chicken goujons – and hot drinks until 5am, citing concerns of the Met [...]
Economic downturn pummels UK factories August 1, 2022 UK factories are succumbing to a concoction of downside risks that have shifted the sector into “reverse gear,” a closely watched survey published today revealed. Activity in the British manufacturing sector last month plunged to a 25-month low of 52.1, down from 52.8 in June and slightly below analysts’ expectations, according to S&P Global’s purchasing [...]
‘A day of relief for the world’ as first grain ship leaves Ukraine port after Russia deal signed August 1, 2022 A ship carrying grain has left the Ukrainian port of Odessa under a new deal with Russia, in what officials have called “a day of relief for the world”. The vessel left Ukraine’s Black Sea port en route to Lebanon, in wake of a deal facilitated by Turkey to allow safe passage for ships. This [...]
Searches for overseas jobs by Brits surge with Dubai most popular destination August 1, 2022 Searches for work abroad have surged among UK workers with Dubai the most sought-after destination. Over the last 12 months, searches for overseas work by British workers soared by 56 per cent, according to data by overseas job website Anywork Anywhere, which analysed Google search data over the past year. Dubai was the most popular [...]
