HMRC launches fresh tax crackdown on ‘side-hustlers’ selling online February 26, 2025 HMRC has launched a fresh crackdown on online sellers with a side-hustle who don’t report their income to the Treasury. The ‘One to Many’ letter campaign will ‘nudge’ individuals suspected of operating in the hidden economy. It will be based on data HMRC has received from online marketplaces. The campaign is intended to prompt sellers [...]
PMQs: Starmer won’t confirm if Chagos deal money included in defence rise February 26, 2025 Keir Starmer has declined to confirm whether money spent on the Chagos Islands deal will be included in the rise in defence spending. The UK is in talks with Mauritius about handing over sovereignty of the British Indian Ocean Territory but leasing back the strategic Diego Garcia military base, which the US uses. The Prime [...]
‘Delicate time’ for US economy as growth fears build February 26, 2025 The world's largest economy has been the standout global performer for the past couple of years, with growth far outstripping other advanced economies.
Pets at Home shares surge on takeover and watchdog rumours February 26, 2025 Pets at Home shares surged more than 14 per cent this morning as evidence grows that the UK’s competition watchdog is moving toward a positive conclusion for the industry, as well as speculation that private equity firm BC Partners was preparing a bid. A series of bidcos were registered on 24 February with pug in [...]
Flight to quality continues as firms rush to newly-green Spitalfields office February 26, 2025 Four firms will relocate to a newly-sustainable office block in Spitalfields in the latest wave of businesses to move from West London to the City of London. Railpen, International Copyright Enterprise (ICE) Services, Manpower UK and Bullhorn will take a combined five floors of the nine floored building, amounting to 42,921 sq ft of newly [...]
Keir Starmer’s defence pledge will prompt ‘tough choices’ on tax February 26, 2025 The Prime Minister confirmed yesterday that defence spending will rise to 2.5 per cent of GDP by 2027, up from 2.3 per cent at the moment.
Is the UK economy on the mend following Budget fallout? February 26, 2025 The economy is only slightly larger than it was at the time that Labour took office, while GDP per head actually fell in the second half of last year.
Pisces: City figures raise concerns over viability of private market February 26, 2025 City figures have raised concerns over the Financial Conduct Authority’s plan for the new ‘Pisces’ market designed to allow share trading for private companies, warning that the scheme could “undermine the credibility of UK markets”. Pisces—the Private Intermittent Securities and Capital Exchange System—was devised by the previous government as part of efforts to revive UK [...]
Aston Martin to cut 170 jobs in cost-cutting drive February 26, 2025 Luxury carmaker Aston Martin is planning to cut 170 jobs in a bid to drive down costs and turnaround a struggling share price. The plans involve axeing five per cent of its global workforce, which it estimates will save around £25m. It came as Aston Martin reported wider full-year losses of £289.1m and a three [...]
International Personal Finance looks to future growth amid profit boom February 26, 2025 Consumer credit provider International Personal Finance’s profit was more than expected in 2024 as it continues to look towards future growth. The firm, which is headquartered in Leeds, earned £85.2m in profit before tax, ahead of analysts’ expected range of £78m-£82m. International Personal Finance’s full-year financial report revealed record profits from its operations in Mexico and Australia and [...]
