Price of Aussie wine could fall victim to Treasury reforms – yes, even after the trade deal June 24, 2022 AT THE end of last year, to much fanfare, the UK and Australia signed the free trade deal – the first negotiated from scratch following Brexit. The UK is the number one destination for Australian wine exports in value and volume, exporting 246 million litres of wine worth AU$449m in the 12 months to March [...]
Cocktail of problems plunge UK consumer confidence to record low June 24, 2022 A relentless cost of living crunch, the prospect of a recession and stagnant wage growth has driven British pessimism to new highs, reveals a closely watched survey published today. UK consumer confidence dropped to minus 41 points this month, down marginally from minus 40 in May, the lowest reading recorded by research firm GfK since [...]
Vacant homes in London increase by the thousands, fuelling squeezed supply June 24, 2022 Westminster has seen the number of vacant but owned homes jump by 48 per cent over the past year – the equivalent of nearly 2,500 homes – as property demand in London outpaces supply. London is the only region of England which has seen the number of vacant homes rise over the past year, according [...]
Letters: Home ownership isn’t everything June 24, 2022 [Re: Government admits most Brits will not benefit from Boris Johnson’s ‘benefits to bricks’ housing plans, June 22] In essence, the idea is positive but, in practice, it’s not currently feasible. Take for example the government’s plan to allow people on housing benefits to use welfare payments towards a mortgage. Welfare payments stop when a [...]
Brits paid billions more in taxes over the last year as HMRC ramped up tax collection June 23, 2022 The British population paid more in taxes in 2021-2022 as HM Revenue and Customs collected £718.2bn in taxes, a near 23 per cent rise from the year before. Total HMRC tax receipts for April 2022-May 2022 were £121.9bn, according to HMRC data released today. These were £14.8bn higher compared to the same period last year even as the [...]
UAE fund turns on top City lawyer in bid to exit Iranian-American airline tycoon’s hacked emails case June 23, 2022 Embattled City lawyer Neil Gerrard suffered another blow this week, after his former client, an Emirati sovereign fund, turned on the ex-Dechert partner, after offering to pay $1m to settle a case brought against it by a powerful Iranian-American business tycoon. The fund’s efforts to distance itself from Dechert’s former head of white-collar crime comes [...]
Editorial: Is anybody willing to take responsibility for Strike Island? June 23, 2022 Welcome to Strike Island, then. British Airways’ ground handlers – or at least, a chunk of them – are now joining an ever-growing list of unionised workers who have picked walkouts over work amid a heightening cost of everything crisis. Whether it’s wise for union leaders to take their staff out on strike at the [...]
Govt’s union bill could break law, legal experts say June 23, 2022 Lawyers have said the government’s plans to overturn laws that prevent agency staff from filling in for striking workers could face legal challenges under both UK and international law. The comments come after the government set out plans to repeal the “burdensome legal restrictions” that block staffing agencies from sending in temporary workers during strikes. [...]
Khan lashes Shapps for refusing to meet over TfL funding as latest deal runs out June 23, 2022 Sadiq Khan has hit out at transport secretary Grant Shapps for refusing to meet with him over Transport for London (TfL) funding, despite the body’s latest deal running out tomorrow. The mayor of London told a group of journalists today that Shapps had not answered formal requests for a meeting that was made two weeks [...]
Positive results for PCR titan Randox as profits soar thanks to public contracts June 23, 2022 Covid testing giant Randox revealed it made pre-tax profits of £275m last year as the firm cashes in on PCRs.
