Tory MPs split over timing of reported plans to slash inheritance tax September 24, 2023 Conservative MPs are split over the timing of reported plans to slash inheritance tax rates, with some warning the move risks fuelling perceptions of intergenerational unfairness. Rishi Sunak is reportedly preparing to announce a cut to inheritance tax, before abolishing it entirely, according to the Sunday Times. It comes as Sunak is said to be [...]
Crisis-hit CBI strikes emergency funding deal with banks September 24, 2023 The CBI has managed to secure emergency funding after the race to raise cash forced the scandal-hit lobby group to cancel its annual general meeting last week.
Bill Gates-backed nuclear power firm fears losing out on UK projects September 24, 2023 Bill Gates-backed nuclear power player Terrapower is concerned it may miss out on government approval for UK projects.
Copper prices slide as waning demand in China causes stocks to rise September 24, 2023 Copper prices have dipped despite hopes of rebounding demand in China, as its economy recovers from the pandemic.
Government would be ‘crazy’ not to reconsider HS2 costs, minister says September 24, 2023 The government would be “crazy” not to reconsider the costs of the HS2 rail project, Grant Shapps has told the BBC. Shapps said Rishi Sunak was prepared to take “difficult long-term decisions” amid reports the Prime Minister is set to axe the northern leg of HS2. The defence secretary told the BBC’s Sunday with Laura [...]
Asos: All eyes on pandemic poster child’s turnaround results September 24, 2023 Investors will turn their focus to online retailer Asos’s trading update on Tuesday to see if the digital fashion store has shown signs of a rebound, following its ongoing turnaround plan and bid to pick up the pieces after a post-pandemic lull. Asos was once the poster child of pandemic success, at its height buying [...]
Wall Street suffers more pain at end of worst week in six months September 23, 2023 Wall Street wheezed to more losses on Friday as it limped to the end of its worst week in six months. The S&P 500 slipped 9.94 points, or 0.2%, to 4,320.06 after a late-day swoon erased a modest gain it had held for most of the day. It capped an ugly slide caused by Wall [...]
Miliband hits out at Sunak over net zero policy shift September 23, 2023 Rishi Sunak “does not give a damn” about climate change, Ed Miliband claimed following the Prime Minister’s decision to postpone a series of green policies. The shadow net zero secretary said Mr Sunak saw the drive to cut emissions as an obligation forced on him rather than an economic opportunity. Addressing the online conference of [...]
Arrested woman re-bailed until next year after Wimbledon school crash September 23, 2023 A woman arrested after a Land Rover crashed into a prep school in south-west London, killing two eight-year-old girls, has been re-bailed until January. Nuria Sajjad and Selena Lau died after a car crashed through a fence and collided with a building at The Study Prep school in Camp Road, Wimbledon, on the morning of [...]
There is a risk humans could lose control of AI machines, says deputy PM September 23, 2023 The UK’s summit on artificial intelligence will look at protecting “humanity’s future” by countering the risk of “losing control of the machines”, the Deputy Prime Minister has told world leaders. In a speech setting out the opportunities and dangers of AI, Oliver Dowden told the United Nations’ General Assembly that the daily rate of progress [...]
