IFS: Tax hikes will not provide enough funds for NHS September 10, 2021 A leading economic think tank has warned the government’s decision to launch a tax assault will not raise enough funds for the NHS in the long run, in brand new research published today. The Institute for Fiscal Studies said ongoing cost pressures stemming from dealing with the long-term health implications of the Covid crisis will [...]
Estimating figures: The new normal for tax September 10, 2021 ICAS has sent in its response to HMRC’s consultation on Basis Period reform, but what does it all mean for professional partnerships, seasonal businesses and others brought within the changes? And is there a wider application to the corporate sector? Priming the sat nav with the correct address for the final destination is a useful precaution even [...]
The furlough scheme protected our economy but now it has to come to an end September 10, 2021 Around nine million jobs were furloughed at the height of the first lockdown in spring 2020 – almost a third of the entire workforce. While the furlough scheme has not been able to protect every job, unemployment during the pandemic could well have numbered in the millions without it – as happened in countries, like [...]
Dominic Raab: 13 Britons onboard first international civilian flight out of Kabul September 9, 2021 Thirteen British citizens were among those on the first international civilian flight out of Afghanistan since US troops left, the Foreign Office has said. The Qatar Airways flight landed in the Qatari capital Doha on Thursday, with some 113 passengers onboard, according to Reuters. A second flight is due in Doha on Friday. Foreign Secretary [...]
High street bosses call on government to close ‘vindictive’ rent debt loophole September 9, 2021 Retail and hospitality bosses have criticised the government for not banning a loophole used by landlords to chase commercial tenants for unpaid rent. Industry representatives said new measures left a vindictive loophole in protections for commercial tenants. The groups welcomed news that protection from statutory demands leading to winding up petitions will be extended to [...]
Facebook and Ray-Ban launch smart glasses September 9, 2021 Facebook and Ray-Ban have launched smart glasses called Ray-Ban Stories that work with an app. The brands announced there would be three different models, five colours and a variety of lenses, including prescription. The glasses retail for £299 in the UK. A bespoke app called Facebook View will enable users to downlink images and videos [...]
Biden to announce all federal workers must be vaccinated September 9, 2021 US President Joe Biden is set to require all federal employees and government contractors to be vaccinated against coronavirus. Biden will sign an executive order on Thursday that will require federal workers to receive jabs against Covid-19, a source briefed on the matter told news agency Reuters. The Department of Defense, the Department of Veterans [...]
Petrol station firm EG Group mulls ‘potential $15bn sale’ September 9, 2021 Petrol station forecourt giant EG Group is reportedly mulling options for its future, including a potential sale. Bloomberg reported that a deal to sell the company, which is backed by the billionaire Issa brothers and private equity firm TDR Capital, could fetch as much as $15bn. The firm could also go for an initial public [...]
FTSE 100 slides after ECB reins in stimulus September 9, 2021 London’s FTSE 100 slid to its lowest level in almost a month during opening exchanges this morning, before paring back losses in the afternoon session as investors digested news the European Central Bank (ECB) will tighten policy soon. The capital’s premier index sank 0.84 per cent to 7,036.05 points. The ECB announced today it will [...]
Easyjet shares dive as carrier rejects takeover bid ‘from Wizz Air’ and flags £1.2bn rights issue September 9, 2021 Easyjet this morning said that it had rejected an unsolicited takeover bid as it announced a new £1.2bn rights issue. Shares in the FTSE 250 firm were down 10.2 per cent by the time markets closed this evening. The budget carrier said that the bid had took the “form of a low premium and highly [...]
