Rishi Sunak calls on other G20 countries to finalise global tax deal July 9, 2021 Rishi Sunak has called on other G20 countries to “maintain momentum” over a global tax deal on the eve of a Venice summit. Sunak will meet with other G20 finance ministers and central bank governors in a bid to endorse the global tax plan that has been agreed by the G7 and the Organisation for [...]
Facebook ‘lost’ important rule on dangerous individuals for three years July 8, 2021 Facebook “misplaced” guidance on an important exemption to its rules on dangerous individuals and organisations for three years, the company’s oversight board has revealed. The board, which was created to rule on controversial content decisions, said it had overturned Facebook’s original decision to remove an Instagram post encouraging people to talk about the solitary confinement [...]
Not over yet: UK ‘liable to pay EU €47.5bn’ in Brexit divorce bill July 8, 2021 The UK is reportedly liable to pay €47.5bn (£41bn) to the EU as part of a post-Brexit financial settlement. The EU’s consolidated budget report for 2020, seen by RTE News, states that the UK owes the bloc €47.456bn under a series of articles to which both sides agreed as part of the Brexit Withdrawal Agreement. [...]
Former Barclays boss Bob Diamond to take crypto firm Circle public in Spac deal July 8, 2021 Former Barclays boss Bob Diamond is set to take cryptocurrency firm Circle public through a $4.5bn (£3.3bn) blank-cheque listing. The complex Spac deal will see Circle merge with Concord Acquisition Corp, which is backed by Diamond, before the combined entity is acquired by a new Irish holding company that will trade on the New York [...]
Government to bin English votes for English laws July 8, 2021 The government today announced it plans to scrap English votes for English laws, a system that gives English MPs a veto over laws that only affect England. Speaking at Cabinet Office questions on today, Michael Gove said: “The procedure has been suspended since April 2020 and, having reflected, the government believes it has not served [...]
Up to 1,000 Italy fans to be flown to UK for Euro 2020 final July 8, 2021 Italy’s footballers have been granted a boost after Uefa struck a deal to allow up to 1,000 fans to travel to London for the Euro 2020 final at Wembley on Sunday. Uefa, European football’s governing body, has secured approval from the government to allow a maximum of 1,000 supporters to attend the game, subject to [...]
Pfizer and Moderna vaccines: UK adds rare heart inflammation to side effects July 8, 2021 The UK’s drugs regulator has added extremely rare occurrences of heart inflammation to the official list of side effects for the Pfizer and Moderna vaccines. The Medicines and Healthcare products Regulatory Agency (MHRA) stressed that “the benefits of getting vaccinated outweigh the risks” and these “events are extremely rare and tend to be mild when [...]
Exclusive: BAM signs £95m deal to redevelop St Pancras industrial estate July 8, 2021 Construction firm BAM has been brought on by property firm W.RE to redevelop an old industrial estate near St Pancras’ hospital in Camden, City A.M. can reveal. Under the £95m deal, the firm will build offices, retail and two separate residential buildings on the site, as well as a new mini park. The St Pancras [...]
Pizza Express toasts ‘strong’ reopening as it seals £335m refinancing July 8, 2021 Pizza Express today hailed “strong” trading after reopening its restaurants following lockdown as it sealed a £335m refinancing deal. The pizza chain today confirmed it had concluded its long-term financing plan, consisting of five-year bonds, and was now a “fitter” company after emerging from Covid lockdowns. It comes after a challenging year for the restaurant [...]
Asylum seekers crossing English Channel no longer face prosecution July 8, 2021 The Crown Prosecution Service (CPS) today said migrants who cross the English Channel seeking asylum in the UK will no longer be prosecuted. An agreement was struck between police, prosecutors, the National Crime Agency, Border Force and the Home Office over cases involving “illegal entry”. It will also apply to those arriving by lorry. However, [...]
