More than £21bn a year: UK ranks third in Europe for most money lost due to unpaid corporate tax June 22, 2022 The UK ranks third among European countries for the most money lost due to corporate tax abuse on a yearly basis. The European nation that loses the most money to corporate tax abuse is Germany where, on an annual basis, an estimated £27.3 billion goes unpaid. This is followed by France where tax abuse losses [...]
Google searches for ‘remote jobs’ explode by more than 260 per cent as UK crippled by train strikes June 22, 2022 There has been an explosion in searches for ‘remote jobs’ in wake of recent train strikes by more than 260 per cent. New analysis of Google search engine figures show the term has been searched at the highest level in UK internet history. This is despite politicians such as Brexiteer Jacob Rees-Mogg and host of [...]
Inflation jumps to 9.1 per cent: Worried City insiders respond to consumer prices climbing again June 22, 2022 The rate of inflation rose again in May, remaining at 40-year highs, the Office for National Statistics said this morning. The rate of Consumer Prices Index inflation rose slightly to 9.1 per cent in May from 9 per cent in April, according to the ONS. The increase matches what analysts had expected. “Though still at [...]
Cost to rent a home jumps largest-ever amount in past year, says statistics body June 22, 2022 The cost to rent a home has increased by the largest-ever amount over the past 12-months, according to the latest figures from the national statistics body. Average rental prices paid by tenants in the UK has jumped by 2.8 per cent in the year to May, the Office for National Statistics revealed this morning, marking [...]
Starmer under pressure to punish strike-supporting Labour MPs June 22, 2022 Labour opposition leader Sir Keir Starmer faces a test of authority from his own frontbench after many shadow team members backed the strikes.
Parliamentary body hammers Ofgem for £2.7bn clean-up bill to fix crisis-hit energy sector June 22, 2022 British households face an eye-watering £2.7bn clean-up bill following market carnage across the energy sector warned regulator Ofgem.
Dorries set to meet with telecom giants to talk about cost of living strategy June 21, 2022 Culture Secretary Nadine Dorries has called on Britain’s biggest telcos firms to discuss the cost of living crisis. According to reports by Mark Kleinman for Sky News, BT Group and Vodafone have been invited to discussions with Dorries. A Whitehall source told the publication that the minister would be challenging the companies on how they [...]
More strikes incoming: Union to ballot over Royal Mail postman pay row June 21, 2022 The union representing staff at Royal Mail have said they will hold a ballot that could lead to even more strike action over pay, adding to the rail and tube mayhem seen this week.
Boris Johnson spokesperson says ‘no plans’ to change cap on executive pay June 21, 2022 Boris Johnson’s official spokesperson has said there are “no plans” to change a cap on executive pay. On Tuesday morning, the PM’s spokesperson added: “I think the issue being investigated is how non-executive directors are paid, rather than what the CEOs or directors are paid.” Ministers were mulling changes relating to “people being able to [...]
Property market is hot but cooling amid cocktail of low stock, high inflation and uncertainty June 21, 2022 The UK’s property market is still going strong, despite fears that rising inflation and the cost of living crisis will choke growth. The number of properties changing hands fell again last month in comparison with its pandemic heights last year. However, with some 100,870 homes sold in May, the latest government data has found a [...]