The Snail House: Richard Eyre makes debut aged 79 September 16, 2022 During the Covid pandemic, one of the positive effects of people being locked in their homes was the release of pent-up creativity. For most this began and ended with attempts to make sourdough bread, but others were considerably more productive. For instance Richard Eyre, the former director of the National Theatre, returned to writing, and [...]
Explainer-in-brief: A modern history of Britons and queues September 16, 2022 Every national identity comes with stereotypes. A big one with the Brits is being patient masters of standing in a queue.
Kwarteng must pull businesses out of limbo before MPs head off to party conferences September 16, 2022 I can probably count on one hand just how often MPs have been in parliament in these past three months. It makes a mockery of our parliamentary system in such a time of need.
Brexit onslaught deepens as a third of all UK exporters to EU vanish due to red tape knockout September 15, 2022 The number of UK businesses exporting goods to the EU fell 33 per cent to 18,357 in 2021, from 27,321 in 2020, according to data from HMRC. Discussing the figures with City A.M., Michelle Dale, a senior manager at accountancy firm UHY Hacker Young, pointed out the fall is due to the extra red tape [...]
Pressure builds to scrap bankers’ bonus cap as BoE says it never backed policy September 15, 2022 Pressure is building on Kwasi Kwarteng tonight to scrap the cap on bankers’ bonuses, as the Bank of England said it never wanted the EU pay restriction. One minister also told City A.M. that scrapping the cap “makes it more attractive to be in London”, with the measure likely to get support among large sections [...]
OnlyFans should fork out more UK VAT for its subscribers, EU advises September 15, 2022 OnlyFans has been told by EU court advisors that it may need to fork out VAT on the full amount paid by subscribers, not just a discounted sum. OnlyFans’ parent firm Fenix took an initial grievance about VAT to a UK tribunal after HRMC ordered the UK based firm to pay VAT on all the [...]
Bank of England says it never wanted bankers’ bonus cap as Kwarteng looks to scrap payout limit September 15, 2022 The Bank of England has said it never supported the bankers’ bonus cap amid speculation that Kwasi Kwarteng wants to scrap the policy post-Brexit. A spokesperson for the Bank told Reuters today that there were better ways to ensure banks account for risks than the EU-enforced restriction, which critics have said hurts the City’s global [...]
Sofa giant DFS suffers big slump in profits after ‘grim year’ amid sharp retail downturn September 15, 2022 DFS said this morning the sofa seller has suffered a big slump in profits. Moreover, the company warned that the industry is facing a downturn as soaring bills mean fewer customers are in the market for a new sofa. DFS said pre-tax profit dropped 43 per cent to £58.5m in the financial year that ended [...]
Bankers’ bonus cap could be scrapped by Kwasi Kwarteng September 14, 2022 The bankers’ bonus cap, which limits the pay of top City and Canary Wharf executives, could be scrapped by new Chancellor Kwasi Kwarteng. The cap, which was brought in as part of EU-wide efforts after the financial crisis, has long been criticised as an anti-competitive stranglehold on the capital’s competitiveness. Kwarteng wants to scrap the [...]
Stamp duty cuts and a planning overhaul: Estate agents tell us their housing policy wish list September 14, 2022 With Simon Clarke announced as the new housing minister, we asked top estate agents for their housing policy wish lists Simon Tollit, Partner, Tedworth Property Operating in the luxury residential sector of Prime Central London, the last two years have seen a strong domestic market and more recently London has welcomed back international investors. However, [...]