Rishi Sunak ‘thrilled’ by £300m DP World investment September 16, 2021 DP World, a Dubai based supply chain logistics company, has announced it will expand a London port to increase supply chain resilience. The £300m investment builds on the £2bn in funds that DP World has funnelled into Britain over the last decade and will add a fourth berth, a parking space for a ship, to [...]
Can tax be simplified? September 16, 2021 ICAS supports tax simplification as a vital part of building an effective and trusted tax administration system but making simplification happen isn’t simple. Why simplify tax? The complexity of UK tax legislation is reflected in complex tax administration systems which are difficult to use and do not facilitate compliance. Compliance is also undermined because many [...]
Reshuffle: Boris Johnson keeps one-time saboteur Michael Gove close September 15, 2021 Seeing Michael Gove as a man who can get a tough job done, the Prime Minister has tasked his one-time saboteur with taking on responsibility for his flagship “levelling up” agenda. Bascially, Boris Johnson wants to keep his allies close and Michael Gove even closer. All that while tackling the housing crisis and pushing through [...]
Reshuffle: Dominic Raab pays the price for ‘beach is closed’ holiday in Crete September 15, 2021 Foreign Secretary Dominic Raab has been removed as Foreign Secretary, moving to the Justice Department whilst also being formally appointed as Deputy Prime Minister. His demotion from foreign secretary follows widespread criticism of his handling of the Afghanistan crisis. He was on holiday in Crete as the Taliban swept across the country and was seen [...]
Central London least vaccinated place in England September 15, 2021 A new report has revealed that the vaccination rate in Central London is lagging behind the rest of the UK despite fears of a fourth coronavirus wave despite rising hospitalisation. It was first reported earlier this week in Metro that all 11 areas with the lowest vaccine coverage in the UK are clustered in the [...]
Sunak: Private equity raid on UK businesses ‘good news’ for economy September 14, 2021 Foreign investment firms’ recent surge of interest in British listed companies is a “sign of confidence” in the UK economy, chancellor Rishi Sunak said on Tuesday, while also touting British fintech and life sciences companies as “globally best in class.” On the same day that Clayton, Dubilier & Rice cemented its pole position in a [...]
Exclusive: ‘I felt sorry for the people of Belgium,’ says Estonia’s Prime Minister September 14, 2021 An artificial intelligence assistant for every citizen? AI to help unemployed people back into work or to suggest a career change? Bots telling you when to visit your GP? All this may sound a tad futuristic, but not for the government of the tiny Baltic state of Estonia. In fact, the country has grand ambitions [...]
CEOs plot acquisition spree as UK recaptures global attention September 14, 2021 With AA motoring group, Asda, Morrisons and Stock Spirits taken over by private equity firms such as CVC, the UK market has recaptured the globe’s attention, having seen an unprecedented wave of deals. Stemming from initial undervaluations due to Covid-19 and Brexit, on average, UK companies were being undervalued by around 30 per cent, according to recent data from Schroders. [...]
Liz Truss: UK faces choice between embracing Brexit opportunities or ‘staying in our comfort zone’ September 14, 2021 Spending nearly 50 years in the European Union has made some businesses and government employees “defensive” about trade, the International Trade Secretary said this afternoon. In a speech earlier today, Liz Truss set out how the UK’s post-Brexit trade strategy will be increasingly about attempting to secure business with eastern growth markets in India and [...]
Exclusive: Estonia’s PM firmly rejects Bitcoin, despite fierce lobby from Coinbase and crypto industry September 14, 2021 Estonia is widely considered to be one of the most likely contenders to regulate crypto in the EU first. After all, welcoming Bitcoin and other virtual currencies into its payment infrastructure would fit in nicely with Estonia’s ambitious digital agenda and its much-talked about e-residency program. However, the country’s prime minister – Kaja Kallas – [...]