Jet2 Holidays owner warns ‘much will depend’ on Brexit deal November 21, 2019 The parent of Jet2 has warned “much will depend” on whether the government gets a Brexit deal for the holiday business’s prospects in the coming years. Yorkshire-based Dart Group said it was unclear whether Jet2’s demand would remain “buoyant” without knowing how negotiations with the EU will pan out. Nevertheless, it reported solid trading over [...]
Mitie’s clients hold back on spending until after Brexit and the General Election November 21, 2019 Outsourcing giant Mitie has warned that its clients are holding back on committing to new projects, amid ongoing Brexit uncertainty and the upcoming general election. The firm, which provides cleaning, security, facilities management, energy and healthcare services, said the uncertainty could affect revenue growth in the coming months. Read more: Mitie to continue managing Lloyds [...]
Hey, big spenders: Conservatives rake in cash during first week of election campaign November 21, 2019 Conservatives have raked in more than £5.6m in party donations during the first week of the election campaign, Electoral Commission data has revealed. The Labour party meanwhile scraped together just £218,500 – meaning that the Tories received £25 for every £1 sent to Jeremy Corbyn and co. Even the Liberal Democrats and Brexit Party out-fundraised [...]
Labour’s ‘self-destructive’ manifesto will drive billions away from UK, business groups warn November 21, 2019 Labour’s “self-destructive” manifesto will drive billions out of the UK, leaving everyone in the country poorer, business groups, lawyers and think tanks have warned. Jeremy Corbyn unveiled his “radical” vision for how a Labour government would tackle inequalities in Birmingham earlier today. Among the changes revealed in the manifesto in order to fund £83bn of [...]
Labour manifesto: Capital gains tax hike to fund £83bn spending spree November 21, 2019 Jeremy Corbyn is planning a raid on the UK’s higher earners as part of plans to fund its commitment for nearly £83bn on day-to-day spending, the Labour manifesto revealed today. In what Corbyn dubbed a “radical” manifesto, launched in Birmingham today, he revealed that a Labour government would change how capital is taxed, bringing it [...]
OECD: Global growth in 2019 will be worst since financial crisis November 21, 2019 The global economy is set to grow at its slowest pace since the financial crisis this year, the OECD has said, warning that governments are failing to adequately tackle the problem. In a gloomy update to its forecasts, the Paris-based organisation said countries were also failing on tackling climate change, the digitisation of economies and [...]
UK tech startups net a record £9bn to keep European crown November 21, 2019 Investors have ploughed a record £9bn into British tech startups in 2019, according to figures that place the UK’s tech investment scene head and shoulders above the rest of Europe. Tech companies have so far countred $11.1bn (£8.6bn) in venture capital this year, according to a report from VC firm Atomico today, a 48 per [...]
McLaren tycoon Ron Dennis takes stake in music streaming firm Roxi November 21, 2019 McLaren founder and British F1 tycoon Ron Dennis has taken a stake in Roxi, the British music firm hoping to take on streaming giants such as Spotify. Roxi today announced that Dennis has taken a 10 per cent stake in the firm, which has a number of celebrity backers including Robbie Williams, Sheryl Crow and [...]
Through technology, crime is closer than you think November 21, 2019 Money laundering often gets a laugh: the laundrette at the end of the road that’s never open to launder clothes, a running joke about a dodgy colleague, or the time a friend inadvertently cleaned cash for a bloke they met in a pub when you were students. But the reality is that the pervasiveness of [...]
Boris Johnson is right to delay corporation tax cuts November 21, 2019 Boris Johnson showed a lot of guts to go to the CBI Conference and announce that he was delaying a planned corporation tax cut in order to fund public services. This was a speech which was long overdue. Since 2010, governments have given away corporation tax cuts worth over £60bn. This figure doesn’t include the [...]