HS2 chair to step down as cost swells to £66bn December 17, 2024 The chair of the company behind High Speed Two (HS2) is to stop down next year, it has been announced. Sir Jon Thompson has served on the board of HS2 Ltd for almost four years after first joining as a non-executive director in April 2021. He was appointed as the company’s chair in February 2023 [...]
Walkers: Sales jump at Doritos, Monster Munch and Quavers owner December 16, 2024 Sales at the owner of the UK’s favourite crisps brands, Walkers, jumped by more than £60m during its latest financial year, it has been revealed. The Pepsi-owned business, which splits its UK accounts across three firms, has only just revealed its results for 2023, long after the 30 September deadline set by Companies House. Manufacturing [...]
Osborne Clarke: Nadhim Zahawi’s lawyer faces disciplinary hearing over SLAPP allegations December 16, 2024 Nadhim Zahawi's lawyer faces a disciplinary hearing this week over allegations he sent SLAPP letters to tax expert Dan Neidle
‘Incredibly sad’: Dame Sarah Storey opens up on Team GB star’s bankruptcy December 15, 2024 Sir Bradley Wiggins’ fall from trailblazing cycling hero to bankruptcy is a sad reminder of the financial struggles that many athletes face, says Dame Sarah Storey. Wiggins was declared bankrupt this year, little more than a decade after he became a household name by winning the Tour de France and a gold medal at the [...]
Debts to go unpaid after collapse of Simon Rimmer’s restaurant chain December 12, 2024 How much the well-known restaurant chain co-founded by celebrity chef Simon Rimmer owed when it collapsed into administration has been revealed for the first time. Vegetarian restaurant Greens first opened its doors in Didsbury, Manchester, in 1990 but was forced to close in January 2024. That closure was followed by the chain’s other site in [...]
Gary Lineker won’t be the last celebrity to fall foul of HMRC December 10, 2024 With the government’s efforts to close the tax gap, high profile individuals like celebrities, athletes and entertainers, are increasingly finding themselves under HMRC’s scrutiny, says Phil Clayton Gary Lineker is making the headlines once again – this time as a result of HMRC’s continued efforts to overturn the First Tier Tribunal’s (FTT’s) decision on £4.9m [...]
Bank of London shakes up UK board in investor-led recovery plan December 5, 2024 The Bank of London has appointed four new directors to its UK bank board and replaced its chair as the troubled fintech ‘unicorn’ looks to recover from a string of setbacks in recent months. The lossmaking start-up, which has faced heavy scrutiny over its governance and finances, said on Thursday that Metro Bank director Catherine [...]
ISA changes to be government priority in 2025 says AJ Bell boss December 5, 2024 AJ Bell’s boss has said that ISA simplification is expected to be a priority for the government next year. “My understanding is that in 2025 we’ll see some progress on ISA simplification, and we’ll look to engage with government as part of that,” said AJ Bell CEO Michael Summersgill. There had been anticipation of a shakeup in [...]
Tax expert: Bernie Ecclestone may face ‘sizeable’ tax bill over luxury car sale December 3, 2024 Bernie Ecclestone is set to sell 69 cars from his luxury collection believed to be worth more than £250m, but he may face a tax bill warned a tax adviser
Gary Lineker’s battle over £5m tax bill with HMRC takes latest twist December 3, 2024 Gary Lineker’s dispute over a £4.9m tax bill was back in court this week, as HMRC aims to overturn a previous ruling in Lineker’s favour