A warning to Reeves: These tax rises will damage UK competitiveness October 22, 2024 Not only is the UK tax burden at record levels, but we are raising money in a more damaging way than our competitors. And the Budget could be about to make things even worse, says Daniel Herring Next week, Rachel Reeves needs to try not to make the UK’s tax system worse. Yesterday the US-based [...]
Margaret Thatcher’s Westminster home is up for sale October 21, 2024 Political junkies, rejoice! The central London house, which served as Margaret Thatcher’s home after she fell from power and John Major’s headquarters during his tenure, is officially up for sale at £3.65m. The three-bedroom Georgian townhouse on Great College Street packs a political punch. It has also served as a place for Conservatives to gather [...]
Microsoft launches AI ‘agents’ to woo investors ahead of earnings October 21, 2024 Microsoft has launched a suite of artificial intelligence-powered ‘agents’ geared towards businesses, as the tech giant continues to build out its suite of AI products in a bid to stay ahead of the competition and woo investors. At its AI Tour event in London on Monday, Microsoft boss Satya Nadella introduced the autonomous agents, which [...]
NHS: Google faces appeal over patient data deal with London’s Royal Free Hospital October 21, 2024 Tech giant Google is back in court this week as it seeks to defend off an appeal over a ruling to throw out a data privacy class action against it
Reeves tax raid ‘risks harming UK economy’, top business groups warn October 21, 2024 Some of the country’s top business groups have warned that Rachel Reeves’s rumoured plans to ditch a slew of tax breaks for entrepreneurs at the budget “risk harming” the economy and dissuading founders from setting up companies in Britain. In an open letter to the Chancellor today, four business groups representing over 1200 UK founders and investors, [...]
UK banks brace for Budget tax raid despite lobbying efforts October 21, 2024 UK banks are bracing for a tax raid in Labour's maiden Budget as new analysis reveals the sector is already paying a significantly higher rate than counterparts in the US and EU.
Sir Rocco Forte leads 300 business leaders in call to scrap ‘spectacular own goal’ tourist tax October 21, 2024 Over 300 business leaders have signed a letter asking Chancellor Rachel Reeves to reinstate tax-free shopping in the UK, calling the so-called tourist tax a “spectacular own goal” for retail. The signatories, which include hotelier Sir Rocco Forte, Paul Smith, Heathrow, John Lewis and Shakespeare’s Globe, have said that if Reeves is serious about promoting [...]
Number of UK house sales jumped by a third after rates cut, before Budget October 21, 2024 Despite uncertainty about the coming Autumn budget, buyers continued to pile into the property market after the Bank of England cut interest rates, with the number of homes sold up by a third year on year. The number of sales agreed rose by 29 per cent, while the number of potential buyers contacting estate agents [...]
BHP nears £24bn settlement in Brazil for Samarco dam disaster October 21, 2024 Miners BHP and Vale are negotiating a possible settlement worth roughly $31.7bn (£24.32bn) with Brazilian authorities over a 2015 dam failure that is considered one of the country's worst environmental disasters.
Ocean Wilsons sells off Brazilian arm to Mediterranean Shipping Company October 21, 2024 London-listed Bermuda investment company Ocean Wilsons has sold off its Brazilian arm to Mediterranean Shipping Company (MSC) for 4.32bn Brazilian real (£590m). Wilson Sons, which is currently one of the largest port and maritime logistics operators in Brazil, is currently majority owned by Ocean Wilsons with a 56.5 per cent interest. It is also one [...]