After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Government to unveil new bill to help businesses adjust to social distancing measures June 22, 2020 The government is set to bring forward fresh legislation to help businesses adjust to new social distancing requirements, as the UK begins to emerge from months of lockdown. The Business and Planning Bill is set to be introduced this week and will be led by the Department for Business, Energy and Industrial Strategy (Beis), the [...]
Former chancellor Lord Alistair Darling backs Sunak’s VAT cut plans June 22, 2020 Former chancellor Lord Alistair Darling has backed government plans to cut VAT in a bid to boost the economy, adding that the coronavirus crisis will result in an “even more profound shock” to the UK than the 2008 financial crisis. In a foreword to a new Policy Exchange report, Darling expressed his support for current [...]
Coronavirus deaths in the UK rise by 43 June 21, 2020 A further 43 people have died in the UK after contracting coronavirus, taking the total number of deaths to 42,632. The increase, announced today by the Department of Health (DoH), includes the number of people who have died after testing positive for Covid-19 in hospitals, care homes and the wider community as of 5pm on [...]
Sunak mulls VAT cut to boost economy after lockdown June 21, 2020 Rishi Sunak is reportedly considering cutting VAT rates to provide a much-needed boost to the economy after months of lockdown. The chancellor has ordered Treasury officials to draw up plans to reduce the sales tax, including a cut in the headline rate, the Sunday Times reported. Other proposals being considered include cutting employers’ national insurance, [...]
UK borrowing surges to a record £103.7bn in lockdown June 19, 2020 UK borrowing exploded to £103.7bn over April and May’s lockdown, official data showed today, as debt exceeded 100 per cent as a percentage of GDP in May for the first time in 57 years. The current financial year to date – April to May 2020 – has already seen borrowing rocket to £103.7bn. That is [...]
US dashes hopes of global deal on digital tax June 17, 2020 US officials have reportedly suspended talks with European countries over plans for a global digital tax framework, and continue to threaten to impose sanctions should they go ahead with individual proposals. US treasury secretary Steven Mnuchin last week told four European finance ministers that discussions had reached an “impasse”, in a letter seen by the [...]
Downing Street stands by pension triple lock manifesto pledge June 17, 2020 Downing Street has said it will stick by its manifesto pledge to not break the pension triple lock, despite speculation to the contrary. The Prime Minister’s spokesman said today that there were “no plans to abolish the triple lock and we will always stand by pensioners”. The triple lock, brought in by David Cameron in [...]
Boris Johnson: Too early to ease two-metre social distancing rule June 16, 2020 Boris Johnson has shot down hopes for an imminent change to England’s two-metre social distancing rule, despite pleas from the hospitality sector. Johnson said the rate of coronavirus incidents had not come down enough to make the change, but to “watch this space”. The news will come as a disappointment for hospitality businesses across England, [...]
Businesses call on chancellor to support UK hydrogen strategy June 16, 2020 More than 40 companies have written to Rishi Sunak calling on the chancellor to lay the foundations for a UK-wide hydrogen strategy to power the country’s post-coronavirus recovery. The companies, which include industrial giants such as Anglo American, Bosch, Equinor, Siemens and EDF, said they were ready to invest £1.5bn in hydrogen fuel projects around [...]
Labour calls for emergency ‘back to work’ summer Budget June 16, 2020 Labour shadow chancellor Anneliese Dodds is calling for an emergency summer Budget and stimulus package that focuses on job creation. Dodds has dubbed it a “back to work Budget” and has called on chancellor Rishi Sunak to focus on combating potential structural unemployment caused by the coronavirus crisis. New figures from the Office of National [...]