To trust the free markets with our pensions, we need to know what we’re talking about February 25, 2022 Do you know how much is in your pension? And how much will need to be in there to give you the retirement? I’m prepared to bet that even some of the super-savvy readers of CityA.M. might answer “no” to at least one of those. If so, you’d be in good company. Most people don’t [...]
Consumer price cap could spike to £3,000 per year warns Investec February 24, 2022 The consumer price cap could spike to £3,000 per year in October, warned Investec, following Russia's invasion of Ukraine.
UK’s Hong Kong visa scheme extended to include ‘youngsters born after 1997’ February 24, 2022 The government has today widened the parameters of its visa scheme for Hong Kong residents who wish to leave the city, following calls saying it had abandoned younger citizens. The British National (Overseas) immigration route was introduced last year to help resettle Hong Kong citizens in the UK, after Beijing’s crackdown on the former British [...]
Ed Warner: Russia has taken us all for fools, especially spineless Thomas Bach February 24, 2022 Second in the table of overall medals won isn’t half bad for a nation denied a place at the Beijing 2022 Winter Olympics. Russia has taken us all for fools. You if you watched any of it. Me for doing just that. All the sporting politicians who allow Russian athletes to compete. The greatest fool [...]
Government introduces free cyber skills training for thousands of school children February 23, 2022 Thousands of secondary school students will learn essential cyber security skills for free through a new online learning platform being rolled out in schools across the country.
‘Rule of Origin’ Brexit rule starts to bite: UK customs duties jump 64 per cent in a year to record £4.5bn February 23, 2022 Customs duties paid by UK businesses have jumped 64 per cent to a record £4.5bn in the year to 31 January 2022, up from £2.9bn in the previous 12 months, according to new research shared with City A.M. this afternoon. The rise comes as post-Brexit increases in customs duties begin to bite for UK businesses [...]
HMRC’s average take from investigation into small businesses and individuals rises to £18,400 February 23, 2022 HMRC has increased its take from investigations into individuals and small businesses to an average of £18,400 per investigation, up from £17,500 last year, according to new data shared with City A.M. this morning. HMRC is looking to extract as much as they can from investigations as they seek to make up for revenue lost [...]
McLaren in IndyCar: How the papaya team are looking to break America February 22, 2022 When racing gets underway at the 2022 IndyCar season opener in St Petersburg, Florida, on Sunday it will herald a new era in motorsport for McLaren Racing. The British outfit and offshoot of the luxury carmaker, better known for their Formula 1 success, are embarking on their first season as majority owners of Arrow McLaren [...]
Buy-to-let investors profit taking boosts CGT take to record level February 22, 2022 Buy-to-let investors taking profits on their properties has propelled capital gains tax (CGT) receipts to their highest ever level, revealed official figures published yesterday. The Treasury received 20 per cent more income from capital gains tax last year, with receipts climbing to £12.9bn from £10.8bn from the previous year, according to HMRC. A red hot [...]
Facebook ‘Reels’ goes global as it tries to keep up with TikTok and attract creatives February 22, 2022 Facebook has announced that it will be expanding the availability of its Reels for iOS and Android to more than 150 countries, widening the reach of its copycat TikTok feature. The Reels feature was first introduced at the end of last year and the tech firm’s new strategy hopes to help creators earn money from their Reels [...]