VAT for hospitality to rise to 12.5 per cent tomorrow September 30, 2021 Hospitality bosses have called for a freeze on increases to VAT, as the tax on pubs and restaurants will rise to 12.5 per cent tomorrow. The 12.5% rate will replace the reduced 5% rate that has applied to hospitality businesses since July 2020. It marks a step in the Treasury’s goal to return the tax [...]
IEA: Ease tax burden to stimulate job creation after furlough ends September 30, 2021 The government should tilt policy toward stimulating job creation after the furlough scheme ends today, according to a free-market economic think tank. Professor Len Shackleton, editorial and research fellow at the Institute for Economic Affairs (IEA), slammed the chancellor’s decision to hike national insurance as the jobs market emerges from 18 months of life support. [...]
Can Bitcoin style validation solve financial statement fraud? September 30, 2021 Jason Meyers, inventor of Auditchain Protocol addresses the question of how a Bitcoin-style validation could solve financial statement fraud.
Sunak should slash taxes at budget to protect recovery, urges taxpayers’ lobby group September 30, 2021 Chancellor Rishi Sunak should slash taxes at the budget to prevent the UK’s economic recovery from the Covid-19 crisis running out of steam. That’s according to the chief of the top lobby group for taxpayers, who warned looming tax hikes will hit hardworking families and businesses and cause the recovery to “fall flat”. John O’Connell, [...]
Analysis: What the fuel crisis is all about and what may happen next September 30, 2021 Despite the government urging people to stop “panic-buying” petrol and return to their normal pattern of purchasing, pumps have run dry in some forecourts. Here City A.M. helps you to understand what is happening and who is involved. So who are the biggest players? The UK’s biggest operator is the Motor Fuel Group. Other companies [...]
Furlough ends today: 1m Brits in limbo as thousands of firms face bankruptcy September 30, 2021 Uncertainty looms for the future of almost one million furloughed Brits as the government’s £70bn support programme ends today, after helping out millions of workers across the UK over the last 18 months. Economists have warned that although many may find work in recovering sectors such as hospitality and travel, there is also likely to [...]
Forecourt gives 10,000 workers a 5 per cent pay rise as fuel crisis rages on September 30, 2021 Forecourt giant EG Group said this morning it has agreed a pay rise for more than 10,000 workers as the sector faces challenging conditions. The company, which runs around 400 sites across the UK, said it will increase hourly rates by an average of more than 5 per cent for employees aged over 18. It [...]
Londoners most vulnerable to long-term job shocks after furlough ends September 30, 2021 Londoners are the most vulnerable to suffering long term career damage after the furlough scheme ends today. Research by the Institute for Fiscal Studies (IFS) found just over two in five Londoners who were made redundant during the pandemic had found new work within six months, compared to 58 per cent in the UK. Depressed [...]
Forward Partners’ portfolio value swells in maiden results September 29, 2021 Early stage venture capital firm Forward Partners today reported a jump in its portfolio value in the first half of the year, in the first results since its listing on London’s Aim market in July. Ventures portfolio value increased by £22m to £108m in the six months to 30 June, including £3.5m new investments during [...]
Shareholder backlash forces Foxtons to review bonus policies September 29, 2021 Property giant Foxtons said this morning it plans to review its bonus policies after facing a backlash from shareholders who said they were too generous. Investors showed their fury at the company at its annual shareholder meeting in April with just under 40 per cent voting against an almost £1m bonus for its chief executive [...]