How to close the tax gap April 16, 2024 Politicians love to talk about the tax gap as a pain-free revenue-raiser, but there is a genuine difference between tax owed and what’s collected, mostly because the system is far too complicated, says Tim Sarson Last week the Shadow Chancellor Rachel Reeves summoned up an old favourite of British fiscal administration: the tax gap. Labour [...]
We need a government to match the private sector’s energy and radicalism April 16, 2024 One thing the government was not light on yesterday at the Innovate Finance Global Summit was advice. Everyone has it. That’s a good thing. Panel discussions were loaded with genuinely interesting ideas about strengthening London’s competitive advantage in fintech. Those that had “made it” were offering advice on corporate governance to those still in the [...]
UK markets are ‘generationally mispriced,’ says youngest investment trust manager April 15, 2024 Laurence Hulse, manager of the Onward Opportunities trust, led the first float of an investment trust since 2021 last year.
Over 800 directors have been disqualified for abusing Covid loan scheme April 15, 2024 More than 800 directors have been disqualified for abusing Covid support schemes over the 2023-24 financial year following investigations by the Insolvency Service.
Samsung steals smartphone crown from Apple as Chinese rivals Huawei, Oppo and Xiaomi eat into market April 15, 2024 Apple's iPhone sales sagged 10 per cent in the first three months of 2024, while Samsung shipments also fell, but only by 0.7 per cent.
I sold my first business for £36m — but the money wasn’t enough April 15, 2024 "To be honest with you, I didn't expect to make money for myself," Delacour laughs.
Ashmore: Billions more pulled from asset manager as emerging markets’ demand sags April 15, 2024 Emerging markets asset manager Ashmore Group reported that customers pulled billions more from their funds at the start of 2024.
The Sandbox: Building a Tech Friendly Regime for a Growing Crypto Industry April 15, 2024 On April 3rd, the Bank of England and FCA jointly published a consultation which marked the next step in opening a Digital Securities Sandbox (DSS) in the UK. The DSS is key to supporting responsible innovation in the UK. It allows market participants to try out new business models that are not yet permitted under current regulations, while simultaneously enabling regulators to identify where legislation and policies may need to change.
Vitol, Gunvor and Trafigura say bribery is over – but reform will take more than words April 15, 2024 The chief executives of Vitol, Gunvor and Trafigura declared the era of bribery in the sector to be over last week. But Rhodri Morgan argues that it will take a lot more than words if the companies are serious about putting an end to corruption in the industry
FTSE 100 today: London markets brace for lower start amid Middle East geopolitical turmoil April 15, 2024 Asian stocks fell amidst Middle East tensions post Iran's attack on Israel, while gold rose as a safe haven. Oil and Bitcoin saw declines. Investors are watching UK CPI, US retail sales, and earnings from Goldman Sachs, Bank of America, Blackstone, American Express, and Netflix.