Data suggests foreign firms are responsible for almost a third of underpaid tax January 31, 2022 New analysis released today has revealed that foreign companies are responsible for almost a third of underpaid tax in the UK according to HMRC, with large US-owned businesses making up the highest percentage.
Six in ten FTSE 350 companies fail to fully comply with governance code January 31, 2022 Sixty per cent of FTSE 350 companies are not fully compliant with the UK’s Corporate Governance Code, according to new research from Thomson Reuters.
Poke House looks for stock market boost as it eyes London listing January 31, 2022 Holly Williams, PA Restaurant chain Poke House has revealed plans for a stock market flotation in London and New York after sealing the latest deal to expand its global footprint. The Californian-inspired poke bowl chain, which last year bought Ahi Poke in London to launch its assault on the UK market, is eyeing an initial [...]
Don’t forget the black pound, retailers warned January 31, 2022 High street brands could be missing out on £4.5 billion spent by multi-ethnic shoppers due to lack of diversity in brands, according to new research. The Black Pound report, a survey of 3,500 people, found that black, Asian and multi-ethnic consumers are often forced to spend their money in specialist shops due to limited product [...]
Domestic air passengers set for more generous compensation scheme for delays January 31, 2022 Neil Lancefield PA More passengers will receive compensation for delayed domestic flights under plans announced by Transport Secretary Grant Shapps. The Cabinet minister is proposing to make travellers entitled to payouts for flights within the UK which arrive at their destination more than one hour late. The UK currently uses the European Union’s EU261 rule, [...]
Editorial: These “tax-cutting Conservatives” seem very keen on hiking taxes January 30, 2022 If it quacks like a high-tax duck and talks like a high-tax duck, it is difficult to believe that it is fact anything but a high-tax duck. So it is with Boris Johnson and Rishi Sunak, who professed this weekend to be “tax-cutting Conservatives” in a column confirming they were dead set on hiking national [...]
Week ahead: City braces for another Bank of England rate hike January 30, 2022 All eyes will be on Threadneedle Street this week as the City braces for another rate hike from the Bank of England. The Old Lady is widely expected to lift borrowing costs again on Thursday, marking the first time the central bank has hiked rates at successive meetings since 2004. The Bank lifted rates for [...]
London must not rest on its laurels, it needs strong access to talent to continue to thrive January 29, 2022 The past twelve months have been one of the biggest tests that London has undergone in recent memory, with the twin challenges of Brexit and the Covid-19 pandemic leading some cynics to doubt the capital’s future as a world leading business hub. Even though streets across the City and central London fell quiet at times [...]
Westminster committee backs du Plessis as new audit watchdog chair January 28, 2022 UK law makers have endorsed the appointment of former BT boss Jan du Plessis as the new chair of the UK's audit watchdog.
London is back – but our historic cousin Hong Kong will take a while longer January 28, 2022 What a delightful sight it is to see a busy London train station on our front page today. The world is, slowly, coming back to a new normal. As we wrote yesterday, there is no question the world has changed – and smart employers will have to respond to new expectations. But there is still [...]