Rishi Sunak plans to raise taxes now and cut them before next election September 6, 2020 Rishi Sunak is reportedly planning to raise taxes in the autumn budget with a view to cutting them just in time for the next General Election. Sunak met with Boris Johnson last week to plan the government’s fiscal response to the debt wracked up during the coronavirus crisis, with tax rises set to hit the [...]
UK 2021 Immigration System: details revealed September 4, 2020 The Brexit immigration issue was already a complex one, implementing the biggest changes in the UK in almost five decades with new immigration rules to navigate, and impacting business travellers. In addition, now that 90% of the world’s population is living in countries with travel restrictions in place, the ability to travel is no longer [...]
Red card to business cards? Not just yet September 4, 2020 For many entrepreneurs and start-ups, it is one of the most exciting elements of launching a company: ordering business cards. The very act of commissioning and receiving shipments of 88x55mm cards showcasing your new enterprise is a visible and tangible sign that you’re ready for business. Could the increasing number of new companies springing up [...]
DeFi: Borrowing and Lending Crypto Deserves Scrutiny and Caution September 4, 2020 Crypto lending and borrowing in booming but the important questions are still the same: who are the lenders, and who are the borrowers? Why do they engage in these transactions? What forces shape the market, and how do the players involved react to those forces? The bigger story when it comes to crypto-backed crypto lending [...]
Treasury set to reject City coronavirus loan refinance plan September 4, 2020 The Treasury is reportedly set to reject a City of London plan for a new state-owned organisation that would refinance the billions of pounds of emergency coronavirus loans lent to UK companies. Chancellor Rishi Sunak is set to rebuff plans put forward by a group led by trade body The City UK and audit firm [...]
New car sales fall in ‘disappointing’ August for market September 4, 2020 New car sales dropped again last month, reversing July’s increase, with just over 87,000 models sold in what is traditionally one of the quietest months for trading. According to new figures from the Society for Motor Manufacturers and Traders, new car sales fell 5.8 per cent in August. In July, the first full month of [...]
HSBC’s looming pensions crisis: will the bank win the battle but lose the war? September 4, 2020 A business of any reasonable size should have members of its team scanning the horizon for potential problems, like Frederick Fleet in the crow’s nest of RMS Titanic. The most dangerous crises, though, are those which fall on a company from an apparently cloudless sky: those which hit unprepared, and leave a business scrabbling for [...]
Jet2 to add more flight capacity despite quarantine regime September 3, 2020 Jet2 owner Dart Group said that it would increase its flying capacity over the rest of the summer season, sending its shares up 2.4 per cent this morning. Despite the coronavirus quarantine restrictions, the London-listed firm said that it was “satisfied with the average load factors and financial contribution” achieved over the summer. Since restarting [...]
Amazon to create 7,000 new UK jobs in latest expansion push September 3, 2020 Amazon today said it will create a further 7,000 new permanent roles across the UK, taking total new jobs this year to 10,000. The Silicon Valley tech giant has already added 3,000 jobs this year across its fulfilment centres, sort centres and delivery stations. The new roles will be spread over 50 sites, including corporate [...]
Shooting for the stars: The case for a CANZUK space agency September 3, 2020 The British government knows three things for certain about space. It’s big. It’s cold. It’s expensive. For a small country, the scale of the challenge is daunting — and lonely. Not long ago, the United Kingdom had access to the joint space initiatives of the European Union such as the Galileo program, a global navigation [...]