HMRC set to recover £1bn of fraudulent furlough cash over two years June 9, 2021 Over £1bn of fraudulent or mistakenly claimed furlough cash is set to be recovered over the next two years, HMRC has said. Since the introduction of the furlough scheme in March 2020, more than £60bn has been claimed by employers as it protected over 11m employees. In the March Budget, the government announced the scheme [...]
El Salvador’s Bitcoin adoption as legal tender triggers start of market recovery June 9, 2021 Crypto markets show some signs of recovery as El Salvador becomes first country to make Bitcoin legal tender.
Exclusive: More than half a million UK businesses file VAT returns late June 8, 2021 More than half a million VAT returns were filed late by British businesses last year, sparking concerns that many companies have been left exposed to interest payments and fines. A total of 519,120 VAT returns were filed after the deadline — up 13 per cent on the previous year — as the pandemic sparked chaos [...]
Crypto markets crash despite Latin America rushing to Bitcoin June 8, 2021 Bitcoin has again found strong support at just above $32k this morning after dropping 10 per cent over the last 24 hours, while Ethereum (ETH) has also again managed to again bounce back at $2,500 following a similar fall in price.
London won’t see exodus – but property growth rates may slow, says Onthemarket June 8, 2021 Property growth rates in the capital could slow in the medium-term, as pandemic-led lifestyle changes like wanting a garden or office space are likely to continue. House prices in the UK have on average grown by £22,000 in the last 12 months, according to the latest figures from Halifax, however prices in London have lagged [...]
UK to create new workers’ rights watchdog to stamp out modern slavery June 8, 2021 The government has announced the creation of a new workers’ rights watchdog that will be charged with enforcing minimum wage laws, protecting agency workers and stamping out modern slavery. Formerly these three areas were overseen by separate bodies, however the Department of Business, Energy and Industrial Strategy (Beis) will bring it all under one watchdog. [...]
A sea of tranquillity for crypto markets, but are stormy waters ahead? June 7, 2021 The talk of the crypto town continues to be whether the big Bitcoin bull run is over, but those looking for decisive evidence either way this weekend will have been sorely disappointed.
Miami Nice: Bitcoin price nears $40k as conference kicks off June 3, 2021 The cryptocurrency market continues to recover today, with Bitcoin (BTC) up more than four per cent over the past 24 hours.
Number of Brits on furlough falls by 1.3m to lowest level this year June 3, 2021 Furlough numbers have dropped to their lowest level this year, as those needing the scheme fell to 3.4m. Official figures published today showed that 1.3m fewer employees accessed furlough across March and April, with the biggest falls in workers aged 24 and under. Since the start of the pandemic, more than 11.5m employees have been [...]
Relative calm in crypto markets disturbed as Coinbase lets the Doge out June 2, 2021 Bitcoin continues to trade within a very narrow channel between $33k and $38k, currently changing hands at just above $37,000.