UK ‘lacks understanding’ on tech procurement as taxpayer foots bill January 16, 2025 The UK’s approach to technology procurement ‘lacks understanding’, resulting in costly setbacks whilst leaving its public services on outdated systems. The government has accumulated 29 years of delays across major IT projects and £3bn in cost overruns, according to a recent report by the National Audit Office (NAO). This comes as Keir Starmer recently launched [...]
Reeves employer NIC tax plans raise wind-up fears for football clubs January 7, 2025 A total of 24 professional football clubs are in arrears to HMRC over PAYE debt, with experts fearing that number could rise due to Rachel Reeves’s budget. Clubs including Championship side Reading and National League Southend United are among those who received winding-up petitions from HMRC in 2024. But business experts have warned that changes [...]
Typhoo Tea racked up debts of £100m as it collapsed into administration January 6, 2025 Typhoo Tea collapsed into administration owing around £100m to its creditors ahead of being rescued, it has been revealed. The Bristol-based company entered administration in November 2024 before being bought in a £10m deal the following month. Now, a new document filed with Companies House by Kroll has revealed how much Typhoo Tea owed to [...]
Record profit for Totally Wicked ahead of single-use vapes ban as sales double in two years January 2, 2025 Profit at Totally Wicked has surged to a new record level ahead of the sale of single-use disposable vapes being banned in England and Wales later this year. The Lancashire-headquartered has reported a pre-tax profit of £8.1m for the 12 months to 31 March, 2024, up from the £3.3m it posted for the prior year. [...]
Nadhim Zahawi’s Osborne Clarke lawyer found guilty of misconduct by Tribunal December 20, 2024 An Osborne Clarke partner has been found guilty of misconduct by a Tribunal for his attempt to silence Dan Neidle on a story over Nadhim Zahawi’s tax affairs
‘Christmas comes early’ as inheritance tax receipts jump on threshold freeze December 20, 2024 The amount of inheritance tax (IHT) brought in by the government ticked up to £600m in November, as frozen thresholds pushed more estates into paying the tax. “Christmas has come early for the government,” said Shaun Moore, tax and financial planning expert at Quilter, with the higher tax receipts allowing the amount the government borrowed [...]
HS2 chair to step down as cost swells to £66bn December 17, 2024 The chair of the company behind High Speed Two (HS2) is to stop down next year, it has been announced. Sir Jon Thompson has served on the board of HS2 Ltd for almost four years after first joining as a non-executive director in April 2021. He was appointed as the company’s chair in February 2023 [...]
Walkers: Sales jump at Doritos, Monster Munch and Quavers owner December 16, 2024 Sales at the owner of the UK’s favourite crisps brands, Walkers, jumped by more than £60m during its latest financial year, it has been revealed. The Pepsi-owned business, which splits its UK accounts across three firms, has only just revealed its results for 2023, long after the 30 September deadline set by Companies House. Manufacturing [...]
Osborne Clarke: Nadhim Zahawi’s lawyer faces disciplinary hearing over SLAPP allegations December 16, 2024 Nadhim Zahawi's lawyer faces a disciplinary hearing this week over allegations he sent SLAPP letters to tax expert Dan Neidle
‘Incredibly sad’: Dame Sarah Storey opens up on Team GB star’s bankruptcy December 15, 2024 Sir Bradley Wiggins’ fall from trailblazing cycling hero to bankruptcy is a sad reminder of the financial struggles that many athletes face, says Dame Sarah Storey. Wiggins was declared bankrupt this year, little more than a decade after he became a household name by winning the Tour de France and a gold medal at the [...]