Brexit: UK ports introduce customs clearance fees in ‘bulls**t money-making exercise’ to recoup lost revenues May 28, 2022 Ports across the UK have introduced so-called ‘customs clearance fees’ in an attempt to recoup lost revenues in border control posts as a result of delays to phytosanitary procedures. Ports in London, Tilbury, Southampton and Teesport are charging customers new, additional fees that range from £17 to £25 per entry. Moreover, Southampton and DP World [...]
Exclusive: KPMG to hire 3,500 tech workers to staff newly launched digital products business May 27, 2022 KPMG today launched a new digital solutions business which is set to see the firm more than double the size of its 3,000 strong technology focused workforce by hiring 3,500 new data scientists and engineers. The UK arm of the Big Four firm said it plans to create 1,000 London tech jobs, in its efforts [...]
Costs of EV rapid charging increases by a fifth following surge in energy prices May 27, 2022 The cost of rapidly charging an electric vehicle (EV) has increased by a fifth in the last eight months due to soaring energy prices. Data from automotive insurance company RAC reported that since September public rapid chargers have increased their rate by 7.81p per kilowatt hour (kWh) to 44.55p kWh. This means that completing an [...]
Another wasted crisis as government shows no appetite for growth May 26, 2022 It has become fashionable to say in recent months that principles don’t seem to matter in British politics anymore. Most of that criticism is in the aftermath of a partygate scandal that, for all of its jaw-dropping detail, is not of grand importance in the scheme of things. We will now lay that criticism at [...]
Altcoins drop as JPMorgan holds Bitcoin price assessment May 26, 2022 The price of Bitcoin remains flat this morning, with low trading volume suggesting there is still indecision among investors.
Exclusive: Steep surge in income tax and national insurance as higher taxes bite in cost of living May 26, 2022 The combined amount of Income Tax and National Insurance paid in the last twelve months has soared by 13 per cent to more than £387bn, new figures from HMRC show. The latest data from the taxman comes amidst the growing cost-of-living crisis, the Government is now likely to come under increasing pressure to alleviate the [...]
Tech giant AGM: Amazon shareholders reject investor-led proposals on workers’ rights May 25, 2022 Amazon shareholders voted down all investor-led proposals at the tech giant’s AGM on Wednesday afternoon. Among the 15 shareholder proposals, rejected resolutions included those critical of the company’s use of plastics and particular concealment agreements in contracts. The $1tn e-commerce giant had pushed back against all of the shareholder proposals, the highest number it has [...]
Insurance sector exodus could serve major hit to Russia’s energy exports May 25, 2022 Efforts on the part of insurers to cut their links to Russia could put a stranglehold on Russian energy exports, unless the Kremlin fills the void, analysts have said. The push amongst Western insurance companies to distance themselves from Russian clients, to ensure they are not in breach of Western sanctions, could severely impact the [...]
Oil prices remain elevated as US refineries ramp up processing while EU edges toward embargo May 25, 2022 Oil prices rose slightly today, buoyed by US refinery processing levels and growing expectations of an EU ban on Russian imports.
The City View: Offshore Energies UK CEO on deleterious effects of a windfall tax May 25, 2022 Today Andy Silvester chats to Deirdre Michie, CEO at Offshore Energies UK. They unpick the windfall tax, the risk it poses for smaller energy firms and the sector in general, the state of the energy industry, and the seemingly lackadaisical speed of the energy transition. In other news: M&S is leaving its Russian franchise business, [...]