Crypto investment product offerings grow as regulators expect crypto market consolidation December 6, 2021 Data from CryptoCompare shows that the price of Bitcoin started last week at around $55,000 and mostly traded sideways throughout across the week before suddenly plunging over the weekend.
Will autonomous vehicles succeed in revolutionising travel? December 6, 2021 Investors have a bird’s-eye view of the driverless revolution happening before their eyes Recently, Cruise, the autonomous vehicle subsidiary of General Motors, announced that they plan to have one million or more autonomous vehicles in their fleet by 2030. In late September 2020, the research arm of Toyota Motor Corporation, Woven Planet, acquired Renovo, an automotive operating system software [...]
Rishi Sunak starts planning tax cuts in lead up to next election December 5, 2021 Rishi Sunak has begun to plan a series of Income Tax cuts before the next election, after he promised Tory MPs in October that he would be ease the tax burden by the end of this parliament. The chancellor plotted out increases in Corporation Tax and National Income Contributions this year, that will increase the [...]
Business rates are an outdated tax which threaten to bury our high streets and shops December 3, 2021 Businesses have been through hell and back over the last two years. From on-off lockdowns, to a botched trade deal with the EU which failed almost every sector of our economy, the business community is suffering. With the Omicron variant creating a new cloud of uncertainty that is hanging over our economy, businesses are facing [...]
Liberal Democrats call for £5.5bn-a-year tax cuts for small businesses December 2, 2021 The Liberal Democrats are calling for Rishi Sunak to bring in a package of tax cuts for small businesses that would be worth up to £5.5bn-a-year. Party leader Ed Davey said “Boris Johnson must be living on another planet” if he thinks his government’s planned tax rises, which will increase the country’s tax burden to [...]
Red hot property market makes Brits the richest they have ever been December 2, 2021 A booming property market triggered by a tax holiday and Brits demanding larger homes has made the UK the richest it has ever been. Household wealth in Britain swelled 8.4 per cent over the last year to £11.2 trillion, the highest it has ever been since the Office for National Statistics (ONS) started tracking the [...]
Open the floodgates: Britain’s planning reform needs to defend our homes December 2, 2021 Brits have been told to brace for flooding with an exceptionally wet January and February forecast by the Environment Agency. In England, there are 5 million properties – one in six – at risk of flooding. Overflows are a complex issue encompassing planning and resilience, climate change and housing. But it is not one taken [...]
Mark Kleinman: Light finally shines on Schroders’ M&G ambitions December 2, 2021 Sky News’ Mark Kleinman is the man the City reads – and in his fortnightly column for City A.M., he shares his insight and analysis. Schroders is solved The mystery is finally solved. For months, fund management executives have puzzled over two aspects of Schroders’ aborted ambitions to take over M&G Investments and create a [...]
Exclusive: LV= CEO Mark Hartigan on the controversial £530m takeover by Bain Capital, ten days ahead of the vote of his life December 1, 2021 Last week, Liverpool Victoria (LV=) , the 178-year old mutually owned life insurance and pensions provider, turned down an improved offer from its competitor Royal London, which had proposed dismantling the business. The development came amid increasing criticism over a £530m proposed takeover of LV= by Bain Capital, as non-profit members would receive just £100 [...]
HMRC to crack down on umbrella companies used to hire temp workers December 1, 2021 The government's tax department plans to crack down on umbrella companies avoiding paying workers and their taxes.