New tax year ushers in more woe for businesses and households April 6, 2022 Today marks the start of what will be yearly increases in tax bills for households across the UK as a raft of hikes, threshold freezes and fiscal tweaks come into effect. The new tax year has been ushered in by the much-lamented 1.25 percentage point national hike, which is forecast to deal a more than [...]
The SEC proposal that could ‘cripple’ DeFi, and EU lawmakers vote to outlaw anonymous crypto transactions April 4, 2022 Bitcoin ended March with a move toward the $48,000 mark but quickly plunged to $44,000 as April began. It has since recovered to $46,000.
Exclusive: The boss of London’s oldest office provider returns from retirement to drive the City’s bounce-back April 4, 2022 As we passed the two-year anniversary of the first lockdown last month, City A.M. sits down with the CEO of London’s oldest office provider, who came out of retirement to drive the business’ post-Covid recovery. Shedding light on how the business and City has suffered, Argyll CEO John Drover reveals to this paper how his [...]
Heathrow braces for days of chaos amid staff shortages, IT issues and cancellations April 4, 2022 UK travellers are currently experiencing chaos as Heathrow continues to be hit by a combination of IT issues, Covid-induced staff shortages and flight cancellations. For the last few days, travellers complained on Twitter about being stuck in hour-long queues at terminals 2 and 5 as a result of IT issues, especially at security e-gates. Scottish [...]
FBI raids £91m luxury yacht of Putin oligarch ally in Mallorca: ‘We are coming for your ill-begotten gains’ April 4, 2022 Spanish Civil Guard officers, together with agents from US intelligence agency FBI, are searching a yacht owned by an oligarch with close ties to the Russian president Vladimir Putin, Spanish media report. They descended on the vessel at the Marina Real in the port of Palma de Mallorca, the capital of Spain’s Balearic Islands, this [...]
Partygate scandal: Government’s former ethics chief Helen MacNamara reportedly fined £50 over lockdown bash April 4, 2022 Helen MacNamara, who used to be the deputy cabinet secretary and former ethics chief for the government, is said to be among the first group of people to receive a fixed-penalty notice (FPN) from Scotland Yard as part of its investigation into alleged lockdown-breaching parties in Downing Street and Whitehall. The Daily Telegraph reported that [...]
Hospitality venues receive less than half of £635m Omicron support package April 4, 2022 Hospitality businesses in England received less than half of a £635m support package promised at the end of last year to make up for Omicron cancellations. Just £305m was paid out less than three weeks before the final cut off, analysis by the Altus Group revealed. The Treasury had announced one-off grants worth up to [...]
Cost of living squeeze deals financial crisis level blow to Brits’ optimism April 4, 2022 Brits’ optimism is eroding at the fastest pace since the financial crisis amid the tightest cost of living squeeze in a generation, reveals a closely watched survey released today. A combination of inflation scaling to its highest rate in three decades, tax hikes, swelling energy bills and weak wage growth have bound together to deal [...]
Russian Army pulls back as weekend fightback picks up: Ukrainian forces retake Kyiv suburbs despite fear of booby-traps April 2, 2022 Ukrainian forces are taking back suburbs and other areas surrounding capital Kyiv this weekend, and they have reportedly moved to retake territory north of the country’s capital amid fears that Russian forces might have set booby-traps before leaving. Ukrainian President Volodymyr Zelensky warned in his nightly video address hours earlier that departing Russian troops were [...]
Anger and indignation as Northern Ireland is branded the ‘begging bowl’ of the UK April 1, 2022 Northern Ireland is the “begging bowl corner” of the UK and should become fiscally responsible, politician Doug Beattie said this afternoon. In an address to business leaders, the UUP leader said Stormont parties have collectively failed to demonstrate their ability to manage the region’s finances. Beattie was addressing a pre-election event, hosted by the Northern [...]