Ireland issues firm warning to UK to ‘be wise’ as anxious EU fears Britain plans to blow up Brexit protocol next week May 10, 2022 The Irish deputy premier has warned the UK Government against taking unilateral action on the Northern Ireland Protocol. “We can’t have any unilateral action from the UK. This is an international agreement, they have to honour their obligations. I was in the Wirral with Boris Johnson. I know what he agreed to,” Tanaiste Leo Varadkar [...]
Nightmare becomes reality in Sri Lanka as govt has no choice but to declare economy has ‘collapsed’ June 22, 2022 After months of shortages of food, fuel and electricity. Sri Lanka’s prime minister said this morning the country’s debt-laden economy has “collapsed.” Prime Minister Ranil Wickremesinghe told Sri Lanka’s parliament today that the South Asian country is “facing a far more serious situation beyond the mere shortages of fuel, gas, electricity and food. Our economy [...]
‘I haven’t paid an HMRC fine’ Hunt confirms, as calls mount for Zahawi to go over tax fiasco January 27, 2023 Chancellor Jeremy Hunt said he has never paid a tax fine, as ministers’ financial affairs come under scrutiny amid growing calls from Conservatives for Nadhim Zahawi to stand down. Hunt raised suspicions by twice refusing to say whether he has paid a penalty as he took questions after an economic speech, claiming the public are [...]
Trade minister says Truss ‘deserves the confidence of the country’, as PM announces press conference October 14, 2022 Newly-appointed trade minister Greg Hands has come out fighting for prime minister Liz Truss, saying she “deserves the confidence of the country”, as Liz Truss announces a press conference today at 2pm. The cabinet official defended the embattled resident of Number 10 who is facing the prospect of an embarrassing U-turn on corporation tax. It [...]
Michael Gove: There won’t be an emergency budget to tackle the cost of living crisis May 11, 2022 Levelling Up Secretary Michael Gove has insisted there will not be an emergency budget to deal with the cost of living crisis. The minister made his comments on Sky News this morning after the prime minister told the Commons yesterday, that Rishi Sunak would be “saying more” on the UK’s response to rising inflation and [...]
BBC ‘fully co-operating’ as offices raided by India tax officials after documentary on PM Narendra Modi February 14, 2023 Officials from India’s Income Tax department began conducting searches on Tuesday at the BBC’s offices in the capital, New Delhi. It comes weeks after the British broadcaster released a controversial documentary that examined prime minister Narendra Modi’s role during 2002 anti-Muslim riots. Teams from the tax department surveyed the BBC’s Delhi and Mumbai offices, the [...]
Cameron: We’ll strike the Houthis again if attacks continue January 14, 2024 The UK is “prepared to back our words with actions”, David Cameron has said, after military action was taken against the Houthis over their attacks in the Red Sea.
Truss promises immediate help with energy bills September 4, 2022 Liz Truss has promised to provide immediate help with soaring energy bills if she is made Prime Minister in the coming days. The leadership favourite, who is expected to be announced as Tory party leader and Prime Minister tomorrow, said today that “we face serious, serious challenges which will take immediate action from the government”. [...]
Chancellor’s R&D tax relief cut for startups jeopardises UK innovation funding November 22, 2022 Most of the UK’s spending on research and development (R&D) hangs on the shoulders of businesses, leaving a sour taste in the mouths of startups following the Chancellor’s latest budget. The business sector contributed £44bn – the equivalent of 71 per cent – of R&D funding in 2020, followed by universities, which pumped in £13.9bn, [...]
London’s tourist tax: 63 per cent of international tourists would spend more if levy was scrapped March 1, 2024 Some 63 per cent of international tourists would be more likely to make large purchases in the UK if tax-free shopping was re-introduced, fresh polling has revealed. The bombshell data, launched before the Spring Budget, where there have been rumours it could be scrapped, is based on a study of 8,000 people from the USA, [...]