Ithaca Energy announces fresh shareholder payout after £175m windfall tax hit August 23, 2023 Ithaca Energy has announced fresh dividend payments for shareholders in its half-year trading update, despite a hefty windfall tax hit.
UK lost out on £320m AstraZeneca factory: Hunt ‘disappointed’ after drug giant choses low-tax Ireland instead February 10, 2023 Chancellor Jeremy Hunt said he was disappointed the UK “lost out this time” on a £320 million new AstraZeneca factory after the drugs giant chose the low-tax Republic of Ireland instead. The group had wanted to build a plant near its existing sites close to Macclesfield, Cheshire, but the “discouraging” tax rate had prompted a [...]
So you want to be a tech superpower? Put your money where your mouth is March 27, 2023 Last week, the Government published a roadmap for reaching tech superpower status by 2030. At the heart of this strategy must be addressing the funding gap which is impeding innovative businesses from scaling up and growing. Tech is an area where the UK already has so many competitive strengths not just in London but across [...]
London is going to host the Largest Crypto & Blockchain Conference February 10, 2023 After 4-years of its successful events chain despite the bear market, the Blockchain Economy Summit’s 6th edition is scheduled for February 27-28, to be held in London, UK. This Major crypto event in the UK will host more than 3,000 attendees from 65 countries. As one of the main financial centers of the world, London [...]
Treasury prepares to unveil new UK rules for crypto industry March 29, 2022 The UK government is poised to reveal its regulatory plans for the crypto industry in the coming weeks with particular focus on stablecoins.
What’s that coming over the hill? Is it regulation? December 9, 2022 IDnow's Jason Tucker-Feltham believes the FTX collapse has invited the inevitable, but urges crypto companies to embrace regulation.
Square Mile lobby urges new City minister to push through Brexit reforms September 13, 2022 New City minister Andrew Griffith must push forward with the government’s plan to reform the UK’s financial services rulebook post-Brexit, the industry’s leading business group has said. TheCityUK today congratulated the ex-Sky executive on his appointment and called on the Treasury to ensure the UK is a “well-regulated, open and competitive place to do business”. [...]
Lib Dems call for Biden-style tax on share buybacks at spring conference March 16, 2024 Party leader Sir Ed Davey said: “Neither the Conservative government or Labour Party have explained how they will fund public services fairly after the next election.
Defence giant BAE Systems secures £28bn worth of orders so far this year November 15, 2022 BAE Systems, one of the largest defence companies in the UK, has secured £10bn worth of orders in the second half of this year so far. The London-listed defence firm, which builds military-grade jets, submarines and satellites, has kept its guidance in place while many businesses in the UK nudge them lower amid the economic [...]
Historic inflation surge to swell UK debt interest bill to over £200bn August 18, 2022 A historic inflation surge is set to swell the UK’s debt interest bill to over £200bn, top economists have warned today. Britain’s public purse is set to come under intense pressure over the next two years that may cause the government to miss their borrowing fiscal rule, according to the Institute for Fiscal Studies (IFS). [...]