Sunak reveals new climate impact disclosure rules July 1, 2021 Chancellor Rishi Sunak has today announced plans to introduce new rules to force firms to reveal their impact on the climate. Speaking at Mansion House, Sunak announced that businesses across the economy will have to report on the impact they are having on the climate and environment. “We’re launching new requirements for businesses and financial [...]
Brexit impact: Heathrow loses legal bid over end of tax-free shopping for tourists May 21, 2021 Heathrow Airport has lost a High Court bid to challenge the scrapping of tax-free shopping for tourists. Two schemes providing VAT-free shopping for some international visitors were withdrawn by the Treasury at the end of the Brexit transition period on 1 January of this year. The Treasury and HMRC’s decision related to the VAT Retail [...]
Why 2023 has been a year to forget for the London Stock Exchange and the capital’s equity markets September 2, 2023 Take-privates and secondary listings have damaged the reputation of the London Stock Exchange. How did we get here?
Germany plays down links between Nord Stream 2 pipeline and Russia-Ukraine tensions January 13, 2022 German defence minister Christine Lambrecht warned against drawing a link between the Nord Stream 2 pipeline tensions in Ukraine.
The Financial Services and Markets Bill – second reading September 29, 2022 Lord Chris Holmes of Richmond explains the government's 335-page Financial Services Bill and what it means for crypto assets.
Lord Hill: I’m no cheerleader for Spacs but UK should leave door open March 25, 2021 Lord Hill, who recently published a review into London’s listing rules, has said he recognises concerns over Spacs but fears the UK may regret paying attention to the vehicles in a few years time. Special acquisition companies – Spacs – have risen to prominence during the pandemic in the US and in parts of Europe. [...]
Budget 2021: Rishi Sunak to unveil £400m boost for culture and arts March 2, 2021 Chancellor Rishi Sunak will this week provide additional support for Britain’s ailing arts and culture sector as businesses prepare for reopenings in the coming months. In his Budget tomorrow, the chancellor will pledge £408m for museums, theatres and galleries to help them survive until the end of lockdown. Under the government’s plan for lifting coronavirus [...]
The NHS will continue to be a blackhole of cash until we confront its underbelly October 27, 2021 Can enough money ever fix the NHS? Rishi Sunak is the latest in a long line of Chancellors to promise increased spending for the health service, after the Government committed a further £5.9bn. The investment is welcome for a health service that has suffered enormously. But it only touches the surface of answering the problems [...]
Government leaking Covid economic policy erodes public trust, think tank warns April 23, 2021 Treasury’s leaking of Covid-19 recovery policies to some media outlets weeks in advance, while keeping tight lipped on important details, risks eroding public trust, a leading economic think tank has warned. A new report by the National Institute of Economic and Social Research (Niesr) said the current method has led to serious fiscal failures and [...]
If billionaires can decide to pay tax with a Twitter poll, something is badly wrong November 10, 2021 There’s something darkly amusing about one of the richest men in the world using Twitter to poll his 60 million followers about whether he should pay tax. It wasn’t just the flippant way Tesla’s Elon Musk (@edgeLorde) asked his followers to vote on whether he should sell $21bn of stock and in doing so pay [...]