Tony Blair: Ditch the expensive ‘raincoats’ and just cut energy bills in half with mandatory green homes May 31, 2022 Free energy plans should be offered to every home in the UK to lower emissions while reducing energy bills before making them mandatory in the mid-2030s, according to a report by the Tony Blair Institute, shared with City A.M. this morning. The recommendation is one of a number of measures the report says could halve [...]
Universal Credit support to be reviewed by govt January 25, 2021 The government plans to review the support those on welfare receive during the pandemic, the work and pensions minister said today. Minister Therese Coffey, when asked whether a boost to Universal Credit would be extended, said that the benefit is being reviewed. “We’re in active discussion with the Treasury, working together to try and make [...]
Brexit in the City: New powers for watchdogs FCA and PRA as UK moves away from EU rules November 10, 2021 The City’s main regulators, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA), will be given new powers to set rules as the UK moves away from the EU framework after Brexit, according to Government proposals. Regulators will be required to consider how the UK’s financial sector can grow and compete internationally when setting [...]
UK banks still stung by largest tax raid even if bank surcharge is slashed October 25, 2021 London will sting banks with the largest tax raid out of all of the world’s leading finance hubs even if the Chancellor slashes the bank surcharge at this week’s budget. UK based banks will still be hit by a 46.5 per cent levy in 2024 even if Chancellor Rishi Sunak cuts the bank surcharge to [...]
G7 closing in on deal for global corporate tax shake-up May 24, 2021 The G7 is said to be nearing an agreement over corporation tax for multinationals, paving the way for a new global tax regime cracking down on some of the world’s largest companies. A pact between the major economies could be inked as early as Friday following progress in talks among top officials in recent days, [...]
UK recorded music hits a high note thanks to vinyl and CD revivals March 16, 2022 UK recorded music continues to hit a high note, with revenue up 12.8 per cent to £1.26bn following 2020’s pandemic slump.
Law firms brace as chancellor mulls over new tax on legal sector August 5, 2021 Rishi Sunak may be considering imposing a tax levy on the revenues of large commercial law firms, to help to prop up the ailing legal aid system, according to reports. The chancellor may be contemplating reviving the idea of a bespoke levy on commercial legal practices, an idea first suggested five years ago by then [...]
Editorial: If tax cuts worked in a crisis, why not after it, too? October 8, 2021 AS A RULE, when one tries something, and it works, one continues it. Having finally mastered penicillin, Alexander Fleming did not go back to the drawing board. Nor, having invented the telephone, did Alexander Graham Bell eschew his new contraption in favour of the carrier pigeon. Past success is worth repeating is a maxim worth [...]
100 Tory seats at risk: Voters abandon Boris Johnson en masse as Keir Starmer makes Red Wall comeback and leads nationwide January 2, 2022 A majority of Brits doubt Boris Johnson will be Prime Minister this time next year, as Keir Starmer has won voters’ hearts back in the Red Wall, according to a new poll. The Deltapoll survey of the 57 constituencies the Tories gained in the 2019 General Election, most of which could be considered part of [...]
BP and Shell: Will the mega profits of energy giants power our greener future? February 20, 2023 BP and Shell have pledged to ramp up renewable spending to meet the UK's climate and energy security goals, but can we trust them?