Wizz Air shares nosedive as engine troubles hammer profits August 1, 2024 Operating profit fell from €79.9m to €44.6m, well below analyst expectations of €171m, in a poor set of results for the airline.
City warns over punishing impact of capital gains tax raid August 1, 2024 City bosses have sounded the alarm on a hike in capital gains tax (CGT) today as Rachel Reeves rolls the turf for a sweeping round of tax raids at her first budget in October.
Raising capital gains tax would be a big mistake August 1, 2024 City A.M.’s consistent warning that the government will raise taxes in their first Budget have been vindicated. Rachel Reeves admitted that “I think we will have to increase taxes” to the News Agents podcast. Labour will no doubt rebut accusations that this is a violation of their election pledges with references to their weaselly caveat [...]
The £22bn black hole row: Who’s telling the truth? July 31, 2024 Rachel Reeves and Jeremy Hunt are slinging accusations at each other about the state of the public finances. But who is right?
Rachel Reeves: ‘I think we will have to increase taxes’ July 31, 2024 Speaking on the News Agents podcast, Rachel Reeves said "I think we will have to increase taxes in the Budget".
Ahead of the Game: Six Nations facing compensation fight over £800m deal snub July 31, 2024 In his first weekly sports news column, Matt Hughes reports on the row between the Six Nations and southern hemisphere chiefs over the Nations Championship, the value of Team GB’s new deal with Adidas, Everton’s tensions with the Premier League, and England cricket chiefs’s latest hire. The Six Nations are facing potential demands for tens [...]
Wizz Air: We are not the worst airline in the UK (after being voted the worst, again) July 31, 2024 The Hungarian budget carrier has repeatedly come out bottom of the pile of a number of Which? surveys assessing the UK airline industry.
Higher windfall taxes will be the death of investment in the North Sea July 31, 2024 Introducing Norway-level taxes without the accompanying investment incentives proves Labour’s energy policy is driven by ideology – not security, says Andy Mayer The day before the new Labour Chancellor Rachel Reeves sounded the death knell for Britain’s North Sea oil industry and put up to 200,000 workers on notice the ‘I’ newspaper led with the headline “Starfish and other seabed species [...]
Chancellor’s move to cut infrastructure projects threatens growth, economists warn July 30, 2024 Rachel Reeves' decision to make immediate cuts to capital spending has shaken a number of top economists, who have said they are deeply concerned about the potential knock-on impacts on the UK's economic growth.
Greggs: Sausage roll-co breathe sigh of relief with ‘no plans’ to raise prices in 2024 July 30, 2024 Greggs has confirmed there are no plans to raise prices for the rest of the year, as London sausage roll-loving commuters breathe a sigh of relief. Chief executive Roisin Currie confirmed the news this morning are previous price increases of 5p for products were driven by wage increases, she said. The bakery boss added that [...]