The Lanesborough: Value of five-star London hotel falls as loss widens September 13, 2024 The value of five-star hotel The Lanesborough has been cut as its pre-tax loss widened during its latest financial year.
Windfall tax is a big risk and Rishi Sunak’s policies may lead to recession, warns former minister May 27, 2022 FORMER Tory leadership candidate Sir John Redwood has warned that the Government’s windfall tax on energy firms is risky and its economic policies may be leading us towards a recession. He said he was opposed to a windfall tax on energy firms as it would affect future investment. “Why don’t I want a windfall tax on the energy [...]
Immigration, planning, taxation: Does this government care about the economy? December 5, 2023 Westminster knows our migration, tax and planning systems are holding back growth, but continues to put politics ahead of economics
Council tax will cushion the cost of living crisis, but it accepts an outdated policy February 4, 2022 With inflation soaring, people are becoming increasingly desperate. Inflation is at record levels, sitting at 4.8 per cent in December and expected to soar as high as 7 per cent by April. The repercussions of this will be particularly strenuous on the most vulnerable. Indeed, the price of essential items that make up a larger [...]
UK crypto industry balks at new tax rules for decentralized finance February 3, 2022 The UK's crypto industry is up in arms over new tax rules issued by HMRC on lending and staking assets on decentralized finance platforms.
Govt owes itself £263m in back taxes as Whitehall departments failed to comply with payroll rules May 25, 2022 Due to a failure of Whitehall departments to comply with rules on off-payroll working, MPs have stated that the Government owes itself hundreds of millions of pounds in back taxes. The Commons Public Accounts Committee said it was “not acceptable” that central government was paying out to cover tax owed for individuals who had been [...]
Allen & Overy profit soared past £1bn before merger with Shearman July 12, 2024 Allen & Overy profit before tax jumped nearly 20 per cent to £1bn before the merger with US firm Shearman & Sterling
Editorial: This really isn’t that complicated: Less fiddling, lower taxes February 4, 2022 As the calendar flipped over to 2022, we asked on our front page – could it really be a happy new year? In truth we should have seen the bad news, delivered yesterday in a double whammy by the energy regulator and the Bank of England, coming. A combination of wholesale gas prices spiking, an [...]
Eni plans €2.5bn investment into UK energy sector as calls for windfall tax escalate May 22, 2022 Italian oil major Eni will spend at least €2.5bn in the UK over the next four years, amid growing calls for a windfall tax.
Inchcape: Car dealer’s profit rises after £346m sale of UK retail arm July 30, 2024 On an adjusted basis, both pre-tax and operating profit rose seven per cent in constant currency to £226m and £299m, respectively.