Why Britain should be spending 3 per cent of GDP on defence April 9, 2024 Fiscal rules must not outweigh our defence priorities – we are facing war and we should be spending like it, says Paul Mason Momentum is building for an increase in UK defence spending. Last week saw the launch of a cross-party “defence pledge”, calling on the government to raise the MOD’s budget from 2.2 per [...]
UK borrowing tipped to have jumped to £23bn in March but Hunt and Sunak are on course to hit OBR forecasts April 23, 2023 Britain is tipped to have borrowed nearly £23bn last month to help pay for capping energy bills at £2,500, according to City analysts’ consensus forecast. Fresh numbers out from the Office for National Statistics on Tuesday are expected to show the gap between what the government generates in revenue from taxes and spends on public [...]
Rents in London grow at fastest rate ever of any UK region hitting record £2,257 per month July 14, 2022 London rents have grown at the fastest ever rate out of any region in the UK, according to new research today, as prices hit a new record. The cost to rent a property in the capital has jumped by 15 per cent in the past year, hitting an average of £2,257 per month. Demand [...]
City regulator FCA extends guidance for banks that look to permanently shut more branches October 11, 2022 The Financial Conduct Authority (FCA) guidance, which already sets out expectations for banks to carry out thorough checks on the impact that permanent closures will have on customers, has been extended. Alternatives to bank branches should be delivered quickly and as a priority, according to the City regulator, which has published new guidance for those [...]
North Sea industry blames windfall tax for sharp declines in oil and gas production April 20, 2023 The UK's North Sea industry is set for a steep decline in production and capital expenditure, according to the latest data from NSTSA.
The Notebook: City trend to cut compliance workers will come back to bite March 26, 2024 Lucy McNulty, editor of Following the Rules, takes the Notebook pen to talk compliance job cuts, social media and the stubborn glass ceiling.
US Senate avoids shutdown with green light on £952bn spending tranche March 23, 2024 The bill now goes to President Joe Biden to be signed into law.
Tangle Teezer launches innovation panel to fuel haircare brand’s future growth January 10, 2023 British haircare brand Tangle Teezer has launched an innovation advisory board panel which will bring together global business leaders and experts from across the retail, haircare, technology, ESG, and scientific communities. Last September the breakthrough British company announced record results of £43.5m for the full year 2021, a year-on-year hike of 46 per cent, the [...]
Some big changes to the tax system no one is telling you about… March 19, 2024 The Budget did little to move the polls, but it included some fundamental philosophical changes to the way we pay tax. Expect unintended consequences, says Tim Sarson Budgets are fleeting spectacles. Like a passing squall they arrive with a few gusts of media speculation, dominate the news for a week at most, then blow themselves [...]
Fintech cash injection from Canadian pension fund reignites calls for UK schemes to ‘step up’ March 11, 2022 A cash injection from one of Canada’s biggest pension funds into a London fintech firm has reignited calls for UK pension funds to “step up” and back British tech today.