As it happened and live reaction: Jeremy Hunt’s Autumn Budget 2022: UK is now in recession November 17, 2022 Welcome to City A.M.’s live updates as the Chancellor of the Exchequer, Jeremy Hunt, delivers the government’s Autumn Budget for 2022. Here the news team will bring you all the key points, policy changes, opinion, analysis, responses from experts, industry reaction and more. Get in touch and let us know your views via news@cityam.com or [...]
Lisa Tomkins CA on how Oxford Biomedica assisted AstraZeneca’s vaccine rollout December 10, 2021 This article first appeared in ICAS’ CA magazine. Lisa Tomkins CA, Senior Director Finance at Oxford Biomedica, tells Ryan Herman how the company assisted the vaccine rollout and is pioneering new treatments in gene therapy When Lisa Tomkins CA became Oxford Biomedica’s Senior Director Finance in February 2021, she suddenly received a deluge of LinkedIn alerts. Anyone [...]
Corporation tax hike: Rishi Sunak is on the way to creating a tax environment to stifle innovation March 3, 2021 Last week, Rishi Sunak rightly said that fintech is one of the UK’s big success stories, and that the growing industry needs access to talent, finance and support. I had therefore hoped for more good news for the sector in today’s Budget. However, it’s been announced that from 2023, the rate of corporation tax, paid [...]
Small companies slam plans for big Making Tax Digital extension July 21, 2020 Small businesses have slammed the government’s planned expansion of the Making Tax Digital programme, saying it means more cost and paperwork for companies at a time when they are under great pressure. The government today said it will extend its tax digitisation programme to 4.7m of the UK’s smallest companies and self-employed workers from April [...]
Fed pours cool water on recovery while AMP amps up June 17, 2021 Bitcoin is down two per cent this morning, currently trading at around $39,300, while Ethereum has also dipped below $2,500.
Sports Direct owner Mike Ashley warns of closures after business rates review delay July 22, 2020 Mike Ashley’s Frasers Group, formerly known as Sports Direct, has warned it could be forced to close stores after the government delayed a business rates review. The government has promised a “fundamental review” into the long-term future of business rates. In March it gave retail, hospitality and leisure businesses a year-long holiday from the tax [...]
Telegraph boosts profit as subscriber numbers hit fresh high September 17, 2020 The Telegraph has reported a sharp rise in profit for the year after its ongoing shift to a subscription model helped drive subscriber numbers to a record high. Telegraph Media Group (TMG), which publishes the Daily Telegraph, Sunday Telegraph and Telegraph website, pulled in operating profit before exceptional items of £14.3m last year. This was [...]
Government extends Help to Buy scheme due to lockdown delays August 3, 2020 The government has extended the Help to Buy scheme due to construction delays during the coronavirus pandemic. The deadline for homes to have been finished in order to comply with the equity loan scheme has been extended from this December to 28 February next year. The cut-off date for legal completion of the sale is [...]
Sen Richard Shelby, 87, puts screws on US Crypto yet the market is green as he just united the whole industry to fight! August 10, 2021 Greetings from Mallorca where I’m trying to holiday whilst I contemplate my advancing years – soon to be scoring my half century. Meanwhile ageism is alive and well in the US as millennials scream at the top of their lungs that the boomers and their parents are screwing Crypto. Seriously though they might have a [...]
Record contraction expected for UK economy in second quarter June 15, 2020 The UK economy is forecast to contract by 15 per cent in the second quarter of 2020, a fresh report has said, setting a new record as businesses struggle to operate during lockdown. The EY Item Club had previously forecast the contraction at 13 per cent, but adjusted the figures to reflect poor economic performance [...]