The much-anticipated Oasis reunion tour is set to deliver more than just nostalgic hits; it’s expected to inject a significant boost into the UK economy, a move that could prove beneficial for the Labour party. According to Paul Haywood-Schiefer, Senior Manager at audit and advisory firm Blick Rothenberg, the fervour surrounding the reunion gigs will…
The RAC has called for the scrapping of the 5p fuel duty cut, claiming motorists are not benefiting as intended. Introduced in 2022 to ease the cost of living crisis, the cut costs the Treasury £2 billion annually but has failed to translate into savings at the pumps for drivers. The motoring group accused fuel…
HM Revenue & Customs (HMRC) is actively investigating 791 of the UK’s largest companies for suspected tax underpayments, a figure that represents nearly 40% of the country’s biggest businesses. According to a study by Thomson Reuters, these investigations span across critical sectors such as banking, telecommunications, pharmaceuticals, retail, and oil and gas, underscoring HMRC’s increasing…
A radical proposal to replace Britain’s complex system of property taxes with a single land tax is gaining unprecedented support from both sides of the political divide. The idea, which echoes an early 20th-century proposal by Winston Churchill and David Lloyd George, would see council tax, stamp duty, and business rates abolished in favour of…
British firms are missing out on billions of pounds in potential revenue by not filing international patents as aggressively as their competitors in other countries, industry experts have warned. A report from the Chartered Institute of Patent Attorneys (CIPA) reveals that UK companies are filing patents in crucial markets such as Europe and China at…
HM Revenue & Customs (HMRC) has clawed back nearly £70 million in unpaid taxes from footballers, agents, and clubs over the past year as part of a rigorous crackdown on tax avoidance schemes in the sport. This initiative has seen investigations launched into 20 football clubs, 83 players, and 21 agents since April 2023. The…
British Steel is set to close its blast furnaces in Scunthorpe by the end of the year, placing 2,500 jobs in jeopardy. The move comes as the Chinese-owned company seeks to accelerate its transition to greener steel production, despite having received £600 million in taxpayer support. The company is in talks with the UK government…
The recent overhaul of London’s listing rules has made the UK’s stock market more attractive, according to Andy Hunter, Deputy Managing Director of CK Infrastructure, the first company to list under the new regulations. Hunter praised the reforms as “very welcome,” citing the streamlined process as a significant factor in the company’s decision to pursue…
British holidaymakers planning trips to Europe will soon need to budget for a €7 visa waiver as the EU prepares to introduce its European Travel Information and Authorisation System (ETIAS) by the middle of next year. The EU has confirmed that the scheme, which applies to over 60 non-EU countries including the UK, is scheduled…
OpenAI, the firm behind the widely known AI chatbot ChatGPT, has announced a significant partnership with global magazine giant Condé Nast. This multi-year agreement will see content from iconic publications like Vogue, The New Yorker, and GQ featured within OpenAI’s platforms, including its newly launched AI-powered search engine, SearchGPT. The deal marks the latest in…
The price of gold could soar to $2,600 an ounce after reaching a new record, as traders increasingly anticipate that the US Federal Reserve will cut interest rates next month. On Sunday, the spot price of gold broke through the $2,500 per ounce barrier for the first time, extending a rally that has seen the…
Britain’s deteriorating road network is not just a nuisance for drivers—it’s becoming a significant drag on the economy, factory bosses have warned. According to a report by industry group Make UK, the worsening condition of the country’s roads, particularly A-roads and motorways, is adding to manufacturing costs and influencing business investment decisions. Over half of…
ASDA is on the brink of losing its position as the UK’s third-largest grocer, with Aldi set to overtake it by 2028, according to analysis by GlobalData, a leading data and analytics company. The forecast comes as ASDA grapples with a range of challenges, including leadership turmoil, labour disputes, and a shrinking market share in…
Angela Rayner has hinted that some elements of her highly anticipated overhaul of workers’ rights may be delayed, in a setback for union leaders. In a significant meeting held at the Cabinet Office on Whitehall, the Deputy Prime Minister informed union representatives and business lobbyists that “not everything” initially proposed will be included in the…
A major Silicon Valley tech firm, Palo Alto Networks, has issued an apology following widespread criticism for its controversial marketing stunt at an industry event in Las Vegas. The company faced backlash after images emerged showing female models dressed in tight outfits with lampshades covering their heads, used as human lampstands during a networking event…
