Rishi Sunak says tax cuts are a fairy tale, but he is chasing a Sleeping Beauty fantasy July 19, 2022 TIMES are tough. We need a bold plan to tackle the cost of living and get growth going. I have heard my friend Rishi Sunak argue that this is not the time to cut taxes, despite people facing the heaviest burden since the 1940s. With all due respect to the former chancellor, he is acting [...]
NatWest will provide £1.25bn in aid to farmers facing inflation July 18, 2022 NatWest will offer farmers a £1.25bn lending package amidst surging inflation in the UK. This package follows earlier support and takes the bank’s total lending for the agriculture sector to more than £6.7bn. The capital will be deployed through loans, asset finance, and higher overdraft limits, and will also help farmers transition to more sustainable practices [...]
Heatwave: London Luton Airport suspends all flights as high temperatures damage runway July 18, 2022 London Luton Airport has halted all flights as record high temperatures damaged the runway. Temperatures in London are currently 38c as England faces an unprecedented heatwave that has caused disruptions to travel. “Following today’s high temperatures, a surface defect was identified on the runway. Engineers were called immediately to site and repair works are currently [...]
Unpaid crypto tax surged by 432 per cent from last year, HMRC says July 18, 2022 The amount of unpaid tax that rich crypto investors owed on their investments soared by 432 per cent from last year, according to HMRC. Data by law firm Pinsent Masons today said that HMRC identified £2.28m in suspected underpaid tax concerning crypto assets in 2021-2022, a substantial increase from £428,000 the previous year. Steven Porter, [...]
Millennials lag behind: Young entrepreneurs made just £500m out of £28bn while selling their firms July 18, 2022 More than £28bn was made by individuals selling their businesses in the past year, but just £550m was from those under 34. Those under 25 cashed in with only £27m in gains, representing under one per cent of the total, according private wealth law firm Boodle Hatfield. The next bracket up, those aged 25-34 were [...]
Binance hit with £2.8m fine by Dutch bank for not following registration requirements July 18, 2022 Binance was fined €3.3m (£2.8m) by the Dutch Central Bank for offering crypto services in the Netherlands without following registration requirements, according to an official release today. De Nederlandsche Bank (DNB) requires virtual asset service providers like Binance to register with it under the Money Laundering and Terrorist Financing (Prevention) Act. DNB had earlier issued [...]
Royal Mail tells Ofcom to rethink parcel tracking rules as firm faces strikes and target woes July 18, 2022 Royal Mail has urged Ofcom to rethink its decision to block the company from tracking packages under the Universal Service Obligation (USO) rules as strike action and delivery pressures loom.
Treasury still keen on state-backed NFT despite crypto crash and government upheaval July 18, 2022 The UK Treasury is still devoted to creating a state-backed NFT with the Royal Mint despite the recent crypto crash and resignations of key ministers supporting this project. HM Treasury reiterated its dedication to the state-backed NFT. “We are still committed to introduce an NFT, working with the Royal Mint. This work is ongoing, and [...]
Marbella is modern glamour meets rustic charm July 18, 2022 THE WEEKEND: The British love affair with the Costa del Sol continues, but away from the big developments and noisy bars the pretty town of Marbella is the region’s shining star. With its sophisticated clubs, luxurious hotels and world class golf courses its vibe dates back to the 1950s, when European royalty and Hollywood stars [...]
Visit St Andrews if you’re mad about golf, but make time for Kate and Wills nostalgia too July 18, 2022 Adam Bloodworth visits St Andrews, checking into the newly-refurbished Rusacks, the hotel overlooking The Open’s 18th hole on the Old Course Imagine waking up in your hotel room, pulling a jaunty yawn-stretch, opening the curtains and revealing the finishing line of one of the most famous sporting tournaments in the world. There aren’t many hotels [...]