Rachel Reeves’s flagship plan to overhaul the UK’s non-dom tax regime is facing an early blow after new analysis suggested far more wealthy residents have left the country than the Treasury forecast. According to consultancy Chamberlain Walker, around 1,800 non-domiciled individuals — 50 per cent more than expected — have exited Britain since the chancellor scrapped the system in April ...
Britain’s second-largest bookmaker has warned it will close all its 1,300 betting shops and cut 7,000 jobs if the government presses ahead with plans to double gambling taxes in next month’s budget. Joanne Whittaker, chief executive of Betfred, said the measures being considered by chancellor Rachel Reeves would “wipe out the high-street betting shop”, threatening the future of Britain’s traditional ...
The governor of the Bank of England, Andrew Bailey, has issued his starkest warning yet about the long-term impact of Brexit, saying that the economic consequences of Britain’s exit from the European Union will remain “negative for the foreseeable future.” Speaking in Washington DC to a gathering of global central bankers, Bailey said he was not commenting on Brexit as ...
Silicon Valley stalwart Ron Conway has stepped down from the board of the Salesforce Foundation after a decade of service, sparking a rare public rift within the tech-philanthropy community. The resignation comes in direct response to CEO Marc Benioff’s recent remarks expressing support for former President Donald Trump and the deployment of National Guard troops to San Francisco. Conway — ...
In online spaces overflowing with formulaic copywriting, posting for the sake of posting, and polished strategy – the perfect Instagram feeds – audiences have grown weary of perfection. In this Business Matters interview with Marco Robinson, award-winning entrepreneur, coach, property investor, and the man behind Channel 4’s Get a House for Free, we explore how many UK companies could benefit ...
More than 400 UK businesses have been officially recognised by the government for paying their suppliers promptly and fairly, as part of the Fair Payment Code, a scheme run by the Office of the Small Business Commissioner. The code, launched in December 2024, is part of a national drive to combat Britain’s late-payment culture, which costs the economy £11 billion ...
Agricultural technology startup Wild Bioscience has secured £45 million in Series A funding led by the Ellison Institute of Technology (EIT), the research organisation founded by Larry Ellison, chairman and chief technology officer of Oracle. The investment — joined by existing backers Oxford Science Enterprises (OSE), Braavos Capital, and the University of Oxford — will fuel the company’s mission to ...
Capita has been fined £14 million by the Information Commissioner’s Office (ICO) for serious data protection failures following a major cyber-attack in March 2023 that compromised the personal details of 6.6 million people across the UK. The attack, which saw hackers infiltrate Capita’s systems and extract nearly one terabyte of sensitive data, affected customers, pension scheme members, and staff of ...
Tottenham’s entrepreneurial scene is thriving. New data reveals that the concentration of small businesses in the North London district has doubled in just four years, coinciding with the transformation of the area into a hub for major international events. According to the research by GoDaddy’ sSmall Business Research Lab, Tottenham’s “microbusiness density” — the number of small businesses per 100 ...
Six months after launching, London-based AI recruitment startup Jack & Jill has raised $20 million in seed funding to reinvent how people find jobs and companies hire talent. The round was led by Creandum, the European venture firm behind Spotify and Klarna, with participation from Dig Ventures, Entrepreneur First, Ada Ventures, Firedrop, Repeat.vc, Episode1, Playfair, and more than 75 angel ...