HM Revenue & Customs (HMRC) has rolled out a new disclosure service for companies that have inadvertently overclaimed research and development (R&D) tax relief and failed to amend their returns. The move underscores the government’s intensified crackdown on misuse of the scheme, which reportedly cost the exchequer over £1 billion in missing revenues. The initiative targets firms that may have ...
It wasn’t so long ago that having the option to work from your lounge in your slippers felt like a futuristic dream bordering on utopia. Yet here we are, practically on the doorstep of the full remote revolution, and I’m watching a queue of business leaders feverishly backpedal towards outdated notions of “bums on seats.” Or, as I like to ...
Nick Clegg, the former British deputy prime minister, has stepped down from his post as president of global affairs and communications at Meta, having sold almost $19m (£15m) worth of the tech giant’s shares during his six-year tenure. Clegg, 57, still retains close to 39,000 Meta shares, worth around $21m at the current market price. His total pay package at ...
Britain must stick to its plan to stop selling new full hybrid cars without a plug from 2030 or risk a “catastrophic misstep” that undermines its net zero ambitions, the motoring group Electric Vehicles UK (EVUK) has warned. The Department for Transport (DfT) will ban the sale of purely petrol and diesel cars from 1 January 2030, with a consultation ...
There are many ways to make money, but there are few ways to make money quickly. Making money from money through DDB Miner is one of them. Finance is an industry that uses money to make money. Finance and bubbles are like twin brothers. Where there are financial products, there are bubbles. In the eyes of ordinary people, bubbles are ...
Looming tax increases and ongoing cost pressures are sending a “winter chill” through Britain’s factories, as new data reveals the weakest manufacturing growth in 11 months. The final S&P Global purchasing managers’ index (PMI) for December slipped to 47—down from 48 in November and below an earlier estimate of 47.3—pushing the reading further into contraction territory for the third consecutive ...
Fashion retailer New Look is preparing to accelerate store closures as a result of Labour’s tax-raising budget, while “Chicken King” Ranjit Boparan battles to pass higher costs on to supermarkets—signalling further pressure on UK businesses across multiple sectors. Around a quarter of New Look’s 364 British outlets are understood to be at risk of closure when leases expire, potentially placing ...
Jeff Bezos is gearing up to launch Amazon’s satellite broadband service in Britain, marking a significant challenge to fellow billionaire Elon Musk. Regulatory filings show Amazon’s Project Kuiper plans to beam internet connectivity from space to UK customers—including businesses and government users—as early as this year, signalling intensifying competition in the nascent but increasingly crowded satellite internet market. Project Kuiper’s ...
Sterling has tumbled to its weakest level since April following stark warnings from an influential survey that Britain may be on the brink of an industrial recession. The pound dropped by 1pc against the dollar on Thursday, slipping below $1.24, amid growing concerns that the UK economy is faltering. In stark contrast, optimism is rising in the United States, where ...
Three quarters of former Conservative MPs who lost their seats at the last election are poised to attempt a comeback, new research suggests. According to a survey by the Conservatives Together group — a network headed by Grant Shapps, the former defence secretary — only 10 of 88 ex-Tory MPs polled ruled out standing again. A further 38 said they ...