Tag: Business
More pressure to raise taxes or cut spending – despite record budget surplus
Chancellor Rachel Reeves is coming under increased pressure to raise taxes or cut public spending as official figures show government borrowing was more expensive than expected, and tax revenue fell below expectations.
Parents must not pay mandatory extra charges to access free childcare, ministers say
Parents who are entitled to hours of free childcare should not have to pay mandatory extra charges to secure their nursery place, the government has said.
Monument Bank in talks to raise £200m ahead of Nasdaq IPO
A challenger bank which has amassed a substantial customer base of Britain’s wealthiest savers is in talks about raising £200m in private funding before pursuing a US flotation which would raise further questions about the attractiveness of the London market.
Surprise boost for retail as food sales see biggest jump since start of pandemic
Shops were given a surprisingly big boost in January as retail sales rose by 1.7% – much more than the 0.3% rise forecast by economists.
‘Worst hack in history’ as $1.5bn in crypto stolen
Hackers have stolen $1.5bn (£1.19bn) worth of digital money in what could be the biggest-ever cryptocurrency theft.
Low-paid jobs at risk from Labour’s tax increases on businesses
Cliff Nicholls runs two trampoline parks and indoor play centres: one in Tamworth in the West Midlands, the other in Bolton, Greater Manchester. He’s already feeling the pressure from the government’s latest budget measures and has been forced to abandon further investment plans.
Payments watchdog could be abolished in PM’s purge of regulators
Britain’s payments watchdog is expected to be abolished as part of a purge of regulators being thrashed out in Whitehall.
Redundancies, poor results and fan fury: A look at Manchester United’s difficult year
What happens when you put a boyhood fan in charge of their club?
Birkenstock sandals are not works of art, court rules
The Birkenstock sandal is recognisable for its big buckles, wide-straps, and cork-made sole. But the shoes do not qualify as works of art, Germany’s highest civil court has ruled.
Pariah State: Israeli Soldiers Face Arrests and Travel Bans Worldwide
On January 5, 2025, Yuval Vagdani, an Israeli army reservist, fled Brazil while on vacation after a federal judge in the country opened a war crimes investigation into Vagdani over his alleged involvement in demolishing homes in the besieged Gaza Strip. The Brazilian judge used a legal tool called “universal jurisdiction” to pursue Vagdani. Universal …
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