In the UK, companies like Starbucks, Google, Facebook, and Amazon have come under fire for paying little tax on UK sales. Tax shaming is having an impact, but will it stop tech giants from shifting profits to low-tax countries? OECD efforts to put a stop to tax avoidance have received mix reactions. While some have […]
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Speaking yesterday at the Conservative Party Conference in Manchester, Sajid Javid announced a plan to rise the National Living Wage to £10.50 in 2024. The new target would bring the National Living Wage up to two thirds of median earnings. Putting it forward as an “ambitious plan”, Javid announced an aspiration to make the UK […]
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The Virgin brand could disappear from the UK rail network after the Government banned its business partner from a trio of franchise bids. Virgin’s boss Sir Richard Branson said he was ‘devastated’ that Stagecoach had been ruled out of the race to run three rail lines. Stagecoach has a 49 per cent stake in Virgin […]
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The Regional airline Flybe cancelled dozens of flights from a number of UK airports today, blaming a shortage of pilots. It also confirmed that it was in consultations over job losses as it prepares to cut jet flights in favour of cheaper turboprop planes. The restructure includes ending jet flights from Exeter, Cardiff, Doncaster and […]
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Manufacturing growth in the UK hit a 13-month high last month – driven by factories stockpiling goods ahead of Brexit, new figures have shown. Research by IHS Markit/CIPS revealed that the increase in stock being held by firms was at a record high for the third month consecutive month. The manufacturing sector’s Purchasing Managers’ Index […]
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A committee of MPs has called for action to be taken over excessive pay awards for UK company bosses. They say the awards are damaging the UK’s reputation and want remuneration packages for business leaders to be linked to those of their workforces. MPs on the Business Select Committee said ‘corporate greed’ was behind a […]
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The car maker Nissan must re-apply for almost £60m of taxpayer cash after it decided not to proceed with plans to build the X-Trail SUV at its Sunderland plant. A deal struck between the Government and Nissan in 2016 stipulated that the cash would only be paid if the car was made in the UK. […]
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House prices in the UK ‘almost ground to a halt’ in January, according to figures from the Nationwide. The building society said growth was the lowest for almost six years, with prices up 0.1 per cent – they went up by 0.5 per cent in December. It is the worst set of figures from the […]
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Japanese drinks giant Asahi has bought the brewery arm of Fuller’s in a £250m deal as a shake-up in the global beer industry continues. Asahi has promised to keep open Fuller’s historic Griffin Brewery in west London, which has been producing beer since 1654. Fuller’s, which brews London Pride, says it will focus on its […]
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The plane manufacturer Airbus said today that it would move its wing-building operation out of the UK if there is a no-deal Brexit. Chief executive Tom Enders said crashing out of the EU without a deal would force the company to make ‘potentially very harmful decisions for the UK.’ He said it was a ‘disgrace’ […]
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