Money Moves

‘Success is shutting them down’: Met police in fight against illegal vape and phone shops | London

‘Success is shutting them down’: Met police in fight against illegal vape and phone shops | London

Authorities in south London conducted a significant operation targeting illegal sales at a shop specializing in electronic goods, including vapes and purported Apple products. The Metropolitan Police, along with HM Revenue and Customs, the local authority, and Trading Standards, executed this raid as part of Operation Machinize 2, which aims to address issues related to […]

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A break with tax tradition in budget would be welcome | Budget 2025

A break with tax tradition in budget would be welcome | Budget 2025

The upcoming budget is poised to play a significant role in UK politics, presenting challenges for Labour’s Rachel Reeves as there is speculation about potential income tax increases. The political landscape suggests that if Labour faces electoral setbacks, it may stem from a perceived lack of coherent governance strategy rather than a singular broken electoral

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Rachel Reeves signals plan to remove two-child benefit cap in budget | Budget 2025

Rachel Reeves signals plan to remove two-child benefit cap in budget | Budget 2025

Rachel Reeves is reportedly set to propose the complete removal of the two-child benefit cap in the upcoming November budget. This measure has an estimated cost of over £3 billion and is projected to lift around 350,000 children out of poverty. The plan marks a departure from earlier considerations where the Chancellor had contemplated only

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Can OpenAI keep pace with industry’s soaring costs? | OpenAI

Can OpenAI keep pace with industry’s soaring costs? | OpenAI

OpenAI, the company known for its ChatGPT product, is facing scrutiny over its ambitious financial commitments amidst its current loss-making status. The firm plans to invest $1.4 trillion over the next eight years to secure the computing power required for training its AI models and enhancing its capabilities. This expenditure significantly exceeds OpenAI’s annual revenue

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Rachel Reeves suggests family benefit limits will be lifted

Rachel Reeves suggests family benefit limits will be lifted

Rachel Reeves has indicated support for removing the existing limits on benefits associated with family size as part of the upcoming Budget. During an interview with the BBC, she emphasized that it is unfair for children in larger families to face financial disadvantages due to circumstances beyond their control. This statement suggests a potential reconsideration

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Herm tourism bosses on 'difficult' running costs

Herm tourism bosses on ‘difficult’ running costs

Tourism officials in Herm have reported that the challenges of operating the island have become increasingly significant. Kate Moody, the marketing and public relations manager for Herm, indicated that the hospitality sector has struggled since the Covid pandemic, as tourists are currently more cautious with their spending. Tom Jones, who oversees hospitality in Herm, emphasized

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