Money Moves

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 […]

In late September, the Dutch government invoked a Cold War-era emergency law to take control of Nexperia, a semiconductor company owned by a Chinese firm. This action has raised concerns in the global motor industry, which is already struggling due to U.S. tariffs and Chinese restrictions on rare earth exports. The Dutch Minister of Economic

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

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

Dave Lewis has been appointed as the new CEO of Diageo, a London-based alcoholic drinks company that has faced challenges in recent years. His arrival has led to a significant increase in Diageo’s stock market value, with shares rising by as much as 7%, adding over £2 billion in value to the company. Lewis will

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

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

The Post Office has decided to extend its contract with Fujitsu for the Horizon IT system for an additional year, committing to a payment of £41 million. This extension will allow the use of Horizon until March 2027. The Horizon system has been central to a major scandal involving the wrongful prosecution of over 900

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

British Airways CEO Sean Doyle has stated that Heathrow Airport should be expanded without relocating the M25 motorway. This statement comes as the government is evaluating two proposals for the airport’s expansion, one from Heathrow itself and another from the Arora Group, led by hotel entrepreneur Surinder Arora. The expansion plan proposed by Heathrow’s management