Money Moves

The UK’s charging industry is anticipating significant financial implications as the government is considering implementing business rates for public charger operators for the first time. Industry group ChargeUK estimates that this could result in a £100 million bill for the sector, particularly challenging given the current slower-than-expected electric car sales. According to ChargeUK, operators may […]

The global investment in artificial intelligence (AI) is set to reach significant milestones, notably with a projected $3 trillion spend on data centers. These facilities are essential for the functioning of AI applications, such as OpenAI’s ChatGPT and Google’s AI tools, which rely on extensive data processing infrastructure. Major companies in the AI sector display

As of now, nearly one million young individuals in the UK are reported to be neither in education, employment, nor training (NEET). This situation has coincided with employers freezing hiring plans, contributing to a rise in unemployment, which has reached a four-year high of 4.8%, up from 4.1% the previous year. A total of approximately

In 2009, banker Sanjay Shah founded Solo Capital, a hedge fund based in London with additional offices in Dubai. The firm became involved in the cum-ex trading scheme, which exploited gaps in tax regulations to allow multiple parties to claim rebates on tax that was paid only once. This practice ultimately cost taxpayers across Europe

Andrew Mountbatten Windsor organized a private tour of Buckingham Palace in June 2019 for businessmen from a cryptocurrency mining firm, Pegasus Group Holdings. This company, co-founded by Jay Bloom, had agreed to pay Andrew’s ex-wife Sarah Ferguson up to £1.4 million for her role as a “brand ambassador” for a now-failed crypto venture. During their

The upcoming release of Football Manager 26 is notable for several reasons, particularly its first inclusion of women’s football. The previous edition did not launch, marking the first gap in the game’s twenty-year history. Sports Interactive, the game’s developer, delayed the release to implement significant changes, suggesting that this version may represent a comprehensive overhaul

The UK government has announced a £9 billion plan aimed at modernizing, refurbishing, or rebuilding military housing over the next decade. This initiative will affect approximately 47,700 homes provided for military families and marks what Defence Secretary John Healey describes as the most significant renewal in over 50 years. The strategy is largely a response

The Federal Aviation Administration (FAA) reported that nearly 50% of the 30 busiest airports in the United States experienced air traffic controller shortages on Friday, stemming from a federal government shutdown that has now lasted 31 days. This significant staffing issue led to nationwide flight delays, with New York City experiencing one of the highest

DPD, a delivery company previously reporting nearly £200 million in pre-tax profits last year, is facing allegations of unjust dismissals following worker protests against proposed pay cuts. The workers, primarily self-employed drivers, organized a three-day work stoppage in response to DPD’s plans to reduce delivery rates by 65p starting September 29, which they claim could

The question of what might replace neoliberal capitalism is significant in current political discourse, particularly for former President Donald Trump. Trump has expressed skepticism towards aspects of the Washington Consensus that emphasize free markets and liberal trade. While he supports neoliberal principles such as privatization and deregulation that favor profit maximization, he opposes tariff-free trade,