Money Moves

Recent research estimates that the UK has at least 8,000 illegal waste sites, collectively containing around 13 million tonnes of rubbish. This situation has resulted in an estimated avoidance of £1.63 billion in landfill taxes, according to data analysis from satellite company Air & Space Evidence, which was shared with various media outlets. Experts express […]

Airbus has informed airlines that they will need to make immediate modifications to thousands of aircraft due to concerns that intense solar radiation may interfere with critical flight control data. Around 6,000 aircraft, which includes approximately half of Airbus’s global fleet, could be affected. While many of these planes can be updated with a simple

Individuals dependent solely on their state pension will reportedly not be required to pay tax on that income, according to Chancellor Rachel Reeves. This proposal could lead to a two-tier system among retirees, distinguishing between those reliant on the basic state pension and those receiving additional benefits. Starting next April, the new state pension is

Rachel Reeves, the Chancellor of the Exchequer, emphasized the responsibility of the wealthy in funding the reconstruction of the UK’s public services. During a recent address to Labour MPs, she highlighted the importance of stability in leadership amid ongoing speculation about party leadership dynamics. In the latest budget, Reeves announced a tax increase of £26

At JP Morgan’s New York headquarters, a celebration was held to honor King Charles, attended by 400 guests including Varun Chandra, the Prime Minister’s envoy. This event took place shortly before Rachel Reeves’s budget announcement, which included no new taxes for banks, easing concerns in the financial sector. Days later, Jamie Dimon, head of JP

Chancellor Rachel Reeves has faced scrutiny over her handling of public financial forecasts ahead of this week’s Budget. Downing Street has denied allegations that Reeves misled the public regarding the financial situation. Prior to the Budget, there were predictions of a potential £20 billion shortfall in her commitment not to borrow for day-to-day expenses. However,

Phil Thorley, owner of Thorley Taverns, a small pub chain in Southeast England, has reported an expected annual increase in costs of £62,000 due to recent changes affecting business rates. Thorley stated that 17 of his 18 establishments will see a rise in business rates, despite promises from Rachel Reeves of lower taxes for retail,

Asda has reported a 3.8% decline in total sales, amounting to £5.1 billion for the three-month period concluding in September, compared to the same timeframe last year. This drop is a significant reversal from the previous quarter’s growth of 0.2%, with comparable store sales decreasing by 2.8%. The supermarket attributed part of this decline to

Over 1,000 Amazon employees have signed an open letter expressing concerns regarding the company’s approach to artificial intelligence (AI) development. The letter, published on Wednesday, criticizes what the employees describe as a rapid and unconsidered strategy that could negatively impact democracy, employment, and the environment. The initiative follows Amazon’s recent announcement of mass layoffs as

A recent government commitment not to tax the state pension until 2030 is drawing attention, raising questions about its implications for different groups. Chancellor Rachel Reeves indicated in her Budget speech that individuals relying solely on the state pension will not be subject to income tax during this period. The state pension is projected to