An extra 1.3 million people will have to start paying income tax – and a further million will be pushed into higher rate taxation – over the next five years, according to the Office for Budget Responsibility.
Amazon could “entirely wipe out” the tax bill of its main UK service company by taking advantage of the chancellor’s £25bn “super-deduction” tax break, according to analysis by a tax fairness campaign group.
Manchester United have confirmed they accessed a £60m draw-down of their available £200m credit line in order to cover a soaring net debt of £455.5m as a result of the coronavirus pandemic.
Frasers Group, the retailer controlled by the Sports Direct founder Mike Ashley, has said it will be forced to close stores and cut jobs after a “near worthless” support package on business rates in the budget.
Marks & Spencer is set to terminate its current accounts later this year and shut its 29-in store bank branches with its banking customers told to either switch to another lender or close their accounts altogether.
The UK’s Competition and Markets Authority has launched an investigation into whether Apple’s terms for app developers are anti-competitive.
Deliveroo pressed the start button today on a $7 billion-plus listing on the London Stock Exchange less than a year after it had warned the Competition and Markets Authority that it would go bust without a $500 million investment from Amazon.
Another 1,150 jobs are at risk at J Sainsbury as the supermarket group makes head office cuts and shuts its online grocery warehouse to save money and invest in improving its food ranges.
Hospitality has been hit immeasurably hard during the Coronavirus pandemic. Yet what measures are in place for the B-2-B sector, left fighting for survival?
We spoke to Michelle Ovens CBE to find out her thoughts on Chancellor Rishi Sunak’s Budget 2021 to see if it was what she had hoped for.