Labour politicians are calling on Tata Steel to refrain from making irreversible decisions before next week’s general election. The Indian company recently announced it plans to expedite the shutdown of blast furnaces at its Port Talbot plant due to impending industrial action. As Britain’s largest steel producer, Tata Steel hasContinue Reading
The UK’s biggest banks have been hit by glitches affecting digital banking, leaving some customers unable to send and receive money on what is commonly pay day for workers across the country. Nationwide, HSBC, Barclays and Virgin Money were among those apologising on Friday to customers over the issues. HSBCContinue Reading
Handing a child a mobile phone or tablet when they throw a tantrum may be damaging their ability to manage their emotions, new research suggests. According to the study, if parents regularly use digital devices to calm their children, that child could have issues with emotion regulation – which couldContinue Reading
Throughout the pandemic, one of the key questions on everyone’s mind was why some people avoided getting COVID, while others caught the virus multiple times. Through a collaboration between University College London, the Wellcome Sanger Institute and Imperial College London in the UK, we set out to answer this questionContinue Reading
Halay Alex/Shutterstock Like making best friends with the strangers in the next tent, peeing in a cup because you can’t face the queues for the portaloos and using wet wipes as a shower substitute, being a bit messy is all part of the summer festival experience. But, while you mightContinue Reading
A leading VAT expert is calling on private schools to review the accounting treatment of pre-paid school fees in order to avoid huge tax charges at a later date. It follows news of Labour’s plan for anti-forestalling measures on proposed private school VAT legislation. This would see the party recoup VATContinue Reading
Simply Asset Finance has announced a major milestone, securing a £120 million loan facility from Bank of America. This new facility, initially set at £60 million with the potential to expand to £120 million, will significantly enhance Simply Asset Finance’s capacity to fund businesses across the UK. The agreement strengthensContinue Reading
Used car search platform MOTORS has acquired the Cazoo brand, announcing plans to transform it into a cutting-edge, mobile-first digital marketplace. This strategic move aims to leverage MOTORS’ extensive 15-year experience to provide a fresh and innovative car buying experience. In the coming weeks, MOTORS will unveil an all-new CazooContinue Reading
The Bank of England has issued a warning that the UK economy could suffer if higher interest rates lead private equity-backed companies to default on their debts. In its latest financial stability report, the central bank highlighted the significant risk posed by the jump in borrowing costs since late 2021.Continue Reading
Economists from Capital Economics predict that Labour could benefit from a £16 billion spending boost if it wins the upcoming General Election, thanks to updated forecasts from the Office for Budget Responsibility (OBR). This potential fiscal headroom is nearly double the £8.9 billion announced in the March Budget. Rachel Reeves,Continue Reading
