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Government considers capping landowners’ profits from green belt sales to meet housing targets
Ministers are preparing to cap the profits landowners can make from selling green belt land as part of the government’s strategy to deliver 1.5 million new homes by 2030. The proposed reforms would give councils the power to compulsorily purchase green belt land at a lower “benchmark” value, curbing theContinue Reading
Patrick Drahi sells 24.5% BT stake to India’s Bharti Global, which rules out full acquisition
Patrick Drahi, the debt-laden media tycoon, has sold a 24.5 per cent stake in BT Group to Bharti Global, the international investment arm of India’s Bharti Enterprises. The transaction marks a significant shift in ownership for the British telecoms giant as Bharti Global becomes its largest shareholder. Bharti Global hasContinue Reading
Man Utd transfer news LIVE as INEOS consider £50m bid, Ten Hag eyes free agent
Manchester United could secure the services of Sergi Roberto for free, seven years after the Red Devils launched an unsuccessful bid for the Barcelona academy graduate. Fabrizio Romano reports the 32-year-old is preparing to leave Barcelona as a free agent after failing to earn a new contract – ending hisContinue Reading
Sainsbury’s boss and retail union warn 17,000 shops face closure without business rates reform
Over 17,000 shops across the UK could face closure in the next decade unless the Labour government takes urgent action to reform the business rates system, according to warnings from Simon Roberts, CEO of Sainsbury’s, and Paddy Lillis, General Secretary of the Union of Shop, Distributive and Allied Workers (Usdaw).Continue Reading
Wage growth could still push inflation up, says BoE policymaker
Catherine Mann, a rate setter at the Bank of England, has said the UK should not be “seduced” into thinking inflation will stay low over the coming year. Ms Mann, an external member of the Bank’s Monetary Policy Committee (MPC), said she is concerned that inflation could rise again soon,Continue Reading
HMRC concedes £19bn in unpaid taxes unlikely to be recovered amidst soaring call centre failures
HM Revenue & Customs (HMRC) has conceded that it is unlikely to recover more than £19 billion in unpaid taxes, as the department grapples with a significant rise in uncollected tax debt and a dramatic increase in customer service failures. According to HMRC’s latest annual report, the total amount ofContinue Reading
Investment app Gather collapses after failing to repay government loan
Gather, the investment app backed by Arsenal footballer Jorginho, has collapsed into administration after failing to repay a government pandemic loan, leading to significant expected losses for taxpayers. The app, designed to democratise access to funds from major asset managers like BlackRock, was launched by Gather International in 2019. DespiteContinue Reading
Nick Cave reflects on tragic death of his two sons
Nick Cave has reflected on the grief he experienced following the deaths of his two sons in 2015 and 2022. The “Red Right Hand” musician’s son Arthur died in 2015, aged 15, after falling from a cliff near the family’s home in Brighton. He suffered a fatal brain injury afterContinue Reading
Horses are a lot smarter than we previously thought, new research shows
Horses are much smarter than we previously thought, scientists have said. A new study showed the animals performed better than expected in a complex reward-based game. Researchers found that when denied treats for not following the rules of the game, the horses were able to instantly switch strategies to getContinue Reading
2024 Paris Olympics Closing Ceremony review: Tom Cruise takes flight in show that’s less high art, more pop concert
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails “This is not the time for high art,” BBC presenter Hazel Irvine announced, as coverage of the Olympic closing ceremony began. “It’s timeContinue Reading