Next year, it is believed, around 400,000 more pensioners in the UK could be dragged into paying income tax as a result of an increase in the state pension, against a background in which the personal allowance is fixed. The supposed "retirement tax" is therefore causing concern, as many more retirees now could well be …
At the moment, UK drivers are being warned of new scams involving fake QR codes on parking signs. According to experts, this is part of a scam called "quishing" that takes motorists through sites that harvest personal details, as well as payment. The researchers advise the drivers not to scan the codes, but to use …
Wizz Air's €499 "all you can fly" deal is working hard for attention. Still, it cannot obscure the carrier's deeper problems. Once a star of European aviation, Wizz Air is under pressure from its tumbling share price, war-related challenges, and some dubious decisions. The new deal comes with so many caveats as to render it …
Amazon is expected to go a step closer to its promise of delivering packages through drones in the UK. The Civil Aviation Authority has cleared the way for trials where drones can fly beyond the line of sight of human controllers. The tests are part of a large program that involves the testing of advanced …
Cisco Systems is a great technological company that is going to cut its workforce by approximately 6,000 people, amounting to 7 percent of the workforce, due to restructuring. Cisco Systems will shift its focus towards Artificial Intelligence and cybersecurity due to the changing nature of the market. Revenues have been going down, but still, Cisco …
The US is poised to break up Google after a court's ruling that the giant company has created an illegal monopoly. The breakup would involve drastic changes, such as selling its Android operating system or Chrome browser. The article considers the many different ways this could go and respective reactions to this momentous decision. The …
The UK government has released £13.5 million from a fund worth £100 million to bail out workers and businesses hit by Tata Steel's job cuts at the Port Talbot plant. The money is to assist local firms in finding new markets as Tata moves to greener production, for workers to acquire new skills and jobs …
Interest rates may be cut by the Bank of England this year despite the rise in UK inflation. Traders bet the BoE to cut rates soon, with more cuts probably on their way. But the central bank is cautious, trying to weigh efforts for keeping inflation at bay against boosting economic growth. Some experts were …
A minister dodged questions on increases to train drivers' pay.In an interview, the Education Secretary, Bridget Phillipson, was evasive on how a 14% pay rise for train drivers will be funded. The rise, agreed upon to bring an end to rail strikes, raises questions over the financial implications, but Phillipson, asked four times, insisted that …
Global stocks surged as retail sales in America beat all expectations. Fears over a recession continue to wane and despite very high rates of interest, American consumers refuse to be cowed and continued to spend, thus bailing out the economy. This triggered the stock markets to rebound sharply, with Wall Street and FTSE 100 both …
The UK economy had strong growth in the first half of 2024, outperforming other G7 countries. Still, this solid recovery is complicating the budget strategy of the new Labour government. Chancellor Rachel Reeves faces hard choices on tax rises and spending cuts when the economy is slowing, in the Autumn Budget. The UK economy has …
Hong Kong billionaire Li Ka-shing, already a major player in the UK's infrastructure, has expanded his influence by purchasing 32 onshore wind farms for £350 million. The deal not only strengthens his hold on Britain's energy market but also opens opportunities for upgrading these sites with more powerful wind turbines. Li Ka-shing, Hong Kong’s richest …
Wall Street rebounded Wednesday, tracking gains in both the FTSE 100 and European stocks, after US inflation dropped to a three-year low. The annual rate of inflation in the US dropped to 2.9% last month, raising hope for a possible interest rate cut by the Bank of England. Wall Street rebounded Wednesday, tracking gains in …
The UK now sits on the brink of a critical judgment regarding AstraZeneca's proposed vaccine plant, with reports that the ruling administration will axe funds that will simply see this investment heading abroad. This article investigates why the UK has to win in securing this investment in order to get growth started for long-term benefits. …
