Financial news

• Tory donors from JCB empire could face £500m bill to settle tax inquiry

  22-10-2023 19:00
  
  Exclusive: HMRC investigation into peer Anthony Bamford and his brother focuses on offshore trusts that own business empireThe influential Tory donors behind the JCB digger empire could be hit with a bill for more than £500m to settle a longrunning investigation by HM Revenue and Customs, the Guardian can reveal.The investigation into Anthony Bamford, a Tory peer, and his brother Mark, the director of a subsidiary of the Conservative party, is understood to span a complex network of offsho
  
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• New ITV rules require staff to ‘declare relationships with colleagues’

  22-10-2023 18:13
  
  Policy reportedly includes sexual relationships and friendships, and launch follows Phillip Schofield’s resignation over workplace affairITV has drawn up strict new rules requiring staff to declare all relationships with colleagues – which could even include friendships – in the wake of Phillip Schofield’s resignation earlier this year over a workplace affair, according to a report.The This Morning presenter quit after admitting that he had lied about an “unwise, bu
  
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• British Steel owner preparing to cut as many as 2,000 jobs, report says

  22-10-2023 17:57
  
  China’s Jingye Group said to be considering move as part of switch to using greener electric arc furnacesBritish Steel’s Chinese owner is preparing to cut as many as 2,000 jobs as it battles losses believed to be running at £30m a month, according to reports.The potential cuts, which amount to almost half of the Scunthorpe-based firm’s 4,500 workforce, are part of a switch to greener steel production using electric arc furnaces instead of polluting blast furnaces, which u
  
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• Christmas shoppers to buy fewer and cheaper items this year as cost of living crisis persists

  22-10-2023 17:55
  
  UK spending will be lower in real terms than last year as savings have been depleted and inflation remains high, say analystsBritons are expected to buy fewer and cheaper items this Christmas – especially online – as the cost of living crisis forces many to rein in the celebrations.While total spending will rise by 3.4% to almost £110bn in the final three months of 2023, according to retail analysts at GlobalData, shoppers will be looking for bargains and cutting back on the nu
  
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• UK must offer businesses certainty over green energy, says boss of FTSE 100 firm

  22-10-2023 17:44
  
  Miles Roberts of packaging-maker DS Smith warns manufacturing will decline unless government provides clarity about decarbonisationThe UK risks seeing its manufacturing sector fall behind rival economies if the government does not offer certainty over policies on shifting to green energy, according to the head of FTSE 100 packaging maker DS Smith.Miles Roberts, the company’s chief executive, said British government decarbonisation policy has lacked the clarity of European rivals, meaning D
  
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• ‘We are vital to London and the country’: TfL boss Andy Lord on Ulez, rail funding and HS2

  22-10-2023 14:00
  
  Transport for London’s commissioner has had to focus on cost-cutting since Covid, while fending off attacks on the ultra-low emission zone and wringing new investment out of WhitehallGiven the political scrum developing over London’s finances, funding and fares – let alone the ultra-low emission zone (Ulez) – mayor Sadiq Khan may well have wanted to pick a solid prop forward to quietly drive the capital on.Andy Lord, confirmed as commissioner of Transport for London (TfL)
  
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• Exhausted Amazon staff fight back against retail giant at global UK summit

  22-10-2023 13:00
  
  Meeting in Manchester is part of worldwide action – including Black Friday protests – over tax, market abuse and workers’ rightsIt was about 3am on a night shift in May last year when Amazon worker Christine Manno tried to retrieve a box stacked high in the warehouse in St Peters, Missouri. She was 30ft in the air, strapped to a harness and standing on the edge of the raised platform of a truck.She was recovering from operations on her injured hands for carpal tunnel syndrome,
  
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• As a global energy crisis returns the UK push for a green economy makes even more sense | Richard Partington

  22-10-2023 12:55
  
  Rishi Sunak’s decision to dilute net zero policies has become even more shortsightedEarlier this year, the world economy had a lucky escape. After a mild winter in Europe, energy prices were in retreat as the continent shifted away from Russian gas supplies. Inflation was cooling, while economic growth remained resilient.“Hello lower gas prices, bye-bye recession,” analysts at the US investment bank JP Morgan wrote in January. Less than a year later, the Israel-Hamas war serves
  
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• Looking for that plum job? Choose your boss carefully and know your strengths | Torsten Bell

  22-10-2023 11:32
  
  Moving a good manager to lead a team benefits employees and company alike, research finds. Just look at Spurs...Are you in the right job? We spend so much of our life working that this is a question people ask themselves a lot. But what actually helps match workers to the right jobs for them. Research provides more useful answers than hackneyed encouragement to think about where our passions lie.First, the right manager helps. We know managers affect firm performance (just ask Spurs), but a new
  
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• Sorry, Victoria’s Secret, your ‘woke’ rebrand failed because it was just performative pants | Barbara Ellen

  22-10-2023 11:05
  
  The lingerie brand’s feminist makeover was not only hilarious but so late to the party and hypocritical that no one bought itWhat is the appropriate response when a feminist “woke” rebrand not only fails but (whisper it) deserves to fail?For those who missed it, in 2018, lingerie company Victoria’s Secret jettisoned its signature uber-sexy catwalk shows with supermodel “Angels” to embrace a new direction more in keeping with the post-#MeToo climate.Do you have
  
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• 'I can't provide for my daughter': Disabled mum slams Universal Credit as 'not enough'

  22-10-2023 11:00 via express.co.uk
  
  Thousands of families with children have been forced to turn to informal lenders or loan sharks in the last six months due to high energy costs.
  
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• 'I've saved over £1,700 using TopCashback to feed my children despite high prices'

  22-10-2023 10:00 via express.co.uk
  
  EXCLUSIVE: Families are spending on average £6,192 per year on food - approximately £119 per week.
  
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• Liz Truss think tank warns millions face £75bn tax raid equivalent to 9p in the pound

  22-10-2023 09:15 via express.co.uk
  
  The figures come from an economics think tank set up by former Prime Minister Liz Truss.
  
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• 'I'm a finance expert - here's how to avoid three key stealth taxes and traps'

  22-10-2023 09:00 via express.co.uk
  
  A staggering 7.8 million Britons are expected to fall into the higher-rate income tax band by 2027/28 due to frozen thresholds.
  
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• 50,000 boilers to stop working tomorrow in ‘worst day of the year’. Here’s what to do

  22-10-2023 08:40 via express.co.uk
  
  Most people don't give their boiler a second thought, until it packs up. Then we realise how much we need it, as we suddenly have no heating or hot water. It's an even bigger disaster for those with gas ovens.
  
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• Inheritance tax seven-year rule that lets you gift money without paying HMRC

  22-10-2023 08:00 via express.co.uk
  
  Inheritance tax is often labelled the most hated tax, there are some ways to save thousands on the bill.
  
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• Digital euro plan is a sinister EU plot to ‘control money supply’, warn Brexiteers

  22-10-2023 08:00 via express.co.uk
  
  EXCLUSIVE: Brexiteers have told Express.co.uk why they are 100 percent opposed to central banking and digital currencies.
  
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• Britons may be able to cancel TV licence and get £159 refund - check eligibility

  22-10-2023 07:00 via express.co.uk
  
  Some people may qualify for a TV licence discount, while others may not realise they don't need one at all.
  
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