Liz Truss has u-turned on her plans to scrap the rise in corporation tax, in the controversial “mini-budget”, after she sacked Kwasi Kwarteng. Since the mini-budget was announced two weeks ago, the cost of government borrowing has soared plummeting the value of the Pound Sterling. Liz Truss told the Downing Street press conference on Friday…
Under pressure from its MPs, the government has been forced into a series of embarrassing U-turns since the mini-budgets, including climbing down on a plan to scrap the top rate of income tax. Experts believe that chancellor Kwasi Kwarteng will have to row back on more of his tax cuts or drastically cut public…
Kim Kardashian has been fined £1.2m ($1.26m) by the US Securities and Exchange Commission for advertising EthereumMax on her Instagram page. According to US Securities and Exchange Commission said the reality TV star had received £250, 000 for advertising the cryptocurrency without disclosing she has been paid to do so. She agreed to pay the…
Chancellor Kwasi Kwarteng says the proposals announced just ten days ago in the mini-budget, had become a distraction and the government is abandoning its plan to abolish the top rate of income tax for the highest earners. In a statement, he said: “It is clear that the abolition of the 45 p tax become a…
An increase in National Insurance is reversed and low-tax investment zones will be set up across the UK. The cap on banker’s bonuses is lifted and a planned rise in corporation tax from 19 per cent to 25 per cent in April 2023 was scrapped. The basic rate of income tax is cut to 19p…
Jamie Flore Higgins, one of the few women at the highest ranks of Goldman Sachs, spurred on by the obligation to her working-class immigrant family, rose through the ranks and saw it all: out-of-control, lavish parties flowing with never-ending drinks, affairs flouted in the office, rampant drug abuse, and most pervasively, a discriminatory culture…
Daniel Lavelle’s Down and Out, reveals his own experiences as well as those of witty and complex, hopeful individuals he has encountered who have been shunned or forgotten by the state that is supposed to provide for them- in order to shine a powerful light on this dire situation. Daniel Lavelle, a freelance feature writer,…
In the past when the oil prices rose, Saudi Arabia, which sits on an estimated 80 years of oil reserves at the current rate of production, came to the rescue with a positive response, but during the 2008 spike that pushed the oil to $147 per barrel, Riyadh’s oil ministry formed a team to protect…
After the 2008 financial crisis, when the critical attention shifted from the economy to the most fundamental feature of all market economies, money, 2022, is turning out to be the year that puts the politics back into the monetary policy, with the impending fight for the next Conservative party leader between Rishi Sunak and Liz…
An investigation of how the Nazis helped German tycoons make billions from the horrors of the Third Reich and World War II and how the world allowed them to get away with it. When Porsche makes its planned public debut later this year, the descendants of the sports car manufacturer’s eponymous founder an SS…