Truss U-turns on her plans to scrap the rise in corporation tax

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…

Bank of England moves to calm the markets

  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 fined $1.26m by SEC

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 Kwaerteng unveils tax cuts

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…

Life of abuse at Goldman Sachs

  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…

Powerful Memoir of homelessness in the UK

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,…

Currency must be defended from democratic interference

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…