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…
With the advent of Covid-19 which inspired working from home, as many as 300 Wipro employees’ were fired for moonlighting, as they took advantage of working from home and worked parallelly with another company. Digital India has the means to expose the culprits. Wipro’s motto is “everything starts with an ambition” but when this becomes…
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…
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…
The Bank of England’s (BoE) Monetary Policy Committee has announced interest rates are rising from 1.25 per cent to 1.75 per cent. Interest rates have crossed the highest level since December 2008 after the biggest single rise since 1995, favoured by eight of the nine members of the BoE’s Monetary Policy Committee who voted…
Inflation is here to stay, with rising prices and a “cost of living crisis” at the top of the economic, political, and social agenda. The central banks and monetary policy have again come under the spotlight. While the issues change, the debate over how monetary and financial stability can best be sustained abides, Twenty-First Century…
Paying in cash, like using a payphone or typewriter, is often sniffed in our cashless society, as your pound and penny coins, and notes are treated as inconvenient and dirty products of the past, and wonder who gets left behind? Are we seeing the end of true privacy as the cashless future take-over? You could pay…
Caroline Knowles delves into London’s plutocrat’s paradise with more resident billionaires than New York, Hong Kong, or Moscow. Far from trickling down, their wealth is burning up the environment and swallowing up the city. Knowles walks the streets of London from the City to suburban Surrey Via Kensington, Notting Hill, Mayfair, and elsewhere. Her walks…
“Londongrad” is a phenomenon brought to the fore by Vladimir Putin’s savage attack on Ukraine, with Britain’s Liz Truss slamming the Oligarchs and their associates on the floor of the House of Commons. The British establishment and its financial system provide for dirty money from the post-Soviet era and elsewhere may be seen as an…