Author: News Desk

No commitment yet to cut banking surcharge after corporation tax U-turn, leaving sector face headline tax rate of 33% UK banks are steeling themselves for a windfall tax by stealth as the new chancellor, Jeremy Hunt, tries to plug a £40bn hole in the public finances. City lobbyists are concerned that banks will not be compensated for Hunt’s U-turn on corporation tax, which will now mean the levy rises from 19% to 25% next year. Continue reading… ​No commitment yet to cut banking surcharge after corporation tax U-turn, leaving sector face headline tax rate of 33%UK banks are steeling themselves…

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International Centre of Justice for Palestinians says diplomatic move in Israel in breach of international obligations A legal group that supports the rights of Palestinians has written to Liz Truss to tell her that it plans to launch a judicial review in an attempt to block any UK government movement of the British embassy in Israel to Jerusalem. The International Centre of Justice for Palestinians (ICJP) has commissioned a legal opinion in support of its argument that such a move would be in breach of the government’s international obligations. Continue reading… ​International Centre of Justice for Palestinians says diplomatic move…

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Why are you still here? – Starmer Labour leader says the only mandate the PM has ever had was built on fantasy economics and ended in disaster. He says the country has nothing to show for it except the destruction of the economy and the imposition of the Tory party.  Starmer then mentions Monday’s mini-Budget being ditched. “Her chancellor is gone as well, so why is she still here?” Starmer asks. Why should Brits trust Tories with economy? Starmer says Truss is the one now asking questions because Labour are the government-in-waiting whilst the Tories are the opposition-in-waiting. He says…

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Economist says sector’s financial stability is worrying as firms have borrowed heavily to pay dividends Water companies are struggling to hold their finances in order as interest rates rise on the huge debts they have taken on to pay dividends, according to a leading economist. Dieter Helm, a professor of economic policy at the University of Oxford and an adviser to governments, said there were worrying signs from water companies about their financial stability as the economic crisis pushes up interest rates. Continue reading… ​Economist says sector’s financial stability is worrying as firms have borrowed heavily to pay dividendsWater companies…

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