Rishi Sunak squirms under questioning by former culture minister who says his refusal to scrap the tourist tax is harming the economy

Dame Caroline Dinenage said Government’s failed to take advantage of Brexit The Mail’s Scrap The Tourist Tax campaign has won cross-party support  By Harriet Line Deputy Political Editor Published: 01:25 GMT, 20 December 2023 | Updated: 01:30 GMT, 20 December 2023 Rishi Sunak was yesterday made to squirm by a former culture minister who warned … Read more

How much will the Bank of England hike interest rates by tomorrow?

How much will the Bank of England hike interest rates by tomorrow? Slowing inflation boosts expectations of a 0.5% rise to 3.5% Market forecasters expect the BoE to hike rates by 50bps to 3.5% Annual inflation fell from 11.1% in October to 10.7% in November, the ONS said BoE must fight inflation while refraining from … Read more

AUTUMN STATEMENT LIVE: Hunt hikes income taxes and CGT and cuts spending

AUTUMN STATEMENT LIVE: Hunt puts 45p tax at £125k, stages a stealth income tax raid on all and slashes CGT and dividend allowances Chancellor Jeremy Hunt unveiled tax hikes and spending cuts across the UK ONS figures published on Wednesday showed UK inflation has reached 11.1%  By Jane Denton For Thisismoney Published: 07:39 GMT, 17 … Read more

Arthur Scargill returns to the picket lines for second time as he joins rail workers on strike

Former leader of the National Union of Mineworkers Arthur Scargill has been spotted on the picket line for a second day – standing in solidarity with Mick Lynch’s mass rail strikes. The far left firebrand was previously seen with strikers from The National Union of Rail, Maritime and Transport Workers (RMT) at Westgate Train Station … Read more

US hedge fund circles British housebuilder Countryside 

US hedge fund Inclusive Capital Partners circles British housebuilder Countryside with £1.5bn bid By Daily Mail City & Finance Reporter Published: 21:55 BST, 6 June 2022 | Updated: 09:46 BST, 7 June 2022 US hedge fund Inclusive Capital Partners is attempting a hostile £1.5bn takeover of Countryside Partnerships A US hedge fund has stepped up … Read more

THG shares soar as bidding war looms for online beauty retailer

Shares in THG soar as investors prepare themselves for prospect of multibillion-pound bidding war for online beauty retailer THG stock rose by 24.5%, sending its value up by almost £400m to £1.8bn  Company said it had rejected bid approach from Belerion and King Street Property mogul Nick Candy announced his intention to take over THG … Read more

Royal Mail at a ‘crossroads’: Should investors take the plunge?

Royal Mail has admitted it is at a ‘crossroads’ and needs to urgently transform its operations if it is to survive and thrive in post-pandemic Britain. Parcel demand and profits have fallen at the group over the past year and boss Simon Thompson’s proclamation that ‘we have no time to waste’ has unnerved investors and … Read more

UK supermarkets slash hundreds of prices as inflation exacerbates cost-of-living crisis

Supermarkets are slashing the prices of hundreds of products as customers face a cost-of-living crisis – with Asda and Morrisons reducing the cost of tea bags, eggs, meat and cereal by up to 13 per cent on average. As part of plans to invest £73 million and supports its staff, Asda is also increasing the … Read more

Industrial parts distributor Diploma sees shares jump 10%

Industrial parts distributor Diploma shares jump 10% as London-listed firm boosts outlook and pushes ahead with acquisition plans Diploma shares jumped sharply today amid group’s latest upbeat forecasts  By Jane Denton For Thisismoney Published: 10:13 EDT, 12 April 2022 | Updated: 11:29 EDT, 12 April 2022 Diploma shares surged on Tuesday after the group said it … Read more