Category: tackle
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Lloyds CEO applauds Treasury move to tackle motor finance mis-selling
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Charlie Nan, CEO of Lloyds Banking Group, welcomed the government’s decision to interfere in the issue of poor sale of historical cars financing, and expressed his hope that this will help in achieving clarity in an industry that is subject to legal and regulatory pressure. His comments following the Ministry…
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A startup city in Kenya tries to tackle Africa’s problem of urbanizing while poor
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Breadcrumb links PMN BMN Business Article writer: Associated Press Adrian Bloomfield Posted on January 12, 2025 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content KIAMBO, Kenya (AP) — When you turn into Tatu City…
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Labour backs £15m rescue fund to tackle food waste and feed those in need
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Labor ministers have thrown their support behind a £15 million government plan to rescue surplus food from UK farms – often thrown away or fed to animals – and distribute it to homeless shelters, food banks and charities, especially over the festive period. The fund, originally promised by Michael Gove…
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Government plans £100m annual levy on gambling firms to tackle harms
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Casinos and bookmakers across Great Britain are set to face a mandatory annual tax of £100 million to fund research, education and tackling gambling-related harms, under new government proposals expected to be announced soon. The move aims to replace the current voluntary donation system with a statutory tax, forcing gambling…
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Sardinia is urging visitors to stay off the beaches and explore the island during the off-season—in a bold move to tackle mass tourism
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The Italian island of Sardinia suffers from a tourism problem. A few seasons ago, it issued regulations to control overcrowding on its world-famous beaches. These restrictions include restricted access, advance reservations and a towel ban. Now, some tourism experts and operators want to expand the island’s image from being a…
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Wales considers 25% income tax cut to tackle rural depopulation and ‘brain drain’
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The Welsh government is considering introducing tax cuts to stem the tide of people leaving the country, especially from rural areas, and to preserve the Welsh language. Inspired by Spain’s Castilla-La Mancha, where rural residents are offered a 25% income tax cut, the Welsh-speaking Communities Commission has recommended a similar…
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Wales considers 25% income tax cut to tackle rural depopulation and ‘brain drain’
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The Welsh government is considering introducing tax cuts to stem the tide of people leaving the country, especially from rural areas, and to preserve the Welsh language. Inspired by Spain’s Castilla-La Mancha, where rural residents are offered a 25% income tax cut, the Welsh-speaking Communities Commission has recommended a similar…
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Urgent reforms needed to tackle mounting debt crisis in Africa
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Africa’s debt stocks have grown significantly over the past decade. Understandably, African governments took advantage of historically low interest rates in the 2000s and borrowed heavily from international capital markets and China. But debt has become more expensive lately. Since 2020, the impacts of COVID-19 and the ongoing war in…
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Conservatives Pledge £730m to Tackle ‘Sick Note Culture’
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The Conservative Party has pledged nearly £730 million to support mental health treatment in England, aiming to tackle rising social care costs if it wins the next general election. This initiative is designed to reduce the economic burden of £12 billion a year by facilitating employment for an additional 500,000…
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Labour to Tackle Private Equity Tax Loophole in Election Manifesto
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Labor is set to announce measures to close a major tax loophole that currently allows thousands of private equity investors to avoid paying income tax. The initiative will be a key feature of the party’s general election manifesto, which is expected to be unveiled this week. Currently, gains from private…