Category: UKs
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Recruiting 5,000 new HMRC compliance officers just first step in fixing UK’s tax system, says Blick Rothenberg
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With just over three weeks to go until the Budget, the Government’s plan to recruit 5,000 new compliance officers into HMRC has been welcomed by leading audit, tax and business consultancy Blick Rothenberg. However, the company warns that these recruitment efforts are only a small step towards fixing deep-rooted problems…
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How the UK’s Crypto Market is Growing in 2024
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The UK cryptocurrency market will witness dynamic development in 2024, driven by technological advances, regulatory updates and changing consumer preferences. This article explores the dynamics of this growth, focusing on key areas such as cryptocurrency casinos, regulatory frameworks, market competition, technology integration, consumer behavior, and future trends. Cryptocurrency adoption is…
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Cornish Lithium mine granted special status to power UK’s electric vehicle ambitions
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Angela Rayner, the Secretary of State for Housing, Communities and Local Government, has backed plans to turn the disused Trelavor clay mine near St Austell into a major lithium mine, a move that could significantly boost the UK’s battery manufacturing capabilities. The site, operated by Cornish Lithium, is expected to…
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Blinken, UK’s Lammy visit Ukraine in show of support at key juncture in war By Reuters
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By Daphne Psaledakis and Olena Harmash KIEV (Reuters) – U.S. Secretary of State Antony Blinken and British Foreign Secretary David Lammy arrived in Kiev on Wednesday for a series of meetings with senior Ukrainian government officials at a crucial stage in the war against Russia. Blinken said he wanted to…
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Aldi poised to overtake ASDA as UK’s third largest grocer within five years
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ASDA is set to lose its place as the UK’s third-largest grocery chain, with Aldi set to overtake it by 2028, according to analysis by GlobalData, a leading data and analytics company. The forecast comes as Asda faces a range of challenges, including leadership turmoil, labour disputes and shrinking market…
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UK’s PMI rises to two-year high of 52.1 in July
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Joseph Clark The seasonally adjusted S&P Global Manufacturing Purchasing Managers’ Index (PMI) for the UK rose to a two-year high of 52.1 in July, up from 50.9 in June and the previous flash estimate of 51.8. Key findings include: Fastest output growth since February 2022; higher input price inflation to…
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UK’s new Treasury chief says previous government ‘covered up’ financial turmoil ahead of election
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Danica Kirka Published on July 29, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content LONDON (AP) — Britain’s new Chancellor of the…
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UK’s flash composite PMI reading at 52.7 in July
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Joseph Clark The seasonally adjusted global PMI for the UK rose from 52.3 in June to 52.7 in July, slightly higher than 52.6. The services PMI came in at 52.4, up from 52.1 in June, its highest level in two months. flash The manufacturing PMI came in at 51.8, up…
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Biden called to congratulate UK’s Starmer, White House says By Reuters
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WASHINGTON (Reuters) – U.S. President Joe Biden called Britain’s new Prime Minister Keir Starmer on Friday to congratulate him after his Labour Party’s landslide victory in parliamentary elections, the White House said. “The two leaders affirmed the special relationship between our two countries and the importance of working together to…
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UK’s Labour sweeps to power as Rishi Sunak concedes election defeat
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Keir Starmer will be Britain’s next prime minister, and his Labour Party is expected to win a large majority in the parliamentary election, ending 14 years of often turbulent Conservative government by defeating Rishi Sunak’s party. While there are still many results to be announced from Thursday’s vote, the centre-left…
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Wealthy Britons disillusioned with UK’s business environment, survey reveals
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With polls opening in less than 24 hours, Wealth Club, an investment platform for wealthy and sophisticated investors, has revealed its inaugural UK Wealth Report. The study highlights the current sentiments of UK HNWIs regarding wealth creation, tax policies and the attractiveness of the UK as a business hub. Nicholas…
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UK’s Energy Security at Risk Due to Political Policies, Warns Serica Energy
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Rishi Sunak and Sir Keir Starmer are putting the offshore oil industry at risk and undermining Britain’s energy security, according to a leading oil and gas firm. David Lattin, the chairman of Serica Energy, has been highly critical, saying that unpredictable taxes and political opposition have made the UK the…
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Revolut Enters The Crypto Exchange Arena By Launching Revolut X; UK’s Newest Digital Asset Trading Platform
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Image from Coin Journal In the rapidly evolving world of digital finance, the emergence of dedicated cryptocurrency exchanges has become an important trend, as traditional financial institutions increasingly embrace the potential of this thriving market. One such player that has recently made its foray into the cryptocurrency exchange scene is…