Business
Business owner fights back tears as she discusses impact of Brexit uncertainty
A business owner had to fight back the tears after discussing the impact Brexit uncertainty will have on operations and the livelihood of her staff. Speaking to BBC News Sue Wynn-Jones, a horticulturist who runs Crug Farm Plants in North Wales, said two-thirds of their business is in Europe and that a turbulent departure from the union could close the company. As she begins to tell the reporter what impact the uncertainty is having on her business she had to...
Concerns money laundering could increase in rush to secure post-Brexit trade deals
The Treasury Committee has warned that the UK must get a grip on money laundering and that is could even increase post-Brexit. The Committee concluded that efforts to fight money laundering in the UK is “highly fragmented.” at the moment. They urged the government not to ignore the seriousness of economic crime in a rush to secure new trade deal in the post-Brexit political environment. Committee chair Nicky Morgan said government should not "bow to buccaneering regulatory pressures” The Treasury...
No-deal Brexit would push UK economy into recession
In more unsettling Brexit news, it has been reported that in a No-deal Brexit scenario the UK economy would tank. According to the OECD (Organisation for Economic Cooperation and Development) the UK economy would slide into recession and growth would plunge under 1 per cent. Even if there is a smoother Brexit the OECD believes that UK economic growth would fall to 0.8 per cent, following on from 1.4 per cent growth in 2018. The last time UK growth was...
Third of British billionaires have moved to tax havens
It has been revealed that a third of British billionaires have moved to tax havens over the past ten years. By becoming non-UK resident for tax purposes, wealthy people can avoid 38.1% in UK income tax on dividends and 20% in capital gains tax on the sale of shares. The investigation was carried out by The Times newspaper, who found that 28 out of 93 British billionaires have moved to tax havens or are in the currently making plans to relocate....
London employers struggle to find the talent they need to fill job roles
London employers are struggling to find the talent they need to fill job roles, new data has revealed. There was a 6.6 per cent decline in candidate applications for new roles last month as Brexit uncertainty grips the market. Although London’s job market has remained largely resilient over the past few years there is a notable sense that professionals may be feeling tentative about making their career move. Average salaries for new roles in London rose by 2.1 per cent...
Arron Banks has won planning battle against residents he described as “bleeding heart liberals”
Controversial Brexiteer Arron Banks has won a planning battle against residents he described as "bleeding her liberals" and "rich soft Tories". The Leave.EU campaigner is director of a development company which wants to build six luxury homes in Bath, Somerset. Construction began a year ago but was suddenly halted in December when the contractor went into administration. Arron Banks - Credit:SWNS Residents then objected to the buildings, claiming some were bigger than the plans stated and others were in the...
HMRC urges business owners in London to make sure they are ready for no deal
HM Revenue and Customs (HMRC) is urging business owners in the Greater London area to prepare now and consider three steps to ensure their businesses can continue to trade with the EU if the UK leaves the EU without a deal. The first step businesses need to take is to register for an Economic Operator and Registration Identification (EORI) number. UK businesses that have only ever traded inside the EU will not have an EORI number. In the event of...
‘Absolute scandal’ if Scottish renewable projects are awarded to foreign firms
BiFab Trade Unions Warn: Prospect of no work from renewables projects would be ‘an absolute scandal’ BiFab trade unions GMB and Unite have warned that the prospect of no work coming to Fife from two major Scottish offshore renewables projects would be ‘an absolute scandal’. The Moray East and Kincardine offshore wind farm projects have a total value of around £2.8 billion and BiFab’s new Canadian owners DF Barnes have been actively pursuing contracts from both. However, the fabrication work...
Watch – Fantastic Brexit takedown from man losing job at Honda has gone viral
Honda is going to shut its Swindon car plant in 2022, with the loss of about 3,500 jobs. Local MP Justin Tomlinson said he had spoken to Honda, which confirmed it was consulting with "all staff". "There is not expected to be any job losses, or changes in production until 2021," Mr Tomlinson said. Des Quinn from Unite said: "The car industry in the UK over the last two decades has been the jewel in the crown for the manufacturing...