“Both those businesses make very, very little money in the UK, they are international businesses and they are held up saying ‘look how much money they are making let’s go and tax them and fund it’ and that’s why, despite that huge hike you have seen already in marginal taxation in the North Sea, it doesn’t raise much money.”
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UK exports to European Union drop 40% in January
admin, , Business, 0
However, the head of economics at the British Chambers of Commerce, Suren Thiru, said: “The significant slump in UK...
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Petrol prices fall to lowest level in two years
admin, , Business, 0
The RAC, which has criticised supermarkets and petrol retailers over pricing, said petrol falling to £1.43 on average –...
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GameStop and AMC: UK trading platform IG stops new trades
admin, , Business, 0
Lots of big investment firms, such as hedge funds, had bet on GameStop to lose a lot of value,...
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Heather Mills’ vegan food company goes into administration
admin, , Business, 0
James Clark, joint administrator and managing director at Interpath Advisory, said: “VBites is one of the UK’s leading manufacturers...
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Boeing whistleblower says he was put through ‘hell’
admin, , Business, 0
Another hearing witness, former Boeing manager Ed Pierson, who is now the executive director for the Foundation for Aviation...
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US faces baby formula ‘crisis’ as shortage worsens
admin, , Business, 0
Democratic Representative Rosa DeLauro also said she was concerned the Food and Drug Administration – which regulates formula makers...
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Forget Frankfurt and Paris, says Barclays boss
admin, , Business, 0
“What the UK needs and London needs, is to make sure that the city is one of the best...
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Virgin Orbit: Branson’s rocket dream ends after mission failure
admin, , Business, 0
Rival start-up Rocket Lab has bought most of Virgin Orbit’s headquarters in California as well as other assets. The...
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