Apple has suffered a major setback in its long-running tax dispute with the European Union, as the European Court of Justice ruled that Ireland had granted the tech giant “unlawful state aid.”
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
F1 design legend Adrian Newey joins Aston Martin in bid for world championship
Adrian Newey, widely regarded as the greatest designer in Formula 1 history, has joined Aston Martin as managing technical partner, with a mission to lead the team to a world championship.
Labour urged to consider £9bn tax on staff pensions to curb government spending
Rachel Reeves is being urged by the Resolution Foundation to implement a £9bn tax on pension contributions in the upcoming Budget to address rising government spending.
Think tank urges Labour to consider inheritance and road pricing in budget proposals
The Resolution Foundation has recommended that Rachel Reeves consider significant tax changes in the upcoming Budget, including increases to inheritance and capital gains taxes, to address the rising fiscal challenges faced by the government.
Entain bounces back with strong online gambling growth as new CEO settles in
Entain, owner of Ladbrokes and Sportingbet, sees early success under new CEO Gavin Isaacs as online revenues return to growth, boosted by sports events like Euro 2024 and the Olympics.
Labour finalising £500m rescue for Tata Steel’s Port Talbot plant
The UK government is nearing completion of a £500 million rescue package for Tata Steel’s Port Talbot plant, following the closure of its blast furnaces.
Two million self-employed workers face pension crisis, warns IFS
Nearly two million self-employed workers in the UK are facing a looming pensions crisis due to inadequate savings, the Institute for Fiscal Studies (IFS) has warned.
Lowest-paid workers set for 6% minimum wage boost amid concerns from businesses
Over a million low-paid workers in the UK are set to receive a wage increase of about 6% next year, as the government pledges to raise the national living wage to £12.10 an hour.
Santander tightens hybrid working rules, urging staff back to the office
Santander has tightened its hybrid working policy, instructing its UK office-based staff to work the equivalent of three days a week at its offices.
British journalist accuses Barclaycard of anti-semitism over credit card dispute
Martin Blackham, a UK journalist reporting from Israel, lodges a formal complaint against Barclaycard, alleging anti-Semitism after a credit limit dispute. He urges Barclays CEO C.S. Venkatakrishnan to take immediate action.
Google accused of exploiting advertising dominance to overcharge publishers
Google has been accused by the UK’s Competition and Markets Authority (CMA) of abusing its dominance in the online advertising market, allegedly overcharging publishers and stifling competition.
Body Shop rescue deal secures 113 stores and over 1,000 jobs
The Body Shop has been saved from administration in a rescue deal led by cosmetics tycoon Mike Jatania, securing 113 stores and safeguarding more than 1,000 jobs.
Labour’s VAT on private school fees faces high court challenge over human rights concerns
Labour’s proposal to impose VAT on private school fees from January is facing a High Court legal challenge on grounds that it breaches human rights law.
Banks to gain new powers to freeze large payments for fraud checks
Banks in the UK will soon be granted new powers to freeze large payments for up to four days as part of updated fraud prevention measures set to take effect this autumn.
Onlyfans’ Ukrainian-born owner Radvinsky reaps £1bn from adult content platform
OnlyFans, the subscription-based website best known for its adult content, has paid out £1 billion to its Ukrainian-born owner, Leonid Radvinsky, since he acquired the company six years ago.
