news - Uptrends

Budget 2024: Minister refuses to rule out tax increases for people earning more than £100,000 | Politics news – Uptrends

October 21, 2024 by Uptrends

A government minister refused to rule out increasing taxes on those with the highest incomes. Stephen Kinnock dodged the question nine times when Sky News correspondent Kay Burley asked whether people earning more than £100,000 a year were “working people”, under Labour’s definition. The Labor Party manifesto pledged not to increase National Insurance, VAT, or … Read more

Doubts are growing about the Reaction Engines rescue deal with the UAE Fund Business News – Uptrends

October 20, 2024 by Uptrends

The prospects of a rescue deal for Britain’s hypersonic aviation pioneer appeared to have dimmed this weekend when it emerged that talks with a Gulf-based government fund had stalled. Sky News has learned that negotiations between Reaction Engines and the UAE Strategic Development Fund, the investment arm of the Emirati Tawazun Council, about consolidating the … Read more

Budget 2024: The Minister of Health warns of “difficult and big choices” | Politics news – Uptrends

October 20, 2024 by Uptrends

The Minister of Health warned of “difficult and big choices” in the budget, as he refused to rule out freezing tax thresholds. Wes Streeting told Sky News’ Sunday Morning with Trevor Phillips that the government “can’t fix 14 years in one budget” and there are a lot of choices “we have to make that we’d … Read more

Whitehall presents plan to exchange crisis-hit post office | Business News – Uptrends

October 19, 2024 by Uptrends

Ministers are exploring plans to hand ownership of the Post Office to thousands of subpostmasters across Britain in a landmark shake-up for the 364-year-old institution. Sky News has learned that the Department for Business and Trade (DBT) has asked BCG, a management consultancy, to study Post Office exchange options. The work is said to be … Read more

3i picks bankers to swallow pet food company Applaws for £500m | Business News – Uptrends

October 19, 2024 by Uptrends

3i Group, the listed private equity group, has selected bankers to sell the pet food manufacturer behind leading brands including Applaws. Sky News has learned that 3i has appointed Harris Williams to run the MPM auction four years after it bought a controlling stake in the company. MPM, based in Manchester, was founded in 2002 … Read more

Settlement with former President Dancker “cost the British Central Bank £500,000” | Business News – Uptrends

October 18, 2024 by Uptrends

Tony Danker, the former director-general of the Bank of Britain, will receive nearly £500,000 from the business lobby group in a settlement reached almost a year after he was ousted in the midst of a wider sexual misconduct scandal. Sky News has learned that Mr Danker, who left the organization in April 2023, concluded a … Read more

BrewDog founder says entrepreneurs will abandon UK if capital gains tax increases | Business News – Uptrends

October 18, 2024 by Uptrends

The founder of BrewDog has claimed that entrepreneurs will abandon Britain if capital gains tax is increased. James Watt, founder of the brewery and pub chain, told Sky News that a significant increase in the tax would “do much more damage to our economy” and deal a devastating blow to every household’s prosperity. Mr. Watt, … Read more

Energy retailer Ofo poachs Monzo CFO amid sale talk | Business News – Uptrends

October 17, 2024 by Uptrends

Britain’s fourth-largest home energy supplier has poached a senior executive from digital bank Monzo, as it explores options that could lead to a change in ownership. Sky News has learned that OVO has appointed James Davies, who has worked for companies including William Hill and Purplebricks, the online estate agent, to become the company’s new … Read more