Cliff Nicholls manages two trampoline parks and indoor play centers: one in Tamworth in the West Midlands, the other in Bolton, Greater Manchester. He already feels pressure from the latest government’s budgetary measures and has been forced to abandon other investment plans. “The national increases in the minimum wage to come in April, combined with … Read more
The family behind Lakeland, one of Britain’s most prominent privately owned retailers, is exploring a sale after more than 60 years amid growing cost pressures sweeping the industry. Sky News has learned that Lakeland, controlled by founder Alan Rayner’s three sons, has appointed advisers to assess the appetite of potential buyers for a deal. Lakeland, … Read more
River Island, the privately owned fashion retailer, is preparing to exercise tighter control over its cost base as the general public faces the prospect of big tax hikes in April. Sky News understands that River Island, which is owned by the Lewis family, has brought in AlixPartners to work on a cost-cutting and profit-improving exercise … Read more
The rugged mountains, limestone caves and spectacular waterfalls of Bannau Brycheiniog – the Brecon Beacons – attract visitors from all over the world. Tourism is an essential part of the local economy. But local attractions say the industry would be devastated by the Welsh Government’s decision. plans for a night tourist tax. “In an area … Read more
A British hedge fund trader has been sentenced to 12 years in prison in Denmark for a billion-pound tax fraud. Sanjay Shah54, was behind a business scheme known as ‘cum-ex’ which fraudulently obtained 9 billion Danish kroner (£1 billion) in dividend tax refunds from the Danish Treasury between 2012 and 2015. Shah, who appeared in … Read more
Labour’s rural problem has resurfaced. This time the government faces fierce opposition modification of inheritance tax. Unless a breakthrough is made, Labour’s rural problem risks becoming everyone’s problem. The protesters showed no signs to move back on Tuesday. Farmers from all over rural Britain got up in the middle of the night to begin their … Read more
President-elect Donald Trump has promised to impose across-the-board tariffs on goods imported from some allies and adversaries, saying foreign countries would pay those taxes to the U.S. Treasury. But it is American consumers who would open their wallets to pay the customs duties. Correspondent David Pogue speaks with Dartmouth economics professor Doug Irwin about the … Read more
Former Harry Potter star Rupert Grint has been ordered to pay £1.8million in tax. The Ron Weasley actor lost a legal battle with HM Revenue and Customs in 2019 and was ordered to pay the sum following an investigation into his tax return for the 2011-12 tax year. Squeak had received a sum of £4.5 … Read more
Tax rises announced in the recent Budget will hit businesses rather than boost growth, the head of one of the UK’s biggest business groups warned on Monday. The Confederation of British Industry (CBI) has joined a chorus of voices opposing Chancellor Rachel Reeves’ tax measures, which Labor says are needed to plug a £22 billion … Read more
Pizza Hut’s largest UK franchisee has started contacting potential bidders as it works to mitigate the looming impact of tax rises announced in last month’s Budget. Sky News has learned that Heart With Smart (HWS), which operates around 140 Pizza Hut restaurants, has asked its advisers to find a buyer or raise tens of millions … Read more