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Amazon moves to defend UK tax contribution after bonanza COVID crisis sales
Amazon has defended its contribution to the UK economy as 2020 accounts show its UK support arm paid £18.3m in corporation tax as coronavirus crisis demand meant total group revenues passed £20bn in the country.The online retail giant said it handed £492m directly to the UK taxman last year – up from £293m in 2019 …
Business
Euro News
First space, now immortality: Jeff Bezos reportedly invests in an eternal life start-up
Business
Euro News
Bitcoin battered and bruised as El Salvador officially adopts the crypto as a legal currency
Business
Sky News
Triple lock on pensions will be temporarily scrapped for a year from April
The government is suspending the triple lock on pensions for one year from April 2022, Therese Coffey has announced.The work and pensions secretary said the state pension will rise by inflation next year to make the system more “fair”. A surge in wages would have qualified pensioners for a 8% hike in pensions if the …
Business
Sky News
Business groups say NI hike will hold back jobs growth at crucial moment in recovery
Business groups have criticised plans for a National Insurance hike as a drag on jobs growth just as firms seek to recover from the COVID-19 crisis.The 1.25 percentage point increase in NI contributions is intended to pay for reform of the social care system. But the British Chambers of Commerce (BCC) said it would hit …
Business
Sky News
Sums add up for Hammond as he takes stake in ‘ethical fintech’ Algbra
Lord Hammond, the former chancellor, is taking a stake in a London-based technology company which aims to target underserved customers with a range of financial products.Sky News can reveal that Lord Hammond, who served as finance minister under Theresa May, is among a syndicate of investors who are backing Algbra, a new digital finance provider. …
Business
Sky News
What are the changes to social care and how much will people have to pay?
Boris Johnson has announced a major shake-up of social care funding in England.A hike in National Insurance will pay for a pledge made when Mr Johnson became prime minister in 2019 to “fix the broken care system”. However, this means he will be breaking his promise to not raise taxes, which has angered Tory backbenchers.Mr …
Business
Sky News
Rules on waste water discharge eased due to supply shortages linked to Brexit and pandemic
Waste water plants have been told they may be allowed to discharge effluent that has not been properly treated due to chemical shortages caused by Brexit and the pandemic.The Environment Agency (EA) has issued new guidance to water and sewerage companies, which normally release waste water under the conditions of a permit. It said some …
Business
Sky News
PM announces 1.25% National Insurance hike to pay for social care
National Insurance contributions will rise by 1.25% to pay for the social care system in England in a bid to end the “unpredictable and catastrophic costs” faced by many.A social care package, which the prime minister has called “the biggest catch-up programme” in the NHS’s history, will be funded through a new, UK-wide 1.25% health …
Business
Euro News
Solana (SOL) cryptocurrency reaches new high as altcoins rival Bitcoin and Ethereum. Here’s why
Business
Business Live
Examiner YorkshireLive Business Awards 2021 launched as firms urged to apply after a year like no other
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Business
Business Live
Malhotra Group gets £15m funding package to expand care division
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