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UK’s new top taxpayer named as little-known billionaire born in Russia
A Russian-born City billionaire is the UK’s top taxpayer, according to a closely watched list.Alex Gerko, the founder of XTX Markets who has British citizenship, was deemed to have stumped up £487.4m in the last tax year by the Sunday Times Tax List. The sum is the equivalent of around £55,639 an hour, the report …
Business
Evening Standard
Russian-born mathematician biggest taxpayer in the UK last year
A mathematician who was born in Russia and has spoken out against Vladimir Putin’s war in Ukraine was the UK’s biggest taxpayer last year.The Sunday Times tax list revealed on Friday that 100 wealthy people or families contributed nearly £5.2 billion in tax in the UK last year.Nearly £1 in every £10 of this came …
Business
Evening Standard
Trade department has made progress but needs to co-operate better, says report
The Department for International Trade has “made progress” towards selling the UK as an investment destination, but needs to co-ordinate better with other authorities, the Government’s official auditors have said.The National Audit Office (NAO) found that the department – known by its acronym DIT – has supported considerably fewer cases of direct investment from abroad, …
Business
Sky News
Hunt dismisses economic ‘gloom’ as he dashes Tory hopes of tax cuts
Chancellor Jeremy Hunt has dismissed economic “gloom” in a major speech today as he promised to use “Brexit freedoms” to increase growth and productivity in the UK.Speaking at Bloomberg’s European headquarters in London, he attacked “declinism”, instead saying the country was “poised to play a leading role in Europe and across the world in the …
Business
Sky News
Chancellor dismisses economic ‘gloom’ as he dashes Tory hopes of tax cuts
Chancellor Jeremy Hunt has dismissed economic “gloom” in a major speech today as he promised to use “Brexit freedoms” to increase growth and productivity in the UK.Speaking at Bloomberg’s European headquarters in London, he attacked “declinism”, instead saying the country was “poised to play a leading role in Europe and across the world in the …
Business
Sky News
Boris Johnson earns nearly £1m in one month – and Matt Hancock’s I’m A Celeb fee revealed" rel="bookmark">
Boris Johnson earns nearly £1m in one month – and Matt Hancock’s I’m A Celeb fee revealed
Boris Johnson earns nearly £1m in one month – and Matt Hancock’s I’m A Celeb fee revealed" rel="bookmark"> Advertisement
Business
Sky News
UK must respond as prospect of transatlantic trade war looms large
It is laughably misnamed – but there is nothing funny about Joe Biden’s Inflation Reduction Act if you are from outside the United States.The act, signed into law in August last year, has absolutely nothing to do with tackling the cost of living crisis. Rather, it is a gigantic piece of pump-priming, a $369bn package …
Business
Sky News
Online retailer ASOS recruits company doctor to fashion turnaround
ASOS, the online fashion retailer, has drafted in a leading company doctor amid pressure from its lenders about the state of its balance sheet.Sky News has learnt that Scott Millar, a senior managing director at the professional services firm Ankura, has been appointed by ASOS to join its finance department. A source close to the …
Business
Sky News
Asda shake-up risks job cuts and lower pay for 4,000 night workers
Asda’s owners have revealed a planned shake-up that places hundreds of jobs at risk and will see thousands moved to lower-paid roles.The UK’s third-largest grocery chain by market share said its changes were the result of an “efficiency” drive but they were met with stinging criticism by the GMB union. The company has proposed that …
Business
Sky News
Ex-chancellor Philip Hammond says he would not have accepted job if taxes were under investigation
The former chancellor Philip Hammond said he would not have accepted the job if he was being investigated by the tax office.Asked by Sky News if it was “acceptable” that Nadhim Zahawi paid a penalty to HM Revenue & Customs to settle a tax dispute while in charge of the Treasury, Mr Hammond said: “My …
Business
Business Live
Full list of 23 NatWest branch closures happening in 2023
NatWest is closing 23 more branches around the UK as more people move to banking online, it has confirmed. The high street lender announced on Thursday (January 26) it is shutting 21 sites in England and two in Wales in 2023. This is on top of the 43 closures the bank announced last October. The …
Business
Evening Standard
Competition watchdog to scrutinise ‘green’ claims on household essentials
The competition watchdog is to scrutinise “green” claims used to advertise household essentials such as food, drink and toiletries to ensure shoppers are not being misled.The Competition and Markets Authority (CMA) said it was concerned many shoppers were being deceived and potentially paying a premium for products “that aren’t what they seem” as it launched …

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