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According to IFS, higher taxes appear to be here to stay.

The UK has entered a "new era" of greater taxes, according to the Institute for Fiscal Studies (IFS). Director Paul Johnson stated that middle-income workers were "in for a rude awakening" due to rising taxes and costs. In his Autumn Statement, the chancellor outlined proposals to raise taxes to stabilize the...

Twitter bans employees from the office until next week

Twitter has informed its employees that the company's office buildings will be closed indefinitely, effective immediately. Employees were informed that the offices would reopen on November 21. It did not explain the change. The announcement comes amid reports that a significant number of employees have resigned in response to new owner Elon...

According to IFS, higher taxes appear to be here to stay.

As a result of the Autumn Statement, the Institute for Fiscal Studies (IFS) has concluded that higher taxes are "likely to remain" for the foreseeable future. According to the statement, the United Kingdom has entered a "new era" of greater taxes as the government strives to gather funds to bolster...

Andrew Forrest’s $25bn rebuilding fund

Andrew Forrest, an Australian mining magnate, has formed a $25 billion (£21 billion) investment fund to help rebuild war-ravaged Ukraine. Mr. Forrest and his wife have contributed $500 million to the fund, which according to its organizers might potentially reach $100 billion. The Ukraine Green Growth Initiative intends to invest in...

Nexperia told to sell UK microchip manufacturing over ‘national security risk’

Chinese owner ordered to decrease ownership in Newport Wafer Fab semiconductor factory, "placing at jeopardy the livelihoods of and their families, as well as more than £100 million of taxpayers' money" Due to security concerns, a Chinese-owned technology business has been instructed to divest the majority of its stake...

Royal Mail requests to discontinue Saturday letter delivery

Royal Mail has requested the government for permission to stop delivering letters on Saturdays to reverse its fortunes after suffering a deficit in the first half of the year. The company wished to reduce the number of delivery days from six to five, from Monday through Friday exclusively. However, parcel delivery...

Milk and cheese cause a 45-year peak in food price inflation.

The cost of staples such as milk, cheese, and eggs is soaring at the quickest rate in the past 45 years. The annual rate of food price inflation reached 16.2% in October, up from 14.5% in September, according to the most recent data. Inflation has reached its highest level since 1981...

The CEO of Jaguar Land Rover will resign “for personal reasons”

Just days after the carmaker declared an improvement in its financial performance, the chief executive of Jaguar Land Rover (JLR) has resigned claiming "personal reasons." Thierry Bollore, who joined the UK firm in September 2020 from Renault, will be replaced immediately by chief financial officer Adrian Mardell, the company's Indian...

Deliveroo, a UK-based meal delivery company, has left Australia.

Deliveroo, a food delivery app founded in the United Kingdom, is leaving Australia, blaming the country's difficult economic conditions. The 2015-established Australian operation of the corporation is being placed into voluntary administration. Deliveroo is under increasing pressure to recognize its 15,000 riders as employees, as the nation's new administration pledges to...

After supply problems, Asda and Lidl limit egg sales.

Due to supply concerns, certain retailers, including Asda and Lidl, have begun limiting the number of egg cartons consumers may purchase. Asda stated that consumers would be limited to purchasing two cartons of eggs until further notice, while Lidl supposedly imposes a limit of three cartons. Farmers of chicken in the...

Rising energy and food costs push inflation to its highest level since 1981, 11.1%.

In October, the rate of inflation increases significantly more than anticipated by economists, putting pressure on the Bank of England to maintain the rate of an interest rate increase to curb economic demand. The latest increase in energy costs has contributed to a greater-than-anticipated increase in the rate of inflation,...

Elon Musk Tesla’s wage package will be litigated.

The staggering $56 billion compensation package handed to Tesla CEO Elon Musk in 2018 is being challenged in a United States court. A shareholder has requested a U.S. judge to revoke the record-breaking award, which was disclosed by the electric vehicle manufacturer four years ago. Mr. Musk's salary was related to...

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Many arrested in US campuses during pro-Palestine protests

Police have cleared an encampment at the University of Virginia (UVA) and arrested at least twenty-five pro-Palestinian demonstrators, as campuses across the United States prepare for additional unrest during commencement ceremonies.  At UVA's campus in Charlottesville, where demonstrations had been predominantly nonviolent until Saturday morning, when footage captured police officers in riot gear circling an encampment on the lawn, cuffing some protesters with zip ties, and allegedly spraying chemical spray, tensions escalated.

Has the West End found its golden age for creative musicals?

Following a string of triumphs for musicals featuring original soundtracks, West End actors, authors, and producers are convinced that audiences are now "willing to undertake risks." While jukebox musicals currently predominate in London's West End, certain stars of the theatre contend that the triumph of original productions serves as evidence that "audiences are willing to take a chance."

If I sell bitcoin without cashing out, do I pay capital gains tax?

How does the IRS handle capital gains from Bitcoin investments?   Is the tax liability incurred upon asset sale or the return of the benefit to your fiat bank account?  Since making a small investment in Bitcoin during the peak of the previous bull market (2020), I have incurred investment losses for the majority of that period. I am once again in the black and am uncertain of my next steps regarding the sale.

A post office attorney has been charged with “big fat lying”

Former senior Post Office attorney Jarnail Singh has denied knowledge of vulnerabilities in the Horizon system during the three-year prosecution of sub-postmasters. Jason Beer, the Horizon inquiry's chief counsel, condemned Mr. Singh as having "blown a colossal lie." On the eve of the 2010 trial of Seema Misra, a sub-postmistress who was incarcerated during her pregnancy, an email was transmitted to Mr. Singh.