David Connett

5 days ago | inews.co.uk | David Connett

Energy bills in Britain could triple to as much as £4,500 a year, analysts have warned, if Iran blocks one of the world’s most strategically important trade routes. Iran is threatening to block the Strait of Hormuz, the narrow shipping lane in the Gulf which about 20 per cent of global oil exports and liquefied natural gas (LNG) flows through.

1 week ago | msn.com | David Connett

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1 week ago | inews.co.uk | David Connett

The UK’s tax gap has widened according to latest figures from HM Revenue & Customs (HMRC). New data from HMRC shows that the UK missed out on £46.8bn of tax liabilities in the 2023-2024 financial year, or 5.3 per cent of the total theoretical tax liabilities. The gap refers to the difference between the total amount of taxes owed to the government and the amount actually collected. In 2024 this was reported to be £39.8bn or 4.8 per cent of overall theoretical liabilities.

1 week ago | inews.co.uk | David Connett

One of Britain’s leading business groups cut its forecast for economic growth this year and next after the economy was hit by a double blow of the government’s payroll tax increases and US tariffs. The (CBI) expects GDP to grow by just 1.2 per cent this year and 1 per cent next year, down from the 1.6 per cent and 1.5 per cent previously predicted.

1 week ago | observer.co.uk | Catherine Neilan |David Connett

Sir Keir Starmer has announced that there will be a statutory inquiry into the grooming gangs scandal after accepting the recommendation of a government commissioned report by Baroness Louise Casey. The government has previously resisted a new inquiry into the scandal, instead allowing five councils to set up their own investigations in towns where girls were abused.