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Author: Scott Dylan
Scott Dylan, Founder of NexaTech Ventures, is an entrepreneur and investor, offering expert insights on AI, technology, and business transformation across global industries.
Molly-Mae Hague ventures into the fashion industry with her own brand, Maebe.The brand is set to launch later this month, aiming to offer accessible luxury.Maebe will operate as an online direct-to-consumer business.Hague, a former PrettyLittleThing creative director, steps into entrepreneurship.Speculation about the new brand heightened with a newly-launched Instagram account.Molly-Mae Hague, well-known for her participation in reality television and her role with PrettyLittleThing, is set to launch her own women’s fashion brand called Maebe. This move marks her entry into the entrepreneurial world within the fashion industry, leveraging her influence and experience.The new brand, Maebe, is designed to make elevated…
Over a million low-paid workers in the UK are set to receive a wage increase of about 6% next year. The government has pledged to raise the national living wage to £12.10 an hour.Labour’s directive to implement a “genuine living wage” aims to align the national living wage with two-thirds of median earnings, reflecting the current cost of living.Government’s Commitment to Wage IncreaseThe Low Pay Commission, following Labour’s directive to ensure a “genuine living wage,” has outlined plans for the increase and may recommend a higher figure before the upcoming budget. Currently, the national living wage stands at £11.44 an…
Small businesses are reportedly driving a significant portion of tax evasion in the UK. The National Audit Office (NAO) has reported alarming figures that indicate these businesses are responsible for 80% of deliberate tax evasion.This revelation has significant implications for the UK economy, which loses billions of pounds annually due to these dishonest practices. The report calls for a more targeted strategy to address this persistent issue.Small companies exploit weaknesses in government systems, contributing to 81% of the £5.5 billion lost to deliberate tax evasion in the 2022-23 financial year. Despite the overall tax gap— the difference between tax owed…
A London landlord was shocked to learn her tenant was secretly renting out her property for £190 per night.The tenant, a fitness influencer, used the proceeds to fund a lavish lifestyle, including trips to Dubai.Discovery of the Subletting SchemeLeanne Newton, a 54-year-old landlord, has rented her one-bedroom flat for 12 years to various tenants. However, last Monday, she discovered that her tenant, Ifende Uzoka, had been renting out her flat on Airbnb and Booking.com for £190 per night. This illegal subletting allowed Uzoka to potentially earn £69,350 annually, far exceeding the £22,800 she paid in rent to Newton.Newton, a retired…
The UK Treasury and AstraZeneca are reportedly engaged in constructive negotiations regarding the future of a planned £450 million vaccine manufacturing plant in Liverpool.This development follows initial disagreements over funding levels, with talks now progressing positively despite earlier concerns about potential reductions in state support.Investment Announcement and Initial ChallengesIn March, Chancellor Jeremy Hunt revealed AstraZeneca’s £450 million vaccine plant initiative in Liverpool. This was part of a larger £650 million investment plan aimed at bolstering the UK’s life sciences sector.However, discussions faced hurdles when reports emerged last month suggesting that the government considered cutting its support from £90 million to…
Bristol City Council has proposed a £20 weekly workplace parking levy aimed at curbing congestion and enhancing air quality. This measure could impact around 9,000 employees currently parking for free.The levy is expected to raise substantial revenue for public transport improvements, though it may take up to three years for full implementation.Proposed Levy DetailsBristol City Council is proposing a bold plan to implement a workplace parking levy that would charge employees £20 weekly for parking at their city centre workplaces. This initiative aims to reduce congestion and improve air quality. Approximately 9,000 employees who currently enjoy free parking at their…
Santander has announced a significant update to its hybrid working policy aimed at boosting in-office attendance. The change affects 10,000 UK office-based employees.Replacing the current allowance of two days a week, staff will now need to work the equivalent of three days a week in the office.In a recent update to its 10,000 employees, the Spanish-owned bank announced a significant change to its hybrid working policy. Santander will now require its staff to work the equivalent of twelve days a month in the office. This policy effectively translates to three days a week, replacing the current allowance of two days.The…
Martin Blackham, a British journalist based in Israel, has lodged a formal complaint against a major bank Barclays credit card division Barclaycard, alleging anti-Semitism over a credit card dispute. His concerns arise from the bank’s refusal to maintain his credit card limit, which he considers essential for his safety while reporting from a conflict zone. Blackham expressed his frustration over the bank’s lack of response, having reached out more than a month ago. He highlighted the critical need for access to emergency funds for journalists covering conflicts overseas, suggesting the bank’s actions could potentially endanger his life. Formal Complaint to…
Google has come under fire from the UK’s Competition and Markets Authority (CMA) over allegations of abusing its dominance in the online advertising market. These accusations have significant implications, suggesting Google may have been overcharging publishers while limiting competition within the industry.Stakeholders in the advertising and publishing industries express mixed reactions to the CMA’s actions. While some welcome the intervention, hoping it will lead to fairer market conditions, others fear potential disruptions.Industry experts are closely watching these developments. Many predict that this scrutiny of Google will instigate broader conversations about market fairness and competition within the digital advertising sector.The allegations…
The Body Shop has been delivered from the brink of administration through a rescue deal led by cosmetics mogul Mike Jatania. This agreement safeguards 113 stores and secures more than 1,000 jobs.The deal, organised by administrators at FRP, involves the sale of The Body Shop to a consortium managed by Jatania’s investment company, Aurea. Charles Denton, former chief of Molton Brown, will assume the role of chief executive.New Leadership and Strategic DirectionUnder the new ownership, Charles Denton, former chief of Molton Brown, will serve as chief executive. This deal, orchestrated by administrators at FRP, involves the sale of The Body…