Author: Scott Dylan

The proposed windfall tax targeting the North Sea oil and gas sector is stirring concerns among industry leaders. This initiative by the government has been met with severe criticism, especially regarding its potential impact on employment.Industry experts warn that the government’s proposal to impose a windfall tax on the North Sea oil and gas sector could jeopardise countless jobs. This tax, intended to capture excess profits, may inadvertently affect the livelihoods of those in both energy and related industries.Over 40 companies, encompassing engineering, technology, and catering sectors, have raised their voices against these measures. They argue that the increase in…

HMRC has intensified its efforts to crack down on tax avoidance within the football industry, recovering a substantial £70 million in 2023 alone. This operation has scrutinised the financial dealings of various clubs, players, and agents.The main focus of the investigation has been on dual-representation contracts and the improper usage of image rights, areas where significant tax advantages are often claimed.Scope of the InvestigationSince April 2023, HMRC has launched investigations into 20 football clubs, 83 players, and 21 agents. The primary focus has been on the misuse of dual-representation contracts, where agents claim to represent both the player and the…

Taylor Swift’s recent performances at Wembley Stadium have created a substantial economic impact on London. During her Eras Tour, the influx of fans contributed to an estimated £300 million in spending.The capital witnessed increased consumer activity, enhanced public transport usage, and significant tourism boosts, thanks to Swift’s concerts. The financial benefits of her appearances extend beyond ticket sales, influencing various economic sectors across the city.The proposed honour of granting Swift the Freedom of the City reflects her wide-reaching impact. This recognition not only underscores her cultural significance but also cements her role in shaping London’s contemporary economic narrative.The sweeping economic…

The British pub scene is witnessing a unique transformation, courtesy of Beavertown Brewery. The introduction of ‘friendship-building’ stools aims to ease social anxiety in London pubs.With a focus on encouraging open dialogue and new connections, these stools represent a step toward more inclusive community interactions.Addressing Social Anxiety in Public SpacesIn a recent effort to redefine pub interactions, Beavertown Brewery has introduced a unique initiative in London. Their ‘Is This Seat Taken?’ campaign features eye-catching bright blue stools adorned with skull designs. These stools are strategically placed in various pubs across the city to encourage social interactions among patrons. The intent…

Shein has uncovered two child labour cases within its supply chain, prompting policy changes.The incidents were detected between Q1 and Q3 2023, as revealed in Shein’s 2023 Sustainability Report.Offending manufacturers were given 30 days to resolve issues before resuming work under stricter guidelines.Shein has since altered its policy to immediately terminate relationships with suppliers found violating labour policies.This news emerges amid speculation of Shein’s potential £50bn public offering on the London Stock Exchange.Shein, a prominent fast fashion retailer, identified two instances of child labour in its supply chain during the first to third quarter of 2023. According to their recently…

In a surprising turn of events, British Steel has announced plans to close its Scunthorpe blast furnaces. This move comes despite receiving £600 million in taxpayer support aimed at greening its operations.The decision to cut approximately 2,500 jobs has sent shockwaves through the industry and raised questions about the future of steel production in the United Kingdom.Impact on Local CommunitiesThe closure of the Scunthorpe blast furnaces is set to have a devastating impact on local communities. Thousands of families are bracing for the potential job losses, which would significantly affect the local economy and social fabric.Charlotte Brumpton-Childs of GMB voiced…

Mike Ashley has appointed his youngest daughter, Matilda Ashley, as a director of Mash Holdings. This move underscores the increasing influence of familial ties in his vast business operations.The appointment comes after Matilda’s resignation from her beauty business, Double Take. This decision raises questions about corporate governance within the company.Matilda Ashley’s New Role in Mash HoldingsAccording to recent filings with Companies House, 27-year-old Matilda Ashley has assumed a significant role within Mash Holdings. Mash Holdings oversees Mike Ashley’s extensive retail and property interests. This latest appointment reflects the growing influence of his family in the company.Her appointment follows her exit…

Fred Perry, a renowned British heritage brand, reported a notable rise in revenue and profit for 2023.The company’s gross profit reached £76.9 million, a substantial increase from £64.5 million in 2022.Profit before tax saw a 4% year-on-year increase, amounting to £16.3 million.Revenue expanded by 10%, reaching £149.1 million compared to the previous year’s £135.7 million.Three store closures were attributed to performance, despite growth across all revenue streams.Fred Perry, the esteemed British fashion brand founded by Wimbledon tennis champion Fred Perry, showcased significant financial growth for the year ending 31 December 2023. The company’s gross profit rose to £76.9 million, marking…

A series of forthcoming events in Hull aims to equip local businesses with essential growth skills.Launched by the Hull and East Yorkshire Business, Growth and Skills Hub, these workshops focus on vital areas like cyber security and innovation.Upcoming Workshops OverviewIn an effort to bolster the growth of businesses in the Humber and East Yorkshire regions, a series of specialised workshops has been unveiled. The Hull and East Yorkshire Business, Growth and Skills Hub (HEY Growth Hub) will conduct these events, focusing on themes such as cyber security, innovation, and digital twinning for manufacturers. These sessions, designed to empower local enterprises,…

Gatwick Airport has announced an impressive 7.7% rise in passenger numbers for the first half of 2024. This growth is attributed to a resurgence in short-haul travel, despite long-haul routes lagging behind.Strong recovery in short-haul travel has driven revenues up by 15.3% to £488 million, with pre-tax profits soaring by 36% to £136.3 million.Gatwick Airport attributes its robust growth to a solid recovery in short-haul travel. The airport witnessed 16.9 million short-haul passengers in the first six months of 2024, just 5.6% shy of the numbers seen pre-pandemic. This uptick has been pivotal in offsetting the slow recovery in long-haul…