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Tax rises of £40bn ‘needed by mid-2020s’ to cut deficit
The Institute of Fiscal Studies has warned that if the government wants to keep spending constant and balance its books, there will need to be annual tax rises of £40bn.
One in five UK businesses need Brexit transition deal to operate as usual
A survey carried out by KPMG has found that a third of CEOs and CFOs think that no deal would have a negative impact on their business and involve job losses.
Airbus warns over Melrose’s £8bn GKN takeover
Airbus has warned that it will take its business elsewhere if GKN if it is sold to Melrose. Airbus is GKN’s largest customer, accounting for 7% of its sales.
JD Wetherspoon posts rise in profits
JD Wetherspoon have posted a strong rise in profits for the six months to the end of January, reporting that profits saw a 20.6% rise before tax.
HSBC reveal largest gender pay gap of any UK financial firm
HSBC reveal that women hold only 23% of senior leadership positions despite women accounting for more than half of total staff.