Category: <span>Business</span>

Dismayed business groups warn tax rises will harm recovery
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Dismayed business groups warn tax rises will harm recovery

Business groups reacted with dismay to the government’s national insurance hike and surcharge on dividend income to boost health and social care spending from next April, calling it a tax on jobs and a blow to the economic recovery. The British Chamber of Commerce (BCC) said the extra financial burden from higher tax charges ignored the damage...

Ryanair to stop all flights from Northern Ireland
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Ryanair to stop all flights from Northern Ireland

Ryanair is to stop all flights from both Belfast international airport and Belfast City airport, in a further blow to connectivity between Northern Ireland and the rest of Europe. The airline blamed government passenger duty and the absence of any Covid recovery incentives for the two airports. “Due to the UK government’s refusal to suspend or reduce...

Rail passengers in England and Wales face biggest fare rise since 2012
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Rail passengers in England and Wales face biggest fare rise since 2012

Rail fares in England and Wales are on track to rise at their fastest rate in a decade unless ministers decide to prevent steep price increases to encourage commuters back on to trains. Annual increases in rail fares are usually governed by the July retail prices index (RPI), plus another 1%. The Office for National...

UK’s green economy four times larger than manufacturing sector, says report
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UK’s green economy four times larger than manufacturing sector, says report

The UK’s low carbon economy is now worth more than £200bn, four times the size of the country’s manufacturing sector, with growth expected to accelerate in the coming years, according to new analysis. Despite what experts say has been lacklustre and patchy support from central government, the analysis found more than 75,000 businesses from wind turbine...

Tencent curbs on gaming time will shock markets but please many parents
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Tencent curbs on gaming time will shock markets but please many parents

China’s regulators are on the march again, pushing one of the country’s most valuable technology companies, Tencent, into announcing fresh curbs designed to limit the time children spend playing its computer games. The announcement may have led to a collapse in Tencent’s shares, but the measures will be eyed with mild jealousy by many western parents....

Pharma firm Advanz fined after thyroid drug price hike of 6,000%
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Pharma firm Advanz fined after thyroid drug price hike of 6,000%

The UK’s competition watchdog has imposed fines of more than £100m on the pharmaceutical company Advanz and its former private equity owners after it was found to have inflated the price of its thyroid tablets by up to 6,000%. An investigation by the Competition and Markets Authority (CMA) found that the private-equity backed pharmaceutical company charged...

Hotel Chocolat subscriptions surge as Britons seek comfort from Covid
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Hotel Chocolat subscriptions surge as Britons seek comfort from Covid

Hotel Chocolat has reported a surge in subscribers as chocoholics have signed up to regular sweet treats during the pandemic. The upmarket chocolatier’s online and subscription sales will overtake store sales for the first time as the Covid crisis boosted demand for “regular happy treats” as well as gifts for family and friends, said Angus...