Taxpayers on the hook for at least £1bn after Lindsey oil refinery closure Business British taxpayers could be forced to pay up more than £1bn following the collapse of the Lindsey oil refinery in North Lincolnshire last week. Sources told the Times HMRC is owed unpaid taxes of around £250m, while the facility’s decomissioning costs could run from anywhere between £700m and £3bn. At least 420 jobs were put [...]
Landsec boosts profit amid residential and retail pivot Property Property investment group Land Securities – known as Landsec – has reported a five per cent boost amid a strategic repositioning of the firm’s commercial property portfolio in favour of residential and retail property. Profit before tax rose to £395m from £341m, as the group plans to invest £1bn in retail and more than £2bn [...]
Home Office to clamp down on visa overstays amid pressure from Farage Politics New Home Office rules would put curbs on work and study visas from nationalities most at risk of overstaying and going on to claim asylum as part of Labour’s push to reduce net migration. Applications from Pakistanis, Nigerians and Sri Lankans are among those set to be restricted, according to a report in The Times. [...]
The Sun slashes losses as The Times treads water March 31, 2025 The Sun slashed its pre-tax loss as an increase in cover price helped to offset falling newspaper sales, it has been revealed. Separate accounts filed for The Times also show its finances have remained broadly the same during its latest financial year while TalkTV continued to make a huge loss. The two newspaper groups and [...]
UK newspapers join creative industry in protest against AI copyright plans February 25, 2025 UK newspapers have joined forces with musicians, authors, and other creatives to oppose government proposals that could allow AI firms to train models on copyrighted material, without compensation. Newspapers such as The Guardian, The Times and The Sun coordinated front-page protests on Tuesday morning, arguing the plans could undermine journalism by allowing AI firms to [...]
James Dyson: Reeves’ inheritance tax hike ‘is killing geese that lay golden eggs’ January 27, 2025 Billionaire Sir James Dyson has again hit out at Rachel Reeves for her tax raid budget, saying British family businesses are being “fleeced”. The British entrepreneur, 77, hit out at the Chancellor in a letter to The Times, writing that Reeves will “kill off” British family businesses with a “vindictive” budget, including inheritance tax hikes. [...]
Mike Lynch feared he would die in prison if convicted July 28, 2024 British tech mogul Mike Lynch thought he would die in jail if he had not been cleared of defrauding Hewlett-Packard (HP) in a multi-billion-dollar deal.
Election 2024: Firms have ‘nothing to worry about’ on workers’ rights, Reeves says June 21, 2024 Rachel Reeves has told businesses they have “nothing to worry about” from Labour’s workers' rights reforms at The Times CEO Summit.
Financial Times announced as latest publication to ink deal with OpenAI April 29, 2024 OpenAI is reportedly offering news organisations as much as $5m per year to license their copyrighted content to train its AI models.
