A tech company backed by Rishi Sunak’s wife is reported to be closing its Russian office following widespread criticism. Infosys, in which Akshata Murty owns a 0.93pc holding valued at £727m, is looking to move its Moscow workers to other countries, according to the BBC. The Indian group has been criticised for continuing its operations…
Andrew Bailey has urged workers not to ask for a big pay rise this year, despite warning that rampant inflation will sting households with the worst squeeze on living standards for at least three decades. The Governor of the Bank of England said that a “moderation” of wage rises is essential to prevent further overheating…
Businesses will have to convince a sceptical Treasury that taxpayer support is really necessary if they want help this winter, Kwasi Kwarteng has suggested, as officials played down the likelihood of a further bailout. The Business Secretary said in a call with corporate lobby groups that companies must provide evidence they are suffering if they…
“There was this point about halfway through the speech where Rishi Sunak talked about a tax break for shipping companies and it was, I think, the first thing he said that couldn’t have been delivered by a Labour chancellor”, Telegraph columnist Ben Wright tells the latest Planet Normal podcast, hosted by fellow columnists Allison Pearson…
Rishi Sunak repeatedly refused to confirm that state pensions would rise as quickly as wages this year, but insisted that the so-called triple lock was “still government policy”. With pay expected to increase by as much as 8pc as battered earnings recover from the Covid crisis, the triple lock rule would commit the Government to increasing…
Rishi Sunak declared victory on Saturday in a clampdown on tax avoidance by global tech giants after thrashing out a deal with G7 finance ministers to ensure they pay more tax. The move marks the biggest overhaul of international tax rules for decades, forcing the world’s largest companies to pay a global minimum tax on their profits…
