Deliveroo feasts on over half of some restaurants’ takings by charging commission on VAT

Deliveroo feasts on over half of some restaurants’ takings by charging commission on VAT, discounts and refunded meals as it ‘takes advantage’ of small firms during the Covid crisis Deliveroo has been hit by claims it is imposing ‘extortionate’ fees on businesses  Owner of Greek restaurant in Cambridge accused firms of taking advantage  Deliveroo charges … Read more

Steelworker kills himself by jumping into furnace at Chinese factory after losing £6,000 on market

Steelworker kills himself by jumping into furnace at Chinese factory after losing £6,000 in a day on the stock market Wang Long, 34, was captured throwing himself into furnace in Inner Mongolia  Haunting last image shows him silhouetted against the fiery well of molten steel Police believe he killed himself due to large debts and … Read more

Steelworker kills himself by jumping into furnace at Chinese factory after losing £6,000 on market

Steelworker kills himself by jumping into furnace at Chinese factory after losing £6,000 in a day on the stock market Wang Long, 34, was captured throwing himself into furnace in Inner Mongolia  Haunting last image shows him silhouetted against the fiery well of molten steel Police believe he killed himself due to large debts and … Read more

FTSE 100 dips 0.5% by 34 to 6,641 points

The FTSE 100 dipped 0.5% today as traders fretted over interest rates rises and Rishi Sunak‘s Budget tax grab for big business. London‘s leading index was down by 34 points to 6,641 by mid-afternoon after US stocks plummeted on Wall Street yesterday. The FTSE closed 0.9% higher yesterday as market movers focused on the extension … Read more

Budget 2021: 5% VAT cut mean cheaper coffee, meals out and holidays

Britain is set for a summer spending splurge after Rishi Sunak today extended the discount 5% VAT rate, meaning consumers are set for cheaper coffee, meals out and staycations.  The super-low rate will carry on until September, the Chancellor announced in his Budget today, then move to 12.5 per cent until April 2022 before returning … Read more

Tax evasion fears as HMRC drastically scales back checks on eBay and Amazon sellers

Bonmarché, the value-oriented clothing retailer, went into administration for the second time in a year on 2 December 2020. There are 226 stores and more than 1200 employees. It is owned as a separate business by Philip Day, whose EWM is also in crisis (see below). Philip Day put this company into administration a few … Read more

Brexit: Boss of English shoemakers Tricker’s says red tape will cost firm an extra £100,000 a year

The boss of a 192-year-old luxury shoemaker says Brexit red tape will cost the firm an extra £100,000 a year on exports to Europe.  Tricker’s managing director Martin Mason said invoices are mounting from parcel firms that ship the English company’s heavy £450 brogue shoes and boots to EU customers. Though a last-gasp trade deal between … Read more