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Billionaire John Caudwell: Britain needs to stop criticising the wealthy and start celebrating success
Phones4U founder John Caudwell’s new Riviera development features a £250k statue of himself. Billionares should be proud of their success, he tells Felix Armstrong “If I was trying to purely make money, I would have built student accommodation in Manchester and put another 5,000 Chinese people in there,” billionaire and philanthropist John Caudwell says as he prepares for the opening of his £300m development on the French Riviera. “I only say Chinese because my son went to university in Man...
We’re the UK’s oldest family-run jewellers. Inheritance tax could kill our business
Charlotte McCrossin always knew she would take over her family-run business when her mum retired – but more recently she has started to fear being hit with a hefty inheritance tax bill. Gatwards in Hitchin, Hertfordshire, is one of the oldest family-run jewellers in the UK, but despite their rich history, Charlotte, of the Gatward family, is worried about what tax she and her family will face in the future. “My mum and aunt jointly own the building,” explained Charlotte. “Each of their half of...
In my 20s I saved for a house – my adult children waste money on coffee and brunch
I’ve just turned 60 and my children are in their twenties. We brought them up to have a sensible attitude towards money: we lived within our means and if something was too expensive, we’d save up or go without. We certainly didn’t live off credit cards and the only debt we had was our mortgage, which we finally paid off this year. So I’m confused and disappointed that my children don’t share our family values. They don’t seem interested in saving up for a deposit for a flat or house, and have t...
The UK chemicals sector is in trouble
From ammonia to plastics, there can be no modern economy without a functioning chemicals industry, and Britain’s is in peril, writes Sharon Todd The recent announcement of a £350m Critical Chemicals Resilience Fund from Chancellor Rachel Reeves is welcome but it is also an acknowledgement of an uncomfortable truth: the UK’s chemicals sector is in trouble. Up and down the country energy intensive manufacturing is faltering. The Chancellor has also announced £120m for the ceramics sector, pr...
UK furniture business collapses into liquidation leaving £1.4m debt
UK furniture business collapses into liquidation leaving £1.4m debtThe Sussex-based furniture, lighting and home décor retailer has ceased trading, leaving suppliers and HMRC among creditors owed over £1.4 million Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Olivia Beeson 05:18, Fri, Jun 5, 2026 Updated: 05:21, Fri, Jun 5, 2026 The company has plunged into liquidation (Image: undefined)An award-winning...
Britain has turned its back on liberalism
Britain is governed by a veto-cracy, a framework in which all progress is stalled thanks to a noisy minority, writes Julia Willemyns A peculiar kind of national exhaustion has crept in unannounced. A slow dampening of expectation. You work, you queue, you pay, you wait. You are told – always politely – that the system is under strain, that things are complicated, that the world is turbulent, that there is no money left, and that the answer is patience. Inevitably, however, patience runs ou...
Tehran property prices pick up as gold loses shine
Long-stagnant housing market has seen an unexpected revival as Iranians seek refuge from rampant inflation
Scramble for biofuel as oil prices rise ‘could push world closer to food crisis’
Experts say increased use of crops for fuel is ‘dangerous game’ that could send food price inflation soaringDemand for biofuels is likely to leap by nearly a third this year, which could send food price inflation soaring further and push the world closer to a global food crisis.More countries are opting to increase biofuel use as the price of oil has jumped to nearly $100 a barrel after the US-Israeli attacks on Iran and the closure of the strait of Hormuz. Continue reading...
PwC cuts partner payouts in China Evergrande fallout
Proceeds from a 2022 disposal will no longer be distributed as firm deals with fines and looming lawsuit
Governments need to learn how to talk about debt
They must find a way to tell taxpayers how their money is spent
Did BP miss CRH warning signs before hiring Albert Manifold?
Former colleagues say businessman’s management style should have raised concerns as oil group weighed him as chair
I have a Motability EV. Living in a terraced house means it can cost £40 per charge
Leanne Wright thought she was doing the right thing by driving an electric car – but now feels she is being financially penalised for living in a terraced home and not being able to have a home charger. The 44-year-old mum-of-one, who lives in Liverpool, is on personal independence payments (PIP), as she has Ehler-Danlos syndromes (EDS), a genetic condition which affects connective tissues. Leanne told The i Paper that she only learnt to drive when she was 39 – and it was her son Ben’s situati...
Stock Market LIVE Updates, Sensex Today: Sensex Jumps 250 Points Amid Mixed Global Cues
Stock Market, Sensex, Share Market, Nifty LIVE Updates: Brent was trading around $95 a barrel. Meanwhile, WTI was under $93 a barrel.
Beyond budget arithmetic
EVERY June, Pakistan’s budget season follows a familiar pattern: business groups repeat their proposals for relief, the government defends its targets, and taxpayers prepare for additional burdens. Yet a more fundamental question is rarely asked — what is the budget ultimately meant to achieve, and does it reflect a clear long-term national purpose? In principle, the budget is the state’s main instrument for promoting growth, improving public services, reducing poverty and raising living sta...
Billionaire Ray Dalio tells Americans the problem with AI companies in the US vs China
Billionaire investor Ray Dalio warns US AI firms risk falling behind China due to their profit-driven approach. He contrasts this with China's view of AI as a public utility, aiming for widespread worker access to boost productivity. This mirrors China's successful strategy in the EV sector, prioritizing enablement over immediate profit.
China cracks down on violence and misogyny in viral micro dramas
China cracks down on violence and misogyny in viral micro dramas18 minutes agoShareSaveAdd as preferred on GoogleOsmond ChiaBusiness reporterVCG via Getty ImagesMicro dramas come in the form of serialised, made-for-mobile clipsChinese authorities have ordered a crackdown on materialistic, violent and sexualised content in locally made micro dramas.Provincial authorities are required to inspect the work of micro drama filmmakers as part of a two-month campaign to foster a "clean and healthy" indu...
British Heart Foundation plans to close 150 charity shops
British Heart Foundation plans to close 150 charity shopsJust nowShareSaveAdd as preferred on GoogleJemma CrewBusiness reporterGetty ImagesThe British Heart Foundation (BHF) says it is planning to close around 150 charity shops, citing an "exceptionally challenging trading environment".The charity, which carried out a review of its retail arm, said rising operating costs and changing customer habits meant some stores were "no longer financially sustainable".Its overall financial position "remain...
Govt eyes centralised tax model to curb official-taxpayer contact
• Field officers to lose powers to issue notices, conduct audits• Reforms aim to curb collusion, harassment• Phased rollout planned from October ISLAMABAD: The government has approved in principle a plan to introduce a centralised digital tax operating model, under which audits and assessments would be handled by “faceless” wings in Islamabad to reduce official discretion and direct contact between tax officials and taxpayers. Prime Minister Shehbaz Sharif approved Pakistan’s New Tax Operating M...
Soaring trade gap emerges as black hole for dollars
KARACHI: The foreign exchange reserves of the State Bank are inching close to the target of $18 billion for current fiscal year (FY26), but a widening trade deficit threatens to erase the growth in reserves and remittances. Data issued by the central bank on Thursday showed that the forex reserves increased by $43 million to $17.2bn during the week ending on May 29. Financial experts see the improvement in reserves as a good sign, but at the same time they fear the widening trade imbalance would...
Nepra reduces electricity charges for three months
• Regulator allows Rs1.19 per unit FCA collection in June bills• Grants Rs1.99 per unit reduction for three months, until August ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday notified about 80 paisa per unit net reduction in national power rates for June and then Rs1.99 per unit for July and August, with a cumulative financial impact of about Rs56 billion. The unusual relief over the three months — June to August — has resulted owing to the combined effect of...