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Most new cars must be electric by 2030, ministers told

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Homes also need to be built to a higher standard, the Committee on Climate Change - the official watchdog - says. The government says the UK is cutting emissions faster than any other G7 nation - and the committee agrees there has been a big shift under Theresa May. However, it says the UK will fall short of its ambitions unless ministers do more to turn pledges into reality. The warning comes less than a week after the prime minister launched a 25-year plan to protect the environment, including eradicating all avoidable plastic waste by 204... Read More »

A nation of knitters: how crafts became Britain’s fastest-growing creative industry

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In an age of Snapchat, virtual reality headsets and Instagram influencers, you could be forgiven for wondering if knitting, embroidery and pottery were set to die out with their older participants. In fact, the industry is in rude health. According to government statistics, crafts were the fastest growing component of Britain’s heralded creative industries in 2016, up 44pc on 2010 and contributing £420m of gross value added to the economy. That might be peanuts compared to the music or film industries, but the numbers are going in the rig... Read More »

London home sellers slash prices at biggest rate since financial crisis

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The prices that London home-sellers are seeking for their properties fell by the most since the financial crisis this month, at a time when prices in most of the rest of Britain are rising, industry figures showed on Monday. London’s once red-hot housing market has slowed for the past year due to a double hit from higher purchase taxes on expensive homes and the June 2016 Brexit vote, which hurt demand from foreign buyers and raised fears of big job losses in the capital’s financial industry. Rightmove, Britain’s biggest property website,... Read More »

UK satellite to make movies from space


The demonstrator is expected to pave the way for a series of at least 15 such spacecraft, which will be operated by the Guildford-based company Earth-i. The small, low-cost UK mission was one of 31 payloads riding on the Indian Polar Satellite Launch Vehicle. It lifted off from the Satish Dhawan spaceport in Andhra Pradesh. Controllers made first contact with the UK satellite as planned within a few hours. The spacecraft is a pre-production model. If it performs well over the coming months, its manufacturer, SSTL, also in Guildford, will pro... Read More »

UK companies will face huge new VAT burden after Brexit

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More than 130,000 UK firms will be forced to pay VAT upfront for the first time on all goods imported from the European Union after Brexit, under controversial legislation to be considered by MPs on Monday. The VAT changes spelled out in the taxation (cross-border trade) bill – one of a string of Brexit laws passing through parliament – are causing uproar among UK business groups, which say that they will create acute cashflow problems and huge additional bureaucracy. Labour and Tory MPs and peers said that the only way to avoid the VAT Brexit ... Read More »

Shell and Barclays ‘lose’ £2bn in US tax changes

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Barclays is facing a larger full-year loss than expected because it told investors that the tax changes would initially cost it about £1 billion. At the same time, Royal Dutch Shell said in a statement to the stock market that the tax cut would lead it to take a hit to its earnings of between $2 billion and $2.5 billion.   ... Read More »

UK bosses are richest in Europe


Research by Vlerick Business School in Belgium found that FTSE 100 chief executives took home pay packages worth 94 times those of their average staff member, despite government attempts to crackdown on ballooning corporate compensation. The school’s analysis, reported by the Financial Times, found that top French and German company chiefs were the only ones who came close to their British peers, earning multiples of 91 and 89 times their average worker. ... Read More »

Grosvenor Crescent rated the most expensive street in England and Wales

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The sweeping crescent, whose Grade II-listed properties are thought to have been built between 1837 and 1860, topped a list of the priciest streets published by Lloyds Bank. However, while Grosvenor Crescent’s residents are sitting pretty, with the typical price tag unchanged on last December, their wealthy neighbours in Eaton Square – which topped the bank’s table a year ago – have each typically seen more than £3m wiped off the value of their property in the space of 12 months, cutting the average price to just over £13.5m. Lloyds did n... Read More »

British passports will return to ‘iconic’ blue cover after Brexit, it is confirmed

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The new design, which will no longer include the European Union insignia, will replace the burgundy cover that has been a feature of the UK passport since the 1980s once Britain leaves the EU in 2019. Home Office Minister Brandon Lewis said the new passport will be the "most high-tech and secure we have ever seen", making it more resistant to fraud and forgery. ... Read More »

Toyota Opens Billion-Dollar, State-of-the-Art North American Headquarters in Texas


Remarks by Toyota Motor North America Chief Executive Officer, Jim LentzPLANO, Texas (July 6, 2017) – Toyota Motor North America, Inc. (TMNA) is celebrating the official opening of its new North American headquarters today in Plano, Texas with a gala event to be attended by hundreds of dignitaries, partners and community leaders who will get the first glimpse of Toyota’s new corporate campus that reaffirms the company’s longstanding commitment to the United States.“The opening of our new headquarters in Plano is an extraordinary next step in... Read More »

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