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Gary Lineker among millionaires asking Andy Burnham to tax them more
Millionaires including former footballer Gary Lineker and music producer Brian Eno have written to new prime minister Andy Burnham asking to be taxed more. In an open letter, 120 well-off Britons told Burnham: “We can afford it. We’re not talking about higher taxes on those who get up and go to work for their income…
I fiddled the meter for a mate – and the shop burnt down
“Anything from an £80 job for families on the breadline needing to fiddle the electric to keep the kids warm, to businesses who just don’t want to pay the rates and would happily pay up to £2,000 for me to sort it, to rich people who want the mains spliced to feed their summer houses…
What was the 1970s oil crisis, and are we heading for something worse?
Alicia Garcia Herrero, chief economist for Asia Pacific at Natixis CIB, said while 1970s oil shocks sent prices sky high, they only cut global supply by 5-7%. In contrast, the current crisis affects 20% of the world’s supplies, “dwarfing the 1970s shock”, she said.
Government mulls financial support for JLR supply chain firms
The government is looking at ways to financially support the companies in Jaguar Land Rover’s (JLR) supply chain. JLR halted car production at the end of August after a cyber attack forced it to shut down its IT networks. Its factories remain suspended until next month at the earliest. Fears are growing that some suppliers,…
British Gas boss says energy bills rise inescapable if prices stay high
The discussion of ways to mitigate any energy price rises came after the government’s cost-of-living tzar, Lord Walker, who is also chief executive of supermarket chain Iceland, suggested in the Sunday Times that energy companies and petrol stations should have their profits temporarily capped as oil prices jump.
