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Average Guernsey income down in real terms, survey says
Average income for islanders is 12% lower in real terms than five years previously, a survey says. More than 2,000 people responded to the 2023/24 Household Expenditure Survey to find the average cost of living in Guernsey. It said while gross income – before taxes and other costs are factored in – of £77,619 per…
Denmark loses £1.4bn London tax fraud case
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Denmark has lost a £1.4bn tax fraud case at the High Court in London in a blow to the country’s efforts to recover monies from the sprawling “cum-ex” scandal. The Nordic country’s tax authority had…
Is it possible to build a plastic-free home?
Teresa McGrath, Habitable’s chief research officer, explains: “We started paying attention to plastic not because we inherently have a bias against plastic, but because [in] every product category that we looked at… the plastic materials ranked the worst consistently. They were using and releasing more hazardous chemicals consistently across the board.”
Interest rates may need to rise this year says Bank of England economist
He said that productivity, which measures how efficiently people work, has slowed down in the UK. It is also a particular problem in Wales where it is the lowest of the four home nations and around 15 percent lower than the UK average, external. People in Wales also earn lower wages than the UK average,…
