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Ford boss Lisa Brankin warns against taxing electric cars
Josh Martin,Business reporter and Sean Farrington,Business presenter Barry Cronin Taxes on electric vehicles may put drivers off buying them at a time when demand has “lost momentum”, Ford’s UK boss has warned. It comes after the BBC reported Chancellor Rachel Reeves could be considering new levies on EVs in the upcoming Budget. Ford UK’s managing…
US judge blocks detention of British social media campaigner
A US judge has temporarily stopped the Trump administration from detaining British activist Imran Ahmed after he sued officials over an entry ban for alleged online censorship. The founder of the Center for Countering Digital Hate is among five people denied US visas after the state department accused them of seeking to “coerce” tech platforms…
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,…
US firm collapses ringing ‘alarm bells’, says Bank of England chief
The collapse of two US companies could be a sign of wider problems in the financial system and “alarm bells” were ringing, the governor of the Bank of England has said. Andrew Bailey told a House of Lords committee that it was important to take the failure of car parts supplier First Brands and subprime…
