Rachel Reeves denies lying to public in run-up to budget

Domino's Pizza Group has announced the immediate resignation of its chief executive, following comments suggesting that the UK may be nearing 'peak pizza' amid rising competition from other food trends, particularly among Generation Z who favor fried chicken.

Research in England indicates that water shortages could significantly hinder the UK's plans to achieve net zero emissions, particularly affecting carbon capture and hydrogen projects. The Environment Agency has raised concerns about potential widespread drought conditions in the coming year, intensifying tensions among government, water suppliers, and regulators.

The UK government has announced that it will implement mandatory e-invoicing starting in April 2029, aligning with a global trend towards digital tax and invoicing systems. This initiative is part of a broader effort to modernize the tax collection process and improve efficiency in business transactions.

UK Chancellor Rachel Reeves initially offered hope to struggling hospitality businesses by announcing the lowest tax rates since 1991. However, as details of the budget emerged, pub owners and hoteliers expressed outrage over the implications of changes to business rates, which they argue will exacerbate their financial difficulties.

Research indicates that the UK has at least 8,000 illegal waste sites, containing around 13 million tonnes of rubbish, leading to an estimated £1.63 billion in avoided landfill taxes. This alarming situation raises significant concerns regarding public health and environmental safety.

Chancellor Rachel Reeves has faced criticism for her recent budget, which has been labeled a 'stealth tax' by hospitality owners who argue that it fails to support the struggling British pub sector amidst rising business rates. The budget includes a £26 billion tax increase aimed at addressing the UK's cost of living crisis but has left many in the hospitality industry feeling abandoned.

Chancellor Rachel Reeves announced that individuals relying solely on the state pension will not be subject to income tax, a move that could create a two-tier system for retirees. The new state pension is set to increase to £241.30 per week in April, just below the personal tax allowance threshold.

JP Morgan and Goldman Sachs have announced plans to expand their presence in the UK following Chancellor Rachel Reeves's budget, which spared the banking sector from higher taxes. This decision was celebrated at a recent event hosted by Jamie Dimon in New York, coinciding with King Charles's birthday celebration.