UK employers, stung by new levies, call for overhaul of tax system

By William Schomberg

LONDON (Reuters) – British businesses demanded that finance minister Rishi Sunak stop raising their taxes and instead offer more help to meet the challenges of Brexit, COVID-19 and climate change when he makes major budget statements next month.

The Confederation of British Industry urged Sunak to “flip business taxation on its head” when he sets out new tax proposals and a three-year spending plan on Oct. 27.

“The lack of detail and pace from the government on some of the big economic choices we must make as a country are the biggest concerns for business,” CBI Director General Tony Danker said in excerpts of a speech to be delivered later on Monday.

Danker told Sunak to stop hitting companies that invest in making their premises less carbon-intensive with increased property tax payments, a quirk of the business rates system.

He also said more needed to be done

Read More

“We call those assets in the business world, and business is booming”: Klay Thompson throws out Inglorious Basterds reference while rating Warriors’ 2021 NBA draft prospects

Klay Thompson has been hyping Warriors and NBA fans up with his appearances on Instagram Live. Everyone wants a piece of Klay now.

The Golden State Warriors are currently at a fork in the road in terms of their future prospects. They could either move some of their talent away to acquire a superstar this summer, or they could choose to continue building organically, as they did so successfully in the 2010s.

Much of what goes into this decision will boil down to how Klay Thompson recovers in this offseason. This man has the ability to take the Warriors from a fringe playoff team to championship contention.

Now we don’t know how well he’s healed from the horrendous Achilles tear he suffered in November last year. What we do know, though, is that the Warriors have some assets to definitely take some of the load off his shoulders.

Also Read

Read More

CALL FOR ACTION / Great Lakes Business Network advocates for stronger measures to address harmful algal blooms

A coalition of businesses from Michigan, Ohio and Ontario have banded together to demand that policymakers take meaningful action related to Lake Erie’s harmful algal blooms.

The Great Lakes Business Network released a report this week entitled ‘The Impacts of Lake Erie’s Harmful Algal Blooms on Great Lakes Businesses,’ to coincide with the release of the National Oceanic and Atmospheric Administration’s (NOAA) annual harmful algal bloom (HAB) forecast for the lake.

NOAA is forecasting a relatively small bloom this summer, and if that forecast holds true it would be the first time since 2007 that the lake saw mild blooms in consecutive years.

The GLBN – which was formed in 2017 and consists of over 170 member businesses from the aforementioned states and Canadian province that ring the lake – held a webinar Tuesday to discuss its report, which can be found on their website: https://glbusinessnetwork.com/.

The document breaks

Read More

Edited Transcript of BEZG.L earnings conference call or presentation 23-Jul-20 10:00am GMT

LONDON Sep 1, 2020 (Thomson StreetEvents) — Edited Transcript of Beazley PLC earnings conference call or presentation Thursday, July 23, 2020 at 10:00:00am GMT

Ladies and gentlemen, thank you for joining us for the Beazley Interim Results Call. My name is Chat, and I’ll be the coordinator for this conference. (Operator Instructions) I’d now like to hand over to Andrew Horton, EO, to begin the call. Please go ahead, Andrew.

Thank you. Good morning, everyone, and welcome to our half year results presentation. If I move on to — go through the disclaimer and move on to the third slide in the presentation, it’s going to be the usual Beazley half year presentation in a slightly unusual format as Sally and I are sitting here in the office for the first time since March 17.

We have a special guest star, who’s Richard Montminy, who’s our Head of Property, who’s … Read More