More than 600,000 people will miss Tuesday’s self-assessment deadline, resulting in a £60m bumper haul of late penalties for HM Revenue and Customs.
Cineworld Declares It Wants to Recover from Bankruptcy Act
Cineworld Group Plc stated that it plans to emerge from bankruptcy unscathed after senior lenders were reported to have been considering a sale of its east European operations.
Ofgem says that energy bills without government help would reach nearly £4,279
Ofgem, the British energy regulator, stated that its price cap for household energy bills would increase by 21% to £4,279 ($5,172) per year from January 2023 to March 2023.
British energy regulator claims that companies are failing to protect vulnerable customers
The British energy regulator stated Tuesday that many companies are not doing enough to help vulnerable customers in winter.
UK: Two million face paying 60pc income tax
A deep freeze on thresholds by Chancellor Jeremy Hunt has resulted in two million workers being subject to an effective 60pc income tax rate by 2028.
After the Government cuts support, household energy bills will rise by £500
After the Government reduced taxpayer support, households will have to pay an additional £500 for their energy in the next year.
Jeremy Hunt increases taxes to tackle UK public finances
Jeremy Hunt, the British finance minister, announced a series of tax increases and tighter spending in a difficult budget plan that he called necessary to restore the country’s public finances. He
Cineworld Shares Surge After Bankruptcy Settlement with landlords, lenders
Cineworld Group, a movie theatre chain, announced Monday a bankruptcy settlement. This allowed the company to borrow $150 million more and repay $1 billion in debts.
Cineworld files for bankruptcy protection in the USA
Cineworld Group filed for bankruptcy protection in the US as the debt-laden company seeks to restructure.
Over the last eight years, the two brothers who run Cineworld have been paid almost £26m in salary – nearly equal to the firm’s current value.
Since joining Cineworld’s board of directors in 2014, Israel Greidinger and Mooky have been each paid huge sums. The company now faces bankruptcy.
Cineworld pays $100m to lawyers and bankers in an unfortunate survival battle
The second-largest cinema operator in the world is looking for a rescue plan.