Rishi Sunak has suggested he may have to introduce further tax rises as the economy emerges from the COVID-19 pandemic, declaring: “Our recovery comes with a cost.” Speaking at the Conservative Party conference in Manchester, the chancellor sought to emphasise that the party remains committed to fiscal responsibility, despite unprecedented government borrowing amid the coronavirus
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A significant data leak of more than 11.9m files pertaining to the tax affairs of many rich, famous and political figures – dubbed the Pandora Papers – has shone a spotlight on people including Elton John and Shakira. Also included in the report is the film producer Konstantin Ernst, the Vladimir Putting ally whose credits
The fuel supply crisis is “virtually at an end” in parts of the UK, but problems persist in London and the South East, the Petrol Retailers Association has said. There has been no overall improvement in the crisis in the last 24 hours, the group added. However, issues with getting fuel were “virtually at an
UPDATED with NBCUniversal statement. NBCUniversal and YouTube TV have renewed their carriage deal, averting a potential blackout. In a statement, NBCU said it didn’t want to “involve our fans” in a carriage battle, but felt “obligated” to warn them about the looming impasse last week. “We are thrilled to have reached a deal with YouTube
A British logistics start-up backed by the Amazon founder Jeff Bezos and other titans of the technology world is raising tens of millions of pounds to help it satisfy booming demand for its services. Sky News has learnt that Beacon, which helps companies to manage their supply chains more efficiently, has sealed a $50m (£37m)
3RD UPDATE, 3:11 PM: Alyssa Milano has provided a positive update on her uncle Mitch Carp’s health status. She says that he is now “doing well,” although he “probably needs open heart surgery,” after suffering a heart attack while driving on August 17. “I mean, he has a long road of recovery,” she told Entertainment Weekly
The restaurant empire founded by Sir Terence Conran is to change hands for the first time in nearly a decade after its owners entered exclusive talks with a little-known private equity investor. Sky News has learnt that D&D, which owns prominent London restaurants such as the Bluebird in Chelsea, Coq d’Argent in the heart of
On Saturday, the Los Angeles County Department of Public Health reported 20 new deaths from Covid-19, as well as 1427 new positive cases. The number of deaths and confirmed cases reported today may reflect delays in weekend reporting. But today’s data brings the County to a total of 26,143 deaths and 1,462,013 positive cases. At
A US private equity firm has won the auction for British supermarket group Morrisons with a £7bn bid. Clayton, Dubilier & Rice (CD&R) bid 287 pence per share. Morrisons is Britain’s fourth-biggest supermarket by market share, after market leader Tesco, Sainsbury’s and Asda. Based in Bradford, the business began as an egg and butter merchant
UPDATED with latest: After 24 hours of turmoil involving detailed allegations of sexual coercion and misconduct against a former coach, National Women’s Soccer League commissioner Lisa Baird has stepped down. An official statement posted to the league’s Twitter account late Friday read, “The National Women’s Soccer League has received and accepted Lisa Baird’s resignation as
Sir Keir Starmer has called on the government to take “emergency action to get a grip” on the HGV driver shortage causing fuel and food shortages. The Labour leader said the prime minister needs to deploy the 150 army drivers that are on standby now to petrol stations across the UK after an independent fuel
The DGA’s current film and TV pact doesn’t expire until June 30, 2023, but the guild is already gearing up for those contract negotiations. Director Jon Avnet has been named chair of the negotiating committee, and directors Karen Gaviola and Todd Holland have been named co-chairs. The DGA National Board unanimously approved their appointments. DGA
Motorists could face another “week or so” of long queues at the filling stations, a minister has said, because of an “unprecedented demand” for petrol and diesel. Policing minister Kit Malthouse said on Friday if the crisis does not ease in the coming days, Boris Johnson stands ready to review the situation, which has been
More than 100 Democrats in the House and Senate and independent Bernie Sanders have signed a letter urging the Alliance of Motion Picture and Television Producers to negotiate a fair contract with IATSE, saying, “We are united in our belief in the importance of livable wages, sustainable benefits, and reasonable rest periods between shifts and
The fuel crisis is “back under control” as more is now being delivered to petrol stations than is being sold, a minister has told Sky News. After days of long queues at petrol stations and with many running out of fuel, Simon Clarke, chief secretary to the Treasury, said the main message today is “there
Top movie theater operator AMC Entertainment has retired $35 million in high-interest debt, the latest step in its effort to stage a financial comeback from Covid-19 and keep pace with a fast-evolving movie business model. The repurchase of the secured notes, which carried an interest rate of 15% for cash and 17% for payment-in-kind, reduced
The UK economy grew more strongly than previously thought in the second quarter as consumers curbed their savings to fuel a spending splurge. Gross domestic product (GDP) increased by 5.5% in the April-June period, according to the Office for National Statistics (ONS), which had initially estimated growth of 4.8%. It means that by the middle
The Art Directors Guild, IATSE Local 800, is “wholeheartedly” urging its members to authorize a strike against film and TV production companies all across the country. The leadership of all three IATSE locals with national jurisdiction – the Art Directors Guild, the International Cinematographers Guild and the Editors Guild – have now gone on record
Energy firm Igloo, along with two others, have confirmed they are ceasing to trade as the record surge in wholesale energy costs continue to take their toll on small suppliers. Industry regulator Ofgem said the customers of Igloo, Symbio Energy and ENSTROGA would be sheltered through the appointment of a new supplier in due course.
The Los Angeles City Council voted Wednesday to designate the 95-year-old Granada Theater in Wilmington as a historic-cultural monument. The 1,000-seat venue opened its doors in 1926 to host vaudeville acts. It changed owners numerous times and over the decades has been used as a performance arts center, filming location, World War II-era movie house