Author: Scott Dylan

Bitcoin’s value has reached unprecedented levels, surpassing $80,000.The surge aligns with political shifts in the US as Trump edges closer to a Congressional majority.Promises of cryptocurrency deregulation are fuelling market optimism.Potential regulatory changes could significantly impact the digital asset landscape.Analysts express a mix of bullish optimism and caution regarding market volatility.Bitcoin has experienced a remarkable increase, surpassing the $80,000 mark, coinciding with Donald Trump’s political advancements towards controlling Congress. This rally highlights the cryptocurrency’s over 80% value increase this year, driven by expectations of a more crypto-friendly administration.Trump has committed to transforming the United States into “the crypto capital of…

The UK is advancing its digital identity initiative with a new card for veterans, promising improved access to services.The Digital Veteran Card will replace physical ID cards, enhancing efficiency in accessing veteran benefits.This initiative highlights the government’s commitment to leveraging technology for public service improvement.While supporting digital ID, experts urge caution over potential risks to minority groups and civil liberties.Launching next year, the card aims to streamline access to housing, employment support, and discounts.The UK’s initiative to introduce a Digital Veteran Card marks a significant step in the country’s broader digital identity efforts. This new card is designed to replace…

Economists warn that proposed 20% US tariffs could slash UK exports by £22bn.The sectors at risk include fishing, petroleum, mining, pharmaceuticals, and electrical goods.A reduction in trade with the US could lead to a 2.6% decline in UK exports and a 0.8% drop in economic output.Potential tariffs may cause global economic strain, affecting industries beyond direct exports.UK officials stress the importance of negotiating exemptions and maintaining free trade.Economists have raised alarms about the potential imposition of a 20% tariff on UK exports to the US, which could lead to a stark £22bn decrease in export value. Such a move would…

In a strategic shift, Asda has announced further job reductions, just days after making 500 staff redundant without prior consultation.The latest round of job cuts is anticipated to affect IT personnel involved in the grocery retailer’s ongoing transformation project known as ‘Project Future.’ This initiative focuses on detaching Asda’s IT infrastructure from its former parent company, Walmart. While the exact number of affected head office staff remains undisclosed, Asda has categorised it as ‘meaningful.’The decision comes shortly after Asda mandated that over 5,000 of its head office employees return to the office for a minimum of three days per week.…

Bitcoin has surged past $80,000, driven by expectations of a crypto-friendly administration under Trump.The cryptocurrency market anticipates a potential split from current regulations, stirring investor excitement.Trump’s promises include making the US a ‘crypto capital’ and appointing pro-crypto regulators.The removal of SEC Chair Gary Gensler might be one of Trump’s first actions to encourage the crypto sector.This surge in Bitcoin value reflects broader market optimism about deregulation and economic policy changes.Bitcoin recently achieved a remarkable milestone, surging past the $80,000 mark as expectations for a more crypto-friendly administration took hold. Investors have been buoyed by the prospect of significant deregulation in…

Following recent changes in government policy, Tesco is set to experience a substantial financial impact as its National Insurance obligations are projected to rise significantly. The alterations in employer contributions, announced in the latest Budget, are poised to add an extra £1 billion to Tesco’s tax bill over the next four years.Tesco, which employs over 300,000 people, is expected to see its annual tax expenses swell by £250 million starting next April, according to a detailed analysis by Morgan Stanley. This forecast follows the announcement by Chancellor Rachel Reeves, whose inaugural Budget delineated the increase of employers’ National Insurance contributions…

Asda plans more redundancies following the layoff of nearly 500 head office staff without prior consultation.The next phase of job reductions is expected to focus on employees involved in Asda’s IT overhaul.Asda has not confirmed the exact number of employees affected but has described the upcoming redundancies as ‘meaningful’.Despite the abrupt job cuts, Asda claims to have adhered to employment rules, offering greater compensation than required.The organization’s decision is driven by a need to reduce duplication and simplify its structure.Asda is preparing to implement another wave of job cuts following the recent dismissal of close to 500 employees from its…

Asda, a leading supermarket chain, is under scrutiny following reports of further job cuts. The company plans more redundancies affecting staff involved in its Future programme aimed at IT infrastructure overhaul. Recent actions include the dismissal of 500 employees without a mandatory consultation period. Lord Stuart Rose defended the approach citing enhanced compensation packages. The GMB Union has criticised the lack of consultation.Asda, one of the UK’s largest supermarket chains, is reportedly planning another round of job cuts. These redundancies target a significant number of employees working on the retailer’s Future programme, which seeks to modernise its IT systems following…

M&S awaits a critical decision on its Marble Arch redevelopment proposal, set to transform its flagship location.The Deputy Prime Minister is set to make a final ruling on the planning proposal by early December.M&S plans include demolishing existing structures to establish a new 10-storey building with retail and office spaces.Previous plans were halted due to concerns about the impact on nearby historical landmarks.M&S successfully challenged a prior decision, seeking approval to rejuvenate the area.M&S is on the verge of a significant transformation at its iconic Marble Arch site with a decision pending that could reshape the space dramatically. The retailer…

Tesco is facing a significant increase in its National Insurance costs due to recent government policy changes.The Chancellor’s decision will see employer contributions rise from 13.8% to 15%.Tesco, with 300,000 employees, expects an additional £1 billion in tax expenses.This increase follows a broader trend affecting major retailers like Asda and Sainsbury’s.Retailers are struggling to absorb these costs, potentially impacting consumer pricing.Tesco is bracing for a substantial rise in its National Insurance expenses, amounting to an estimated £1 billion extra. This financial challenge arises from policy adjustments announced by Chancellor Rachel Reeves, increasing employer contributions to 15% on earnings above £175…