Weekly Digest – 14 June 2023

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy.

Windfall tax to end if energy prices drop

The UK government will scrap the windfall tax on oil and gas firms if prices fall to normal levels for a sustained period. Halting the windfall tax would reduce the overall tax rate on energy firms from 75% to 40%.It was introduced last year to help fund a scheme to lower energy bills for households and businesses.

Economists dismiss Tory push to scrap inheritance tax

Inheritance Tax (IHT) reform is being proposed in the UK.  Calls by senior Tories to abolish inheritance tax (IHT) have been met with scepticism from senior economists and tax experts.

Ukrainian families supported into own homes with £150m funding

The UK government has provided £150 million in funding to support Ukrainian families into their own homes.  Funding can be used by councils to help Ukrainian families into the private rental sector, help them get jobs, and continue sponsorship for guests’ second year in the UK.

Top 6 things you didn’t know about cryptocurrency

Cryptocurrency is a digital currency that is decentralised and secure. It is not controlled by any government or central bank. It is used for online transactions and can be used to purchase goods and services. It is also used for investment purposes and is becoming increasingly popular. This article highlights some considerations if you are looking to invest in cryptocurrency.

Plans revealed for 37-storey residential and student property project

Plans have been revealed for a 37-storey residential tower in Birmingham city centre. Solihull-based developer Sama Investments is hoping to win backing for its scheme in the Bordesley Green area which would contain 500 new apartments and 650 student bedrooms across four blocks.

The English manor house that became a thriving commune

Old Hall is a commune in Suffolk, England, where a group of people live together in a former manor house. They share resources, work together, and have a strong sense of community. They are self-sufficient and have a sustainable lifestyle, growing their own food and generating their own energy. There’s been a boom in interest in communal living in recent years. Could it be the answer to some of the crises of modernity?

Hull’s The Edge Hub opens with ‘whole eco-system’ of skills and innovation on offer

Hull’s Edge Hub has opened, providing a space for tech companies to collaborate and innovate. The Edge Hub has transformed a long-vacant building opposite Hull’s Bonus Arena, providing a contemporary co-working location with substantial event space.

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