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BBCNEWS BBC News July 6, 2024

has responded to reports that he had to pay a penalty as part of a multi million pound tax settlement. in a statement, the former chancellor said the tax office had disagreed about the exact allocation of shares his father had in the polling company yougov, which mr zahawi founded. he said hmrc, which is the uk s tax authority, had concluded it was a careless and not deliberate error, and that he had paid what was due. labour had earlier called for mr zahawi to resign over the matter. our political correspondent, jonathan blake, has more on today s statement. for almost a week, nadhim zahawi has been under pressure to give more detail about his tax affairs. there is one central question at the heart of this scrutiny and that is whether he used an offshore entity to hold shares in the polling company yougov which he set up before he came to politics back in the year 2000, and also whether subsequently he has paid a settlement to hmrc for tax that he owed as a result of p ....

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BBCNEWS Outside Source July 6, 2024

the electric car battery maker britishvolt has gone into administration after hopes of a last minute bid for the company faded. the collapse raises questions about uk hopes of building a home grown battery industry. the company, which had plans to build a gigafactory to make the uk start up had been expecting to build a new 5.8 billion or $4.7 billion factory in northumberland, as part of a long term vision to boost uk manufacturing. well, this promotional video shows what the factory with a capability to make 300,000 electric batteries a year would have looked like. the plan was to create 3,000 jobs at the plant. now, administrators have taken over the business and most of britishvolt s 300 staff are being made redundant. here s our business editor simonjack. so what went wrong? britishvolt was a start up company with no track record. their battery technology was only at the prototype stage. although there are expressions of interest from lotus and aston martin ....

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BBCNEWS BBC News at Ten July 6, 2024

become could the uk s richest man own manchester united? andy murray powers to victory for his match at the australian open. it and coming up on the bbc news channel: harvey elliot s on target, but can liverpool seal their spot in the next round of the fa cup, with a win over wolves in their replay? good evening. the electric car battery company britishvolt has collapsed making most of its 300 staff redundant and putting the future of the uk s electric car making industry into serious jeopardy. the company had been planning to build a giant battery making factory in northumberland it was to be a vital part for britain s electric car industry with petrol and diesel engines being phased out by 2030. britishvolt had planned to make around 300,000 batteries a year to power around of a quarter of electric vehicles on the british market. but it has collapsed after months of trouble as it struggled to raise enough money to stay afloat. our business editor simonjack ....

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BBCNEWS Breakfast July 6, 2024

round action this morning, just a day after his longest night and record breaking comeback in melbourne. and it is never cold and frosty start today in england and wales. a storm for scotland and northern ireland, said to turn milder this weekend. all the details here on breakfast. it s saturday 21 january. our top story: labour is calling for the prime minister rishi sunak to sack nadhim zahawi as the conservative party chairman, after reports he paid a penalty to hmrc as part of a multi million pound tax settlement. the ex chancellor has been under pressure over claims he tried to avoid paying tax and has now had to pay it back. the bbc has approached mr zahawi for comment on the allegation and is yet to receive a response. he has previously said that his taxes are properly declared and paid in the uk. david wallace lockha rt reports. nadhim zahawi is the chairman of the conservative party and sits around the cabinet table. he was the chancellor for a few months in the fina ....

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BBCNEWS BBC News July 6, 2024

hello, welcome. the uk conservative party chairman, nadhim zahawi, has responded to reports that he had to pay a penalty as part of a multi million pound tax settlement. in a statement, the former chancellor said the tax office had disagreed about the exact allocation of shares his father had in the polling company yougov, which mr zahawi founded. he said the uk s tax authority, hmrc, had concluded it was a careless and not deliberate error and that he had paid what was due. labour had earlier called for mr zahawi to resign over the matter. our political correspondent jonathan blake has more on today s statement. yes, for almost a week, nadhim zahawi has been under pressure to give more detail about his tax affairs. there is one central question at the heart of this scrutiny, and that is whether he used an offshore entity to hold shares in the polling company yougov, which he set up before he came into politics back in the year 2000, and also whether subsequently he has p ....

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