Simon Hunt

[With thanks to @simon-hunt.bsky.social]

Coastlines To Take:

✍️ www.linestotake.com/p/a-walk-on-...

The Bank of England's quantitative tightening regime is moving up the agenda.

The rate the Bank sells gilts could determine whether the Chancellor meets her fiscal rules.

But can the Treaury change its relationship with the Bank to remove uncertainty?

Read my piece here 👇

lnkd.in/eBqfQ5wN

Trump thinks the DST is designed to punish American firms. While big US tech is probably the largest single contributor, there's no reason that must still be the case in saying a decade from now

It's also a myth that the DST adds some exceptionally high and unfair burden on tech businesses. It's very modest at 2% and the average tax burden of tech firms remains well below traditional bricks and mortar businesses

The DST as it stands is a relatively small revenue raiser, but a) UK shouldn't let Trump dictate fiscal policy and b) To replace it Reeves would have to make cuts or tax rises elsewhere, which she doesn't seem that good at doing

Starmer mustn't let Trump kill the Digital Services Tax There are good reasons to think a trade deal should not give either party the right to interfere with the other’s domestic tax policies.

For the Spectator I argue that the government should not scrap the Digital services tax in exchange for a deal with the Donald
www.spectator.co.uk/article/star...

Chart here shows how rapidly things have crept up after a pandemic lull when there was government support

Tomorrow's City AM front page: Businesses on the brink. My analysis finds corporate winding up orders have reached a level not seen since the financial crisis

Thank you!

Thanks Jack, appreciate it

Agree with this from @jackkessler.bsky.social and to it I would add: first class has also become distinctly shitter on British trains

Very excited for the new role and have lots of big plans

Some news: I am starting a new job as City Editor at City AM.

If you eat 5% of your bodyweight of anything in a day, it'll probably do you harm.

Schroders upgrades Revolut stake, implying $48bn valuation - UKTN Revolut's valuation has been upgraded by one of its best-known shareholders, implying a rise to $48bn. The upgrade by Schroders Capital Global Innovation

New: Revolut valuation rises to $48bn www.uktech.news/fintech/schr...

DSIT officials met with Google, Anthropic to discuss AI in public services - UKTN Senior officials at the UK government's tech department met with Google and Anthropic to explore the use of AI in public services as chancellor Rachel

Instead they are just going to the big US firms for tech: www.uktech.news/government-p...

DSIT officials met with Google, Anthropic to discuss AI in public services - UKTN Senior officials at the UK government's tech department met with Google and Anthropic to explore the use of AI in public services as chancellor Rachel

In case you were wondering who the government is going to get to do all its AI stuff
www.uktech.news/government-p...

This Spring Statement has only created more uncertainty - UKTN We live in an uncertain world. Or, as Rachel Reeves put it in the House of Commons this afternoon: "Mr speaker the world is changing. We can see it and we

www.uktech.news/government-p...

This is only true for non-graduates. Add another 15% for grads.

Ok well however long the average repayment period was, you can at least treble it for me.

But the pre-2012 grads mostly had paid off their debt before they turn 30. By my calcs my £40k loan will ultimately cost me £100k+ and another 20 years to pay down! That's quite a lot of extra taxes

This is true if you don't count tuition fee repayments as a tax. If you do, you can add up to 15%. That's a big change since 2010.

Indeed, or 15% if you've also done a masters.

Oxford Nanopore warns of 'risks to US federal funding' as shares slip - UKTN Shares in Oxford Nanopore sunk as much as 12% in early trade as the biotech business warned of the potential knock to sales of a cut in US federal

It's not just US research that will be impacted by DOGE funding cuts -- UK firms are also starting to fret
www.uktech.news/news/oxford-...

Some personal news: pleased to share I’ve just joined @news.sky.com UK as a data journalist!

Looking forward to working with the talented reporters on the Data & Forensics team.

Congrats! 🥳

‘We’ll follow that quickly’: UK AI minister on Macron’s €109bn AI plan - UKTN The UK government will quickly “follow” the €109bn investment announcement from France’s President Macron, AI Minister Feryal Clark has said.

Good scoop here from @oscarhornstein.bsky.social -- UK gov appears a bit rattled by the Macron €109bn AI pledge and now looks to be plotting something in response
www.uktech.news/ai/well-foll...

Conigital: Autonomous vehicle startup appoints liquidators after claiming to raise £500m - UKTN Conigital, an autonomous vehicle company that announced it had raised half a billion pounds in 2023, has appointed a liquidator.

8 months ago, UKTN reported doubts as to whether autonomous vehicle startup Conigital had really raised £500m like it said it had. Now the firm has gone bust. Excellent reporting from @oscarhornstein.bsky.social www.uktech.news/ai/conigital...

Tesla sales sunk 12% in January despite best-ever start to the year for EV market - UKTN Sales of Tesla vehicles slipped as much as 12% in January despite it being the best month on record for the EV market in the UK, fresh data has found. A

🤯Wow. Tesla sales slipped 12% in January despite it being the best-ever start to the year for the EV market in the UK.
www.uktech.news/evs/tesla-sa...

Lime vows to sort out e-bike parking with £20m 'action plan' - UKTN The biggest operator of e-bikes in London has vowed to sort out the capital's e-bike parking problem after unveiling a £20m 'action plan'. The

Lime have finally conceded they have a parking problem and are finally trying to do something about it (ft the superb photography of @tomdavidson92.bsky.social)
www.uktech.news/travel/lime-...