The latest news, comment and analysis as the United Kingdom steps back into the World as a sovereign trading nation.

Joined January 2020
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Anglo shareholders have every reason to be sceptical of the proposed £50bn Teck mega-merger. The risks flagged in @theLDNstandard are significant — and growing 🧵
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🚨Anglo American has been forced to climb down thanks to investor pressure. The FTSE 100 miner scrapped plans to hand its boss a share bonus worth about £8.5 million if he secures its $50 billion merger with Teck Resources.
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🤔So the mining giant wants to guarantee a multimillion-pound windfall for its execs — on the back of a merger that hasn’t even happened yet. Meanwhile, shareholders & advisory groups are already waving ‘red-top’ warnings. A classic example of executive failure being rewarded.
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"To growing alarm, the term “broken Britain” now seems to have found its way into the failure of all three of the UK’s major economic institutions – the Treasury, the Bank of England and the OBR." @JeremyWarnerUK
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🚨The UK is set to suffer the second highest level of inflation in the G7 over the next year as a result of the Labour government’s decisions to pile extra costs on businesses, the OECD has said, as it also warned recent tax hikes will hit growth.
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🚨"We cannot afford another wasted year of high tax and low growth. We need to align the country’s compass to the North Star of economic growth, so we achieve the rising living standards and prosperity we desperately need." Lord @matthew_elliott
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🚨The chancellor’s measures, including a freeze on income tax thresholds that will mean 1.7 million people paying more, take the tax burden to an all-time high, according to the OBR. How many times did this government promise growth in their manifesto?
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🚨Bosses at the Woodsmith Mine project in north Yorkshire - which is trying to gain access to the world's largest known deposit of polyhalite fertiliser - have cut jobs at the site while hiring workers from Belarus.
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“Woodsmith was meant to be a jobs boost for Teesside and North Yorkshire, [not] workers coming in from sanctioned states like Belarus." Tees Valley Mayor @BenHouchen
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Anglo shareholders have every reason to be sceptical of the proposed £50bn Teck mega-merger. The risks flagged in @theLDNstandard are significant — and growing 🧵
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🇬🇧And for UK investors specifically: the merged group will be headquartered in Canada, not the UK. 🚨That means fewer UK-based benefits — and cost-synergy cuts are expected to fall heavily on UK operations.
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🤔Is Anglo taking on too much regulatory, environmental and operational risk — with too little clarity on value creation for UK shareholders? 📰Read more👇 standard.co.uk/business/angl…
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