Business

Kamola Makhmudova Honored with Inaugural ICA Outstanding Contribution Award for Pioneering Work in Compliance and Financial Crime Prevention | London Cult.

• 07/03/2024

07/03/2024

Kamola Makhmudova Honored with Inaugural ICA Outstanding Contribution Award for Pioneering Work in Compliance and Financial Crime Prevention

On June 27th, at the prestigious Westminster Park Plaza, Kamola Makhmudova, a celebrated figure from Uzbekistan, was honored with the inaugural ICA Outstanding Contribution Award 2024. Contribution Award – the only award that was awarded and selected directly by the…

Sunak promises to put a defence complex on "military rails" | London Cult.

News • Business

• 04/25/2024

04/25/2024

Sunak promises to put a defence complex on “military rails”

As an important step in strengthening the country’s defence, the UK government has unveiled plans to increase military spending from 2.32% to 2.5% of gross domestic product (GDP) by the end of the decade. Yesterday, during his visit to Poland,…

Banks closing down in hundreds of cities across Britain | London Cult.

Business • News

• 04/04/2024

04/04/2024

Banks closing down in hundreds of cities across Britain

Local economies are slowly dying in towns and villages all over Great Britain. Once bustling with the hum of trade, the central streets now echo with silence, and empty storefronts only continue to multiply. But it’s not just shops and…

Portsmouth Border Post: a £24 million useless enterprise | London Cult.

Business • News

• 03/26/2024

03/26/2024

Portsmouth Border Post: a £24 million useless enterprise

Portsmouth, a coastal city with a rich maritime history, has become a source of significant logistical issues emblematic of the overall situation in the country post-Brexit. At the heart of the matter lies a border control post worth £24 million,…

She-conomy: How Women Revitalised the Global Economy? | London Cult.

Business • Lifestyle

• 03/13/2024

03/13/2024

She-conomy: How Women Revitalised the Global Economy?

In a world where culture and business intertwine, women have become the leading protagonists, shaping the narrative of 2023. From the stage to the stadium, from bookstore shelves to local business displays, the influence of women on the economy and…

Budget 2024: Wealthy Non-Residents to Foot the Bill, Taxes to Decrease | London Cult.

Business • Culture • People • Town

• 03/07/2024

03/07/2024

Budget 2024: Wealthy Non-Residents to Foot the Bill, Taxes to Decrease

Chancellor of the United Kingdom, Jeremy Hunt, has announced a radical step aimed at changing economic policy ahead of parliamentary elections: a £10 billion cut in national insurance spending by abolishing tax breaks for non-residents (which, according to Hunt, should…

France to Be First to Enshrine Abortion in Constitution | London Cult.

Business • People • Town

• 03/07/2024

03/07/2024

France to Be First to Enshrine Abortion in Constitution

At a session in the Palace of Versailles, the French parliament made the landmark decision to establish abortions as a constitutional right. This move was met with thunderous applause in the assembly hall. In commemoration of this significant event, the…

Birmingham cuts cultural budget by 100% | London Cult.

Business • Culture • News

• 02/26/2024

02/26/2024

Birmingham cuts cultural budget by 100%

The City Council of Birmingham, known for its rich cultural landscape, has announced the complete cessation of funding for cultural initiatives and the arts. The new policy will even affect such vital institutions as the contemporary art gallery Ikon, the…

New Sanctions: Asset Freezing, Transport and Immigration Restrictions, etc. | London Cult.

Business • News

• 02/24/2024

02/24/2024

New Sanctions: Asset Freezing, Transport and Immigration Restrictions, etc.

Exactly two years after the start of hostilities, the United Kingdom announced the imposition of a new package of over 50 sanctions against individuals and entities supporting the war in Ukraine or benefiting from it. They were presented by Foreign…

One London district richer than three largest cities in the country | London Cult.

Business • Columnists • Town

• 02/21/2024

02/21/2024

One London district richer than three largest cities in the country

An analysis of capital gains tax has revealed a striking contrast: residents of the London district of Notting Hill accumulated more income from 2015 to 2019 than the entire populations of Liverpool, Manchester, and Newcastle combined. This points to two…

Erosion of the Climate Policy in the United Kingdom | London Cult.

Business • News

• 01/25/2024

01/25/2024

Erosion of the Climate Policy in the United Kingdom

Once a pioneer in the fight against climate change, the United Kingdom is currently undergoing disheartening shifts in its “green” policies. While it used to lead the rhetoric on environmental responsibility, the country now faces criticism and skepticism.

47,000 British businesses on the brink of collapse | London Cult.

Business • News

• 01/23/2024

01/23/2024

47,000 British businesses on the brink of collapse

According to the latest “Red Flag” report prepared by bankruptcy specialists Begbies Traynor, the United Kingdom is experiencing a serious economic crisis: more than 47,000 businesses are on the verge of collapse. This alarming discovery follows a 25% increase in…