By Harry Wise
Updated: 03:21 EST, March 4, 2024
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Companies with trading reports and updates today include Aviva, Clarkson, THG, Vertu Motors, Wizz Air, Hipgnosis Songs Fund, AstraZeneca, Halma and Intertek Group.
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CBI calls for ‘stealth tax’ on mileage allowance to be removed from budget
The CBI has called for a ‘hidden tax’ on mileage to be scrapped in Wednesday’s Budget after figures suggested it was causing some employees to refuse to take their cars on business trips.
Approved Mileage Allowance Payments (AMAP) allow companies to reimburse around two million workers for using their cars or vans for business trips without incurring additional taxes.
Banks will report 1 million fraud cases in a year
The number of reports of suspected fraud lodged by banks will reach one million a year for the first time, the Mail reveals.
Fraud is one of the reasons why people or companies can have their accounts forcibly closed, also known as “unbanking.”
The FTSE 100 index opened at 7,682.50
The pound was trading at $1.2677 at 8 a.m., compared to $1.2651 at the previous close.
Share or comment on this article: LIVE TRADING: Aviva buys Probitas; Hipgnosis portfolio value cut; Clarkson achieves record year
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