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Henry Mauriss is an accomplished executive and entrepreneur with over 25 years of experience in consumer marketing, media, and branding.

While he has made significant strides in the business world, Mauriss is equally known for his deep commitment to philanthropy, specifically addressing the homelessness crisis in California. Mauriss is in the process of founding Joshua’s Collective, a humanitarian initiative focused on restoring the homeless to society, for the purpose of tackling one of the most pressing issues in the state.

Joshua’s Collective will take a holistic approach, addressing the root causes of homelessness—such as mental health, addiction, and unemployment—rather than offering temporary fixes. By providing comprehensive support including job readiness and placement, mental health care, and long-term housing, the organization aims to bring lasting change to California’s homeless population.

Driven by a strong belief in financial discipline and data-driven solutions, Mauriss applies the same strategic mindset to his philanthropic work as he does to his business ventures. His vision is to not only reduce homelessness but to create a sustainable model that empowers individuals to regain control of their lives. Combining his business expertise with a passion for social impact, Mauriss is making a real difference in the lives of those most in need.

What inspires you to create Joshua’s Collective, and why focus specifically on the homeless crisis in California?

Joshua’s Collective was born from a deep sense of responsibility. I’ve been fortunate enough to achieve success in business, but I’ve also seen the human cost of neglect and systemic failures up close. Homelessness isn’t just a statistic; it’s a human tragedy unfolding in front of us every day. California, as you know, has the largest homeless population in the U.S., and despite billions of dollars being spent, we’ve seen little to no improvement. That tells me we’re addressing the problem the wrong way. Joshua’s Collective will focus on the person, not just their housing situation, and that makes all the difference.

How will Joshua’s Collective differ from other initiatives aimed at addressing homelessness?

One of the biggest flaws in current government-led efforts is the singular focus on housing. Don’t get me wrong, housing is crucial—but it’s not the only piece of the puzzle. Many homeless individuals suffer from untreated mental illness, addiction, or have been isolated from society for so long that reintegration is challenging. Our approach at Joshua’s Collective will be fundamental. We don’t just place people in temporary shelters; we focus on mental health care, addiction treatment, job training, job placement, and ultimately, permanent housing. By treating the whole person, not just their immediate need for shelter, we create long-term solutions.

You’ve mentioned financial discipline as a key part of Joshua’s Collective’s strategy. Can you elaborate on that?

Absolutely. The way funds are spent in government programs is often inefficient, and the results speak for themselves. California has spent $24 billion between 2019 and 2023, yet homelessness continues to rise. Our approach is data-driven and disciplined. We project that we can restore individuals to society at an annual cost of about $17,528 per client over two years. That’s less than half of what the government spends per person annually. We’re able to keep costs down by adhering to strict financial controls, focusing on practical solutions, and holding ourselves accountable. After two years, our clients should no longer require financial support from us because they’ll have jobs, housing, and a renewed sense of purpose.

Given the scale of the homeless crisis, do you think your approach can truly make a dent in the problem?

I believe it can, and I wouldn’t be pursuing this if I didn’t. The homeless population in California is overwhelming, but change happens one life at a time. Our objective isn’t just about numbers—it’s about people. We plan to significantly reduce the population of unsheltered homeless individuals, but the real victory is restoring their dignity and providing them with the tools to live independently. If we address the root causes, we can break the cycle of homelessness. Joshua’s Collective is committed to the long haul, and I believe we’ll see meaningful results where other efforts have failed.

How will you measure success in Joshua’s Collective? Is it simply about reducing homelessness?

Reducing the numbers is part of it, but success, to me, goes beyond that. Success means restoring lives. It’s not enough to get someone off the streets temporarily—we want to equip them with the tools they need for lasting change. That means mental health care, addiction recovery, job readiness, and stable housing. We’ll be tracking outcomes rigorously—how many people transition to permanent housing, how many find sustainable, permanent employment, and how many can maintain their mental health or stay free of substance abuse. We’ll consider ourselves successful when the people we help no longer need us.

Many efforts to address homelessness become politically charged. How does Joshua’s Collective plan to navigate that?

Joshua’s Collective is a humanitarian effort, not a political one. That’s a key distinction. Homelessness affects everyone—business owners, families, and, of course, those experiencing it firsthand. It’s not about party lines. We’re focused on solutions that work, not on playing politics. I’ve seen too much energy wasted on ideological debates while real people suffer. The work we do is driven by compassion, practicality, and efficiency, and we’re willing to work with anyone who shares that vision.

What role does data play in your approach to solving homelessness?

Data is critical. We’ve studied two decades of research on homelessness, along with real-time information on what’s working and what’s not. This isn’t a guessing game. By tracking specific metrics—cost per client, long-term outcomes, and program success rates—we can adjust and improve our approach as we go. I believe in accountability, not just for the sake of financial discipline, but because we owe it to the people we’re trying to help. They deserve a system that’s adaptive and responsive to their needs, not one that throws money at the problem without understanding whether it’s making an impact.

How do you envision the future of Joshua’s Collective and its impact on California?

I see Joshua’s Collective as a model for what homelessness initiatives could and should be. It’s not enough to keep applying band-aid solutions to a crisis of this magnitude. The future of our organization is rooted in expanding our services, refining our approach, and showing that, with the right strategy, homelessness can be significantly reduced. In five years, I hope we’ll have restored thousands of people to society, reduced the homeless population by tens of thousands, and created a system that others can replicate in their cities and states.

What message do you have for people who are skeptical about solving homelessness?

To the skeptics, I’d say this: Yes, it’s a complex problem, but complexity doesn’t mean we should accept failure. Too often, people throw their hands up and say, “It’s too hard.” But every individual helped, every person taken off the streets and given a new start, proves that change is possible. Joshua’s Collective isn’t just about managing homelessness—it’s about solving it. That requires determination, compassion, and a willingness to embrace new approaches.

Key Takeaways:

Joshua’s Collective will emphasize a multi-faceted approach to solving homelessness, focusing on more than just housing, but also addressing mental health, addiction, and employment.
The initiative aims to substantially reduce homelessness by tackling the root causes through a data-driven and compassionate methodology.
Financial discipline is a core principle, as Joshua’s Collective commits to restoring homeless individuals at nearly half the cost per person compared to government programs.

Read more:
A Vision of Compassion and Change: Henry Mauriss on Joshua’s Collective and Solving California’s Homeless Crisis

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Almost a third of the world’s population has engaged in sports betting at some point in their lives. The number of players is constantly growing, which is due to the popularity and accessibility of bookmaker websites around the world.

If we list the regions where the population has a special passion for sports betting, then a fairly large number fall into this category.

TGM Research conducted a unique survey of betting engagement in 44 countries in 2022. For 12 months, 56% of respondents had placed any bets, while 35% had bets on sports. They also reported Sports betting  incidence by region:

EU – 31%
APAC – 32%
MENA – 35%
Africa – 48%
North America – 23%
LATAM – 40%

“Bookmakers who are planning to open their business internationally need to know about market trends to navigate the needs of players and the market as a whole,” notes the BetB2B expert.

General global trends

According to statistics in 2023, the global sports betting market was valued at $160 billion. It is projected to grow to 325 billion US dollars by 2031.

Betting in USA

“The legalization of betting in the United States is a recent and progressive development. There are many sports you can bet on here, but the most popular are still bets on hockey and the NFL. At the same time, forecasts for NHL, NBA, MLB”, analysts of  BetB2B notes.

CRG Global for the Variety Intelligence platform provided statistics as of 2023, which indicate that 81% of bettors over 18 years old place bets on the NFL. 54% of bettors placed bets on basketball events (NBA).

70-75% of all revenue betting companies make from NFL betting.

When looking at betting on European football, it is the 5th most popular sports betting option in the US. Although all over the world it is one of the most popular sports in bookmaker ratings. Football bets accounted for 70% of the global market. In most countries, it is the main sport for sports betting.

Betting in India

There are only a few states that allow sports betting:

Sikkim;
Nagaland;

Different states have different lists of sporting events for legal betting. The number of active bettors in India in 2024 will be 1% of the total population, about 14 million users. This is expected to grow to 19 million active bettors by 2029.

For example, in Sikkim, players only forecast for:

Horse racing.

Global Online sports betting market revenues are expected to grow in 2024 and could reach nearly USD 50 billion. India’s share will be nearly $2 billion. Such low numbers only prove how poorly regulated sports betting is in India, despite having one of the highest populations in the country.

Interestingly, according to statistics, the main income from betting came from cricket – 80-90% of the entire volume. India adopted their love for cricket from Great Britain.

During the peak of the coronavirus epidemic, the growth in interest rates did not stop. On average, 140 million people in India have bet on sports at some point. A significant increase in betting was seen in the IPL (Indian Premier League), which attracted an audience of 340 million Indians. The largest number of bets was recorded on these matches.

Forecasts for 2024, promise online betting revenue of approximately  1.97 billion rupees. The betting market is expected to grow at a growth rate of 6.98%, generating 2.58 billion by 2028.

Betting in the United Kingdom

The country has one of the largest markets in the betting industry, according to experts from BetB2B. The bookmaker industry has operated in England for decades. More than 49% of the population uses the services of betting companies. In 2021 the UK accounted for 23% of the  European betting market.

The online sports betting market in the UK will have a revenue of $4.56 billion in 2024.

Betting capitalization rating by sport:

Football is the most popular sport, with 45% of players betting on it. The second place in terms of bets is occupied by horse racing, which accounts for 37%.
Golf follows at 9%.
Tennis and boxing are at the same level – 8%.
Rugby union, cricket, and darts – 6%.
Greyhound racing, NFL, and motorsports – 5%.
Snooker/Pool – 4%.
Rugby League, MMA, NBA – 3%.
Major League Baseball – 2%.

Following analytics, around 25 million UK residents support the gambling and betting industry, which is one of the most popular forms of entertainment in the country. 45% of residents visit gambling and betting establishments monthly. The dominant age of players varies from 44 to 64 years.

Betting in France

The country demonstrates positive dynamics in the growth of gambling and betting revenues. Total revenue for the first part of 2023 increased by 10.1% (€1.18 billion).

For 2024, profit is projected to grow to $1.91 billion. An average growth rate of 6.75% is expected for the period 2024-2028. As a result, an increase in market profits is expected at 2.48 billion euros.

It is also expected that by 2028 the number of players will grow to 6.1 million people. At the beginning of 2023, the total number of active players was 3.86 million. This figure increased by 3.3% compared to the previous year.

The most profitable types of sports betting in France:

Football is a favorite of the French, so it is from this sport that providers make the most profit. Brings 58.2% of revenues, 436.8 million euros.
Second place goes to tennis, as its income is 175.4 million euros, 23.4% of the total.
Basketball – 10.3%, 76.9 million euros.
Rugby – 1.2%, 9.2 million euros.

France has a high growth potential for betting companies. “By 2025 French betting companies will be able to begin their activities after the 5-year moratorium ends. There is time to prepare and purchase decent software to gain a foothold in the market and offer the audience a quality product,” note BetB2B experts

The platform for betting site: where to start launching a project in 2024? – BetB2B

Starting a betting project entails significant initial investment, yet the potential profitability is promising, given the anticipated progress in this sector over the next 5 years. Market growth should be at least 9%. The digital revolution has made its changes and they will affect the gambling and betting market. BetB2B experts note that every project in the betting industry must be technically advanced to provide quality services for players.

How to create a betting site from scratch:

Decide on a niche for betting – here you need to focus on the country’s market, target audience, and the popularity of a particular discipline in a particular country.
Choose a way to develop a website – do everything from scratch, and buy software.
Select a jurisdiction and obtain a license for bookmaking activities.
Develop site infrastructure.
Come up with a design, and create functionality.
Take care of payment services.
Make your resource a safe platform for clients.
Launch a marketing campaign.

Painstaking work to create a high-quality product will require a lot of effort, money, and skills.

How to simplify the task?

Leveraging modern solutions from BetB2B can streamline the process of creating a betting site and save resources. The platform offers targeted software for those planning to do business in the field of sports betting.

The BetB2B platform will help you quickly launch a website and provide a CRM system that will help track and analyze players’ activity. Information about players’ requests will be available here. Using a CRM system, you can determine the effectiveness of advertising and promotions.

By choosing this path, the client receives the following options for project development:

Turnkey solution is a comprehensive solution that includes content for sports betting, online casinos, and Esports. Suitable for creating a betting site from scratch.
Sportsbook API – integrated betting on more than 182 sports. It will help expand the options of an already working website.
Retail Solution is a comprehensive solution for betshops.

Operating principles of BetB2B:

Access to an efficient platform.
High-quality services for efficient work with the finished site.
Wide package of modern solutions.
Speed ​​of application processing.

The company operates all over the world. The completion of numerous projects underscores the professionalism and quality of work delivered by the company.

Read more:
BetB2B: Regional features of Sportsbook. What software for betting to use in 2024?

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With advancing technology, the various techniques of regulation within the industry are also getting better and making sure that there are no illicit activities plaguing the industry.

A CASP license https://fastoffshorelicenses.com/casp-license/ is also among the major ground compliance requirements for businesses operating in the crypto sector.

What does it mean to have a CASP License?

Actually, the CASP license is a specific type of business license that concerns businesses vending generation and other services related to crypto assets. These activities can encompass the exchange or sale of cryptocurrencies as well as the provision of custody or management services for cryptocurrencies.

The objective of the license is to prevent abuse of these services by individuals involved in illegal activities such as money laundering and terror financing, assuring that crypto-related businesses are appropriately regulated.

Why is a CASP License Necessary?

Regulatory Compliance: A CASP license ensures that your business complies with AML and CTF requirements, which are necessary in some legal regimes for the legal operation of businesses.
Enhanced Market Credibility: Taking up a CASP license will provide a great deal of reputation for your company which will make it easier to attract clients and partners who appreciate compliance and security.
Broadened Market Access: This is because a number of countries or areas would require operating companies from within their premises to obtain certain licenses including a CASP license, which can also make it easier to enter more markets.

Key Jurisdictions to Obtain CASP Licensing

European Union (EU): In the EU, the license is one of the elements of regulation called Markets in Crypto-Assets Regulation (MiCA). This regulation seeks to harmonize the operations of crypto companies within member states.
United Kingdom (UK): Since Brexit, the UK has developed an independent set of laws with respect to crypto businesses. In the context of CASP licensing, the UK’s FCA plays an active role that has enough resources and regulatory benchmarks.
Switzerland: Along with the reputation of an innovative country towards cryptocurrency, the country under the aegis of FINMA also issues a CASP License allowing such firms to operate within a structured regime.
Singapore: Under the Payment Services Act, the Monetary Authority of Singapore regulates the businesses seeking Payment Services, including such activities as those qualifying for a CASP license. It is a country with a good reputation in matters of regulation, quite tough but also encouraging.

Final Thoughts

The CASP license is a must-have law and order function for cryptocurrency operators that want to be legal and grow their business. Knowing its importance and the steps which need to be followed for obtaining one, it is possible to satisfy regulatory requirements and augment one’s company’s image in the fierce world of cryptocurrency.

Read more:
CASP License: Understanding Its Importance and Application Process

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With just over three weeks until the Budget, the Government’s plan to recruit 5,000 new HMRC compliance officers has been welcomed by leading audit, tax, and business advisory firm Blick Rothenberg.

However, the firm warns that this recruitment effort is only a small step toward fixing the deep-rooted issues in the UK’s tax system.

Robert Salter, Director at Blick Rothenberg, noted that HMRC has been under-resourced for years, and while the addition of new staff is a positive development, it won’t be enough to address the larger structural problems plaguing the tax system. “HMRC systems are often poor and don’t provide either HMRC or taxpayers with a good service,” Salter said. He cited HMRC’s tool for determining employment status for tax purposes as an example of a system that frequently produces incorrect results when reviewed against binding UK case law.

Salter stressed the importance of comprehensive training for the new recruits, emphasizing that the complexity of the UK tax system requires a thorough understanding of its many intricate and sometimes counter-intuitive regulations. “Without long-term, in-depth training, the money spent on recruitment could be wasted, and taxpayers may face a worse service due to under-trained officers who misinterpret tax laws or request the wrong information,” he warned.

As the Budget approaches, Salter hopes that Chancellor Rachel Reeves will provide details on how the new HMRC officers will be trained to effectively address the complexities of the tax system. He stressed that while the recruitment drive is a positive first step, it must be accompanied by significant improvements in HMRC’s systems and procedures to truly make a difference for taxpayers.

Blick Rothenberg’s concerns come at a crucial time, with taxpayers and tax advisors eagerly awaiting the potential tax changes expected in the upcoming Budget. The firm’s experts argue that without a clear plan for comprehensive training and system upgrades, the Government’s efforts to improve HMRC’s capabilities may fall short of the intended impact.

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Recruiting 5,000 new HMRC compliance officers just first step in fixing UK’s tax system, says Blick Rothenberg

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The Conservative Party of the UK is searching for the next potential successor as the 2025 UK election gets a date of May 01, 2025.

The next UK elections are scheduled to happen on May 01, 2025. Conservative leadership has been asked to get a reality check or learn valuable lessons from their last defeat. Former Prime Minister, Rishi Sunak, has tons of experience in coming closer to fixing the UK and losing it all quickly. He said during the 4-day meeting of the party that there was a need to introspect, further reminding the members that it was the first-ever conference in opposition since 2009.

A transition in leadership is key to the future of the UK majorly because the region is not precisely operating at the best of its capabilities. Reports coming to the surface highlight that the optimism in the UK economy has sunk since the fallout of Liz Truss. She is now one of the shortest-serving PMs of the country having sat on the chair for only 50 days which ended on October 25, 2022.

Factors that could affect leadership changes in the Conservative Party are their mission statements plus how their supporters take the news, for the party needs a strong leader to reclaim the throne.

Top Contenders for the Conservative Leadership

Some of the top contenders for Conservative Leadership are Rishi Sunak, Olly Robbins, and Melaine Dawes.

Rishi Sunak

The opposition leader, Rishi Sunak, was previously the Prime Minister of the UK from 2022 to 2024. He took over the chair after serving as the Chancellor of the Exchequer from 2020 to 2022. His work background further goes back to serving as the Chief Secretary to the Treasury of the UK from 2019 to 2020, Parliamentary Under-Secretary of State from 2018 to 2019, and Member of the Parliament from 2015 to 2024.

He made bold commitments to control immigration but at the same time saw the economy drain. It can be accredited to the Covid-19 pandemic but it comes down to his shoulders for not efficiently pulling the country out from the pit.

Ollie Robbins

Ollie Robbins is a former Treasury and an official hailing from national security. His name majorly pops up for being charged with the duty of negotiating the Brexit deal of the UK. Whether the deal and the entire exit were worth every effort or not remains to be seen. What is certain is the fact that Brexit did eventually happen.

He remains the choice of Sue Gray to become the next head of the UK civil service where, if elected, he will be tasked with leading 500,000 civil servants.

Melaine Dawes

Dawes has the added advantage of running a larger department of housing and local government. Melaine is preferred for her communication skills and popularity among colleagues. She is known for taking a stand on diversity issues.

Her current position is the head of the media watchdog Ofcom. Melaine has a core contestant in the name of Ollie Robbins – Sunak, having already served as a PM, stays ahead in the race based on experience.

Crypto’s Influence on Conservative Leadership Odds

The cryptocurrency market’s revenue is estimated to reach $1,660 million in 2024 with a projected CAGR of approximately -3.55%. It means that the revenue for 2025 could probably be around $1,601 million. The UK must keep up with the trend as the global adoption of digital currencies rises. There is also a growth in the acceptance of crypto-linked ETFs. The US, for instance, has already approved Bitcoin and Ether ETFs. It is next expected to give a green light to SOL or XRP ETFs in 2025.

Investors are flocking to risky assets as the global economy pushes for a lower borrowing rate. The US Federal Reserve is leading the race at a time when the inflation rate seems to be coming under control. Rishi Sunak did push for cryptos in his tenure in the form of the Digital Pound, Government commitments, and the Financial Services & Markets Bill. Many say that he was involved even before he took over the PM’s post.

For now, a larger part of the influence is in the hands of the crypto industry. As we can see the US election odds are varying due to the influence of major betting platforms and crypto stance. It stems from the belief that they are looking to conveniently navigate their way around the complexities. Crypto traders, influencers, communities, etc play an important role in shaping the dynamics of UK leadership as they promote their favorable candidates. The same factor is likely to affect crypto political betting and odds of Conservative Party leadership. As they navigate leadership changes, if they aligned with crypto interests that would significantly affect the market speculation and their chance of winning. 

What to Expect Leading Up to the 2025 UK Election

Key factors that will shape the election for the Conservative Party are crypto regulations, public opinion, and economic policies, to mention a few. The leadership takeover will impact upcoming elections as it will put forward a face that people vote for. Rishi Sunak does come closer to being that person; however, the party might look into someone new for a change, expecting Sunak to back the party with his experience and a passive driver for the country.

Conclusion

Likely successors are Rishi Sunak, Olly Robbins, and Melaine Dawes differ from each other being varied strengths and this leadership choice will significantly affect the party’s direction and success. A lot depends on their ideas for crypto regulations and economic reforms. For the crypto market, it would be a decision to see what is in store for them in the times to come.

Read more:
Conservative Leadership Odds: Who Could Be the Next UK Successor in 2025?

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If you’ve been paying any attention to the news in recent years you will know that Britain has a productivity ‘problem’.

August publications such as the Financial Times, and The Economist will tell you Britain’s ‘poor productivity’ is ‘holding us back’ as a country on the world stage.

Institutions from the London School of Economics, Economics Observatory and the National Institute of Economic and Social Research put it down to a ‘lack of investment’.

And if you look at the latest Office for National Statistics figures you can see it in black and white.

For every hour we work in the UK we make £46.92, while in the US they make £58.88, Germany makes £55.83 and France makes £55.50. If only we could work harder and more efficiently they bemoan.

But what if we look at those same statistics as a customer. Suddenly the UK looks the best value. All things being equal customers can buy an hour of work in the UK for the less than in some of our G7 neighbours.

When customers are global suddenly that ‘poor productivity’ is not a disadvantage its an advantage. The UK looks cheap.

Now some might argue that I am simplifying too much; economists also use a second measure of productivity and that is Gross Value Added (GVA). Simply put, it’s the difference between a raw product and the output after a worker has turned it into something.

This measure works really well in manufacturing. You just take the end price of a car, minus the cost of the raw materials in making that car and then divide the remainder by the hours worked. If the factory becomes more productive and they produce cars in less time then productivity is up.

But here’s the problem with using that measure in the UK. Our economy is 81 per cent services! Our service sector is an unusually high proportion of our economy. In France it is 70% and in Germany 62%.

Now the thing about services is the human hours generally is the product. And the price people can charge for those hours flexes according to the market.

If the raw materials of a car goes up, the overall price of all cars will go up so companies can make a profit.

But in the service sector, companies can cut back much further if the economy is doing badly because the hours are the only thing they are really selling.

So you can see what I am talking about let’s look at an example.

I run a professional services firm. One of the things my firm provides for its clients is PR services. Broken down in very simple terms we might say to a client that we can generate four high quality pieces of coverage for £X per month. And for simplicity I calculate that it is going to take my team 50 hours of work per month to achieve that.

Now this client is a global client and also needs to achieve the same in the US. Their agency takes the same amount of time and achieves the same result but charges twice as much.

According to the economist which company is more productive? That’s right, if you’ve been following you will know that the US agency has charged twice as much for its time even though the output for the end consumer was the same.

I’m no economist but I do understand value and I know that all things being equal something half as much is better value.

But it’s not just me spotting it, our customers do to. Despite my company being an agency of just 15 people, around a third of our customers are headquartered abroad. We don’t market ourselves outside the UK – they just know they get better bang for buck.

That’s also why after seven years in the UK we are looking to expand into North America. We already have interest in us setting up an office in Toronto.

I will be taking an exploratory trip out next month. And guess what, I’ll be taking two of my ‘unproductive’ British workers with me.

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Could everything you have been told about Britain’s low productivity be wrong?

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David Sullivan, chairman of West Ham United and one of Britain’s wealthiest individuals, has criticised the Government’s tightening of non-dom tax rules, blaming the changes for driving the super-rich out of the country.

Sullivan, who is the football club’s largest shareholder, has cut the asking price of his 21,000 sq ft London mansion by £10m to £65m, citing high interest rates and upcoming tax reforms as major factors.

The property, located in Marylebone, has been on the market since late 2023. Sullivan told Bloomberg: “What the Government is doing to the non-doms isn’t very nice, and a lot of rich people are leaving the country as a result of what they anticipate in the Budget. Three or four of my friends have already gone to Monaco or Dubai.”

David Sullivan has cut the asking price of his Marylebone town house to £65m Knight Frank

At 75 years old, Sullivan now faces selling the mansion, which boasts luxurious features like a 12.7 metre swimming pool, hot tub, gym, and a sky lounge, at a loss. The businessman, worth an estimated £1.1bn, spent around £75m buying and renovating the property, which has served as the backdrop for films like The King’s Speech and Amy Winehouse’s Rehab music video.

The issue centres around non-doms—UK residents who hold tax domiciles elsewhere—who currently benefit from not paying local taxes on overseas earnings for up to 15 years. The government, however, under plans announced by former chancellor Jeremy Hunt, is set to phase out non-dom status by April 2025. The reforms would limit new arrivals to a four-year grace period before full taxation on global earnings kicks in, while existing non-doms would have a two-year transition period. The crackdown has raised concerns of a significant exodus of the wealthy from the UK.

Sullivan’s frustrations reflect a wider sentiment among the UK’s super-rich, who are worried about potential capital gains and inheritance tax hikes in the upcoming Budget. Christian Angermayer, a cryptocurrency billionaire, recently relocated to Switzerland, labelling the Government’s non-dom tax crackdown as a “huge mistake”. Charlie Mullins, Britain’s richest plumber, has also listed his £12m London penthouse for sale as he prepares to flee the country.

The 21,000 sq ft townhouse on Portland Place includes a commercial kitchen Knight Frank

Rachel Reeves, the Chancellor, is reportedly considering diluting the proposed non-dom reforms amid fears that the measures may not generate the expected £2.7bn by 2028. Treasury officials are concerned that the tax changes could backfire, triggering a mass departure of wealthy individuals from the UK.

Sullivan, who built his fortune in the 1970s through the adult entertainment industry before expanding into property, football, and media, co-owns West Ham United and is joint chairman of the club. His decision to reduce the price of his mansion reflects wider struggles in London’s super-prime property market. According to Knight Frank, only 10 properties priced above £30m changed hands in the year to July, compared to 38 in the previous year.

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West Ham chairman blames government tax crackdown for super-rich exodus ahead of budget

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Euston railway station has switched off its giant advertising billboard after an outcry from commuters who criticised the replacement of vital passenger information screens.

The decision comes after mass cancellations on Avanti West Coast trains left thousands of passengers frustrated and confused on the station’s overcrowded concourse.

Transport Secretary Louise Haigh intervened, directing Network Rail to disable the 200ft screen, which had been displaying advertisements for Canadian holidays, ITVX, and the Transformers film, rather than crucial travel updates. Haigh acknowledged that Euston station has “simply not been good enough for passengers” and demanded immediate action to improve conditions.

The screen had replaced one of the largest passenger information boards in the UK, and the decision to swap it out was widely criticised by commuters as a “terrible decision,” especially during periods of significant disruption. With cancellations affecting routes to Birmingham, Manchester, Liverpool, Glasgow, Edinburgh, and other destinations, passengers were left without access to key travel information, sparking widespread frustration.

In response to the backlash, Network Rail confirmed that the billboard had been switched off and that a review would be conducted to assess the screen’s impact on congestion at the station. “The question is whether the screen is contributing to congestion or not making a difference, or indeed if it’s actually having a positive impact,” a spokesman said. The station will use heat modelling to monitor how the screen shutdown affects passenger movement.

Network Rail insisted that the new configuration of passenger information boards improves circulation at the station, with a spokesperson noting, “We will never be going back to a bulkhead departure board. However popular it was, the facts prove that it was a hindrance to moving around the station.”

The shutdown of the advertising screen is part of a broader five-point plan designed to enhance the experience for passengers at Euston. Additional measures include creating more concourse space, improving how the station operates during disruptions, and enhancing the reliability of train services on the West Coast Main Line.

Gary Walsh, route director for West Coast South, admitted that the recent passenger experience at Euston had fallen short, saying, “We need to do better.” He expressed confidence that the five-point plan would make a meaningful difference in the short term by easing congestion and providing clearer passenger information.

Euston station is also in discussions with advertising company JCDecaux, which owns the billboard, to explore the possibility of displaying passenger information on the screen during times of severe disruption on the West Coast Main Line. Known as the Euston Motion+, the screen first went live in January as part of a campaign devised by Saatchi & Saatchi for energy company Ovo.

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Euston turns off giant billboard after commuter backlash over missing passenger information

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Olive oil prices are expected to fall significantly in the coming months, with experts predicting a potential 50% drop as the Mediterranean’s largest producing region, Andalusia in Spain, gears up for a bumper harvest.

The end of prolonged drought conditions is expected to boost production by 77%, with the region set to produce around 1 million metric tonnes of olive oil this season.

This surge in production offers relief to UK shoppers, who have faced record-high olive oil prices over the past two years. Gary Lewis of KTC Edibles, a major UK oil supplier, forecasts a substantial decrease in prices, estimating they could fall by 40-50%. “Prices could return to late 2022 levels, falling from €10,000 (£8,365) per tonne to €4,000-€5,000 per tonne,” Lewis said.

Consumers are likely to start seeing lower prices soon, with the full impact expected to be felt by the first quarter of 2024. The market, however, remains cautious until the crop is harvested and processed.

The price of olive oil in British supermarkets peaked this summer, with a 500ml bottle averaging £7.89 in August and September, according to Assosia. Recent weeks have seen a slight reduction, with the average price now at £7.52, as brands like Napolina and Filippo Berio begin to lower prices.

Kyle Holland, an analyst at Expana, pointed out that other key olive oil producers such as Greece, Turkey, and Tunisia are also set for improved harvests, which will further increase global supply. Greece is expected to produce 230,000 metric tonnes this season, up from 130,000 last year, while Turkey and Tunisia are also forecasting substantial gains in production.

As the olive harvest progresses from late October to February, experts agree that the increased supply should continue to drive prices down, providing much-needed respite for consumers after years of high costs caused by heatwaves and droughts.

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Olive oil prices set to halve as Mediterranean bumper harvest looms

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GB News is facing a substantial fine for breaching Ofcom’s impartiality rules after losing a High Court bid to block sanctions from the media regulator.

A judge rejected the news channel’s request to pause Ofcom’s sanctions process, allowing the regulator to move forward with its planned penalties, including a potentially significant fine.

The controversy stems from a live debate programme featuring former Prime Minister Rishi Sunak, which aired in February. Ofcom received over 500 complaints, ruling that GB News had breached impartiality rules by failing to provide balanced perspectives during the broadcast. The regulator argued that the channel did not offer equal weight to opposing viewpoints, either in the debate itself or in a related programme.

GB News had sought an injunction to prevent Ofcom from publishing details of the sanctions, claiming that doing so would cause “irreparable damage” to the channel’s reputation. However, Mr Justice Chamberlain dismissed the argument, stating that the public interest in completing the process outweighed the potential harm to the broadcaster. The judge emphasised the importance of Ofcom’s regulatory role in maintaining public confidence and ensuring compliance among broadcasters.

Ofcom has provisionally decided to impose a significant statutory fine on GB News, with the final decision expected soon. However, the court has allowed GB News to pursue a judicial review of the breach decision, which could challenge the regulator’s findings.

This case marks a pivotal moment for GB News, which has already been found in breach of Ofcom’s broadcasting rules a dozen times, including issues related to impartiality and the use of politicians as presenters. The channel has faced scrutiny for employing figures like Jacob Rees-Mogg as hosts, with two episodes of his programme recently ruled to have violated regulations barring politicians from acting as newsreaders.

Ofcom welcomed the court’s decision to allow the sanctions process to proceed, stating that it reflected the public interest in upholding broadcasting standards. GB News’s chief executive, Angelos Frangopoulos, expressed satisfaction that the court granted permission to challenge Ofcom’s decisions, stating that the broadcaster believes some of the regulator’s rulings have been “neither fair nor lawful.”

The final outcome of this case will likely set a precedent for future regulatory actions involving political content on UK news channels, as GB News continues to navigate its controversial approach to broadcasting.

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GB News faces ‘significant’ fine after losing High Court battle over Ofcom sanctions

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