EE mobile network down AGAIN as 10,000s customers unable to make or receive calls
Thousands of customers have flagged the issue on on Downdetector, a system which monitors outages.
It marks the second day of disruptions for the telecoms giant, with frustrated users facing the same issue yesterday.
The Sun has approached EE for comment.
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Canalside development project completed at Staveley's canal basin
A Derbyshire town is looking for businesses to move in after the opening of a new two-storey canalside Moorings building is part of the Staveley Town Deal, a £25m regeneration programme aided by funding from central government that began last year.A total of £3.5m of the £4.5m cost was provided by the fund, with the remaining £1m covered by Derbyshire County authority said it expected the new site "to create between 40 and 60 new jobs". This building is part of the an 85-hectare business park based on the site of the old Markham Colliery, with the regeneration project also hoping to attract visitors to Chesterfield Canal and the surrounding Reaney, county council cabinet member for economic development and regeneration, said the Moorings "will be a fantastic waterside destination for both local people and visitors to enjoy"."We're inviting contact from retail, dining and other businesses looking to relocate or expand into this purpose-built space, and we've already received considerable interest from a number of potential tenants," he said.
Reuters
an hour ago
- Reuters
Owner of landmark Manhattan skyscraper closes on $1.3 billion loan
Aug 6 (Reuters) - New York City property developer The Durst Organization sealed one of 2025's largest Manhattan office loans for a landmark Times Square skyscraper on Wednesday, according to Rosenberg + Estis, the law firm that represented the developer. The family-run property owner closed a $1.3 billion commercial mortgage-backed security on One Five One, a 48-story, Class A office building formerly known as 4 Times Square. The proceeds will go towards funding tenant improvements and capital expenditures, among other uses, according to Rosenberg + Estis. In the years following the COVID-19 pandemic, which wrought devastation on the U.S. office market, The Durst Organization has brought a diverse range of major new tenants to the building, including social media giant TikTok and financial services firm Nasdaq. One Five One was designed by legendary architect Frank Gehry and was previously home to publisher Conde Nast until 2014, and international law firm Skadden Arps until 2020. Wells Fargo (WFC.N), opens new tab, JPMorgan (JPM.N), opens new tab and Bank of America (BAC.N), opens new tab co-originated the $1.3 billion CMBS. The building was previously financed by a $650 million CMBS and a $900 refinancing provided in 2019 by JPMorgan and Wells Fargo. Rosenberg + Estis called the immense package a major milestone for the New York office market's recovery. "This deal sold the bonds very quickly. It pre-sold, basically," said Eric Orenstein, a member of Rosenberg + Estis's transactions team. Orenstein said the $1.3 billion ultimately funded was well above the amount originally sought by The Durst Organization. "There is tremendous demand for class A assets for well-known sponsors that are well-respected in the community," he added. "It's a good sign for the market generally." The $1.3 billion loan carries a 5.865% interest rate and matures on August 6, 2030. The financing arrangement was based on an estimated property valuation of $2.3 billion and a loan-to-value ratio of 56.5%. The Durst Organization did not immediately return a request for comment. Wells Fargo declined to comment. JPMorgan and Bank of America also did not immediately return requests for comment.
Telegraph
an hour ago
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Middle-income workers shoulder biggest tax burden increase
Middle-class workers are shouldering the biggest increase in the tax burden thanks to a stealth raid on thresholds, analysis suggests. The share of income tax paid by those who earn between £43,000 and £61,900 rose from 15.1pc to 17pc between 2021-22 and 2025-26, according to the TaxPayers' Alliance. During the same five-year period, the share of income tax paid by the top 1pc, those earning more than £201,000 a year, fell from 30.7pc to 26.6pc, the pressure group found. It comes as Chancellor Rachel Reeves faces a £50bn black hole in the public finances and declining tax revenue as high-net-worth individuals look to move abroad. Analysis by the Financial Times this month revealed there had been a 40pc rise in directors moving abroad since Labour's autumn Budget. The Taxpayers' Alliance report found the proportion of total income tax receipts increased for every group except for the top 1pc of earners, thanks to a series of stealth taxes first introduced by the Conservatives. Income tax thresholds, including the £12,570 tax-free 'personal allowance', were frozen at the 2021 budget by then chancellor Rishi Sunak until 2025-26. A year later, his successor, Jeremy Hunt, extended the freeze until 2027-28. Despite promising not to raise taxes on working people, Sir Keir Starmer has not ruled out extending the freeze further to 2029-30. Keeping thresholds frozen means earners lose a larger share of their incomes to tax, as inflation pushes up wages in a process known as fiscal drag. The stealth raid means almost 2.9 million more people will pay the basic rate of income tax in 2025-26 than in 2021-22, while over 2.6 million more will pay the higher rate. Including other rates, almost 6 million more people are forecast to be paying income tax than in 2021-22. John O'Connell, chief executive of the TaxPayers' Alliance, said: 'This is the sad but inevitable result of successive governments' assortment of anti-affluence tax policies, which penalise aspiration and success. 'The UK is now trapped in a doom loop with the Chancellor desperately scrabbling around for more cash to fill the fiscal black hole and increasingly finding her only option is to come after the middle classes. 'Rachel Reeves needs to now show some humility and reverse the policies that have done so much to drive away high earners.' The respected National Institute of Economic and Social Research on Tuesday warned slowing economic growth, a weak jobs market and Labour's failure to commit to welfare reform meant Ms Reeves was on course to miss her borrowing targets by £41.2bn. When combined with the £9.9bn of headroom the Chancellor has committed to keeping, it means she is facing a £51.1bn deficit in the autumn that will either have to be solved by raising taxes or cutting spending. The study also underlined the importance for the Treasury's balance sheet to keep the highest earners in Britain. Despite the proportion of tax paid by the top 1pc of earners falling, the group still accounts for more than a quarter of all income tax receipts. Analysis of Companies House by the Financial Times found that 3,790 company directors had left Britain between October and July compared with 2,712 in the same period a year earlier. Significant names have included Richard Gnodde, Goldman Sachs ' most senior banker outside the US, Nassef Sawiris, the Aston Villa co-owner, and British property tycoon brothers Ian and Richard Livingstone. It comes after Labour launched a wide-ranging tax raid after coming to power last year. This included abolishing the non-dom status and tightening inheritance tax rules. Laura Suter, of AJ Bell, said: 'Government tax policy in the past few years has had the dual outcome of pushing some of the wealthiest to leave the UK and also landing more taxpayers with higher tax bills at the same time. 'Together, this means that an increasing proportion of the total tax bill of the country is paid by middle earners, rather than the super-rich. 'Looking ahead, any potential tax-raising measures that Rachel Reeves makes in her next Budget could exacerbate this dynamic further.' Trevor Williams, a former chief economist at Lloyds Bank, previously warned Britain was facing a millionaires' exodus. Mr Williams said: 'Since 2014, the number of resident millionaires in the UK dropped by 9pc compared with the world's 10 wealthiest countries' global average growth of more than 40pc. 'Over the same period, the US saw a 78pc increase in millionaires – the fastest wealth growth [among these countries].' The Treasury insisted that under its Plan for Change it would keep more money in people's pockets. A spokesman said: 'This government inherited the previous government's policy of frozen tax thresholds. At the Budget and the Spring Statement, the Chancellor announced that we would not extend that freeze. 'We are also protecting payslips for working people by keeping our promise to not raise the basic, higher or additional rates of income tax, employee National Insurance or VAT. That's the Plan for Change – protecting people's incomes and putting money into people's pockets.'
