The UK government has revealed that its tax authority has reported itself to the police watchdog four times over the suicides of individuals facing the loan charge — the contentious policy which has left many people facing crippling tax bills, the Financial Times reported. The loan charge, which was introduced by HM Revenue & Customs in April, requires people who used loan-based avoidance schemes to pay tax on up to 20 years of income in a single financial year.

Harland and Wolff, the Belfast shipyard that built the Titanic, has been sold by owner Dolphin Drilling to infrastructure specialists InfraStrata for 6 million pounds ($7.4 million), saving the facility from closure, Reuters reported. InfraStrata said Harland and Wolff’s multi-purpose fabrication facility, quaysides and docking facilities were ideally suited for the energy infrastructure industry and the company’s projects. All 79 workers who did not opt for voluntary redundancy earlier in the year will be retained, the company said.

Jamie Oliver received a £5.2m dividend payout despite profits across his restaurant, food and media group almost halving last year as the celebrity chef’s UK chain collapsed, the Financial Times reported. Profit before tax across the group, covering restaurant, licensing and media operations, fell from £14.5m in 2017 to £8m in the year to the end of 2018 as a result of £9.9m exceptional costs from the failure. Jamie’s Italian went into administration in May after a rapid expansion resulted in high rent and business rates.

Neutrals and fanatics are united by the belief that getting Brexit done will bring an end to the current chaos, The Irish Times reported. Closure is an overused word but it is often deployed by those who are either bored, terrified or angry about Brexit. Even some Remainers now think that a negotiated exit, soon, is the only way to allow the UK to move on. This belief is a dangerous delusion. For all of the understandable fury with the language used this week by Boris Johnson his strategy is logical.

The British government is hiring. Requirements: A candidate who can keep markets calm, put up with criticism from politicians and deftly respond to an unprecedented economic event as Britain tears itself away from the European Union, while the rest of the world economy stutters, the International New York Times reported. Send applications to: Unknown. The person who succeeds Mark Carney as leader of the Bank of England will have to brace for a challenge. When Britain voted to leave the European Union, Mr.

Germany’s Condor, which is owned by British travel operator Thomas Cook, said on Thursday that a Frankfurt court had begun investor protection proceedings that should allow the airline to be restructured, Reuters reported. Thomas Cook, the world’s oldest travel firm, collapsed this week, sparking a scramble for survival among many of its subsidiaries. Germany said on Tuesday it would guarantee a 380 million euro ($419 million) bridging loan for Condor to enable it to continue flying and save jobs.

The euro-area’s bailout fund will start using Luxembourg law to govern its debt rather than English law, the latest blow dealt by Brexit to the U.K.’s financial industry, Bloomberg News reported. The European Stability Mechanism will start adopting Luxembourg law for all its euro-denominated bonds and bills starting Oct. 1, according to an investor newsletter Thursday. Dollar-denominated debt will continue to be issued under English law.

Ulster Bank’s chief executive said there will be a fresh round of jobs cuts at the group as it seeks to rein in costs as ultra-low central bank interest rates squeeze lending margins, The Irish Times reported. “I think we all thought that by now we were going to be in a position where interest rates were rising, but, from the latest coming out of the ECB, it looks like it could be four years,” Jane Howard told The Irish Times in her first profile interview since taking over the helm of the bank last September. “It is going to be a challenge to generate new income.

Pearson warned that a 20 per cent drop in demand for US college textbooks would hit its profit and jeopardise a return to sales growth next year, triggering an 18 per cent share price fall, The Irish Times reported. In an echo of Pearson’s past profit warnings, the world’s biggest education company said on Thursday that, while 75 per cent of its sales continued to grow, US higher education courseware revenue was set to fall as much as 12 per cent in 2019.

Aer Lingus owner IAG warned that challenges facing the European airline industry are set to continue into 2020 after cutting profit guidance for this year. Earnings will be about 6 per cent lower than forecast in the wake of strikes at British Airways, its biggest unit, and depressed ticket prices at low-cost operations Vueling and Level, The Irish Times reported. IAG lowered capacity growth in the final quarter and will provide details in November of a decrease next year, chief executive Willie Walsh said on a call with analysts on Thursday.