Connect with us
DAPA Banner
DAPA Coin
DAPA
COIN PAYMENT ASSET
PRIVACY · BLOCKDAG · HOMOMORPHIC ENCRYPTION · RUST
ElGamal Encrypted MINE DAPA
🚫 GENESIS SOLD OUT
DAPAPAY COMING

Business

Regis announces FY27 production guidance

Published

on

Regis announces FY27 production guidance

Shares in Jim Beyer-led Regis Resources fell on Friday, following the release of its FY27 annual production guidance.

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Andy Burnham vows to be ‘pro-business Prime Minister’ and to reindustrialise Britain

Published

on

Business Live

Andy Burnham has been elected as the new Labour leader and will become the UK’s next Prime Minister on Monday

Andy Burnham giving his first speech as leader of the Labour Party

Andy Burnham giving his first speech as leader of the Labour Party(Image: Getty Images)

Andy Burnham has promised to be a ‘pro-business’ Prime Minister who will reindustrialise Britain and champion the nation’s small businesses.

Addressing party members following his coronation as Labour leader on Friday, the former Manchester mayor launched an attack on “four decades of neoliberalism” he argued had concentrated political power in Westminster while “economic power was privatised”.

Echoing themes from his initial speech upon returning to Westminster last month, Mr Burnham vowed to transfer greater control to local communities, arguing that “political power was centralised and economic power was privatised” during the 1980s, as reported by City AM.

“We will take back power from Westminster and Whitehall and give it to the place where you live,” he declared to Labour members. “Power to improve your high street, backing local businesses such as the pubs and the shops that bring them to life.

Advertisement

“And make no mistake, everybody, I will be a pro-business leader of the Labour party as I was a pro-business mayor of Greater Manchester.”

Mr Burnham’s comments followed his victory in an uncontested leadership race triggered by Keir Starmer’s resignation.

He successfully fended off Nigel Farage’s Reform UK in last month’s Makerfield by-election. During Friday’s address, he promised to extend the pledge he made to “restore hope” in the Greater Manchester seat across the entire country.

“This is… a plan to give people more power to bring back the hope that we have all been missing too much, and people are looking for us to deliver,” he said. “And we will.”

Advertisement

Mr Burnham’s formal election as Labour leader means he is now officially in line to succeed Keir Starmer as Prime Minister on Monday, when the London MP tenders his resignation to the King. In doing so, he will become the UK’s seventh Prime Minister within a decade.

The newly elected Labour leader chose not to unveil any specific policies or announce cabinet appointments. Instead, he outlined a series of broad pledges to reverse the “wrong turns the country has taken since the 1980s” and breathe new life into the nation’s industrial heartlands.

“The country surrendered control of the essentials: housing, water, energy, transport, and left people exposed to higher costs,” he told members. “That, in turn, led to the concentration of more wealth and power in the hands of fewer people and fewer places.

“Large parts of Britain were deindustrialised without the power to set new ambitions for themselves.”

Advertisement

Mr Burnham has previously indicated he will push through a further shake-up of business rates upon taking office, which would impose higher levies on out-of-town warehouses to finance tax relief for high-street retailers and pubs. Michael Kill, chief executive of the Night Time Industries Association, said the new Labour leader’s address marked an opportunity for his sector to “move beyond survival towards sustainable growth.

“Our night time industries, from hospitality and nightlife to music, culture and entertainment, are central to Britain’s social and cultural economy,” he said. “They create jobs, drive investment and bring people together. They are the heartbeat of our high streets, towns and cities.”

Continue Reading

Business

Things to Know Before You Buy an Electric Scooter in the UK

Published

on

Things to Know Before You Buy an Electric Scooter in the UK

Electric scooters have become one of the fastest-growing modes of urban transport in Britain — but the UK market comes with legal nuances, technical specs, and buying pitfalls that trip up first-time owners.

Before you add to cart, here’s what actually matters.

Know the Law First — It’s Not What You Think

This is the single most misunderstood part of e-scooter ownership in the UK. Buying a private Best electric scooter is completely legal. Riding it in public is not — at least not yet.

Under the Road Traffic Act 1988, privately owned e-scooters are classed as motor vehicles, which means they legally require insurance, registration, and a type approval that consumer models don’t have. As a result, private e-scooters can only be ridden on private land with the landowner’s permission — not on roads, pavements, or cycle paths.

The only legal way to ride an e-scooter in public is through a council-approved rental scheme (like Lime or Voi), which the Department for Transport has extended until May 2028 while it gathers data for future legislation. A wider legalisation bill for private scooters is being discussed in Parliament, but it isn’t expected to pass before 2028–2029.

Advertisement

Bottom line: if you’re buying for daily commuting on public roads, you need a large private space (garden, driveway, or private estate) to use it legally today — or you’re taking on real legal risk, including fines and points if caught riding illegally.

Battery Range Isn’t Always What’s Advertised

Manufacturer range figures are usually tested under ideal conditions — flat ground, single rider, mild weather, lowest speed setting. Real-world range typically drops 20–30% once you factor in rider weight, hills, wind, and cold UK winters. As a rule of thumb, buy a scooter rated for at least 1.3x the range you actually need.

Motor Power and Speed Limits

UK rental trial scooters are capped at 15.5 mph, and that’s a useful benchmark even for private buying decisions. Higher-powered models (500W+) offer better hill performance and durability but aren’t necessarily “more legal” — power output has no bearing on where you’re allowed to ride.

Water Resistance Matters More Here Than Anywhere Else

Given the UK climate, an IP rating below IP54 is a dealbreaker. Look for IPX5 or higher if you plan to ride in typical British weather (which, realistically, you will).

Advertisement

Tyres: Solid vs. Pneumatic

  • Solid/honeycomb tyres — puncture-proof, low maintenance, harsher ride on rough surfaces.
  • Pneumatic (air-filled) tyres — much smoother ride, better grip, but require occasional maintenance and are puncture-prone.

For UK terrain — pavements, gravel driveways, uneven private land — pneumatic tyres are usually the better everyday choice.

Check for UKCA/CE Certification

Cheap import scooters sometimes skip proper safety certification. Always confirm UKCA or CE marking before buying — this affects battery safety (fire risk is a real concern with uncertified lithium batteries) and your consumer protection rights if something goes wrong.

Warranty, Spare Parts, and UK-Based Support

Because private e-scooters see most of their use on private land rather than daily road commuting, buying from a retailer with UK-based customer support and accessible spare parts (tyres, batteries, chargers) will save you significant hassle long-term. Avoid brands that only ship parts from overseas with 6–8 week lead times.

Insurance and Safety Gear

Even on private land, third-party liability insurance is worth considering if other people (family, visitors) might be riding too. A helmet is not legally required for private-land use but is strongly recommended regardless of where you ride.

Final Pre-Purchase Checklist

  • Confirmed you have adequate private land to ride legally
  • Range rated for at least 1.3x your actual need
  • IPX5+ water resistance
  • UKCA/CE certified battery and build
  • UK-based warranty and spare parts support
  • Tyre type suited to your terrain

Where to Buy

Once you know what to look for, comparing models side-by-side makes the decision far easier. You can browse a solid range of certified, UK-ready models via the Best electric scooter UK collection to compare specs, range, and pricing before you commit.

Buying an electric scooter in the UK isn’t complicated once you separate the legal reality from the marketing hype. Get the legality, battery, and certification questions right first — everything else is preference.

Advertisement

Continue Reading

Business

AFL takes over 'Western Derby' trademark bid

Published

on

AFL takes over 'Western Derby' trademark bid

An application by the West Coast Eagles football club to trademark the term ‘Western Derby’ has been transferred into the hands of the Australian Football League.

Continue Reading

Business

WA aged care providers create system roadmap

Published

on

WA aged care providers create system roadmap

Seven of some of Western Australia’s largest aged care providers have released a plan aiming to strengthen the state’s increasingly strained aged care system.

Continue Reading

Business

Botswana says Anglo picks De Beers buyer, weighs options for "optimal structure"

Published

on


Botswana says Anglo picks De Beers buyer, weighs options for "optimal structure"

Continue Reading

Business

Rosendorff Diamonds rebuts claims amid former owner company’s tax dispute

Published

on

Rosendorff Diamonds rebuts claims amid former owner company’s tax dispute

Rosendorff Diamonds has rebutted reports of its administration after the director of its former owner company was involved in a tax dispute in the state’s highest court.

Continue Reading

Business

Veradermics: VDPHL01 Looks Promising Enough On Paper

Published

on

Veradermics: VDPHL01 Looks Promising Enough On Paper

Veradermics: VDPHL01 Looks Promising Enough On Paper

Continue Reading

Business

Radical simplicity’ to guide Conagra, CEO says

Published

on

Radical simplicity’ to guide Conagra, CEO says

CEO John Brase says complexity is a barrier to growth.

Continue Reading

Business

McGovern Foundation kicking goals, driving success

Published

on

McGovern Foundation kicking goals, driving success

Concussions may have driven former West Coast Eagles defender Jeremy McGovern to an early retirement, but they didn’t stop him from diving headfirst into his charity.

Continue Reading

Business

The great wealth transfer could be over $100 trillion or $36 trillion

Published

on

The great wealth transfer could be over $100 trillion or $36 trillion

Robert Nicholas | Ojo Images | Getty Images

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.

A new estimate for the great wealth transfer has sparked a debate over how many trillions of dollars will pass from baby boomers to their heirs, and how it will be spent and invested.

Advertisement

Last week, Visa Business and Economic Insights released a new projection for the great wealth transfer, estimating that $36 trillion in baby boomer wealth will be passed down to Gen X and millennials over the next 20 years. The figure is a fraction of the widely cited estimate from Cerulli Associates, which says $105 trillion will pass from older generations to heirs by 2048.

The more than $60 trillion gap between the two studies has raised new questions about the size and impact of the great wealth transfer. Some say it will be the largest in history, dramatically reshaping wealth management, charity and the global wealth landscape. Others say its impact will be far more limited and simply marks a continuation of long-term inheritance trends.

The dueling Visa and Cerulli numbers highlight just how important the estimates have become for wealth managers and other companies overhauling their businesses to prepare for the next generation of wealth.

Visa, as a credit card payments company, focuses its study on the amount of inherited wealth that will be spent by everyday American consumers. Cerulli, being a financial research firm, focuses its study on the total wealth being transferred, including the outsized share of fortunes being passed down by the ultra wealthy. While Cerulli focuses on all wealth transfers in coming decades, Visa looked only at transfers from baby boomers.

Advertisement

“We wanted to go through and inspect how much money will actually be spent,” said Wayne Best, chief economist at Visa. “A lot of people think about the $93 trillion or $124 trillion and think ‘All that money’s going to be available for spending; this is going to be incredible.’ That’s why we went through the kind of the step-by-step process.”

Visa’s process started with the total amount of wealth held by today’s baby boomers, which it put at about $93 trillion. The report then stripped out liabilities, which includes mortgage debt, of $5 trillion and subtracted the wealth of the top 1%, estimated at $28 trillion.

Best said the top 1%, or those with wealth of at least $12 million, approach money very differently from the rest of consumers. They spend a much smaller share of their wealth and they tend to buy different things.

“They don’t spend like the rest of us,” Best said. “They’re buying yachts and airplanes. It’s all great for the economy, but that’s not what the average person really thinks of. So we removed that top 1%, to put this more on a normal or level playing field.”

Advertisement

Visa then stripped out the retirement spending of baby boomers, which could be larger than expected. Because boomers are living longer and spending their wealth more than past generations, Visa estimates their retirement spending at $16 trillion. It also subtracted $8 trillion for charity and taxes.

In addition, Visa focused its analysis exclusively on the wealth being transferred from baby boomers over the next 20 years. Cerulli looked at transfers from all generations by 2048, which includes members of the older Silent Generation, as well as the younger Generation Xers, who are now between 46 and 61 years old.

After taking out the debt, the fortunes of the top 1%, retirement spending, taxes and charity, Visa estimates that boomers will pass on only $36 trillion of their $93 trillion in wealth.

Of that $36 trillion, they estimate that $28 trillion will go to savings and investments and $8 trillion will go to spending. The $8 trillion will be spent mainly on cars, homes, travel and retail.

Advertisement

“You know, $8 trillion in spending is nothing to sneeze at,” Best said.” It’s a significant amount of money. And it’s additive. But we wanted to put that in perspective because when you start throwing around trillions of dollars it can get confusing very quickly.”

Cerulli, by contrast, sought to estimate the total wealth being passed down by all wealth groups, of all ages, by 2048.

Chayce Horton, Cerulli’s associate director of wealth management, said the biggest impact of the great wealth transfer will be in wealth management, rather than consumer companies.

Half of the more than $100 trillion being passed down will be from high net worth or ultra-wealthy families, he said. The first transfers in the coming years will be to spouses, mainly women. Cerulli estimates that $4 trillion will go to spouses before being passed down to children and other family members.

Advertisement

“When you look at that demographic, on average, spouses are a couple years younger, and those spouses live a couple years longer,” Horton said.

Get Inside Wealth directly to your inbox

Cerulli said it does factor in retirement spending, taxes and debt. It also estimates that about $18 trillion of $124 trillion in total transferrable wealth will go to charity — leaving a total of $106 trillion going to heirs and spouses.

Gen Xers will be the first recipients, followed by millennials and then Gen Z. Gen X will inherit $14 trillion in the next 10 years, but millennials will eventually inherit the most, estimated at $46 trillion in the next 25 years.

Horton said it would be a mistake for the wealth management industry or any company serving wealthy clients to discount the impact of the great wealth transfer and the acceleration of inherited wealth. He said that one of every four wealth management clients currently come from inherited wealth — second only to business owners and founders, and ahead of corporate executives.

Advertisement

“The focus of our report when we do this analysis is understanding where the wealth is today, and where that wealth will be moving tomorrow so the wealth and asset management industry can adapt,” Horton said. “Something that we continue to emphasize as an important consideration for the wealth management industry, is making sure that they have those relationships across spousal lines, as well as intergenerational lines.”

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Continue Reading

Trending

Copyright © 2025