Sunak pledges to cut business tax in Autumn Budget
Rishi Sunak vowed that business tax cuts will come in this year’s Autumn Budget. The cost of running a business crisis is arguably as much of an issue as Covid-19, with the strain of many increased costs, the national insurance rise and energy prices only going upwards, so will this be too late for struggling small businesses?
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Will swapping out electric car batteries catch on?
An alternative to charging your electric car has been introduced to help with the rise in electric cars. Nio has introduced the technology to swap electric car batteries for a new one instead of plugging in to charging constantly. The technology is already widespread in China, with the first Europe station south of Oslo.
The company hopes that this will encourage more people to invest in an electric car, appealing to customers with worries about their range. The swapping of the battery takes less than five minutes and is straightforward.
Espen Byrjall, Nio’s power and operations manager in Norway, says it’s partnered with energy giant Shell, to roll them out across Europe, with the aim of installing 1000 by 2025. “It’s going to be a network that lets you drive all over Europe.”
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