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The London office, the empty boxes and the £1bn tax loophole

31 August 2026 at 15:00

Exclusive: How a court case over an unoccupied office block could end a widely used tax avoidance scheme

From the outside, the seven-storey building at 2 America Square looks like any other office block in the heart of London’s financial district.

Located about half a mile from Tower Bridge, one might expect it to be a hive of commercial activity, teeming with employees holding important meetings. However, much of the property is home not to staff vying for their next bonus, but to stacks of nondescript black boxes arranged in neat lines.

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© Photograph: Brian Anthony/Alamy

© Photograph: Brian Anthony/Alamy

© Photograph: Brian Anthony/Alamy

Tropical Storm Dolly downgraded to ‘open tropical wave’ as it heads to Caribbean

28 August 2026 at 18:23

Remnants from tropical storm could cause heavy rainfall on Leeward Islands and affect Virgin Islands, Puerto Rico and Hispaniola

Remnants of Tropical Storm Dolly, which has been downgraded to an “open tropical wave”, were moving still across the Atlantic Ocean toward the Leeward Islands, and could bring heavy rainfall to parts of the Caribbean this weekend, the US National Hurricane Center (NHC) said on Friday..

Dolly, which formed on Thursday, had maximum sustained winds of near 40mph (65km/h) with higher gusts on Friday morning. Later on Friday, forecasters said that Dolly was no longer a Tropical Storm, and had “become an open tropical wave”.

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© Photograph: NOAA/AP

© Photograph: NOAA/AP

© Photograph: NOAA/AP

Tropical Storm Dolly downgraded to ‘open tropical wave’ as it heads to Caribbean

28 August 2026 at 18:23

Remnants from tropical storm could cause heavy rainfall on Leeward Islands and affect Virgin Islands, Puerto Rico and Hispaniola

Remnants of Tropical Storm Dolly, which has been downgraded to an “open tropical wave”, were moving still across the Atlantic Ocean toward the Leeward Islands, and could bring heavy rainfall to parts of the Caribbean this weekend, the US National Hurricane Center (NHC) said on Friday..

Dolly, which formed on Thursday, had maximum sustained winds of near 40mph (65km/h) with higher gusts on Friday morning. Later on Friday, forecasters said that Dolly was no longer a Tropical Storm, and had “become an open tropical wave”.

Continue reading...

© Photograph: NOAA/AP

© Photograph: NOAA/AP

© Photograph: NOAA/AP

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