The United Kingdom (UK) economy recorded a mere 0.1 percent growth in October, representing a sharp slowdown from September’s 0.6 percent growth and well below what analysts had forecast for the month. The Office for National Statistics (ONS), in its report, attributed the slowdown in growth to a big decline the construction sector, which also […]
Britain’s inflation rate dropped to 3.1 percent year-on-year (Y-o-Y) in September following the artificial blip caused by year 2020’s ‘Eat Out to Help Out’ scheme dropped out of the figures. However, analysts are projecting that higher prices are still expected in the months ahead. The Office for National Statistics (ONS) reported on Wednesday that the […]
UK Chancellor of Exchequer, Rishi Sunak, on Monday disclosed that the Prime Minister Boris Johnson-led government would keep all plans to cut tax until after the next general election for tax cuts as a strategic measure to reposition the nation’s economy back on a “sustainable footing” . Sunak who gave this hint in his keynote […]
Amazon, a leading online shopping company, has paid £492 million in taxes on sales which rose 50% to £20.63 billion, as COVID-19 pandemic continues to trigger demand for its services. The company, which said it had invested £32bn in UK infrastructure since 2010, disclosed the tax payment in its latest financial results It stated: “We […]