UK imposes 25pc energy windfall tax to help households as bills surge LONDON: Britain announced a 25 percent windfall tax on oil and gas producers’ profits on Thursday, alongside a 15... Published 27 May, 2022 05:50am
Business & Finance Inflation picture is concerning, British junior finance minister says LONDON: The inflation picture is hugely concerning but the British government has confidence in the Bank of England... Published 23 May, 2022 12:20pm
Business & Finance UK’s Sunak faces new headache as borrowing figures overshoot forecast LONDON: British government borrowing in the recently ended 2021/22 financial year was almost 20% higher than... Published 26 Apr, 2022 12:14pm
World UK’s Johnson did not break COVID laws ‘with malice’, minister says LONDON: A senior British minister said on Wednesday that Prime Minister Boris Johnson did not set out to break COVID... Published 13 Apr, 2022 11:30pm
World UK PM, finance minister face calls to quit over lockdown fines LONDON: Prime Minister Boris Johnson and his finance minister Rishi Sunak will be fined for breaking Britain’s... Published 13 Apr, 2022 06:03am
Business & Finance Sterling strengthens slightly LONDON: Sterling strengthened slightly on Tuesday, hovering around the $1.30 level for its third session in a row,... Published 13 Apr, 2022 06:03am
World UK finance minister requests ethics review amid tax row LONDON: Britain’s embattled finance minister, Rishi Sunak, has asked the government’s ethics advisor to review... Published 11 Apr, 2022 02:45pm
Print ‘Non-dom’ tax status for UK minister fuels attacks on govt LONDON: Britain’s beleaguered finance minister won fulsome backing from a cabinet colleague on Sunday but... Updated 11 Apr, 2022 10:06am
World UK Labour Party calls on Sunak to explain offshore trusts claim LONDON: Britain’s opposition Labour Party called on finance minister Rishi Sunak on Saturday to respond to claims... Published 10 Apr, 2022 05:49am
World UK Labour Party calls on Sunak to explain offshore trusts claim LONDON: Britain’s opposition Labour Party called on finance minister Rishi Sunak on Saturday to respond to claims in... Published 09 Apr, 2022 05:05pm
World Sunak defends wife's tax status, says every penny owed in UK is paid: The Sun British finance minister Rishi Sunak defended his wife over her UK tax status, saying that every penny owed in the... Published 08 Apr, 2022 11:53am
Print UK finance minister faces further fire over wife’s tax status LONDON: UK finance minister Rishi Sunak, once a leading contender to become prime minister, faced new criticism on... Published 08 Apr, 2022 05:28am
Technology Indian IT giant plays down Russia ties after UK finance chief grilled MUMBAI: India’s Infosys played down its business ties in Russia on Friday after British finance minister Rishi... Published 26 Mar, 2022 04:13am
Technology Indian IT giant plays down Russia ties after UK finance chief grilled MUMBAI: India’s Infosys played down its business ties in Russia on Friday after British finance minister Rishi Sunak... Published 25 Mar, 2022 03:17pm
Markets FTSE 100 up 0.1pc LONDON: London’s FTSE 100 ended higher on Thursday, aided by healthcare and consumer staple stocks, although... Published 25 Mar, 2022 05:47am
Business & Finance Sterling eases amid resilient growth and surging prices LONDON: Sterling drifted lower against the dollar on Thursday as data showing resilient British business activity in... Published 25 Mar, 2022 05:46am
World UK confronts cost of living crisis with inflation-fighting budget LONDON: British finance minister Rishi Sunak on Wednesday launched plans to ease a cost of living crisis, with ... Published 24 Mar, 2022 05:36am
Business & Finance Sterling holds at 2-week high after Spring statement LONDON: Sterling held at a two-week high against the euro and softened slightly against the dollar on Wednesday,... Published 24 Mar, 2022 05:36am
Business & Finance Sterling higher ahead of inflation data LONDON: The British pound recovered against the dollar on Monday ahead of key domestic drivers for the currency,... Published 22 Mar, 2022 05:21am
Business & Finance UK launches £1.0bn support for Omicron-hit businesses LONDON: Britain on Tuesday launched a £1.0 billion ($1.3 billion, 1.2 billion euro) aid package to help UK... Published 22 Dec, 2021 06:13am
World UK to unveil plan for first 'net zero' financial centre LONDON: Finance minister Rishi Sunak is to announce plans to make Britain the world's first net zero financial... Published 03 Nov, 2021 09:52am
Business & Finance Pound firms vs dollar, slips against euro LONDON: Sterling firmed on Thursday against the dollar, which lost ground after data showed weak economic expansion... Published 29 Oct, 2021 05:05am
World Sunak promises more spending as UK emerges from pandemic LONDON: Finance minister Rishi Sunak used an upgrade to Britain’s economic recovery forecasts to promise higher... Published 28 Oct, 2021 04:06am
Business & Finance Sterling recovers as budget forecasts stronger UK growth LONDON: Sterling recovered from intraday lows on Wednesday after British finance minister Rishi Sunak announced... Published 28 Oct, 2021 04:06am
Business & Finance UK's Sunak says inflation, rates feed into budget thinking LONDON: British finance minister Rishi Sunak said on Sunday that the outlook for interest rates and inflation will... Updated 24 Oct, 2021 02:46pm
Markets UK borrowing down by half as Sunak readies budget Sunak to set out new budget forecasts on Oct. 27 Debt as a share of GDP close to level seen in 1960s Published 21 Oct, 2021 12:30pm
Print IMF, G20 fret over supply chain bottlenecks, inflation fears WASHINGTON: Global finance officials gathered in Washington on Wednesday were focused on finding a way to alleviate... Updated 15 Oct, 2021 09:25am
World UK jobs hit record high ahead of September furlough expiry LONDON: British employers added 207,000 staff in September, taking their payrolls to a record high shortly before ... Published 12 Oct, 2021 02:09pm
Print Milestone global corporate tax deal finally gets agreement PARIS: A milestone global deal to ensure big companies pay a minimum tax rate of 15% and make it harder for them to... Updated 09 Oct, 2021 09:43am
World UK unveils new pandemic support for workers MANCHESTER: Britain's finance minister unveiled on Monday measures to help people find jobs after the government ... Published 04 Oct, 2021 06:14pm