(Reuters) -Brokerages J.P.Morgan and Goldman Sachs on Wednesday raised their forecast for UK’s economic growth in 2024, a day after British Finance Minister Jeremy Hunt announced a cut in the National Insurance rate. J.P.Morgan raised its growth forecast to 0.4% from 0.2% expected earlier, while Goldman Sachs changed its forecast to 0.7% from 0.6% earlier. …
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By Sam Tobin LONDON (Reuters) – The former managing director of an Airbus subsidiary paid millions in bribes to senior officials linked to the Saudi Arabian National Guard to win valuable contracts, prosecutors told a London court on Wednesday. Jeffrey Cook ran GPT Special Project Management when he allegedly oversaw corrupt payments to middlemen to …
UK men funnelled bribes to top Saudi officials, London court told Read More »
By Alistair Smout LONDON (Reuters) -The British government will give more powers to its investment office to create a concierge service for large international investors in a recognition that it has become too slow and disjointed when trying to win international capital. Finance minister Jeremy Hunt said on Wednesday he would accept the recommendations of …
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By David Milliken, Kylie MacLellan and Andy Bruce LONDON (Reuters) -British finance minister Jeremy Hunt announced tax cuts for workers before an expected 2024 election and he gave businesses permanent investment incentives in an attempt to speed up an economy that looks stuck in a rut. Hunt also offered hefty rises in welfare payments and …
With eye on election, UK’s Hunt cuts taxes in bid to boost economy Read More »
By Huw Jones LONDON (Reuters) – The British government set out further plans on Wednesday to create bigger pension schemes able to invest in UK start-up companies – hoping to boost the economy and buttress the City’s ability to compete with New York in listings. Ten firms committed in July under the “Mansion House Compact” …
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By Aby Jose Koilparambil (Reuters) – With podcasts becoming all the rage since the beginning of the COVID-19 pandemic, companies such as Workspace Group are seeing strong demand for flexible office space from audio and video production professionals, it said. London-focused Workspace, which serves mostly small- and medium-sized enterprises and entrepreneurs, said the number of …
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LONDON (Reuters) – Finance minister Jeremy Hunt delivered his Autumn Statement to parliament on Wednesday, setting out tax and spend plans that he hopes will boost Britain’s struggling economy ahead of an election expected next year. Below are the main quotes from Hunt: GROWTH FORECASTS: The OBR expects the economy to grow by 0.6% this …
LONDON (Reuters) – British finance minister Jeremy Hunt on Wednesday said he would cut the amount of National Insurance social security contributions paid by 27 million workers in a move that will save employees hundreds of pounds a year. Hunt said the government would reduce the rate of National Insurance contributions (NICs) for employees by …
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By Sarah Young LONDON (Reuters) – Britain’s finance minister Jeremy Hunt made a tax break for business investment permanent on Wednesday, aiming to kickstart growth in the country’s sluggish economy. Britain has suffered from weak business investment since the Brexit vote in 2016, and economists blame the lack of corporate investment for the country’s anaemic …
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By Paul Sandle and Muvija M LONDON (Reuters) – British media minister Lucy Frazer said on Wednesday she was “minded to” intervene in a deal that could see Abu Dhabi-backed RedBird IMI take control of the Daily Telegraph, saying she had concerns about the newspaper’s independence. The right-leaning title and Spectator magazine, favourites of politicians …
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