taxes
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Global economic growth has been downgraded by the Organisation for Economic Co-operation and Development (OECD) – as the impact of US President Donald Trump’s tariffs becomes apparent. Major economies including the UK will have lower rates of GDP – a measure of an economy’s value and everything produced – due to the US’s imposition of…
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Thames Water has staved off effective government ownership after an unsuccessful legal challenge to its financial restructuring. The Court of Appeal has ruled in favour of a £3bn loan intended to temporarily sort out its finances while the company raises more private investment, dismissing an appeal. The decision backs the High Court judgment of last month and…
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The U.S. Social Security Administration is considering dramatically curtailing the phone services that 73 million retired and disabled Americans rely on to apply for and access their earned government benefits, The Washington Post reported Wednesday. The agency, under pressure from the U.S. DOGE Service team, is considering a proposal to end telephone service for claims…
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Households have been warned that energy prices could stay high for the rest of the year after Ofgem announced the price cap would go up by 6.4% from April. The increase will raise the average bill for households in England, Scotland and Wales on a standard variable tariff from £1,738 a year to £1,849. The…
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As Donald Trump campaigns for a second term in the White House, he’s made a series of promises about revitalizing the U.S. economy. His message centers on a radical shift in trade policy, plans to eliminate taxes on tips and Social Security benefits, and a proposal to significantly reduce the corporate tax rate. Trump asserts…
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The Nigerian government plans to impose a 5 percent tax on telecommunication, gaming and betting services in the country amid economic hardship. This was contained in the Economic Stabilisation Bills recently sent to the National Assembly by the Federal Government. Analysis of the bill indicated that it seeks to introduce excise duties on services such…
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The tax burden in the UK “will likely stay at its 70-year high for decades”, the Institute for Fiscal Studies reports. Speaking to The Telegraph, Paul Johnson, its director, warned that factors such as rising health spending, people living longer, the pensions bill and a need to increase defence spending would make it harder to bring…
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Next with Health Secretary Victoria Atkins, we turn to the budget this week, and Trevor Phillips asks how the Conservative Party has the “gall” to say it is a tax cutting party when the tax burden is going to rise to the highest level since the Second World War. Ms Atkins starts trying to say…
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LAGOS: Each night as darkness descends on Lagos, Nigeria’s commercial capital, sweat-drenched young men and women descend on the megacity’s numerous nightclubs to dance to the latest hit songs. A restaurant bar ikeja situated in Mainland Lagos. Much like the famous “Nollywood” film industry, music is now big business in Africa’s most populous nation. The…
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