The UK Finance Minister, Rishi Sunak, announced before Parliament some fiscal measures, including a reduction in social contributions and fuel taxes, to alleviate the effect of rising prices on British consumers.
Sunak indicated that the initial thresholds applied to National Insurance will…
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UK suspends crypto ATM services
The Financial Conduct Authority (FCA) of the United Kingdom decided to suspend the services of all cryptographic ATMs that operate in the country, because the responsible operators do not have the necessary legal permits to carry out their…
Amazon closes its physical bookstores in the US and the UK
Major e-commerce company Amazon said it plans to close dozens of brick-and-mortar bookstores and other retail stores to focus on groceries and tech. The decision affects a total of 68 stores in the United States and the United Kingdom…
UK seizes NFT associated with a tax fraud
For the first time, the United Kingdom managed to seize three files in NFT format, related to a case of tax fraud that used these assets to inflate their value and hide money from the tax authorities.
TheUK seizes NFT associated with a tax…
UK GDP increased by 7.5%
The Gross Domestic Product (GDP) of the United Kingdom grew by 7.5 % in 2021, thus registering the highest rate of expansion among the main advanced economies, after having suffered a contraction of 9.4 % in 2020, according to published…
United Kingdom ruled out mandatory vaccination
The United Kingdom Health Minister Sajid Javid ruled out compulsory and taxable vaccinations for the British and stressed that he would "never consider" such a proposal.
His comments come at a time when cases are skyrocketing in central…
UK GDP stopped growing in the third quarter of the year
The UK's Gross Domestic Product (GDP) grew between July and September at a rate of 1.3 % compared to the previous three months, when the British economy had grown by 5.5 %, according to the first published estimate by the National…
Australia and the United Kingdom could ratify their free trade agreement by the end of the year
The Australian and UK authorities plan to ratify their free trade agreement before the end of the year, according to the director of the British Australian Chamber of Commerce, David McCredie, in an interview with Sky News Australia.
"We…
United Kingdom approved first oral antiviral against Covid-19
The UK Medicines and Health Products Regulatory Agency (MRHA) authorized the use of Lagevrio (Molnupiravir), an oral antiviral developed by the US laboratory Merck, which could become a crucial tool in the fight against Covid-19.
The MRHA,…
UK will not stop investments from China
UK Prime Minister Boris Johnson ruled out sidelining Chinese investments despite differences between London and Beijing regarding human rights and the situation in Hong Kong.
Ahead of the London Global Investment Summit, Johnson stressed…
The United Kingdom will seek to enter the T-MEC treaty
The United Kingdom announced that it will seek to join the Treaty to which Mexico, the United States and Canada are parties.
After having abandoned its plan to reach an agreement with the US government, Prime Minister Boris Johnson's…
UK to implement new method for international trips
Gran Shapps, Secretary of Transport of the British government, reported that as of next October 4, "the current traffic light system will be replaced by a single red list of countries and territories," and it will also simplify travel…