Business & Economy
LSBF News
Tesco records 55% drop in profits
UK supermarket giant Tesco PLC has reported a 55% drop in profits for the first half of its financial year.…
Tax rulings disclosure by 2017 signed off by EU chiefs
The European Council has come to an agreement on a directive that is aimed at improving tax disclosure requirements for…
Travel Tax Relief restrictions to affect UK freelancers
Up to 45,000 UK freelancers could be negatively affected by restrictions on tax relief for work travel if the UK…
HMRC offer guidance on derivative contracts tax changes
A four-week informal consultation is being offered by HMRC regarding the draft legislation for proposed amendments to the taxing of…
US economy expected to grow faster than previously estimated
According to revised official figures, the second quarter of the year saw the US economy grow faster than previously anticipated.…
Businesses lose over £200bn to cyber attacks a year globally, reveals study
Cyber attacks have cost businesses across the world more than £200 billion over the past year, according to new research…
Steep rise for UK deficit follows fall in tax receipts
Income tax receipts have unexpectedly fallen, and as a result, Britain’s deficit has risen to £12.1bn in August. The figure…
UK updates laws governing consumer rights
New laws governing how businesses in the UK operate will come into effect on 1st October 2015 as part of…
£140bn added to UK economy by robots, says Deloitte
A new analysis of ONS labour force data by Deloitte has dug deep into the stats involving the effects of…
UK inflation falls back to zero per cent
With a Bank of England target of around 2% once again being missed, the latest figures show that the UK…
PwC announces record £3.1bn revenues in annual report
Big 4 firm PwC has highlighted the contribution it makes to the UK economy in the company's annual report. The…
Sharpest fall since 1992 expected for US oil output
According to The International Energy Agency (IEA), next year US oil production will experience its biggest fall since 1992. Low…