UK scraps corporation tax hike, lifts cap on bankers’ bonuses

UK scraps corporation tax hike, lifts cap on bankers’ bonuses

LONDON: The UK government on Friday scrapped a rise in corporation tax and lifted the cap on bankers’ bonuses in a controversial bid to boost the faltering economy. Head of Finance Quasi Kwarteng made the announcement at Parliament as he presented a “mini-budget” to lawmakers. The UK government is expected to release an emergency budget … Read more

Chinese delegation barred from Queen’s coffin: Report

Chinese delegation barred from Queen’s coffin: Report

LONDON: A delegation of Chinese officials has reportedly been banned from visiting the historic hall Parliament where Queen Elizabeth II finds herself in the situation, as geopolitics overshadows the solemn worship surrounding the monarch’s death. The row broke out as the government said it was temporarily stopping people from joining the queue to start passing … Read more