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Taxation

UK Budget 2023: Economy Set to Avoid Recession

UK Budget 2023: Economy Set to Avoid Recession

Following UK Chancellor Jeremy Hunt's announcement of the 2023 budget, the Office for Budget Responsibility (OBR) forecast that the UK won't enter a technical recession this year, with inflation reportedly set to drop to 2.9% — a reduction by more than half its current rate — by the end of 20...

Shell Reports Highest Profits in 115 Years

Shell Reports Highest Profits in 115 Years

On Thursday, oil and gas giant Shell reported record annual profits of $39.9B for 2022 after energy prices surged following Russia's invasion of Ukraine. The company's profits were double those from the previous year and its highest in 115 years....

Energy: BP Profit Soars to Record $28B

Energy: BP Profit Soars to Record $28B

On Tuesday, British Petroleum (BP) reported a record profit of $28B for 2022

UK: Pound Falls to Record Low Against US Dollar

UK: Pound Falls to Record Low Against US Dollar

The British pound slumped to an all time low against the US dollar on Monday, falling almost 5pc overnight to $1.0327. It later leveled out at $1.05 - around 2.9pc below the previous session's close....