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In a bold fiscal strategy, Rachel Reeves, the leading economic authority in Britain, rolled out a plan for tax increases expected to reach nearly PS26 |
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In a bold fiscal strategy, Rachel Reeves, the leading economic authority in Britain, rolled out a plan for tax increases expected to reach nearly PS26 |
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A video from the testing of DragonFire shows the system targeting an incoming drone with a concentrated beam of light in the sky. |
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A new test video shows the UK's DragonFire laser weapon destroying a high-speed drone, marking a major step in Britain's defence technology. |
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UK minister Seema Malhotra defends new immigration rules in India visit, citing rise in asylum claims by foreign students and focus on genuine migration. |
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UK Chancellor Rachel Reeves' Budget boosts child welfare and taxes, emphasizing economic rebuilding through trade deals, amid early document release. |
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Britains Labour administration has rolled out a new budget, surprising many with tax increases. Aimed at shrinking the national debt and bolstering public services, this budget reflects the government's response to projected sluggish economic growth ahead. Tax hikes will target both workers and businesses, with some of the adjustments coming into play in the later parliamentary sessions. |
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Britain will permit new oil and gas extraction linked to current fields. Windfall taxes on producers will continue until 2030. A new tax mechanism will replace the current one if prices remain high. This decision impacts the energy sector and government revenue. |
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Britain will reduce average annual energy bills by PS150 by shifting costs from energy consumers to general taxation. This includes scrapping the Energy Company Obligation scheme for home improvements in April 2026 and moving 75% of the Renewables Obligation costs to general taxation. These measures aim to counter a projected increase in the energy price cap. |
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Britain will soon introduce a new annual tax on homes valued above 2 million pounds. This surcharge will begin in April 2028. Owners of properties exceeding 2 million pounds will face this recurring charge. The tax will range from 2,500 pounds to 7,500 pounds based on property value. These values will be adjusted annually for inflation. |
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Britain's Andrea Thompson has thus been crowned World's Strongest Woman, after originally having been placed second |