UK government borrowing higher than expected ahead of mini-budget; crude oil up again – business live

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Soaring inflation pushes up UK government interest payments, as US Fed chair signals more aggressive rate rises to tame inflation

On the VAT front, the pub chain Wetherspoon has criticised the government’s plans to increase VAT to its pre-pandemic level of 20% for food sold in pubs, restaurants and cafes in April. VAT was cut to 5% in July 2020 to help struggling businesses. Wetherspoon founder and chairman, Tim Martin, claims it’s not fair to charge VAT on food sold in pubs and restaurants, but not in supermarkets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines