Uk Budget News

UK Prime Minister Keir Starmer warned Tuesday that his new government's first budget in just over two months will be "painful", asking the country to "accept short-term pain for long-term good".

Bharatiya Janata Party (BJP) National President JP Nadda on Friday launched a scathing attack on Rahul Gandhi over his remarks in the UK and said that he has become a permanent part of the "anti-nationalist toolkit".

British finance minister Jeremy Hunt announced a string of tax increases and tighter public spending in a budget plan on Thursday that he said was needed after the blow dealt to the country's fiscal reputation by former prime minister Liz Truss.

Britain's new Prime Minister Rishi Sunak could delay the announcement of a plan to repair the country's public finances, foreign minister James Cleverly said on Wednesday, suggesting a little more time might be needed to spell out the details.

Britain's car industry called on the government to help boost the market in its upcoming budget and secure a free-trade deal with Europe as output fell again in January, hit by a double-digit slump in domestic demand.

RBI panel also suggested a government sponsored fund of funds (FoF) to support venture capitalists and private equity firms investing in the MSMEs.

The ministry said a new 400 million pound ($530 million) Charging Infrastructure Investment Fund would also be created, improving access to finance for businesses to develop charge points across the UK. Also 100 million pounds would be provided in grants to help people buy battery-electric vehicles.

Tata Steel's plan to sell its British steel making business has raised expectations of a long-awaited consolidation in the European steel sector, which is suffering from years of unaddressed overcapacity.

Tata Steel, Britain's largest steelmaker, is considering the sale of its entire UK business to stem heavy losses, a move that would draw a line under its almost decade-long foray into Britain.

In a meeting at the White House on Tuesday, US President Obama and the visiting British Prime Minister, David Cameron, are expected to discuss the furor over BP's lobbying for a prisoner-transfer agreement between Britain and Libya that led to the release of the convicted Lockerbie bomber from a Scottish prison. The prime minister called the releas...

UK Prime Minister Keir Starmer warned Tuesday that his new government's first budget in just over two months will be "painful", asking the country to "accept short-term pain for long-term good".

Bharatiya Janata Party (BJP) National President JP Nadda on Friday launched a scathing attack on Rahul Gandhi over his remarks in the UK and said that he has become a permanent part of the "anti-nationalist toolkit".

British finance minister Jeremy Hunt announced a string of tax increases and tighter public spending in a budget plan on Thursday that he said was needed after the blow dealt to the country's fiscal reputation by former prime minister Liz Truss.

Britain's new Prime Minister Rishi Sunak could delay the announcement of a plan to repair the country's public finances, foreign minister James Cleverly said on Wednesday, suggesting a little more time might be needed to spell out the details.

Britain's car industry called on the government to help boost the market in its upcoming budget and secure a free-trade deal with Europe as output fell again in January, hit by a double-digit slump in domestic demand.

RBI panel also suggested a government sponsored fund of funds (FoF) to support venture capitalists and private equity firms investing in the MSMEs.

The ministry said a new 400 million pound ($530 million) Charging Infrastructure Investment Fund would also be created, improving access to finance for businesses to develop charge points across the UK. Also 100 million pounds would be provided in grants to help people buy battery-electric vehicles.

Tata Steel's plan to sell its British steel making business has raised expectations of a long-awaited consolidation in the European steel sector, which is suffering from years of unaddressed overcapacity.

Tata Steel, Britain's largest steelmaker, is considering the sale of its entire UK business to stem heavy losses, a move that would draw a line under its almost decade-long foray into Britain.

In a meeting at the White House on Tuesday, US President Obama and the visiting British Prime Minister, David Cameron, are expected to discuss the furor over BP's lobbying for a prisoner-transfer agreement between Britain and Libya that led to the release of the convicted Lockerbie bomber from a Scottish prison. The prime minister called the releas...